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Status Report On Startup India
Status Report On Startup India
Status Report On Startup India
With the intention to build a strong eco-system for nurturing innovation and Startups in
the country, the Hon’ble Prime Minister launched Startup India Action Plan on January
16, 2016 in New Delhi. The Government through this initiative aims to empower
Startups to grow through innovation and design and to accelerate spreading of the
Startup movement. Given below is a glimpse of the progress Startup India has made:
RECOGNITION
Out of all the applications received, 932 had the requisite documents and have been
932 Start-up applications
recognised as Startups by DIPP. Rest of the applicants will be provided guidance and
have been recognised as support by the Startup India Hub to submit the relevant documents. 23 Startups have
Start-ups by DIPP been approved for availing tax benefits by IMB, as of 1st week of May, 2017.
COMPLIANCE REGIME BASED ON SELF-CERTIFICATION
Compliance norms have been eased in order to reduce the regulatory burden on
Startups thereby allowing them to focus on their core business and keep compliance
costs low.
a) Startups falling under the list of 36 “white” category industries have been exempted
from all the applicable compliances under 3 Environment Laws viz. The Water
(Prevention & Control of Pollution) Act, 1974; the Water (Prevention & Control of
Pollution) Cess (Amendment) Act, 2003 and the Air (Prevention & Control of
Pollution) Act, 1981. Click here to get the list of “white” category industries
b) Ministry of Skill Development and Entrepreneurship (MSDE) has issued advisory to
states to allow startups to self-certify compliance for a period of 1 year with the
Apprenticeship Rules, 1992 of Apprenticeship Act 1961
c) As per the advisory issued by Ministry of Labour & Employment (MoLE) on
12.01.2016, Startups may self-certify compliance under 6 Labour Laws; 12 states viz.
Chhattisgarh, Delhi, Jharkhand, Madhya Pradesh, Rajasthan, Uttarakhand,
Chandigarh, Gujarat, Daman & Diu, Punjab, Mizoram and Tripura have confirmed
compliance this advisory. MoLE has now increased the tenure of compliance of self-
Startup India hub has certification under 6 Labour laws from 3 to 5 years. MoLE ‘Shram Suvidha’ portal has
been integrated with Startup India portal for self-certification under 6 labour laws.
been able to handle
RECOMMENDATION BY INCUBATORS
more than 48,000
A maximum fee of INR 5,000 can be charged by the incubators for providing Letter of
queries and facilitate Recommendation to Startups. In cases where external expert(s) is/are required to assess
more than 380 Startups the innovativeness of a product/service/ process, a maximum fee of INR 10,000 can be
by providing advisory charged by the incubators.
ESTABLISHMENT OF INCUBATORS
New incubation centres will be established under Atal Innovation Mission across India
through financial support. The incubators would provide necessary infrastructure and
assistance to Startups in their early stages of growth.
NITI Aayog has received applications for setting up Atal Incubation Centres (AICs) in public
6 EICs have been approved and private sector as well as scaling up of Established Incubation Centres (EICs). In respect
to establishment of new incubators in institutions and as well as in the private sector,
for scale-up grant of INR 10
NITI Aayog has approved 10 institutes to establish new incubators in the grant of INR
Cr. 10 Crores each.
10 institutes have been A grant-in-aid of INR 10 Crore would be provided to each Established Incubator Centre (EIC)
approved for establishing for a maximum of 5 years to cover the capital and operational costs in running a centre. 6
established incubators have received the scale-up grant of INR 2.5 Crore as first instalment.
new AICs.
RESEARCH PARKS
The objective of setting up Research Parks is to propel successful innovation through
incubation and joint Research and Development (R&D) efforts between academia and
industry. 7 Research Parks will be set up as per the Startup India Action Plan. Research Park
at IIT Kharagpur is under construction and INR 74.825 lakh has been released. The
Research Park at IIT Gandhinagar is being set up by DST which has sanctioned INR 90
crore and disbursed an initial instalment of INR 40 crore. The remaining 5 are being set
up by Ministry of Human Resource Development (MHRD) and DST at IIT Guwahati, IIT
Hyderabad, IIT Kanpur, IIT Delhi and IISC Bangalore. In addition, another Research Park
at IIT Bombay is under construction and INR 7.70 Lakh has been released.
The Research Park at IIT
Gandhinagar is being set PROMOTING STARTUPS IN THE BIOTECHNOLOGY SECTOR
Under Biotech Equity fund, INR 1 crore each to be given to Bio-incubators. 3 Bio-
up by DST which has incubators have been selected as recipients of the above mentioned Equity Fund. A total
sanctioned INR 90 crore of 20 bio-incubators have been supported by DBT. 3 (out of 4) bio clusters have been
and disbursed an initial funded by DBT. The impact has been multi-fold as a total of 290 Startups have received
benefits (sanction amount of INR 125 Cr) from these bio-incubators under various
instalment of INR 40 crore.
programmes like Biotechnology Ignition Grant, IIPME (Industry Innovation Programme on
Medical Electronics), Sparsh, Grand Challenges, BioNEST, etc. 4 entrepreneurs have joined
and 1 is in the process of joining the Harvard University, USA under Bengaluru-Boston
Biotech Gateway.
TECHNOLOGY BUSINESS INCUBATORS (TBIs) AND STARTUP CENTRES
The objective is to propel successful innovation through augmentation of incubation and
R&D efforts. 15 TBIs and 15 Startup centres are being set up. 11 TBIs have been approved
and other 4 are in advanced stages.
Funding amount of INR 3.75 lakh for each of the 10 Startup Centres has been released by
INR 475 crore for 2016-18
MHRD as 1st instalment of the grant. Funds for the other 5 Startup Centres is at various
has been earmarked under stages of approval. 6 Technical Business Incubators are in advanced stages of approval by
UAY and 92 research DST. INR 34.92 crore has been sanctioned and INR 15.3 crore has been disbursed already.
proposals from IITs have
UCCHATAR AAVISHKAR YOJANA (UAY)
been approved. INR 75 The objective of UAY is to promote industry and outcome-oriented research projects by
crore has been disbursed students. INR 475 crore for 2016-18 has been earmarked under UAY and 92 research
under this scheme. proposals from IITs have been approved. Under this scheme, INR 75 crore has been
disbursed for research proposals from IITs under 6 domains.