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(At the ongoing Startup India Innovation Week, in a virtual interaction with more than 150 startup founders, Prime Minister Narendra Modi said that the government has decided to celebrate January 16 as National Startup Day to take the startup culture to the far-flung areas of the country.) |
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| launched = {{Start date and age|2016|1|16}} | | launched = {{Start date and age|2016|1|16}} | ||
| launch_place = [[Vigyan Bhavan]], [[New Delhi]] | | launch_place = [[Vigyan Bhavan]], [[New Delhi]] | ||
| website = {{URL| | | website = {{URL|https://www.startupindia.gov.in/}} | ||
| current_status = Active | | current_status = Active | ||
}}{{Politics of India}}'''Startup India''' is an initiative of the [[Government of India]]. The campaign was first announced by [[Prime Minister of India|Indian Prime Minister]], [[Narendra Modi]] during his speech | }} | ||
{{Politics of India}} | |||
'''Startup India''' is an initiative of the [[Government of India]]. The campaign was first announced by [[Prime Minister of India|Indian Prime Minister]], [[Narendra Modi]] during his speech on 15 August 2015.<ref>{{Citation|title=PM Modi in Mann Ki Baat: 'Start Up India, Stand Up India' action plan on January 16 - Times of India|url=http://timesofindia.indiatimes.com/india/PM-Modi-in-Mann-Ki-Baat-Start-Up-India-Stand-Up-India-action-plan-on-January-16/articleshow/50340724.cms|website=The Times of India}}</ref> | |||
The action plan of this initiative is focussing on three areas: | The action plan of this initiative is focussing on three areas: | ||
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A startup defined as an entity that is headquartered in [[India]], which was opened less than 10 years ago, and has an annual turnover less than {{INRConvert|100|c}}.<ref>{{Citation |title = Gazette Notification by Ministry OF Commerce and Industry |url = https://www.startupindia.gov.in/content/dam/invest-india/Templates/public/198117.pdf|date = 2019-02-19}}</ref> Under this initiative, the government has already launched the I-MADE program, to help Indian entrepreneurs build 10 [[lakh]] (1 million) mobile app start-ups, and the [[Micro Units Development and Refinance Agency Bank|MUDRA Bank]]'s scheme (Pradhan Mantri Mudra Yojana), an initiative which aims to provide micro-finance, low-interest rate loans to entrepreneurs from low socioeconomic backgrounds.<ref>{{citation |title=Report: PM scheme generates 1.68 crore jobs in 2 years |url=http://m.thehindubusinessline.com/news/education/168-cr-incremental-jobs-created-under-mudra-scheme-in-2-years-since-launch/article9851526.ece |work=[[The Hindu Business Line]] |date=8 September 2017 }}</ref> Initial capital of {{INRConvert|20000|c|lk=|year=2017}} has been allocated for this scheme. | A startup defined as an entity that is headquartered in [[India]], which was opened less than 10 years ago, and has an annual turnover less than {{INRConvert|100|c}}.<ref>{{Citation |title = Gazette Notification by Ministry OF Commerce and Industry |url = https://www.startupindia.gov.in/content/dam/invest-india/Templates/public/198117.pdf|date = 2019-02-19}}</ref> Under this initiative, the government has already launched the I-MADE program, to help Indian entrepreneurs build 10 [[lakh]] (1 million) mobile app start-ups, and the [[Micro Units Development and Refinance Agency Bank|MUDRA Bank]]'s scheme (Pradhan Mantri Mudra Yojana), an initiative which aims to provide micro-finance, low-interest rate loans to entrepreneurs from low socioeconomic backgrounds.<ref>{{citation |title=Report: PM scheme generates 1.68 crore jobs in 2 years |url=http://m.thehindubusinessline.com/news/education/168-cr-incremental-jobs-created-under-mudra-scheme-in-2-years-since-launch/article9851526.ece |work=[[The Hindu Business Line]] |date=8 September 2017 }}</ref> Initial capital of {{INRConvert|20000|c|lk=|year=2017}} has been allocated for this scheme. | ||
Recently Indian Prime Minister announced "India will celebrate January 16 as ‘National Start-up Day"[https://asiannews.in/india-will-celebrate-january-16-as-national-startup-day/] | Recently Indian Prime Minister announced "India will celebrate January 16 as ‘National Start-up Day"[https://asiannews.in/india-will-celebrate-january-16-as-national-startup-day/]. Hon’ble PM awarded 48 startups on the eve of first National startup day. This time from Pune, Maharashtra, four startups got the award. <ref>{{Cite web|url=https://indianexpress.com/article/cities/pune/four-pune-startups-get-national-startup-award-2021-7726640/|title = Four Pune startups get National Startup Award 2021|date = 17 January 2022}}</ref> | ||
==Key points== | ==Key points== | ||
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==Government's role== | ==Government's role== | ||
Entrepreneurship is made above posts like organized and policy pillar, opportunity of capital and entrepreneurial civilization. In an emerging society such as India, the government should regulate entrepreneurship and encourage commercialization of bright plans by imitating the startup environment in the expanded states.<ref>{{Cite journal|last=Srikanth|first=M.|title=Entrepreneurship, Innovation, and Economic Development: An Indian Experience|journal=SEDME (Small Enterprises Development, Management & Extension Journal)|pages=1–14}}</ref> | [[Entrepreneurship]] is made above posts like organized and policy pillar, opportunity of capital and entrepreneurial civilization. In an emerging society such as India, the government should regulate entrepreneurship and encourage commercialization of bright plans by imitating the startup environment in the expanded states.<ref>{{Cite journal|last=Srikanth|first=M.|title=Entrepreneurship, Innovation, and Economic Development: An Indian Experience|journal=SEDME (Small Enterprises Development, Management & Extension Journal)|pages=1–14}}</ref> | ||
The [[Ministry of Human Resource Development (India)|Ministry of Human Resource Development]] and the [[Department of Science and Technology (India)|Department of Science and Technology]] have agreed to partner in an initiative to set up over 75 such startup support hubs in the [[National Institutes of Technology]] (NITs), the [[Indian Institutes of Information Technology]] (IIITs), the [[Indian Institutes of Science Education and Research]] (IISERs) and [[National Institutes of Pharmaceutical Education and Research]] (NIPERs).<ref>{{citation |title=Start up India: This is the beginning of big bang start up boom in India, says Softbank CEO |url=http://thehindu.com/business/narendra-modi-unveils-start-up-india/article8112821.ece |work=[[The Hindu]] |date=16 January 2016 }}</ref> | The [[Ministry of Human Resource Development (India)|Ministry of Human Resource Development]] and the [[Department of Science and Technology (India)|Department of Science and Technology]] have agreed to partner in an initiative to set up over 75 such startup support hubs in the [[National Institutes of Technology]] (NITs), the [[Indian Institutes of Information Technology]] (IIITs), the [[Indian Institutes of Science Education and Research]] (IISERs) and [[National Institutes of Pharmaceutical Education and Research]] (NIPERs).<ref>{{citation |title=Start up India: This is the beginning of big bang start up boom in India, says Softbank CEO |url=http://thehindu.com/business/narendra-modi-unveils-start-up-india/article8112821.ece |work=[[The Hindu]] |date=16 January 2016 }}</ref> | ||
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[[SoftBank Capital|SoftBank]], which is headquartered in [[Japan]], has invested {{USD| 2 billion}} into Indian startups. The Japanese firm has pledged to invest {{USD|10 billion}}. [[Google]] declared to launch a startup, based on the highest votes in which the top three startups will be allowed to join the next Google Launchpad Week, and the final winner could win an amount of {{USD|100,000}} in Google cloud credits.<ref>{{Citation |title=Startup India event Live: Adventure, doing the impossible is all entrepreneurship, says Uber CEO Travis Kalanick |url = http://www.financialexpress.com/article/economy/live-pm-narendra-modi-to-unveil-startup-india-today/195809 |work=[[The Financial Express (India)|The Financial Express]] |date=16 January 2016 }}</ref> [[Oracle Corporation|Oracle]] on 12 February 2016 announced that it will establish nine incubation centers in [[Bengaluru]], [[Chennai]], [[Gurgaon]], [[Hyderabad]], [[Mumbai]], [[Noida]], [[Pune]], [[Trivandrum]] and [[Vijayawada]].<ref>{{citation |title=After Digital India, Oracle seeks to participate in Make in India, Start-up India |url=http://www.livemint.com/Industry/NIK7XM3p7ochGKFtDruhUL/After-Digital-India-Oracle-seeks-to-participate-in-Make-in.html |work=[[Live Mint]] |date=13 February 2016 }}</ref> Rs 1000 crore [[Fund of funds|Fund of Funds]] for startups are reserved for women-led startups.<ref>{{Cite web|url=https://www.financialexpress.com/industry/sme/msme-fin-modis-startup-india-to-give-funding-incubation-more-to-these-many-women-run-businesses/1787275/|title=Modi's Startup India to give funding, incubation, more to these many women-run businesses|date=2019-12-07|website=The Financial Express|language=en-US|access-date=2019-12-10}}</ref> | [[SoftBank Capital|SoftBank]], which is headquartered in [[Japan]], has invested {{USD| 2 billion}} into Indian startups. The Japanese firm has pledged to invest {{USD|10 billion}}. [[Google]] declared to launch a startup, based on the highest votes in which the top three startups will be allowed to join the next Google Launchpad Week, and the final winner could win an amount of {{USD|100,000}} in Google cloud credits.<ref>{{Citation |title=Startup India event Live: Adventure, doing the impossible is all entrepreneurship, says Uber CEO Travis Kalanick |url = http://www.financialexpress.com/article/economy/live-pm-narendra-modi-to-unveil-startup-india-today/195809 |work=[[The Financial Express (India)|The Financial Express]] |date=16 January 2016 }}</ref> [[Oracle Corporation|Oracle]] on 12 February 2016 announced that it will establish nine incubation centers in [[Bengaluru]], [[Chennai]], [[Gurgaon]], [[Hyderabad]], [[Mumbai]], [[Noida]], [[Pune]], [[Trivandrum]] and [[Vijayawada]].<ref>{{citation |title=After Digital India, Oracle seeks to participate in Make in India, Start-up India |url=http://www.livemint.com/Industry/NIK7XM3p7ochGKFtDruhUL/After-Digital-India-Oracle-seeks-to-participate-in-Make-in.html |work=[[Live Mint]] |date=13 February 2016 }}</ref> Rs 1000 crore [[Fund of funds|Fund of Funds]] for startups are reserved for women-led startups.<ref>{{Cite web|url=https://www.financialexpress.com/industry/sme/msme-fin-modis-startup-india-to-give-funding-incubation-more-to-these-many-women-run-businesses/1787275/|title=Modi's Startup India to give funding, incubation, more to these many women-run businesses|date=2019-12-07|website=The Financial Express|language=en-US|access-date=2019-12-10}}</ref> | ||
On fifth anniversary of the Startup India initiative, [[Narendra Modi|PM Modi]] announces Rs 1,000 crore 'Startup India Seed Fund'<ref>{{Cite web|title=PM Modi Announces Rs 1,000-crore | On fifth anniversary of the Startup India initiative, [[Narendra Modi|PM Modi]] announces Rs 1,000 crore 'Startup India Seed Fund'<ref>{{Cite web|title=PM Modi Announces Rs 1,000-crore|url=https://www.moneycontrol.com/news/business/startup/pm-modi-announces-rs-1000-crore-startup-india-seed-fund-6355761.html|access-date=2021-01-23|website=Moneycontrol}}</ref> | ||
==State initiatives== | ==State initiatives== | ||
{{See also|Startups in Goa}} | {{See also|Startups in Goa}} | ||
[[Kerala]] has initiated a government startup nodal agency called Kerala Startup Mission (KSUM). KSUM supports startup ecosystem by means of different components such as Infrastructure, Human Capital Development, Funding, Governance, Public-Private partnerships, Global collaborations, Scaling Existing, and Establishing New startup ventures from Startup-Boot Up-Scale up model for moving fast from ideas to IPO. The state also matches the funding raised by its incubator from Central government with 1:1. | [[Kerala]] has initiated a government startup nodal agency called [[Kerala Startup Mission|Kerala Startup Mission (KSUM)]]. KSUM supports startup ecosystem by means of different components such as Infrastructure, Human Capital Development, Funding, Governance, Public-Private partnerships, Global collaborations, Scaling Existing, and Establishing New startup ventures from Startup-Boot Up-Scale up model for moving fast from ideas to IPO. The state also matches the funding raised by its incubator from Central government with 1:1. | ||
[[Telangana]] has taken “exemplary initiatives” by establishing the exclusive women’s incubator WE HUB, [https://timesofindia.indiatimes.com/topic/the-Telangana-Innovation-Fund the Telangana Innovation Fund] (T-Fund, an early stage investing vehicle in collaboration with global investor), and the government mentor | [[Telangana]] has taken “exemplary initiatives” by establishing the exclusive women’s incubator WE HUB, [https://timesofindia.indiatimes.com/topic/the-Telangana-Innovation-Fund the Telangana Innovation Fund] (T-Fund, an early stage investing vehicle in collaboration with global investor), and the government mentor program (GMP) to bridge the gap between states and startups.<ref>{{Citation|last=Nair|first=Sreelekha|title=Introduction|date=2020-11-29|url=http://dx.doi.org/10.4324/9781003157953-1|work=Moving with the Times|pages=1–23|publisher=Routledge India|doi=10.4324/9781003157953-1|isbn=978-1-003-15795-3|s2cid=242762346|access-date=2020-12-09}}</ref><ref>{{Cite web|last=Bharadwaj|first=Swati|date=8 December 2020|title="Telangana makes it to aspiring leaders bracket in states startup rankings 2019 - Times of India"|url=https://timesofindia.indiatimes.com/business/india-business/telangana-makes-it-to-aspiring-leaders-bracket-in-states-startup-rankings-2019/articleshow/78066555.cms|access-date=8 December 2020|website=Time Of India}}</ref> | ||
[[Andhra Pradesh]] has allocated a 17,000-sq.ft. Technological Research and Innovation Park as a Research and Development laboratory. It has also created a fund called Initial Innovation Fund of {{INRConvert|100|c}} for entrepreneurs.<ref name="bs">{{Citation |title = PM Modi to launch 'Startup India' campaign today|newspaper = Business Standard India |date = 16 January 2016 |url = http://www.business-standard.com/article/news-ani/pm-modi-to-launch-startup-india-campaign-today-116011600090_1.html }}</ref> | [[Andhra Pradesh]] has allocated a 17,000-sq.ft. Technological Research and Innovation Park as a Research and Development laboratory. It has also created a fund called Initial Innovation Fund of {{INRConvert|100|c}} for entrepreneurs.<ref name="bs">{{Citation |title = PM Modi to launch 'Startup India' campaign today|newspaper = Business Standard India |date = 16 January 2016 |url = http://www.business-standard.com/article/news-ani/pm-modi-to-launch-startup-india-campaign-today-116011600090_1.html }}</ref> | ||
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In order to promote start-ups in [[Odisha]], the state government organised a two-day Start-up Conclave in [[Bhubaneswar]] on 28 November 2016.<ref>{{Cite news|url=http://www.business-standard.com/article/news-ians/odisha-to-organise-start-up-conclave-116100500677_1.html|title=Odisha to organise start-up conclave|last=IANS|date=2016-10-05|newspaper=Business Standard India|access-date=2016-10-20}}</ref><ref>{{Cite news|url=http://timesofindia.indiatimes.com/trend-tracking/Odisha-startup-conclave/articleshow/54713432.cms|title=Odisha to organise startup conclave - Times of India|newspaper=The Times of India|access-date=2016-10-20}}</ref> | In order to promote start-ups in [[Odisha]], the state government organised a two-day Start-up Conclave in [[Bhubaneswar]] on 28 November 2016.<ref>{{Cite news|url=http://www.business-standard.com/article/news-ians/odisha-to-organise-start-up-conclave-116100500677_1.html|title=Odisha to organise start-up conclave|last=IANS|date=2016-10-05|newspaper=Business Standard India|access-date=2016-10-20}}</ref><ref>{{Cite news|url=http://timesofindia.indiatimes.com/trend-tracking/Odisha-startup-conclave/articleshow/54713432.cms|title=Odisha to organise startup conclave - Times of India|newspaper=The Times of India|access-date=2016-10-20}}</ref> | ||
[[Maharashtra]] State Innovation Society (MSInS) presented Maharashtra’s Startup pillars & best practices for the participating states, explaining the journey of building an innovative and entrepreneurial culture in the state. The state officials visited the Society for Innovation and Entrepreneurship (SINE), an umbrella organization at the [[Indian Institutes of Technology|Indian Institute of Technology]] (IIT), Mumbai for fostering entrepreneurship and nurturing tech startups. Field visits to <u>Biomedical Engineering and Technology In Biomedical Incubation Center</u> (BETiC), IIT Mumbai, and Research Innovation Incubation Design Labs (Riidl) were also conducted.<ref name=":0" /> | [[Maharashtra]] State Innovation Society (MSInS) presented Maharashtra’s Startup pillars & best practices for the participating states, explaining the journey of building an innovative and entrepreneurial culture in the state. The state officials visited the Society for Innovation and Entrepreneurship (SINE), an umbrella organization at the [[Indian Institutes of Technology|Indian Institute of Technology]] (IIT), Mumbai for fostering entrepreneurship and nurturing tech startups. Field visits to <u>Biomedical Engineering and Technology In Biomedical Incubation Center</u> ([[BETiC]]), IIT Mumbai, and Research Innovation Incubation Design Labs (Riidl) were also conducted.<ref name=":0" /> | ||
[[Kerala]] Startup Mission, the state nodal agency for supporting technology startups in the state had envisaged and constructed the Technology Innovation Zone which is a 13-acre Startup Campus where multiple sector incubators and accelerators come together with industry participation. The state officials visited the Integrated Startup Complex, BioNest, and InQ Co-Working Space.<ref name=":0">{{Cite web|last=Report|first=national|date=9 September 2020|title=State initiatives|url=https://www.startupindia.gov.in/content/dam/invest-india/compendium/National_Report_09092020-Final.pdf|website=Startup India Government}}</ref> | [[Kerala]] Startup Mission, the state nodal agency for supporting technology startups in the state had envisaged and constructed the Technology Innovation Zone which is a 13-acre Startup Campus where multiple sector incubators and accelerators come together with industry participation. The state officials visited the Integrated Startup Complex, BioNest, and InQ Co-Working Space.<ref name=":0">{{Cite web|last=Report|first=national|date=9 September 2020|title=State initiatives|url=https://www.startupindia.gov.in/content/dam/invest-india/compendium/National_Report_09092020-Final.pdf|website=Startup India Government}}</ref> | ||
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==References== | ==References== | ||
{{ | {{Reflist}} | ||
* {{Cite web|date=11 September 2020|first=Swati|last=Bharadwaj|title=Telangana makes it to aspiring leaders bracket in states startup rankings 2019|url=https://timesofindia.indiatimes.com/business/india-business/telangana-makes-it-to-aspiring-leaders-bracket-in-states-startup-rankings-2019/articleshow/78066555.cms|access-date=2020-12-08|newspaper=The Times of India|language=en}} | * {{Cite web|date=11 September 2020|first=Swati|last=Bharadwaj|title=Telangana makes it to aspiring leaders bracket in states startup rankings 2019|url=https://timesofindia.indiatimes.com/business/india-business/telangana-makes-it-to-aspiring-leaders-bracket-in-states-startup-rankings-2019/articleshow/78066555.cms|access-date=2020-12-08|newspaper=The Times of India|language=en}} | ||
* {{Cite web|date=30 August 2021|first=Guri|last=Singh|title=All you need to know about Startup India Seed fund scheme 2021|url=https://www.quinkpost.com/post/guri_singh/All-you-need-to-know-about-the-Start-India-Seed-fund-scheme-/612dce264f34900016232044 |access-date=2021-08-30|language=en}} | * {{Cite web|date=30 August 2021|first=Guri|last=Singh|title=All you need to know about Startup India Seed fund scheme 2021|url=https://www.quinkpost.com/post/guri_singh/All-you-need-to-know-about-the-Start-India-Seed-fund-scheme-/612dce264f34900016232044 |access-date=2021-08-30|language=en}} | ||
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* {{Cite web|title=About Startup Portal|url=https://www.startupindia.gov.in/content/sih/en/about_startup_portal.html|access-date=2020-12-08|website=www.startupindia.gov.in}} | * {{Cite web|title=About Startup Portal|url=https://www.startupindia.gov.in/content/sih/en/about_startup_portal.html|access-date=2020-12-08|website=www.startupindia.gov.in}} | ||
* https://www.startupindia.gov.in/content/dam/invest-india/Templates/public/Action%20Plan.pdf | * https://www.startupindia.gov.in/content/dam/invest-india/Templates/public/Action%20Plan.pdf | ||
* {{Cite web|title=About Startupindia Partnered service provided by CallerDesk to all startups|url=https://www.startupindia.gov.in/content/sih/en/reources/resource-partners/cloud-telephony-services/callerdesk.html|website=www.startupindia.gov.in}} | |||
{{Government Schemes in India}} | {{Government Schemes in India}} | ||