What's a startup? Awaiting an answer
9 years, 4 months ago

What's a startup? Awaiting an answer

The Hindu  

The word 'startups' made its way explicitly in to the Indian budget lexicon only last year. In order to maintain Bengaluru's edge as the startup capital of India, Karnataka is coming up with incentives for startups in the form of tax-breaks and easy access to venture capital. “Only time will tell whether it will matter.” The previous government in 2011 had announced the >India Inclusive Innovation Fund, headed by telecom czar Sam Pitroda. When the rules are out in January, India will be likely emulating a model followed by countries such as US, Israel and China, where the government is an active supporter of the country's startups with funds and friendly policies The starting point will be something far more basic, though. For the government, all the small firms are ‘startups” including new-age tech companies, small traditional companies as well as millions of self-employed people who are running their business.

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