Budget 2023-24 Expectation: Simplify regulations, availability of funding for small business owners
1 year, 11 months ago

Budget 2023-24 Expectation: Simplify regulations, availability of funding for small business owners

Firstpost  

The Indian startup ecosystem has progressively matured in recent years owing to an overwhelming number of angels, venture capital funds, incubators, and accelerators, as well as government interventions such as Digital India and Startup India, which have accelerated the startup and investment activity across cities and new market segments. Here is what startups and investors expect from the union budget 2023: Make investment attractive for investors Easy access to financing is critical for business owners in the early stages of startup growth. Investors would also like to see a suppression in Capital Gain Tax for unlisted investments in the upcoming Union Budget to help motivate angel investors and venture capitalists to hold on to their investments for longer in order to promote wealth creation and startup progression. However, the urgency of the hour is to raise awareness of government policy measures and incentives, increase credit disbursement to priority sectors, promote outreach and network benefits to Tier-II and III cities, and simplify funding and tax breaks for foreign and domestic investors so that budding entrepreneurs in India have enough fuel to achieve greatness.

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History of this topic

Public procurements may come with startup quotas
1 month, 1 week ago

Public procurements may come with startup quotas

Live Mint  

Top central ministries are discussing a proposal that may mandate public sector units to purchase 10% of their requirements from startups, two people aware of the development said. Some of India's ongoing efforts to encourage startups sector include the Startup India seed fund initiative and Atal Innovation Mission. This initiative not only provides a platform for startups to showcase innovative …

Large Companies and Startups Join Forces to Stay Close to the Startup Ecosystem
2 months, 3 weeks ago

Large Companies and Startups Join Forces to Stay Close to the Startup Ecosystem

Live Mint  

Large companies and late-stage tech companies are increasingly establishing in-house accelerators and incubators to stay close to the startup ecosystem. This trend is driven by the need to maintain agility and fend off competition from startups that are gaining traction in the market. India Inc. has also launched several sector-specific programs to support startups in areas such as climate change, …

India marks 1.4 lakh registered startups, Maharashtra tops list followed by Karnataka, Delhi
5 months, 2 weeks ago

India marks 1.4 lakh registered startups, Maharashtra tops list followed by Karnataka, Delhi

New Indian Express  

NEW DELHI: The number of startups in India has increased to more than 1.4 lakh, highlighted Union Minister of State for Commerce and Industry, Jitin Prasada, in Rajya Sabha. He stated that the Government, to build a strong ecosystem for nurturing innovation, startups, and encouraging investments in the startup ecosystem of the country, launched the Startup India initiative on January …

Karnataka govt. offered ₹60 crore funding to 263 start-ups
5 months, 2 weeks ago

Karnataka govt. offered ₹60 crore funding to 263 start-ups

The Hindu  

As many as 263 start-ups were offered funding of over ₹60 crore by the Department of Information Technology and Biotechnology of Karnataka in 2022 and 2023, according to a report released here on Wednesday. According to the report, among the 263 winners, women entrepreneurs lead 47 start-ups, and 119 start-ups are from tier II and III cities in the State, …

Budget 2024 Highlights: FM disappoints investors, rewards (some) taxpayers
5 months, 2 weeks ago

Budget 2024 Highlights: FM disappoints investors, rewards (some) taxpayers

Hindustan Times  

July 23, 2024 9:02 PM IST Budget 2024 LIVE Updates: Supriya Paul, CEO & Co- Founder, Josh Talks, said, “The Union Budget 2024-25 represents a significant stride towards Bharat's development. The allocation of ₹1.48 lakh crore towards education, employment, and skills development is a substantial investment. By enhancing the quality of education and training, we are equipping our youth with …

Budget 2024 Expectations: Will Nirmala Sitharaman announce tax relief?
5 months, 3 weeks ago

Budget 2024 Expectations: Will Nirmala Sitharaman announce tax relief?

Hindustan Times  

July 19, 2024 11:59 AM IST Budget 2024 Expectations Live Updates: Rajat Agrawal - CEO - Barista Coffee, said, “The Indian retail sector stands at a critical juncture, seeking support from the Govt on various counts which renews consumer confidence. Tax Cuts: Planned Reduction in individual income tax rates, especially for middle-income earners, could boost disposable incomes and drive spending. …

Commerce Ministry To Likely Propose More Funds To Boost Start-up Culture In Next Budget
7 months ago

Commerce Ministry To Likely Propose More Funds To Boost Start-up Culture In Next Budget

ABP News  

The Commerce and Industry Ministry could be looking for more funds for start-ups in the upcoming Budget, an official said. Announced in April 2021 with a corpus of Rs 945 crore, the fund was launched to help provide financial assistance to new businesses for proof of concept, prototype development, product trials, commercialisation, and market entry. According to a report by …

India’s startup growth to pave way to developed nation by 2047: PM Modi
9 months, 3 weeks ago

India’s startup growth to pave way to developed nation by 2047: PM Modi

Live Mint  

India has emerged as the world's third-largest startup ecosystem, a development that Prime Minister Narendra Modi believes will chart the country's course towards becoming a developed nation by 2047. In the field of Intellectual Property Rights, India is moving towards becoming the leading country among the top countries.” The Startup Mahakumbh was organized in collaboration with various entities, including Assocham, …

NSRCEL IIM Bangalore and SIDBI launch pre-seed deep tech accelerator fund for start-ups in deep tech and emerging businesses area
11 months, 1 week ago

NSRCEL IIM Bangalore and SIDBI launch pre-seed deep tech accelerator fund for start-ups in deep tech and emerging businesses area

The Hindu  

IIM Bangalore’s NSRCEL and SIDBI have collaborated to establish a pre-seed fund, specifically for start-ups in the deep tech and emerging businesses area. Over the past twenty years, NSRCEL has been supporting early-stage ventures in India, incubating more than 1600 start-ups and mentoring many more. With this initiative, NSRCEL is not only marking its dedication to supporting start-ups but also …

National Startup Day: Visionaries speak on new ventures’ role in driving growth
11 months, 3 weeks ago

National Startup Day: Visionaries speak on new ventures’ role in driving growth

Live Mint  

National Startup Day: In recent years, Indian startups have experienced extraordinary growth, propelling the country to the position of the third-largest startup ecosystem globally. Celebrating National Startup Day on January 16, key figures in the startup ecosystem shared insights on the crucial role the new ventures played in shaping India's future. India recorded over 112,718 DPIIT-recognised startups spanning 763 districts …

Indian space industry's meteoric rise in 2023 sets stage for stellar 2024
1 year ago

Indian space industry's meteoric rise in 2023 sets stage for stellar 2024

India Today  

2023 was a marvelous year for the Indian Space Industry with the successful launch of Chandrayaan-3 and the Aditya-L1, India’s first solar mission. Indian space startups have become a strong pillar for the private space industry in the last decade, especially after the landmark decision to open the Indian space sector to private companies by Prime Minister Narendra Modi in …

Budget 2024: What startup entrepreneurs expect from FM Sitharaman's interim Budget
1 year ago

Budget 2024: What startup entrepreneurs expect from FM Sitharaman's interim Budget

Live Mint  

Budget 2024: India has emerged as the third largest ecosystem for startups globally with over 116,679 recognized ventures across the country. {{^adFree}} {{/adFree}} India has emerged as the third largest ecosystem for startups globally with more than 1,16,679 DPIIT-recognized ventures across the country, according to data available on the Startup India portal. “This will be the first budget after the …

2023 in review: For Indian tech startups, an unrelenting funding winter
1 year ago

2023 in review: For Indian tech startups, an unrelenting funding winter

Live Mint  

The Indian tech startup ecosystem continued to grapple with a funding slowdown in 2023. Slowdown bites Total funding received by Indian tech startups declined by 72% in 2023. Shifting order With a total funding of less than $10 billion received for tech startups this year, India has slipped one notch to fourth place among the highest-funded tech startup geographies globally …

Indian startup funding shrinks by 73% in 2023. What model companies can adopt now?
1 year, 1 month ago

Indian startup funding shrinks by 73% in 2023. What model companies can adopt now?

Live Mint  

Indian startups have reported around 73% decline in funding this year as compared to 2022. In India, startup funding has declined to a five-year low figure in 2023 — $7 billion as compared to $25 billion received in the previous year, a nearly 73% decline from funding recorded in 2022 amid a worsening global macroeconomic environment tossed by geopolitical tensions. …

The Art Of A Good Unicorn| Unwrapping the prolonged funding winter
1 year, 5 months ago

The Art Of A Good Unicorn| Unwrapping the prolonged funding winter

Hindustan Times  

Once dominated by unicorns, the Indian startup scene is now grappling with a prolonged funding winter, stricter diligence on fresh investments and down rounds if the latest deal data is anything to go by. Despite the significant dry powder earmarked for Indian start-ups, the ecosystem reported the lowest six-month funding trends in the last four years during H1 CY23 at …

Starting your own business? These govt schemes can support your startup in India
1 year, 7 months ago

Starting your own business? These govt schemes can support your startup in India

Live Mint  

In this era of startups, India is leading the world as the country has created a robust ecosystem for businesses and entrepreneurs. List of schemes launched to help Indian startups 1) Multiplier Grant Scheme: The Department of Electronics and Information Technology initiated the Multiplier Grant Scheme to empower collaborative research and development among industries which helps to boost the growth …

Satish Reddy | The tech-driven, growth-centric Budget offers a futuristic vision
1 year, 10 months ago

Satish Reddy | The tech-driven, growth-centric Budget offers a futuristic vision

Deccan Chronicle  

The technology-driven Rs 45 trillion spending Budget 2023-24 includes a futuristic “Amrit Kaal” for women, youth, members of the marginalised communities, productivity improvements, energy transition, climate action, investment finance, and major public sector investments in infrastructure led by the Prime Minister’s Gati Shakti. CII has established Intellectual Property Rights facilitation centres in different parts of the country to help SMEs …

Budget 2023: Towards a Prosperous and Digitally Empowered India - News18
1 year, 11 months ago

Budget 2023: Towards a Prosperous and Digitally Empowered India - News18

News 18  

At the onset of the Union Budget 2023 speech, Finance Minister Nirmala Sitharaman mentioned that India remains one of the world’s fastest-growing economies, despite global headwinds. One aspect that particularly came across in the budget announcements was the government’s commitment to building a tech and knowledge-focused economy, which will be a key driver in India’s growth story in the years …

No funding winter, funding always waiting to see more innovative startups: Nirmala Sitharaman to Network18
1 year, 11 months ago

No funding winter, funding always waiting to see more innovative startups: Nirmala Sitharaman to Network18

Firstpost  

Finance Minister Nirmala Sitharaman said, ‘The major push for startups happened in 2016 when the honourable Prime Minister announced a policy. And subsequently year after year giving concessions’ New Delhi: Union Finance Minister Nirmala Sitharaman on Friday said that funds are waiting to see more innovative startups from India and assured that there is no scarcity of funding. In an …

Budget 2023: Centre's vision for 'Amrit Kaal' is a technology-driven, knowledge-based economy
1 year, 11 months ago

Budget 2023: Centre's vision for 'Amrit Kaal' is a technology-driven, knowledge-based economy

Firstpost  

With emphasis on AI, 5G and technology and a focus on Green Growth, the Union Budget 2023-24 has emphasised on creating opportunities with sustainability. This is a very forward-looking budget and will most certainly help key stakeholders utilise opportunities for higher growth Finance Minister Nirmala Sitharaman presented a blueprint for an improved economy and reiterated her intention to bring the …

Morning Digest: February 2, 2023
1 year, 11 months ago

Morning Digest: February 2, 2023

The Hindu  

Jobs get highest mention in last Budget before elections In a bid to soothe several votebanks before the 2024 polls, the FM promises tax relief for the salaried middle class, schemes for artisans and tribal groups, sops for women and MSMEs, and jobs for youth. Defence budget up by 13%; hike in allocation for pension The Union Budget presented in …

From Ease Of Doing Business To Tax Benefits And Setting Up Fund, Start-ups Laud Budget 2023
1 year, 11 months ago

From Ease Of Doing Business To Tax Benefits And Setting Up Fund, Start-ups Laud Budget 2023

ABP News  

Finance Minister Nirmala Sitharaman on Wednesday presented the last full Budget of Modi 2.0 government ahead of the next Lok Sabha elections in 2024. The several initiatives announced for start-ups in Budget 2023 augur well for the growth of the vibrant start-up ecosystem in India besides promoting entrepreneurship and job creation. "The extension of incorporation date for tax exemption would …

Budget 2023 | Government extends support measures for start-ups
1 year, 11 months ago

Budget 2023 | Government extends support measures for start-ups

The Hindu  

Asserting the importance of entrepreneurship for the economic development of the country, Finance Minister Nirmala Sitharaman on Wednesday proposed to extend the period of incorporation for income tax benefits to eligible start-ups by one more year till March 31, 2024. India is now the third-largest ecosystem for start-ups globally and ranks second in innovation and quality among middle-income countries,” Ms. …

Citizens\' expectations of the budget
1 year, 11 months ago

Citizens\' expectations of the budget

Deccan Chronicle  

With Union finance minister Nirmala Sitharaman all set to present the Budget on Wednesday, experts speak of their expectations. With India preparing to increase its spending towards the public health expenditure sector to 2.5 per cent of GDP by 2025, this sector can see a record increase. Nabhan Mahmood, real estate businessman Our recommendations to the ministry of finance include …

Budget 2023: Tax exemptions, subsidies, and other financial support needed to support crypto sector
1 year, 11 months ago

Budget 2023: Tax exemptions, subsidies, and other financial support needed to support crypto sector

Firstpost  

The crypto sector in India needs urgent support from regulators to create a business-friendly environment for the growth of blockchain companies. Allow investors to offset, carry forward losses To provide a fair playing field for crypto assets, allowing crypto investors to offset and carry forward their losses, as well as raising the TDS exemption limit to a reasonable level, would …

Budget 2023 Expectations: Foster tie-ups between government and stakeholders to support startups
1 year, 11 months ago

Budget 2023 Expectations: Foster tie-ups between government and stakeholders to support startups

Firstpost  

The Indian startup ecosystem has been witnessing an unprecedented boom in the last few years with new businesses emerging in a multitude of sectors. As a result, this year’s Union Budget 2023 is being closely watched by many startups, as they seek measures to support them in overcoming these difficult times. To ensure effective regulation of the rapidly developing startup …

Budget 2023 Expectations: Startups seek efforts to foster innovation and digitisation
1 year, 11 months ago

Budget 2023 Expectations: Startups seek efforts to foster innovation and digitisation

Firstpost  

The year gone by would be remembered as a marquee year for the technology space, especially smart wearables, from an innovation and adoption standpoint in India. Attention to diversifying the vast pool of Indian talent will also help create new cutting-edge differentiation in the startup sector, enabling India to take center stage in the global ecosystem. Creating an ecosystem for …

US venture capitalists hope Budget 2023 supports growth, startup ecosystem
1 year, 11 months ago

US venture capitalists hope Budget 2023 supports growth, startup ecosystem

Business Standard  

US venture capital firms investing in India are expecting the Union Budget 2023 to support the growth and development of the startup ecosystem in the country, according to a top investor. As a US-based venture capital firm investing in India, we are keenly interested in policies and initiatives that will support the growth and development of the startup ecosystem in …

Budget 2023: From Tax Relaxation And Funding To Boost Digital Ecosystem. Know Start-Up Wishlist
1 year, 11 months ago

Budget 2023: From Tax Relaxation And Funding To Boost Digital Ecosystem. Know Start-Up Wishlist

ABP News  

India is home to the world’s third-largest start-up ecosystem after the US and China. "We are expecting additional tax benefits and lower tax rates and extending the scope of employee stock ownership plan taxation reforms to start-ups," said Lalit Arora, co-founder, VingaJoy, a firm that deals with consumer electronics. Shilpa Bhatia, founder, The Clothing Rental, an e-commerce portal said, “The …

How Budget 2023 can help Indian Startups: Top 5 expectations
1 year, 11 months ago

How Budget 2023 can help Indian Startups: Top 5 expectations

India TV News  

Budget 2023 Expectations: India is emerging as one of the strongest business environments in the world, and our entrepreneurial spirit is one of our greatest strengths. Among the few expectations and viewpoint that industry professionals put forth from the budget include: As per Ridhima Kansal, Director, Rosemoore, “The Indian start-up ecosystem is no more just a peripheral entity but is …

Budget 2023: Industry Pins Hopes On Increased Govt Funding And Support For Online Initiatives
2 years ago

Budget 2023: Industry Pins Hopes On Increased Govt Funding And Support For Online Initiatives

ABP News  

Union Finance Minister Nirmala Sitharaman is expected to present the Union Budget 2022-23 on February 1, 2022. Hence, a natural expectation for most of India's population from Budget 2023 is to see a range of positive income tax changes to support households who have been hit by rising costs. There is palpable anticipation around the upcoming Budget 2023, which must …

Sustainable funding and the Indian start-up ecosystem
2 years, 1 month ago

Sustainable funding and the Indian start-up ecosystem

Hindustan Times  

India saw a staggering jump of 15,400% in the number of start-ups in just six years, going from 471 in 2016 to 72,993 in 2022. Despite the advancements made, India's businesses still face enormous obstacles that must be overcome if India is to become the world's leading start-up destination. The start-up ecosystem needs to create solutions that help companies in …

India witnesses a massive 15,400% rise in startups in last 6 years
2 years, 5 months ago

India witnesses a massive 15,400% rise in startups in last 6 years

Live Mint  

India registered a whopping rise of 15,400% in the number of startups that rose from from 471 in 2016 to 72,993 as on 30th June 2022. In a written reply to a question in the Rajya Sabha, Union Minster of State for Commerce and Industry Som Prakash stated that the Startup India initiative was launched in 2016 with the objective …

Startup Funding Declines 33% Quarterly To $6.9 billion During April-June 2022
2 years, 6 months ago

Startup Funding Declines 33% Quarterly To $6.9 billion During April-June 2022

News 18  

Indian startups raised $6.9 billion in 409 funding rounds during April-June 2022, which was down by 33 per cent as compared with $10.3 billion mopped up in the previous quarter. Through this report, we aim to give industry stakeholders key insights into the ecosystem that would help in business decision making backed by extensive market intelligence and thorough research and …

Budget 2022 is going to put India into a higher growth trajectory: Ranjit Jha
2 years, 9 months ago

Budget 2022 is going to put India into a higher growth trajectory: Ranjit Jha

Deccan Chronicle  

Rurash’s founder CEO Ranjit Jha feels positive about Budget 2022 and says “It’s a growth-focused budget.” The fintech enthusiast is already on the lookout for sunrise opportunities and is hopeful that the “objective” of increasing investment levels will put India onto a higher growth trajectory. When we asked for a hint of the sunrise opportunities, he told us, “AI, geospatial …

Budget 2022: Incentivise tech adoption among small and medium businesses
2 years, 11 months ago

Budget 2022: Incentivise tech adoption among small and medium businesses

Firstpost  

Union Budget 2022-23: Govt should also look at doing away with mandatory GST registration for businesses with a turnover of less than Rs 40 lakh The Small and Medium Business sector is among the most important sectors of the economy. Incentivise tech adoption among SMBs The Budget presents a good opportunity for the government to incentivise tech adoption among SMBs. …

Union Budget 2022: What start-up companies and MSME sector are expecting this year
2 years, 11 months ago

Union Budget 2022: What start-up companies and MSME sector are expecting this year

Firstpost  

The pandemic disrupted the world and life as we knew it, changed. As we get closer to the announcement of the government’s financial budget for the nation, I would like to highlight my expectations for the start-up environment and the MSME sector which is the medium-sized enterprises and how the government could focus on the taxation, funding or enabling cash …

Budget 2022: GST Cut, Incentives Likely for Startups and MSMEs? What Analysts Say
2 years, 11 months ago

Budget 2022: GST Cut, Incentives Likely for Startups and MSMEs? What Analysts Say

News 18  

Budget 2022 Expectations: Prime Minister Narendra Modi had earlier this month dedicated a special day for startups, to celebrate them and their success in taking India to new global heights. “In an effort to continue the economic growth of the country, we hope the Government will lower the interest rates and make higher capital availability to MSMEs as they are …

PM Modi to Interact with Over 150 Startups Today Ahead of Budget 2022; What to Expect
2 years, 11 months ago

PM Modi to Interact with Over 150 Startups Today Ahead of Budget 2022; What to Expect

News 18  

PM Modi’s Interaction with Startups: Prime Minister Narendra Modi, in a bid to understand the contribution of startups towards the country, is set to interact with more than 150 startups across various sectors. Startups from various sectors including enterprise systems, space, industry 4.0, security, fintech, environment and others will be part of this interaction, the PMO has said in its …

Central Govt Announces First-Ever Startup India 'Innovation Week'
3 years ago

Central Govt Announces First-Ever Startup India 'Innovation Week'

News 18  

The Centre will organise the first-ever Startup India “Innovation Week” from Monday to bring together the country’s key startups, entrepreneurs, investors, incubators, funding entities, banks, policymakers, etc under one platform to celebrate entrepreneurship and promote innovation, and to showcase the spread and depth of entrepreneurship across India, an official statement said. According to the Commerce and Industry Ministry statement, the …

Planning a startup? Check these 5 seed stage incubation programmes in India
3 years, 8 months ago

Planning a startup? Check these 5 seed stage incubation programmes in India

India Today  

Some of the world’s most successful startups in India have been backed up by Startups Incubators. IAMAI Industry body IAMAI has launched the country's first virtual incubator for short and mid-term needs of technology-related startups arising amid the global pandemic situation. The primary function of the virtual incubator is to address the needs of the start-ups located outside the major …

Budget 2020: As India sees slowest economic growth in 11 years, here's what startups need to flourish
4 years, 11 months ago

Budget 2020: As India sees slowest economic growth in 11 years, here's what startups need to flourish

Firstpost  

In 2014, PM Modi launched Startup India and Funds of Fund for the newest sector of the economy but that is not enough. Last year, the government gave the startup community more clarity on angel tax but like in the first term, NDA 2.0, too, is not paying enough attention to startups. Soon after he took over as the prime …

Budget 2020: Startup sector needs relevant reforms, right support and opportunities to play crucial role in India's growth
4 years, 11 months ago

Budget 2020: Startup sector needs relevant reforms, right support and opportunities to play crucial role in India's growth

Firstpost  

To reduce startup ‘infant mortality’ and encourage angel investments, risk-taking, creation of jobs, it is hoped the government will allow for tax exemption for amounts invested in accredited startups. The government has acknowledged that the startup sector has a significant role to play in achieving its projected target of transforming India into a $5 trillion economy by 2025. To reduce …

Budget 2019 | For startups, the angel is in the details
5 years, 6 months ago

Budget 2019 | For startups, the angel is in the details

Live Mint  

Saket Modi faced a hard choice: Pitch for lucrative government contracts, or pass on the opportunity. “If the budget stipulated that every department has to use 2-3% of its allocation to send work to startups registered with the Department of Industrial Policy and Promotion, it could be game-changing,” said Modi, whose company is backed by Cisco chairman emeritus John Chambers …

Budget expected to enhance start-up fund
5 years, 6 months ago

Budget expected to enhance start-up fund

India TV News  

In a bid to rev up the economy, the government might enhance the Start-Up fund in the Budget 2019-20. The Start-up India programme had created the 'Fund of Funds for Startups ' with a corpus of Rs 10,000 crore to provide support for Start-ups, over a period of XIV and XV Finance commission cycles. The Fund was set up with …

Budget 2019: With focus on innovation, India's IT startups call for higher tax incentives
5 years, 6 months ago

Budget 2019: With focus on innovation, India's IT startups call for higher tax incentives

India Today  

At a time when there has been a slowdown in growth, India's information technology sector has requested the government to focus on boosting innovation in services. "Now is the time for the Indian IT industry to shift focus from services, people and process related approach to new innovative technologies like Machine Learning, AI and Cloud Computing," he said. "World's leading …

Union Budget 2019-20: Startups want angel tax to be abolished, corporate tax to be reduced, make capital more accessible
5 years, 6 months ago

Union Budget 2019-20: Startups want angel tax to be abolished, corporate tax to be reduced, make capital more accessible

Firstpost  

In the Narendra Modi government 2.0’s first Union Budget, startups have a slew of expectations. Although last year’s Union Budget was a setback to India’s promising Hospitality and Tourism industry, this year we are expecting more attention on this sector, favorable policies, fund allotments for startups and better tax reforms. Gautam Raj Anand, Founder and CEO, Hubhopper, podcasting and AOD …

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