19 June, 2017

Snapshot

Tinkering Labs

457

Startups benefitted

3,385

Funds to Startups

960 Cr.

Query Resolutions

52,000 +

Learning & Development Users

1,40,000 +

IP Facilitators

1,000 +

Sanctioned Funds for infrastructure

828 Cr.

Startups Funded/ Facilitated (since Jan’16)

Department StartupsBenefitted

Funding Details

Committed

DBT 350 154 Cr. Incubation, Grant

MHRD 329 53 Cr. Incubation, Grant

SIDBI 65 623.5 Cr. Through Fund of Funds

DST 550 130 Cr. Incubation, seed fund

DIPP

358 - Patent/ Trademark facilitation

400 - Facilitation through Invest India

1,333 - Startups recognized

TOTAL 3,385 960.5 Cr.

Pvt. Ltd. / LLP/ Registered Partnership

Under INR 25 crore in any preceding financial year

5 years date of incorporation/registration

Innovating/ improving existing offerings

Type of firm

Validity Period

Turnover

Innovation/ B-Plan

Under INR 25 crore in any preceding financial year

7 years from the date of its incorporation/ registration (upto 10 years for startups in the

biotechnology sector)

Innovating/ improving existing offerings, or has a scalable business model with a high potential of

employment generation or wealth creation

Before After

Pvt. Ltd. / LLP/ Registered Partnership

Letter of Recommendation not required

3X jump in number of applications

Startup Definitionsimplifying the recognition process

Startups Recognized 1,333

259Maharashtra

219Delhi

197Karnataka102 Tamil Nadu

77Gujarat

74 Haryana

66Kerala

76 UP

59 Telangana

9 states cover over 85% of recognized startups

Startups given tax exemption 39

Startup Recognition

Total Queries 52,945

Call Centre 33,349

Email Query 17,703

Twitter Seva 1,893

Top 5 States

Mah

aras

htra

Del

hi

Utt

ar P

rade

sh

Guj

arat

Kar

natk

a

12%

Stand up India

9%, Ahmedabad,

Patna, Bhopal, Indore,

Bhubaneshwar

76%

Businessmen and Working Professionals

63%

General information

70%

Calls in Hindi

63%

Tier 2/3 Cities

(Srinagar, Gangtok, Porbandar, Trichur etc.)

16 %12 %

6 % 6 %

13 %

Query Resolution52,000+ since April 2016

Facilitating Successwith 400+ cases

ATHER ENERGY

• Clarity on charging infrastructure policy

• Meetings with the Govt. for resale of electricity

• Funding assistance from National Automotive Board

ANCOR RESEARCH LABS

Electric two-wheeler manufacturer

SAGAR DEFENCE ENGINEERING

• Assistance with licenses, incorporation, approvals, business development & commercial production

“Globally one of the best 10 Maritime Start Up”

Manufacture of Naval Defence Technology

• Assistance with government policies

• Funding assistance through CGTMSE scheme

Defence Technology Company

SIDBIFund of Funds Operations QUADRUPLED in 4 years

2014-15 2015-16 2016-17 Total

No. of Funds 11 19 30 60

Amount committed (Rs. Cr.) 314 607 1,112 2,033

Drawdown (Rs. Cr.) 129 139 221 489

India Aspiration Fund ₹2,000 Cr. for 7 yrs. Aug, 15

ASPIRE (A Scheme for Promotion of Innovation and Rural Entrepreneurship) ₹60 Cr. for 12 yrs. Oct, 16

Fund of Funds for startups ₹10,000 Cr. for 10 yrs. Jan, 16

₹ 10,000 Cr.Fund of Funds (FFS) to be provided by March 2025

(Avg. ₹ 1,100 Cr. Per year)

Operating guidelines have changed > 2x of FFS to DIPP Startups> Allow funding of entity even after ceasing to be startup (as defined by DIPP)

DIPP SIDBI 17 VCs 65 Startups

₹ 600 Cr.+ ₹ 25 Cr. Interest

₹ 623.5 Cr.Committed

₹ 35.28 Cr.Disbursed

Catalyzed investment of ₹ 236.82 Cr.

DIPP has sought ₹ 1,600 Cr. from Ministry of Finance for FY 17-18

Funding Supportthrough Fund of Funds

Overview

Current Status

Impact

Corpus of ₹ 2,000 Cr across

Collateral Free, Fund & Non Fund Based Credit Support

Loans of up to 5 Cr. per Startup to be covered

Scheme approved by Ministry of Finance.

Approval of competent authority being obtained.

Scheme to catalyze Rs 15,000 cr+ debt to 7,500+ Startups

Credit Guarantee Fundincreasing availability of credit to startups

IPR Supportfor innovators

50% fee rebate given to startups for Trademark filing; Trademark Rules amended

80% Rebate on patent filing fees – 200 startups benefitted

Fast-tracking of startup patent applications – 35 startups benefitted

Free IPR facilitation for startups 423 facilitators for patent & design; 596 for trademark applications

Startup Intellectual Property Protection Scheme (launched on 16 Jan’16)

Relaxed Norms of Public Procurement for Startups

Faster Exit for Startups

Insolvency and Bankruptcy Board has been constituted

Requirement of prior turnover & experience relaxed for tenders by Central Ministries/ CPSUs; included in GFR

2017

MCA has classified startups as ‘fast track firms’ to help them wind up business in 90 days as against 180 day

period for other firms

Providing incentivespromoting entrepreneurship

Tax Exemption on Investments made in Startups above Fair Market Value (14 Jun ’16)

Income Tax Exemption to Startups for 3 years out of 7 years (Finance Act’16)

Tax Exemptions on Capital GainSection 54 EE - Exemption for investment of capital gain in funds notified by Central Government Section 54 GB - Exemption from capital gain for investment in start ups for purchase of specified assets

Tax Incentives

500 Atal Tinkering Labs

> 457 school selected for establishing tinkering labs (FY 17)

> 350 have already received ₹12 Lakhs grant each

457 selected Atal Tinkering Labs2

417

1022 43

3311

18

10

42

29

30

41

13

17

712

11

7

4 21

18

3

33

3

8

3

10

1

Infrastructural Supportthrough Atal Innovation Mission

New Incubation Centers > 10 institutes approved to receive

grant of ₹ 10 Cr. to setup new incubator

Established Incubation Centres(EICs) for scale-up support> 6 institutes approved have received

scale up grant of ₹ 2.5 Cr.

5 years

6 years

91 Spring Board

Amrita TBI

CCAMP

Access Livelihood Consulting

NSRCEL

TREC, STEP

6 Approved EICs

Shiv Nadar University

Narsee Monjee Institute of Management Studies

Sangam Capital

NIFT-TEA

Indian School of Business

Centre for Cellular& Molecular Biology

10 New AICs

Chhatisgarh Infotech Promotion Society

Birla Institute of Management Technology

BanasthaliVidyapith

AartechSolonics

Infrastructural Supportthrough Atal Innovation Mission

Technology Business Incubators> 11 approved (₹ 34.9 Cr. Sanctioned; ₹

15.3 Cr. Disbursed)

Startup Centres> 15 Approved for ₹ 75 Lakh Grant> 10 received 1st grant

3 years

3 years

Startup Centres

Technology Business Incubator

Infrastructural Supportbuilding world class innovation centres

New Research Parks > 8 Research Parks being

taken up> Research park at IIT

Kharagpur under construction> Research park at IIT,

Gandhinagar by DST> Rs. 41 crores sanctioned

IIT Delhi

IIT Gandhinagar

IISc Bangalore

IIT Kharagpur

IIT Kanpur

IIT Hyderabad

IIT Guwahati

IIT Mumbai

Infrastructural Supportsetting up new research parks

Promoting Biotechnology Startups

Biotech Equity Fund> ₹ 1 Cr. sanctioned to 3 bio

incubators each;C-CAMP -Bangalore, KarnatakaIKP Knowledge Park - Hyderabad, TelanganaVenture Center - Pune, Maharashtra

Bio Clusters> 3 funded (Kalyani, Bangalore,

Faridabad); ₹276 Cr. Sanctioned; ₹ 92 Cr. Disbursed

New Bio-incubators> 20 bio-incubators have been

funded; 3 under consideration (₹ 125 Cr. Sanctioned)

Bengaluru – Boston Biotech (B4) Gateway4 Researchers have joined Harvard

University South Asia Institute

Innovation Focused Programs for Students

NIDHI (National Initiative for Developing and Harnessing Innovations)

> 19 New TBI established> 9 TBIs supported for Seed Support System (SSS)> 10 NIDHI-PRAYAS and 10 NIDHI-EIR centers sanctioned> 6 new CoEs have been recommended & funds to be released in FY 18

Uchchatar Avishkar Yojana> 475 Cr. has been earmarked for 2 years> 92 proposals approved for execution (Total Cost ₹ 282.6 Cr.; ₹ 75 Cr.

Allocated)

MANAK (Million Minds Augmenting National Aspiration and knowledge)

> 4 regional workshops organized & revamped MANAK scheme approved> Top 60 ideas were showcased at Annual Festival of Innovations> Over 1 lakh INSPIRE Awardees competed at District & State Level

Smart India Hackathon

under MHRD conducted on 1st April 2017

40,000+ students

7,500+ teams 29 Govt. Depts. 598 Problem

Statements

Regulatory Reforms for Startups

Startups permitted to raise ECB up to USD 3 million in a financial year Oct, 16

Reduction in lock in period for investments made by Angel Fund to 1 year (from 3 years) – Allow early exit by angel funds, thus, providing flexibility and encouraging more investment into Startups

Nov, 16

Angel funds allowed to invest up to 25% of their corpus in overseas undertakings – Allow angel funds to spread risk by investing across geographies

Nov, 16

Nov, 16Upper limit for number of angel investors in an angel fund increased to 200 from 49 – Allow more number of angel funds to invest in a scheme

Minimum investment by angel fund in a Startup reduced to ₹ 25 lakhs from ₹50 lakhs – Allow angel funds to invest in more number of Startups

Nov, 16

Startups can self certify for 3 years under 3 environmental laws in 36 “White” category industries (CPCB Notification dt. 5 Mar ’16)

MoLE advisory issued (dt.6 Apr’17) to all states for self certification under 6 labour laws extended for 3 to 5 years. 12 States/UTs have complied

Easier compliance based on Self-Certification

Online self certification for Labour Laws enabled through ‘Shram Suvidha’ portal

Startups can self certify under the Apprenticeship Rules, 1992 (MSDE)

Increased tenure of self-certified compliance, under labour laws, from 3 to 5 years (MoLE)

Startup India Learning Programlaunched on 16th January 2017

Startup India

Learning Program

Introduction to Entrepreneurship

Modules

Additional Resources

Discussion forums

Online workshops

Templates/ Resources

Idea Validation

Legal

Finance

Business Planning

Funding

Pitching

Business Plan

Startup India Learning ProgramProgress

4 week course | Free of Cost | Online learning program | Aspiring & early stage entrepreneurs | Available in English, Hindi (Odia, Marathi in pipeline)

22%

10 years work experience

Active on discussion forums

Have an idea

35%

Entrepreneurs/ freelancers

66%

67% 33%

From non Metros

Summary

Total Logged In Users 1,40,360

Content Consumed 1,65,860 hrs.

Total Course Completions 4,816

Increase Partnershipsfacilitating stakeholders

Platform showcases Innovative products of startups to Amazon’s

customers

1000 applications from Indian startups

300 applications qualified

100 Indian startups selling on Amazon under the Launchpad initiative

Connects startups with Global Angels, VCs and Startup Program

Collaborating for 5 International Events

Attract International Angel Investors

Investor database to serve as mentors through Startup India hub

Assisting in business advisory, deal flow, startup facilitation, and outreach

60+ applications received; batch begins in May 2017

Full-fledged incubation of 20 startups each year

Corporate Incubator being set up in Kolkata in the domains of Realty,

Education, Hospitality, etc.

600 Startups received mentorship

More than 5,000 applications for pitching

10 startups taken to Silicon Valley

6 mentorship sessions conducted by Global Leaders at Uber

Outreach Events

6Monitoring Committee Meetings

1 lakh + footfall

Startup India State Conference

Delhi

Startup India One Yr. Anniversary

Delhi

Jul, 2016 Jan, 2017

Startup PortugalBengaluru

Vibrant Gujarat Startup Summit

Oct, 2016

Startup Engagements Engaged with the ecosystem at 100+ events

Odisha Startup Summit, Odisha

Startup Fest,Rajasthan

Startup BiharConclave

Nov, 2016 Jan, 2017 Sep, 2016

Thank You