startup india

 An initiative by our honorable
Prime Minister Mr.Narendra Modi
to create a great environment for
startups in India.

Content
 Introduction
 Definition of a Startup India
 Why Startup India
 Startup Ecosystem
 Startup India, Standup India Scheme - Action Plan in Detail
 How to register for a Startup India Program
 Startup Finance – Biggest questions facing Startups
 Best Indian cities for Startups to flourish
 India Startup Report – 18th Oct 2016
 Most profitable type of small businesses and their Net Profit Margins
 7 Memorandum of Understandings
 Startups that are changing the face of virtual reality in India
 Analysis
 Conclusion
 References

INTRODUCTION
• Startup India is a revolution scheme that has been started to
help the people, who want to start their own business.
• These people have ideas and capability so government will
give them support to make sure they can implement their
idea & grow.
• The campaign was first announced by Prime Minister Modi in
his 15 August 2015 address from the Red Fort.
• Success of this scheme will eventually make India, a better
economy and a strong nation.

Startup India Definition
First of all we have to understand about Govt Startup
Definition.
Any Legal entity will be identified as a startup.
 Registered or incorporated not prior to 5 years.
 If its turnover does not exceed 25 crores in the last
five financial years.
 It is working towards innovation, development,
deployment and commercialization of new
products, processes, or services driven by
technology or intellectual property.

Important to note following points:
 Provided that such entity is not formed by splitting up or
reconstruction, of a business already in existence.
 Provided also that an entity shall cease to be a Start-up if
its turnover for the previous financial years has exceeded
INR 25 crore or it has completed 5 years from the date of
incorporation/ registration.
 Provided further that a Startup shall be eligible for tax
benefits only after it has obtained certification from the
Inter-Ministerial Board, setup for such purpose.

Which Legal Entity is Eligible for Startup India
 The entity is registered under Companies Act, 2013
 It is registered under section 59 of Partnership Act
1932, as a partnership firm
 Or registered under Limited Liability Partnership
Act, 2002, as a limited liability partnership firm

What is Inter Ministerial Board
In order to obtain tax benefits, one has to obtain a
certificate from the Inter-Ministerial Board of
certification. The board consists of the following:
 Joint Secretary, Department of Industrial
Policy and Promotion.
 Representative of Department of Science and
Technology.
 Representative of Department of
Biotechnology.

“Startup” to be considered eligible,
the Startup should
 Be supported by an incubator which is funded (in relation
to the project) from Government Of India(GOI) as part of
any specified scheme to promote innovation; or
 Be supported by a recommendation (with regard to
innovative nature of business), in a format specified by
DIPP, from an Incubator recognized by GOI; or
 Be funded by GOI as part of any specified scheme to
promote innovation; or
 Have a patent granted by the Indian Patent and Trademark
Office in areas affiliated with the nature of business being
promoted.

Quick analysis of the eligibility
criteria

What is startup ?
Startup means an entity, incorporated or registered in India not prior to five years, with
annual turnover not exceeding INR 25 crore in any preceding financial year, working
towards innovation, development, deployment or commercialization of new products,
processes or services driven by technology or intellectual property.
Provided that such entity is not formed by splitting up, or reconstruction, of a business
already in existence.
Provided also that an entity shall cease to be a Startup if its turnover for the previous
financial years has exceeded INR 25 crore or it has completed 5 years from the date of
incorporation/ registration.
Provided further that a Startup shall be eligible for tax benefits only after it has obtained
certification from the Inter-Ministerial Board, setup for such purpose.

Why Startup India?
 To Boost up/ promote Startup/ Entrepreneurship
 To Boost up Banking Sector/ Finance
 To Limit State Policy Dependency for New Businesses
 To promote ST/SC – Women Entrepreneurship
 Core objective is to generate maximum Employment
 Encourage the people who have the potential to innovate and
start their own business.

Problems faced by Startups
• Planning
• Execution
• Customer acquisition & retention
• Fundraising
• Human Resources

• Indian govt. in the leadership of Narendra Modi has decided
to offer a gift as a wise programme “startup india”

Prime Minister Narendra Modi with Finance Minister Arun Jaitley and Commerce and
Industry Minister Nirmala Sitharaman launching the “Startup India” action plan at Vigyan
Bhawan in New Delhi on Saturday (16 JAN 2016).
LAUNCHING:-

Prime Minister Narendra Modi has kicked off the ambitious Startup India Movement.
The government programme aims to fill gaps in the economy for the growth and
development of startups and will aim to boost digital entrepreneurship at the grassroots.
The government is expected to earmark around Rs 2,000 crore for the initiative.

 Objective is to reduce the regulatory burden on Startups thereby allowing them to focus
on their core business and keep compliance cost low.
 Regulatory formalities requiring compliance with various labour and environment laws
are time consuming and difficult in nature. Often, new and small firms are unaware of
nuances of the issues and can be subjected to intrusive action by regulatory agencies.
 In order to make compliance for Startups friendly and flexible, simplifications are
required in the regulatory regime.
 Startups shall be allowed to self-certify compliance (through the Startup mobile app)
with 9 labour and environment laws.
 In case of the labour laws, no inspections will be conducted for a period of 3 years.
 In case of environment laws, only random checks would be carried out.
1. Compliance regime based on self certification
Startup India: 19 key points of PM Modi's action plan

2. Startup India hub
A startup India hub will be created as a single point of contact for the entire startup
ecosystem to enable knowledge exchange and access to funding.
The “Startup India Hub” will be a key stakeholder in this vibrant ecosystem and will:
• Work in a hub and spoke model and collaborate with Central & State governments,
Indian and foreign VCs, angel networks, banks, incubators, legal partners, consultants,
universities and R&D Institutions.
• Assist Startups through their lifecycle with specific focus on important aspects like
obtaining financing, feasibility testing, business structuring advisory, enhancement of
marketing skills, technology commercialization and management evaluation.
• Organize mentorship programs in collaboration with government organizations,
incubation centers, educational institutions and private organizations who aspire to
foster innovation.

3. Simplifying the startup process
A startup will be to able to set up by just filling up a short form through a mobile app
and online portal. A mobile app will be launched on April 1 through which startups can
be registered in a day. There will also be a portal for clearances, approvals and
registrations.
Towards these efforts, the Government shall introduce a Mobile App to provide on-the-
go accessibility for:
• Registering Startups with relevant agencies of the Government. A simple form shall
be made available for the same. The Mobile App shall have backend integration with
Ministry of Corporate Affairs and Registrar of Firms for seamless information
exchange and processing of the registration application.
• Tracking the status of the registration application and anytime downloading of the
registration certificate. A digital version of the final registration certificate shall be
made available for downloading through the Mobile App.
• Filing for compliances and obtaining information on various clearances/ approvals/
registrations Required.

4. Patent protection
The government is also working on a legal support for fast-tracking patent examination at
lower costs. It will promote awareness and adoption of Intellectual Property Rights (IPRs) by
startups and help them protect and commercialize IPRs.
Various measures being taken in this regard include:
• Fast-tracking of Startup patent applications: The valuation of any innovation goes up
immensely, once it gets the protective cover of a patent. To this end, the patent application of
Startups shall be fast-tracked for examination and disposal, so that they can realize the value
of their IPRs at the earliest possible.
• Government to bear facilitation cost: Under this scheme, the Central Government shall
bear the entire fees of the facilitators for any number of patents, trademarks or designs that a
Startup may file, and the Startups shall bear the cost of only the statutory fees payable.
• Rebate on filing of application: Startups shall be provided an 80% rebate in filing of
patents vis-à-vis other companies. This will help them pare costs in the crucial formative
years.
The scheme is being launched initially on a pilot basis for 1 year, based on the experience
gained, further steps shall be taken.

5. Funds of funds with a corpus of Rs 10,000 crore
In order to provide funding support to startups, the government will set up a
fund with an initial corpus of Rs 2,500 crore and a total corpus of Rs 10,000
crore over four years. The fund would be managed by private professionals
drawn from the industry while LIC will be a co-investor in the fund.
The Fund of Funds shall contribute to a maximum of 50% of the stated daughter
fund size. In order to be able to receive the contribution, the daughter fund
should have already raised the balance 50% or more of the stated fund size as
the case maybe.
6. Credit Guarantee Fund
A National Credit Guarantee Trust Company is being envisaged with a
budgetary allocation of Rs 500 crore per year for the next four years.
7. Exemption from Capital Gains Tax
Currently, investments by venture capital funds in startups are exempt from this
law. Now, the same is being extended to investments made by incubators in
startups.

8. Tax exemption for startups
Income tax exemption to startups announced for three years.
Innovation is the essence of every Startup. Young minds kindle new ideas every
day to think beyond conventional strategies of the existing corporate world.
During the initial years, budding entrepreneurs struggle to evaluate the
feasibility of their business idea. Significant capital investment is made in
embracing ever-changing technology, fighting rising competition and navigating
through the unique challenges arising from their venture.
With a view to stimulate the development of Startups in India and provide them
a competitive platform, it is imperative that the profits of Startup initiatives are
exempted from income-tax for a period of 3 years. This fiscal exemption shall
facilitate growth of business and meet the working capital requirements during
the initial years of operations. The exemption shall be available subject to non-
distribution of dividend by the Startup.

9. Tax exemption on investments above Fair Market Value
Under The Income Tax Act, 1961, where a Startup (company) receives any
consideration for issue of shares which exceeds the Fair Market Value (FMV) of such
shares, such excess consideration is taxable in the hands of recipient as Income from
Other Sources.
In the context of Startups, where the idea is at a conceptualization or development
stage, it is often difficult to determine the FMV of such shares. In majority of the
cases, FMV is also significantly lower than the value at which the capital investment
is made. This results into the tax being levied under section 56(2) (viib).

10. Startup fests
Innovation core programs for students in 5 lakh schools. There will also be an annual
incubator grand challenge to create world class incubators.
As part of “Make in India” initiative, Government proposes to:
• Hold one fest at the national level annually to enable all the stakeholders of Startup
ecosystem to come together on one platform.
• Hold one fest at the international level annually in an international city known for its
Startup ecosystem.
11. Launch of Atal Innovation Mission
Atal Innovation Mission started to give an impetus to innovation and encourage the talent
among the people.
The Atal Innovation Mission (AIM) shall have two core functions:
• Entrepreneurship promotion through Self-Employment and Talent Utilization (SETU),
wherein innovators would be supported and mentored to become successful entrepreneurs.
• Innovation promotion: to provide a platform where innovative ideas are generated.

12. Building Innovation Centres at National Institutes
In order to augment the incubation and R&D efforts in the country, the
Government will set up/ scale up 31 centres (to provide facilities for over 1,200
new Startups) of innovation and entrepreneurship at national institutes, including:
• Setting-up 13 Startup centres: Annual funding support of INR 50 lakhs (shared
50:50 by DST and MHRD) shall be provided for three years for encouraging
student driven Startups from the host institute.
• Setting-up/ Scaling-up 18 Technology Business Incubators (TBIs) at
NITs/IITs/IIMs etc. as per funding model of DST with MHRD providing smooth
approvals for TBI to have separate society and built up space.

13. New Research Parks
 The Government shall set up 7 new Research Parks in
institutes indicated below with an initial investment of INR
100 crore each. The Research Parks shall be modeled based on
the Research Park setup at IIT Madras.
Research Parks
 IISc Bangalore
 IIT Gandhinagar
 IIT Delhi
 IIT Guwahati
 IIT Hyderabad
 IIT Kanpur
 IIT Kharagpur

14. Promote entrepreneurship in biotechnology
Five new bio clusters, 50 new bio incubators, 150 technology transfer offices and
20 bio connect offices will be established.
The Biotechnology sector in India is on a strong, growth trajectory. Department of
Biotechnology endeavors to scale up the number of Startups in the sector by
nurturing approximately 300-500 new Startups each year to have around 2,000
Startups by 2020. In order to promote Startups in the sector, The Department of
Biotechnology shall be implementing the following measures along with its
Public Sector Undertaking Biotechnology Research Assistance Council (BIRAC):
Bio-incubators, Seed Fund and Equity Funding:
• 5 new Bio-clusters, 50 new Bio-Incubators, 150 technology transfer offices and
20 Bio-Connect offices will be set up in research institutes and universities across
India.
• Biotech Equity Fund – BIRAC AcE Fund in partnership with National and
Global Equity Funds (Bharat Fund, India Aspiration Fund amongst others) will
provide financial assistance to young Biotech Startups.

15. Faster exits for startups
Given the innovative nature of Startups, a significant percentage fail to succeed.
In the event of a business failure, it is critical to reallocate capital and resources
to more productive avenues and accordingly a swift and simple process has
been proposed for Startups to wind-up operations. This will promote
entrepreneurs to experiment with new and innovative ideas, without having the
fear of facing a complex and long-drawn exit process where their capital remain
interminably stuck. The Insolvency and Bankruptcy Bill 2015 (“IBB”), tabled in
the Lok Sabha in December 2015 has provisions for the fast track and / or
voluntary closure of businesses.

16. Harnessing Private Sector Expertise for Incubator Setup
To ensure professional management of Government sponsored / funded
incubators, Government will create a policy and framework for setting-
up of incubators across the country in public private partnership.
Government shall encourage setting up of:
 35 new incubators in existing institutions. Funding support of 40%
(subject to a maximum of INR 10 crore) shall be provided by Central
Government for establishment of new incubators for which 40% funding
by the respective State Government and 20% funding by the private
sector has been committed.
 35 new private sector incubators. A grant of 50% (subject to a maximum
of INR 10 crore) shall be provided by Central Government for incubators
established by private sector in existing institutions.

17. 80 per cent rebate on filing patent applications by startups
18. Relaxed norms of public procurement for startups
Typically, whenever a tender is floated by a Government entity or by a PSU,
very often the eligibility condition specifies either “prior experience” or “prior
turnover”. Such a stipulation prohibits/ impedes Startups from participating in
such tenders.
At present, effective April 1, 2015 Central Government, State Government
and PSUs have to mandatorily procure at least 20% from the Micro Small and
Medium Enterprise (MSME). In order to promote Startups, Government shall
exempt Startups (in the manufacturing sector) from the criteria of “prior
experience/ turnover” without any relaxation in quality standards or technical
parameters. The Startups will also have to demonstrate requisite capability to
execute the project as per the requirements and should have their own
manufacturing facility in India.

19. Innovation focused programmes for students
There will be innovation core programs for students in 5 lakh schools.
In order to promote research and innovation among young students, the Government shall
implement the following measures:
• Innovation Core.
Innovation Core program shall be initiated to target school kids with an
outreach to 10 lakh innovations from 5 lakh schools. One lakh innovations would be
targeted and the top 10,000 innovations would be provided prototyping support. Of these
10,000 innovations, the best 100 would be shortlisted and showcased at the Annual Festival
of Innovations in the Rashtrapati Bhavan.

 NIDHI: A Grand Challenge program (“National Initiative for Developing
and Harnessing Innovations) shall be instituted through Innovation and
Entrepreneurship Development Centres (IEDCs) to support and award
INR 10 lakhs to 20 student innovations from IEDCs.
 Uchhattar Avishkar Yojana: A joint MHRD-DST scheme which has
earmarked INR 250 crore per annum towards fostering “very high
quality” research amongst IIT students. The funding towards this research
will be 50% contribution from MHRD, 25% from DST and 25% from
industry. This format has been devised to ensure that the research and
funding gets utilized bearing in mind its relevance to the industry. Each
project may amount to INR 5 crore only. This scheme will initially apply
to IITs only.

How to Register Business with
Modi’s Startup India

How to Register with Startup India Scheme
 In the official notification which is issued by the govt in
that said startups have first of all register their business as
Legal entity as Private limited company, Limited Liability
Partnership or Partnership Firm, then they have to register
through a mobile app or through the portal
of DIPP(Department of Industrial Policy and
Promotion)
 A toll free number and helpline email for customer
queries has been set up.
 Start up India Helpline :
 Email – dipp-startups@nic.in
 Toll Free number – 1800115565

Documents Required for Startup India
Have to Submit Application along with any Below Documents :-
 A recommendation in a format specified by DIPP from an incubator
established in a post-graduate college in the country.
 A letter of support from any central or state government funded incubator
to promote innovation.
 A recommendation in a format specified by DIPP (with regard to
innovative nature of business) from any incubator recognized by the
Central Government.
 A letter of funding of not less than 20 per cent in equity by any incubation
or angel fund/PE fund/accelerator or angel network duly registered with
Securities and Exchange Board of India that endorses its innovative
nature of business.
 A letter of funding by the Central or State government as part of any
scheme to promote innovation.
 A patent filed and published in the Journal by the Indian Patent Office in
areas affiliated with the nature of business being promoted.

Biggest Question facing Start-ups

Fundraising questions – 1/2
• How much funding should I raise?
• When should I raise money?At what stage should I not?
• What heads and stage should I raise money for?
• What are the relevant sources of finance for me and how
should I prioritize? What are the pros and cons of each
type?
• How much equity should I give? At what terms?
• How should I value my company?
• How should I give equity when I am unable to value my
company?

• How should I reach out to investors?
• How many investors would I have to reach to find
one?
• How long will this process take ?
• Should I appoint anyone for the process ?
• How much will the fund raising process cost?
• What is the right structure/instrument?
Fundraising questions –2/2

1) Bootstrapping
• Self-funding, also known as bootstrapping, is an effective way
of startup financing, especially when you are just starting your
business.
• First-time entrepreneurs often have trouble getting funding
without first showing some traction and a plan for potential
success.
• You can invest from your own savings or can get your family
and friends to contribute. This will be easy to raise due to less
formalities/compliances, plus less costs of raising. In most
situations, family and friends are flexible with the interest rate.

2) Crowdfunding
Crowdfunding is , “the practice of funding a project or venture
by raising many small amounts of money from a large number of
people, typically via the Internet.”
 How crowdfunding works – An entrepreneur will put up a
detailed description of his business on a crowd funding platform.
He will mention the goals of his business, plans for making a
profit, how much funding he needs and for what reasons, etc. and
then consumers can read about the business and give money if
they like the idea.
• Some of the popular crowdfunding sites in India are Indiego
go, Wishberry, Ketto, Fundlined and Catapooolt.

3) Get Angel Investment
• Angel investors are individuals with surplus cash and a keen interest to
invest in upcoming startups. They also work in groups of networks to
collectively screen the proposals before investing. They can also offer
mentoring or advice alongside capital.
• This alternative form of investing generally occurs in a company’s early
stages of growth, with investors expecting a upto 30% equity. They
prefer to take more risks in investment for higher returns.
• Angel investors have helped to start up many prominent companies,
including Google, Yahoo and Alibaba.
• Short come - Angel investors invest lesser amounts than venture
capitalists.
• Angel Investors in India – Indian Angel Network, Mumbai Angels and
Hyderabad Angels.

4) Get Venture Capital
• Venture capitals are professionally managed funds who invest in
companies that have huge potential. They usually invest in a business
against equity and exit when there is an IPO or an acquisition.
• A venture capital investment may be appropriate for small businesses
that are beyond the startup phase and already generating revenues.
• There are a few downsides to VCs as a funding option. VCs have a
short leash when it comes to company loyalty and often look to
recover their investment within a three- to five-year time window.
• Some of the well known Venture Capitalists in India are – Nexus
Venture Partners, Helion Ventures, Kalaari Capital, Accel
Partners, Blume Ventures, Canaan, Sequoia
Capital and Bessemer Ventures.
• They typically look for larger opportunities that are a little bit more stable.

5) Funding From Business Incubators & Accelerators
• Early stage businesses can consider Incubator and Accelerator
programs as a funding option. Found in almost every major city, these
programs assist hundreds of startup businesses every year.
• Incubators are like a parent to a child, who nurtures the business
providing shelter tools and training and network to a business.
Accelerators so more or less the same thing, but an incubator helps/
assists/ nurtures a business to walk, while accelerator helps to run/take
a giant leap.
• These programs normally run for 4-8 months and require time
commitment from the business owners.
• Popular names are Amity Innovation Incubator, AngelPrime, CIIE, IAN
Business Incubator, Villgro, Startup Village and TLabs.

6) Raise Funds By Winning Contests
• An increase in the number of contests has tremendously helped to maximize
the opportunities for fund raising.
• In such competitions, either have to build a product or prepare a business plan.
• Like, ProfitBooks benefitted a lot when they were regional finalists in
Microsoft BizSparks in 2013 and won Hot100 Startup Award in 2014.
• The plan should be comprehensive enough to convince anyone that the idea is
worth investing in.
• Some of the popular startups contests in India are NASSCOM’s 10000
startups, Microsoft BizSparks, Conquest, NextBigIdea Contest, and Lets
Ignite.

7) Raise Money Through Bank Loans
• Normally, banks are the first place that entrepreneurs go when thinking about
funding.
• The bank provides two kinds of financing for businesses. One is working
capital loan and other is funding. Working Capital loan is the loan required to
run one complete cycle of revenue generating operations and the limit is
usually decided by hypothecating stocks and debtors.
• Funding from bank would involve the usual process of sharing the business
plan and the valuation details, along with the project report, based on which the
loan is sanctioned.
• Almost every bank in India offers SME finance through various programs.

8) Business Loans from Microfinance
Providers or NBFCs• What do you do when you can’t qualify for a bank loan?
• There is still an option.
• Microfinance is basically access of financial services to those who would not
have access to conventional banking services. It is increasingly becoming
popular for those, whose requirements are limited and credit ratings not
favoured by bank.
• NBFCs are Non Banking Financial Corporations are corporations that provide
Banking services without meeting legal requirement/definition of a bank.
• Top MicroFinance companies in India are SKS Microfinance Ltd (SKSMPL),
Spandana Sphoorty Financial Ltd (SSFL), Share Microfin Limited (SML),
Bhartiya Samruddhi Finance Limited (BSFL), Bandhan etc.

9) Govt Programs That Offer Startup Capital
• Government has launched ‘Bank of Ideas and Innovations’ program. The
Government of India has launched 10,000 Crore Startup Fund in Union budget
2014-15
• Government backed ‘Pradhan Mantri Micro Units Development and
Refinance Agency Limited (MUDRA)’ starts with an initial corpus of Rs.
20,000 crore to extend benefits to around 10 lakhs SMEs.
• For it, supposed to submit the business plan and once approved, the loan gets
sanctioned. Then, get a MUDRA Card, which is like a credit card, which can
be use to purchase raw materials, other expenses etc.
• Shishu, Kishor and Tarun are three categories of loans available under the
promising scheme.
• Different states have also come up different programs like Kerala State Self
Entrepreneur Development Mission (KSSEDM), Maharashtra Centre for
Entrepreneurship Development, Rajasthan Startup Fest, etc to encourage small
businesses.

10) Quick Ways to Raise Money For Business
• There are few more ways to raise funds for your business. However, these might
not work for everyone.
• Product Pre-sale: Selling your products before they launch is an often-overlooked
and highly effective way to raise the money needed for financing your business.
• Selling Assets: This might sound like a tough step to take but it can help meeting
the short term fund requirements. Once overcome the crisis situation, can again
buy back the assets.
• Credit Cards: Business credit cards are among the most readily available ways to
finance a startup and can be a quick way to get instant money. If the business is
new and don’t have a tons of expenses, then can use a credit card and keep paying
the minimum payment. However, keep in mind that the interest rates and costs on
the cards can build very quickly, and carrying that debt can be detrimental to a
business owner’s credit.

Finance Sources
• By Term
1. Long Term (> 3 years)
•VC & Angel Funds, Friends & Family Equity, Long term
Loans, Media Barters
2. Mid Term (1-3 years)
•Personal, Short term Loan, Incubators, Angels,
Bootstrapping
3. Short Term (<1 year)
•Credit cards, Factoring, Barters, Customer Advances

Some Figures on Indian Start-up

Best Indian
Cities For
Startups To
Flourish

Bengaluru
• The Silicon Valley of India is the nation’s largest IT services exporter.
Major tech companies like Infosys, Wipro and ISRO are headquartered
here. The country’s leading educational institutes like Indian Institute
of Science (IISc), Indian Institute of Management (Bangalore) (IIMB),
National Institute of Fashion Technology, Bangalore, National Institute
of Design, Bangalore (NID R&D Campus), National Law School of
India University (NLSIU) and National Institute of Mental Health and
Neuroscience are also based here.

Delhi/NCR
• Delhi is the Capital territory of India. It is also the
largest commercial centre in North India, and houses
the country’s largest and fastest growing retail industry.
Construction, Power and health form vital components
of the city's economy. Several consumer
goods companies also have their headquarters in the
city.

Mumbai
• India’s quintessential financial hub, Mumbai still bubbles over with
business activities the volume of which most other Indian states
couldn’t match.
• The fact remains that Mumbai is a significant gateway to the
nation’s imports and exports and has a strong presence of trader/
business communities.
• Mumbai is India's financial and commercial capital.

Chennai
• Chennai is fast shedding its image as the auto-manufacturing hub of
the country. Not that they’re shutting down all those factories.
• Rather they are opening more business centres-this time belonging
to another industry- in the Software as a Service (SaaS) sector, to be
precise.
• This South Indian state has just 50 angel investors.

Hyderabad
• Hyderabad took a beating on the business front when Telengana was detached
from Andhra Pradesh. In the aftermath, about 1000 SMEs that had
manufacturing units in Andhra Pradesh and offices in Hyderabad shifted out of
the city.
• But the city still boasts the presence of giant MNCs including Facebook and
Microsoft-a company that has its main campus in the city.
• Aside from the presence of a highly educated workforce, the low cost of living is
also a factor that makes Hyderabad attractive for startups.

Pune
• The industries in which start-ups are currently flourishing in Pune are e-
commerce, education, marketing and advertising.
• Innovation is a key driver for the city’s progress and the presence of 350
corporate innovation centres is illustrative of the scenario.
• Compared to Mumbai, the city has a better public infrastructure and the
proximity to Mumbai also works in favour of the city

Ahmedabad
• Ahmedabad is known as "Manchester of the East" for its textile industry.
• It’s also one of the largest exporters of gemstones and jewellery in India.
• The Adani Group and Nirma have their corporate headquarters here. Two of
the biggest pharmaceutical companies of India - Zydus Cadila and Torrent
Pharmaceuticals are based in the city.
• One aspect that works well for Ahmedabad is the government’s pro-
business stand,

Kochi
• Kochi has moved on from being a laid-back ocean-side tourist destination to
emerge as a major business destination in Kerala.
• The incubator, Startup Village which started functioning in 2012 plays an
important role in furthering the progress.
• Having supported 679 startups, the incubator is considered as one of the best in the
country.
• It’s mostly software product startups that are making headway in Kochi.
• The city has also signed a MOU with the California based Menlo Park city for a
year of sharing technology ideas and talent.

Kolkata
• Kolkata’s (Unique Selling Proposition) USP for start-ups remains the affordable realty.
• However, that’s one USP too short of meeting the requirements of many a startup.
• The industry body, NASSCOM seems set to bring a change to this as they have launched a
start-up warehouse in the state collaborating with the West Bengal Government.
• Absence of a strong investor-base as well as lackadaisical public infrastructure is aspects
that must be addressed if Kolkata is to reach its full potential.

STARTUP INDIA HUB
 Startup India Hub was operationalised on 1st April 2016 to resolve queries and
provide handholding support to Startups.
 The hub has been able to resolve 21,436 queries received from Startups through
telephone, email and Twitter.
 To seek clarifications pertaining to Certificate of Recognition as a “Startup”,
Certificate of Eligibility to avail tax benefits, seeking information on incubators or
funding.
 Can get in touch with the Hub on
Toll-Free number: 1800115565 or email: dippstartups@nic.in

E-LEARNING
 Startup India Hub would soon be launching an interactive online
learning and development module to educate Startups and aspiring
entrepreneurs, through various stages of their entrepreneurial journey.
 The module shall be made available through the Startup India portal
(http://startupindia.gov.in).

RECOGNITION
 1144 applications have been received for out of which 385 had the required
documents and have been recognised as Startups by DIPP.
 Rest of the applicants will be provided guidance and support to submit the
relevant documents by the Startup India Hub. Out of the total applications
received, 82 applications can be considered for tax benefits as only these
Startups have been incorporated after April 1, 2016.
 Out of the 82 applications, 5 Startups have been approved for availing tax
benefits.

RECOMMENDATION BY INCUBATORS
 A maximum fee of INR 5,000 can be charged by the incubators for providing
Letter of Recommendation to Startups.
 In cases where external expert(s) is/are required to assess the innovativeness
of a product/service/ process, a maximum fee of INR 10,000 can be charged
by the incubators.

AUGMENTING INCUBATORS
In order to augment the existing list of incubators, a module
to recognise incubators has been launched.
This shall enable incubators to obtain recognition from the
Government of India which will allow them to issue
recommendation letters to Startups.

FACILITATORS
• A panel of facilitators has been constituted for providing assistance and
support in filing applications for Intellectual Property Rights (IPR),
wherein, Department of Industrial Policy and Promotion (DIPP) would bear
the facilitation cost.
• To avail IPR-related benefits (rebate in fee and free of cost facilitation in
filing IPR applications), a Startup would not be required to obtain a
Certificate of Eligibility from the Inter-Ministerial Board of DIPP (a
Certificate of Recognition of DIPP would suffice).

TAX EXEMPTION
 The Finance Act, 2016 has made provision for Startups to get
income tax exemption for 3 years in a block of 5 years, if they
are incorporated between 1st April 2016 and 31st March 2019.
 To avail these benefits one must get a Certificate of Eligibility
from the Inter-Ministerial Board of DIPP.

EXEMPTION FROM COMPLIANCES
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.

ENABLER
• The Insolvency and Bankruptcy Code 2016 has been published in the
Gazette.
• Once the code is notified, Startups shall be able to wind up their business
within a period of 90 days from making an application for the same. A 'fund
of funds' of INR 10,000 crores for Startups has been established which shall
be managed by SIDBI.
• The fund will invest in SEBI registered Alternative Investment Funds (AIFs)
which, in turn, will invest in Startups. Thus, this fund will act as an enabler to
attract private capital in the form of equity or other risk capital for Startups.

RESEARCH PARKS, TECHNOLOGY BUSINESS
INCUBATOR & STARTUP CENTERS
• 7 proposals for Research Parks,
• 16 proposals for TBIs and
• 13 proposals for Startup centres
have been recommended by the National Expert Advisory Committee
(NEAC) formed by MHRD.
COLLABORATION DIPP
Will write to top companies to request them to support the initiative by setting
up new incubators or scale up existing incubators in collaboration with
educational institutes.

Most profitable types of small
businesses and their net profit margins

1. Accounting, Tax Preparation, Bookkeeping and
Payroll Services: 18.4%
• The accounting industry is consistently a top performer
on our list
• No matter how the economy is doing, everyone needs
accountants. Also, this industry tends to have low overhead
and repeat clients.

2. Management of Companies and
Enterprises: 15.5%
• This industry is made up of small, privately-owned offices of bank holding
companies and other types of holding companies.
• Some well-known examples of holding companies (that do not fall into the
small-business category) are Warren Buffett’s Berkshire Hathawayand Carl
Icahn’s ICahn Enterprises.
• AstraZeneca Pharma India, Gillette India, Singer India etc.

3. Offices of Real Estate Agents
and Brokers: 15.19%
• While the real-estate market is largely dependent on the health of
the economy, real-estate brokers and agents have low operating
costs and all you need to get started is an agent or brokerage
license.

4. Automotive Equipment Rental
and Leasing: 14.55%
• With the on-demand economy on the rise, Sageworks analyst Libby
Bierman says that people may be leasing and renting more cars using on-
demand services such as Zipcar -- along with more traditional rental
services such as Hertz.

5. Legal Services: 14.48%
• Anyone who has ever hired a lawyer knows it’s not cheap.
• Law, like accounting, generally has low operating costs as well as repeat
clients.
• However, this business category includes not only lawyers, but notaries,
settlement officers (who deal in the transaction of securities).

6. Clinics of Dentists: 14.41%
• Dentists, like physicians, benefit from recurring patients, and
while startup costs can be expensive -- dental equipment is quite
costly -- the profession has the advantage of handling several
patients at a time, plus many pay out of pocket.

7. Electric Power Generation,
Transmission and Distribution: 14.02%
• This category of small, privately-held electric power companies
includes not just your traditional, fossil fuel electric powers but
also hydroelectric, nuclear, solar, wind, geothermal and more.

8. Lessors of Real Estate: 14.01%
• Lessors, also known as landlords, show that renting both
residential and non-residential properties is a profitable gig
once recover the initial costs of purchase.

9. Offices of Other Health
Practitioners: 13.30%
• How is this category different from physicians?
• It’s not, really. There is census delineation between chiropractors,
optometrists, mental-health practitioners and podiatrists -- who
fall under this category of “other health practitioners” -- and all
other types of physicians.

10. Commercial and Industrial
Machinery and Equipment Rental
and Leasing: 12.58%
• It pays to rent or lease. These businesses typically rent or
lease commercial machinery and equipment across
industries.

11. Specialized Design Services:
11.4%
• Small businesses that specialize in interior, industrial and graphic
design are flourishing, as the value of a product or business’s
function has become inextricably linked to appearance and design.

12. Office Administrative
Services: 11.3%
• These administrative businesses are the backbone of business
operations across a variety of industries -- from food services to
physician’s offices -- and provide the day-to-day administrative
services, such as record keeping, financial planning and billing.

7 MOUs
Aimed at giving a big boost to startups in
India, as many as seven MoUs have been
signed between various organisations of
India and the US.

 The MoUs were signed as Prime Minister Narendra Modi
attended the India-US Start-up Konnect 2015 here.
 The first MoU between Centre for Cellular and Molecular Platforms and the
California Institute for Quantitative Biosciences is to develop Indo-US Life
Science Sister Innovation Hub so as to enhance science-based entrepreneurship,
research, academia and businesses by leveraging each other's ecosystems.
Department of Biotechnology and Prakash Lab, Stanford University signed
another MoU on Foldscope -- a frugal science innovation that has emerged from
a lab of an Indian with majority of Indians working in this laboratory. The lab
will work with DBT to further develop and deploy the products they develop.
National Association of Software and Service Companies (NASSCOM) and
the Indus Entrepreneurs signed a MoU to collaborate in a mutually satisfactory
form and manner to support the creation of a vibrant ecosystem to foster
technology entrepreneurship in India and Silicon Valley.

IIM Ahmedabad's Centre for Innovation and Entrepreneurship (CIIE) and
Lester Centre for Entrepreneurship of the Haas Business School of the
University of California, signed an MoU to collaborate on mutual incubation,
and support each other's activities of mutual interest.
CIIE also signed an MoU with Los Angeles Cleantech Incubator to extend
NGIN Membership benefits to CIIE. The CIIE /LACI NGIN Landing Pad
Programme is a reciprocal initiative that enables entrepreneurs and innovators in
the cleantech space to gain access to the California and Indian markets. The
programme will assist early and growth stage cleantech companies with market
expansion through partnerships and funding opportunities in California and
India.
IIM Ahmedabad's CIIE signed a MoU with Tata Trust for founding partner for
the Bharat Fund, which will provide seed funding to Indian entrepreneurs.
CIIE also signed a MoU with Google to support technology and impact
entrepreneurs through strategic support.

Startups that are
changing the face of
Virtual Reality in India

1. Kailash Katkar, Quick Heal
Born in a small village at Rahimatpur in Maharashtra, Kailash Katkar
worked his way to the top to be chairman and CEO of INR 200 Cr
business. He is the man behind Quickheal technologies Pvt Ltd.
He started with a job at local radio and calculator repair shop and later
went ahead in 1990 to start his own calculator repair business. In 1993
he started a new venture, CAT computer services where around that
time his younger brother Sanjay developed a basic model of antivirus
software which helped in solving the biggest problem of computer
maintenance at that time. Later in 2007 it was renamed as Quick Heal
Technologies. He achieved all this without any formal education.

2. P C Mustafa (Coolie’s Son who Set Up 100
Crore Company with just 25,000)
Man who failed in Class 6, but went on to join the Regional Engineering
College (now the National Institute of Technology), Calicut and the Indian
Institute of Management-Bangalore.
Today, fresh idli and dosa batter made by P C Mustafa’s company ID Fresh reaches
homes in Bengaluru, Chennai, Pune, Mumbai, Delhi, Hyderabad, Mangaluru and even
Dubai.
Today, they produce around 50,000 kg in their plant. The total investment is around Rs
4 crore (Rs 40 million) and revenue is Rs 100 crore (Rs 1 billion).
When they became a Rs 100 crore company in October 2015, celebrated in grand scale.
They have grown from producing 10 packets a day in 2005, with just cousin managing
the kitchen, to 50,000 packets a day with 1,100 employees in 10 years.

3. Karsanbhai Patel – Man behind NIRMA
Karsanbhai Patel used to make detergent powder in the backyard of his house in Ahmedabad and
then carry out door to door selling . He gave a money back guarantee with every pack that was
sold. Karsanbhai Patel managed to offer his detergent powder for Rs. 3 per kg when the cheapest
detergent at that time, detergent was Rs.13 per kg.
It was in 1969 that Dr. Karsanbhai Patel started Nirma and went on to create a
whole new segment in the Indian domestic detergent market.
The company that was started in 1969 with just one man, who used to deliver his
product from one house to the other, today employs around 14 thousand people and has
a turnover of more than $500 million. In 2004 Nirma’s annual sales were as high as
800000 tonnes.

4. Sachin Bansal, Flipkart
Sachin Bansal started Flipkart in 2007 from a one-room apartment in Bangalore
along with his schoolmate Binny Bansal. The store started by selling books online
and later expanded to categories such as apparel and electronics.
Now valued at over US$17 billion, Flipkart is amongst the top 10 e-commerce
companies in the world. Earlier an employee at Amazon India, Sachin is now amongst
the wealthiest internet millionaires in India.
•Key Investors: Tiger Global, Accel Partners, Naspers, DST Global, Iconiq Capital,
Greenoaks Capital, Steadview Capital, GIC, Investment Authority, Morgan Stanley,
Sofina, T. Rowe Price Associates, etc.
•Industry: Ecommerce

5. Kunal Bahl, Snapdeal
After being denied extension of his work visa in the US, Kunal Bahl, a
former employee at Microsoft, returned to India in 2008.
Along with his schoolmate Rohit Bansal, Kunal experimented with various
businesses over the course of four years before setting up Snapdeal as a
discount coupons and daily deals site.
Seeing the success of Flipkart in India, Kunal pivoted Snapdeal to
conventional ecommerce in 2012 and business picked up from there.

6. Bhavish Aggarwal, Ola
Co-founded in 2010 by tech graduate Bhavish Aggarwal, Ola Cabs is the
biggest online taxi and car aggregator in India today, strongly rivalling Uber.
The transportation startup was founded in Mumbai and raised angel funds
from Snapdeal co-founder Kunal Bahl and Shaadi founder Anupam Mittal.
Valued at over US$5 billion now, Ola has about 250,000 cabs and auto
rickshaws in its app, operational in about 85 Indian cities.

7. Vijay Shekhar Sharma, Paytm
Born in a small town near Delhi, Vijay Shekhar Sharma was the first amongst
his immediate family to graduate from a tech school and then travel overseas
for a job.
Vijay launched One97 as a telecoms software company in the early 2000s
and later pivoted it to Paytm, an online marketplace in 2009.
Paytm is now widely used for payments and mobile credit top-ups.
The company last year raised about US$700 million in capital from Ant
Financial, the affiliate e-payments division of Chinese ecommerce powerhouse
Alibaba.

8. Pranay Chulet, Quikr
Hailing from Rajasthan, Pranay Chulet is an alumnus of the Indian Institute of
Technology, Delhi, and the Indian Institute of Management, Calcutta.
After working in consulting firms such as PricewaterhouseCoopers and Booz
Allen Hamilton, Chulet started Quikr. It’s now one of India’s largest online
classifieds portals, the only bigger rival being the Indian version of OLX.
In 2007, Pranay started his first entrepreneurial venture, Excellere. In 2008,
he founded Kijiji India, which was later rebranded as Quikr.
Funding amount: US$350 million

9. Naveen Tewari, InMobi
Hailing from a family of professors, Naveen Tewari continued his lineage
and completed his tech studies at the Indian Institute of Technology in 2000.
Where he met his future co-founders Amit Gupta and Abhay Singhal. The trio later
formed Mkhoj in 2007, an SMS-based search engine. The company tanked and Naveen
recalls in his blog running the company bills on credit cards.
That first startup pivoted to become mobile ad platform InMobi, which got funded
with US$200 million from Softbank, the largest such funding in the mobile ad space in
the world up to 2011. It was also the largest VC funding ever in India at that time.

10. Deepinder Goyal, Zomato
Deepinder Goyal, cofounder and CEO of Zomato, an online restaurant discovery
application.
After collecting and pinning menus on his office soft board at Bain & Co, Deepinder
Goyal decided to give his hobby a digital push by scanning the menus on a website for
everyone to see. The site became popular. Deepinder and his colleague at Bain, Pankaj
Chaddah, decided to pursue it commercially.
The website soon listed 1,200 restaurants in New Delhi – and the team hasn’t looked
back since. It has expanded to over 22 countries.
However, as typical Indian parents, Deepinder’s parents advised him to shut it down
and go back to a proper job. He did not listen. The company is now valued at close to
US$1 billion.

11. Albinder Dhindsa, Grofers
Albinder Dhindsa, cofounder and CEO of Grofers, an online grocer.
A former early employee at Zomato, Albinder Dhindsa started Grofers in
2013 with co-founder Saurabh Kumar.
Grofers is a hyperlocal shopping startup.
Within two years, Grofers has expanded to most major Indian cities.

12. TA Krishnan, Ecom Express
TA Krishnan, cofounder and CEO of Ecom Express, an ecommerce logistics
company.
Nearing 50, TA Krishnan, India head of Blue Dart Express, resigned to start
up an e-commerce logistics company called Ecom Express. Three other senior
members quit Blue Dart to join in and the company started operations in 2013.
It’s one of the foremost names for e-commerce deliveries and has expanded
operations to over 200 cities. Last year the Gurgaon-based startup raised
US$133 million in one of the largest funding rounds in this space in India.

13. Phanindra Sama, Redbus
Phanindra Sama, cofounder and ex-CEO of online bus ticket portal RedBus,
who sold his startup to Ibibo Group in 2013.
During Diwali in 2005, Bangalore-based Phanindra Sama wanted to travel to
his hometown in Hyderabad but couldn’t find any available seats. He decided
to solve this problem by co-founding Redbus, an online bus ticketing startup,
which is the largest such portal in India.
In 2013, Phanindra sold his startup to Naspers-backed Ibibo for about
US$100 million.

14. Ritesh Aggarwal, OyoRooms
Ritesh Agarwal, CEO of Oyo Rooms, a budget rooms aggregator portal.
Ironically, Ritesh was thrown out of rented place in New Delhi when he couldn’t pay
the rent. He slept the night in the stairway.
Ritesh had come to Delhi to study in college. But after just three days he realized that
formal education is not something he wants to waste his time on. He dropped out and
started a bed-and-breakfast chain called Oravel Stays, which later pivoted to become
OyoRooms.
When his parents got to know their son had dropped out, they became angry. “My
mother said who will give a daughter to my son for marriage now,” says Ritesh.
At 21 years of age, Ritesh Aggarwal is India’s youngest millionaire entrepreneur,
having created budget hotel startup OyoRooms.

Indian Government Initiative to
boost Entrepreneurship
Start-Up India Initiative
SETU Fund
e-biz portal
MUDRA Bank
Atal Innovation Mission (AIM)
Royalty Tax
Start-up Network
Smart Cities And Digital India Opportunity

Conclusion
STARTS
Just Come to an end of this
session

IMPACT OF STARTUP INDIA ON
INDIAN ECONOMY
• Creation of job
• Increase of export
• Boost GDP
• Increase production lowers the goods price

Key points of Start up India
 Single Window Clearance even with the help of a mobile application
 10,000 crore funds of fund
 80% reduction in patent registration fee
 Modified and more friendly Bankruptcy Code to ensure 90-day exit window
 Freedom from mystifying inspections for 3 years
 Freedom from Capital Gain Tax for 3 years
 Freedom from tax in profits for 3 years
 Self-certification compliance
 Innovation hub under Atal Innovation Mission
 Starting with 5 lakh schools to target 10 lakh children for innovation
programme

Benefits of the Startup India
 Start-ups will be exempted from paying income tax on
their income for the first 3 years
 80% rebate on filing a patent application.
 Fast track mechanism for patent applications
 Exemption of tax on capital gain. When person invests its
own wealth, then they will get exemption from capital
gains tax.
 Mobile app will be launched on April 01, 2016 which will
enable start-ups to get registered within a day. The app
will have a small application form for registration.
 Web portal will be launched on April 01, 2016 for
clearances, approvals, and registrations
Cont..

Benefits of the Startup India
 Compliance regime based on self-certification
 No inspection for 3 years of start-up businesses in respect of
labour, environment law compliance post self-certification
 Easier norms for start-ups to exit within 90 days. Bill will be
introduced in the parliament.
 Relaxed norms of public procurement for start-ups. There
would be no requirement of turnover or experience.
 Government will setup a fund with an initial corpus of Rs. 2,
500 crore and total corpus of Rs. 10, 000 crore over a period
of 4 years
 A hub for startup India will be started with single point of
contact.

Difficulties/Road blocks
It should not be by way of Splitting up, reconstruction
of existing business.
 Thus company which is into Product Licensing
business and venturing into customized product
offering on website/retail/wholesale basis to expand
licensing business, same would be treated as
expansion of existing business and would not be
considered as startup as defined by Govt.

Difficulties/Road blocks
 Start up must aim to develop and commercialise either New
Product/Services/Process OR significant improvement in existing
products or services or processes in the current market which would
create further value or add value to customers or workflow, thus
companies with similar line of business already there in market
place will not get any benefits unless major differentiation is done in
Process/product or service.
For example recently OYO Rooms started with Unique model of
business by young entrepreneur with the use of technology, another
firm called ZO rooms was also following with same model, thus going
by definition the ZO Rooms will not be falling within NEW
product/services unless there is process or technological differentiator
is seen and made the govt official convinced about the same (which
would be challenging task)

Analysis
One of the eligibility criteria states that “The product or service should be
a new one or a significantly improved version of existing services or
products.”
Let’s take the example of start-ups who are engaged in creating and
developing online marketplaces like Flipkart and Amazon. So a new
start-up engaged in the same field may not be eligible unless its product is
significantly improved than what existing players provide.
Another eligibility criteria states that the start-up should get a
recommendation letter from the recognized incubator cell or be
recognized by the GoI or should be funded by recognized funds. Now this
will be quite a task for start-ups.
In my estimation, going by these criteria, roughly 60% of existing
start-ups could be rendered ineligible for the Start-up India plan.

Startup India is a flagship initiative of the Government
of India, intended to build a strong eco-system for nurturing
innovation and Startups in the country that will drive sustainable
economic growth and generate large scale employment opportunities.
The Government through this initiative aims to empower Startups to
grow through innovation and design. In order to meet the objectives
of the initiative, Government of India is announcing this Action Plan
that addresses all aspects of the Startup ecosystem.
CONCLUSION
 This is a most effective campaign which will create more job
opportunities to the Indian youths.
 This scheme will directly help people in opening their own
successful entrepreneurship.
 It will help our country to show the talent of youths through their
innovative businesses all across the world.

REFERENCES
 10 funding options to Raises Startups Capital In Your Business. (n.d.). Retrieved November 8, 2016, from ProfitBooks:
http://www.profitbooks.net/funding-options-to-raise-startup-capital-for-your-business/
 7 MOUs. (n.d.). Retrieved November 8, 2016, from http://www.gadgetsnow.com/tech-news/PM-in-US-7-MoUs-signed-to-boost-
startups-in-India/articleshow/49135531.cms
 7 MOUs Signed to booststartups in India. (n.d.). Retrieved November 3, 2016, from The Economic Times:
http://economictimes.indiatimes.com/small-biz/startups/pm-modis-us-visit-7-mous-signed-to-boost-startups-in-
india/articleshow/49137629.cms
 Action Plan Elligibility and Schemes. (n.d.). Retrieved November 8, 2016, from http://www.profitbooks.net/startup-india/
 Best Cities For startups in India. (n.d.). Retrieved November 5, 2016, from Indian web:
http://www.indianweb2.com/2016/01/15/103084/
 Best Indian Cities for Startups. (n.d.). Retrieved November 3, 2016, from https://grabhouse.com/urbancocktail/best-indian-cities-for-
startups-to-flourish-well-begun-is-half-done/
 India’s top 30 startup founders. (n.d.). Retrieved November 1, 2016, from TECHINASIA: https://www.techinasia.com/indias-top-30-
startup-founders
 Indian Entrepreneurs Success Stories. (n.d.). Retrieved November 10, 2016, from https://bizztor.com/successful-indian-entrepreneurs-
stories
 India's Top funded Startups. (n.d.). Retrieved November 5, 2016, from The Economic Times:
http://economictimes.indiatimes.com/small-biz/startups/indias-top-funded-startups-for-2016/articleshow/53379239.cms
 Startup India Standup India Scheme. (n.d.). Retrieved November 8, 2016, from http://www.pradhanmantriyojana.in/start-up-india-
stand-up-india-scheme-hindi-pdf/
 Startups you should be working in Future. (n.d.). Retrieved November 3, 2016, from indiatimes:
http://www.indiatimes.com/news/india/school-girl-invents-a-device-that-tells-bikers-about-the-pollution-they-are-spreading-
265266.html
 The Action Plan. (n.d.). Retrieved November 1, 2016, from Startupindia: http://startupindia.gov.in/uploads/pdf/Action%20Plan.pdf
 The Status report. (n.d.). Retrieved November 1, 2016, from Startupindia: http://startupindia.gov.in/uploads/pdf/Status_Report.pdf

“I see startups,
technology
and innovation as
exciting and effective
instruments for
India’s transformation.”
Shri Narendra Modi
Prime Minister of India
 Compiled by
 SuryadiptaDutta
 Roll No: 6426

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