Budget expected to enhance startup fund
5 years, 6 months ago

Budget expected to enhance startup fund

India Today  

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 the approval of Union Cabinet in June 2016 and is managed by Small Industries Bank of India and contributes to the corpus of Alternate Investment funds for investing in equity and equity linked instruments of various start-ups. "Several studies have also suggested that capital gains tax can have significant economic consequences for individual investors in terms of its lock-in effects and associated deterring incentives to use capital gains into riskier investments," the survey said.

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History of this topic

Policy easing SOE funds for start-ups a welcome move
1 month ago

Policy easing SOE funds for start-ups a welcome move

China Daily  

By ZHANG ZHOUXIANG | China Daily | Updated: 2024-12-04 07:33 A cashier at a bank in Taiyuan, Shanxi province counts renminbi notes. Reports say that the latest move allows State-owned enterprises to establish venture capital funds to invest in start-ups that feature four characteristics, namely early-stage, small-scale, long-term investments and hard technology. Central enterprise venture capital funds could be extended …

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, 2 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, …

Interim Budget enthuses startups with extension of tax expiry exemption by a year
11 months, 1 week ago

Interim Budget enthuses startups with extension of tax expiry exemption by a year

The Hindu  

Although the Interim Budget for 2024-25 did not propose any changes in existing taxation, startups are offered certain tax benefits by way of extension of exemptions. According to the Budget document, certain tax benefits to startups and investments made by sovereign wealth or pension funds as also tax exemption on certain income of some International Financial Services Centre units are …

Boosting funding and innovation is important
1 year, 10 months ago

Boosting funding and innovation is important

Live Mint  

The Budget reflects the sentiment of young India that is confident of its place in the world. The setting up of three centres of excellence for artificial intelligence in top educational institutions, 100 labs in engineering institutions for developing applications using 5G services, and the Agriculture Accelerator Fund in the first Budget presentation of Amrit Kaal is evidence of the …

Over ₹477 crore approved for incubators under Startup India seed fund scheme: Govt
1 year, 11 months ago

Over ₹477 crore approved for incubators under Startup India seed fund scheme: Govt

Live Mint  

New Delhi: Over ₹477 crore, of a ₹945 crore corpus fund, has been approved to incubators under Startup India Seed Fund Scheme as on 31 December 2022, Minister of State for Commerce and Industry Som Parkash said on Friday. 211.63 crore has been disbursed as on 31st December 2022.” Fagship schemes under Startup India--Fund of Funds for Startups, Startup India …

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. …

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 …

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 …

Success rate of startups in India higher than in other countries: Piyush Goyal
2 years ago

Success rate of startups in India higher than in other countries: Piyush Goyal

The Hindu  

The government on Wednesday said that the success rate of startups in India was much higher than in other countries of the world, and the number of startups in the country had increased from 452 in 2016 to 84,012 till November 2022. Though I must say, the success rate of startups in India is relatively higher than the rest of …

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 …

Start-ups anchoring knowledge economy
2 years, 9 months ago

Start-ups anchoring knowledge economy

The Hindu  

When the Kerala Startup Mission set up an Innovation and Entrepreneurship Development Centre at the MES College of Engineering at Kuttipuram in 2015, Vimal Govind and friends, then in their third year, had no plan to become entrepreneurs. If not for the handholding and support by the KSUM, our idea of manhole drain cleaning robotic drone would not have managed …

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 …

Entrepreneur First announces pre-seed investment in 8 Indian tech start-ups
3 years, 9 months ago

Entrepreneur First announces pre-seed investment in 8 Indian tech start-ups

Live Mint  

NEW DELHI: Entrepreneur First, a UK-based global talent investor has announced a total pre-seed investment of $440,000 in eight cutting-edge tech startups from its fourth cohort in India. And the fourth cohort is no different - from smart recruitment for SMEs to AI-driven automated apparel cataloguing to revolutionizing antibody discovery and immersive experiences, these startups show are well poised to …

Govt likely to provide tax incentives for startups in forthcoming Budget to support budding entrepreneurs
5 years ago

Govt likely to provide tax incentives for startups in forthcoming Budget to support budding entrepreneurs

Firstpost  

The Department for Promotion of Industry and Internal Trade has suggested several measures to the finance ministry for startups in the Budget. New Delhi: The government is expected to provide tax incentives to startups in the forthcoming Budget to support the growth of budding entrepreneurs, sources said. The recommendations include extension of tax incentives to incubators supported under Atal Innovation …

Budget 2019: Start-up fund gets special mention, exclusive TV show to begin for start-ups
5 years, 6 months ago

Budget 2019: Start-up fund gets special mention, exclusive TV show to begin for start-ups

India Today  

In a bid to rev up the economy, the government might enhance the Start-Up fund in the Budget 2019-20. About Start-up India programme: 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. "Several studies …

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 2019-20: Nirmala Sitharaman expected to enhance start-up fund; here's what to expect
5 years, 6 months ago

Budget 2019-20: Nirmala Sitharaman expected to enhance start-up fund; here's what to expect

India TV News  

The first budget of Modi 2.0 government will be presented today by Finance Minister Nirmala Sitharaman. Finance Minister Nirmala Sitharaman is expected to make favourable announcements for the enhancement of the fund to Rs 20,000 crore, some highly-placed sources said. The Start-up India programme had created the 'Fund of Funds for Startups ' with a corpus of Rs 10,000 crore …

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 …

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 …

Budget 2019: Key Measures FM Nirmala Sitharaman Should Consider To Boost Startup Ecosystem In India
5 years, 6 months ago

Budget 2019: Key Measures FM Nirmala Sitharaman Should Consider To Boost Startup Ecosystem In India

ABP News  

Budget 2019: Start-ups are disrupting traditional industries like never before and are poised to be one of the key pillars of growth for the economy. Few expectations in this regard are - An ‘exception based’ approach needs to be adopted for applicability of angel tax; Immunity to be granted from angel tax on past tax orders ; Current regulations impose …

Opinion | Startups need to stop looking at funding as ultimate badge of honour
5 years, 9 months ago

Opinion | Startups need to stop looking at funding as ultimate badge of honour

Live Mint  

And they got funded and lived happily ever after…”, this is the glorious startup dream that has launched at least a thousand or more ventures and continues to spur many more. Taking a step back, it’s important to see funding for what it is and separate it from true business potential. It leads founders to take decisions that only help …

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