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Startup India

Startup India|Bharat|Asian country|Asian nation} :The Prime Minister of India, Shri Narendra Modi had this year in his Independence Day speech declared the “Start-up India” initiative. This initiative aims at fostering entrepreneurship Associate in Nursing promoting innovation by making an scheme that's contributing for growth of Start-ups. the target is that India should become a nation of job creators rather than being a nation of job seekers. The Prime Minister of India can formally launch the initiative on January 16, 2016 from Vigyan Bhawan, New Delhi. The event are attended by a huge variety of young Indian entrepreneurs (over 2000) World Health Organization have started the journey of entrepreneurship through Start-ups.



As a key part of this “Start-up India” launch, Government of India is organizing a worldwide workshop on “Innovation and Start-ups” on January 16, 2016. Shri NarendraModi, Prime Minister of India are the Chief Guest on the occasion. This workshop aims to produce a platform to collect all stakeholders, stimulate dialogue on key challenges that the Indian innovation scheme presently faces, and supply the potential solutions to handle them.

Fostering a fruitful culture of innovation within the country may be a long and vital journey. This initiative can go a major method in reiterating Government of India’s commitment to creating India the hub of innovation, style and Start-ups.

Key points





  • Single Window Clearance even with the assistance of a mobile application
  • 10,000 large integer fund of funds
  • 80% reduction in patent registration fee
  • Modified and a lot of friendly Bankruptcy Code to make sure 90-day exit window
  • Freedom from deep inspections for three years
  • Freedom from financial gain Tax for three years
  • Freedom from tax in profits for three years
  • Eliminating procedure
  • Self-certification compliance
  • Innovation hub below Atal Innovation Mission
  • Starting with five 100000 colleges to focus on 10 lakh youngsters for innovation programme
  • new schemes to supply IPR protection to start-ups and new companies
  • encourage entrepreneurship.
  • Stand Bharat across the planet as a start-up hub.


Investments

SoftBank, that is headquarterd in Japan, has invested with US$2 billion into Indian startups. the japanese firm had pledged the full investments at US$10 billion. Google declared to launch a startup, supported the very best votes during which the highest 3 startups are going to be allowed to affix following Google launch area Week, and also the final winner might win associate degree quantity of US$100,000 in Google cloud credits. Oracle on 12 February 2016 declared to line up 9 incubation centres in Bengaluru, Chennai, Gurgaon, Hyderabad, Mumbai, Noida, Pune, Trivandrum and Vijayawada.

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