Startup India is an initiative of the

Government of India The Government of India (ISO: ; often abbreviated as GoI), known as the Union Government or Central Government but often simply as the Centre, is the national government of the Republic of India, a federal democracy located in South Asia, ...

. The campaign was first announced by

Indian Prime Minister The prime minister of India (IAST: ) is the head of government of the Republic of India. Executive authority is vested in the prime minister and their chosen Council of Ministers, despite the president of India being the nominal head of the ...

Narendra Modi Narendra Damodardas Modi (; born 17 September 1950) is an Indian politician serving as the 14th and current Prime Minister of India since 2014. Modi was the Chief Minister of Gujarat from 2001 to 2014 and is the Member of Parliament fro ...

during his speech on 15 August 2015. The action plan of this initiative is focussing on three areas: # Simplification and Handholding. # Funding Support and Incentives. # Industry-Academia Partnership and Incubation. An additional area relating to this initiative is to discard restrictive States Government policies within this domain, such as

License Raj The Licence Raj or Permit Raj (''rāj'', meaning "rule" in Hindi) was the system of licences, regulations, and accompanying red tape, that hindered the set up and running of businesses in India between 1947 and 1990. Up to 80 government agencies ...

, Land Permissions, Foreign Investment Proposals, and Environmental Clearances. It was organized by The Department for promotion of industry and internal trade ( DPI&IT). A startup defined as an entity that is headquartered in

India India, officially the Republic of India (Hindi: ), is a country in South Asia. It is the seventh-largest country by area, the second-most populous country, and the most populous democracy in the world. Bounded by the Indian Ocean on the so ...

, which was opened less than 10 years ago, and has an annual turnover less than . Under this initiative, the government has already launched the I-MADE program, to help Indian entrepreneurs build 10 lakh (1 million) mobile app start-ups, and the MUDRA Bank's scheme (Pradhan Mantri Mudra Yojana), an initiative which aims to provide micro-finance, low-interest rate loans to entrepreneurs from low socioeconomic backgrounds. Initial capital of has been allocated for this scheme. Recently Indian Prime Minister announced "India will celebrate January 16 as ‘National Start-up Da

Hon’ble PM awarded 48 startups on the eve of first National startup day. This time from Pune, Maharashtra, four startups got the award.

Key points

* 10,000 crore startup funding pool. * Reduction in patent registration fees. * Improved Bankruptcy Code, to ensure a 90-day exit window. * Freedom from inspections for the first 3 years of operation. * Freedom from Capital Gain Tax for first 3 years of operation. * Freedom from tax for the first 3 years of operation. * Self-certification compliance. * New schemes to provide IPR protection to startup firms. * Built Startup Oasis as Rajasthan Incubation Center.

Launch

The event was inaugurated on 16 January 2016 by Minister of Finance (India), The Former Finance Minister of India

Arun Jaitley Arun Jaitley (28 December 1952 – 24 August 2019) was an Indian politician and attorney. A member of the Bharatiya Janata Party, Jaitley served as the Minister of Finance and Corporate Affairs of the Government of India from 2014 to 2019. Jai ...

. Among the attendees were CEOs, startup founders and venture capitalists.

Government's role

Entrepreneurship Entrepreneurship is the creation or extraction of economic value. With this definition, entrepreneurship is viewed as change, generally entailing risk beyond what is normally encountered in starting a business, which may include other values t ...

is made above posts like organized and policy pillar, opportunity of capital and entrepreneurial civilization. In an emerging society such as India, the government should regulate entrepreneurship and encourage commercialization of bright plans by imitating the startup environment in the expanded states. The

Ministry of Human Resource Development The Ministry of Education ( MoE; formerly the Ministry of Human Resource Development from 1985 to 2020) is a ministry of the Government of India, responsible for the implementation of the National Policy on Education. The Ministry is further d ...

and the Department of Science and Technology have agreed to partner in an initiative to set up over 75 such startup support hubs in the

National Institutes of Technology The National Institutes of Technology (NITs) are the central government-owned-public technical institutes under the ownership of Ministry of Education, Government of India. They are governed by the National Institutes of Technology, Scienc ...

(NITs), the

Indian Institutes of Information Technology Indian Institutes of Information Technology (IIITs) are a group of 26 interdisciplinary technology-based- engineering research institutions in India which are focused on information technology. Five of them are established, funded and managed ...

(IIITs), the

Indian Institutes of Science Education and Research Indian Institutes of Science Education and Research (IISERs) are a group of premier public research institutions in India. The institutes were established by the Government of India through the Ministry of Human Resource Development (MHR ...

(IISERs) and

National Institutes of Pharmaceutical Education and Research National Institute of Pharmaceutical Education and Research (NIPERs) are a group of national level institutes of pharmaceutical sciences or Pharmacy school in India. The Government of India has declared the NIPERs as Institutes of National Imp ...

(NIPERs). The Department for Promotion of Industry and Internal Trade (DPIIT) is mandated to coordinate implementation of Startup India initiative with other Government Departments. Apart from DPIIT, the initiatives under Startup India are driven primarily by five Government Departments viz. Department of Science and Technology (DST), Department of Bio-technology (DBT),

(MHRD), Ministry of Labour and Employment,

Ministry of Corporate Affairs The Ministry of Corporate Affairs is an Indian government ministry primarily concerned with administration of the Companies Act 2013, the Companies Act 1956, the Limited Liability Partnership Act, 2008, and the Insolvency and Bankruptcy Code, 2 ...

(MCA) and NITI Aayog. Government of India has made fast paced efforts towards making the vision of Startup India initiative a reality. Substantial progress has been made under the Startup India initiative, which has stirred entrepreneurial spirit across the country. The

Reserve Bank of India The Reserve Bank of India, chiefly known as RBI, is India's central bank and regulatory body responsible for regulation of the Indian banking system. It is under the ownership of Ministry of Finance, Government of India. It is responsible f ...

said it will take steps to help improve the ‘ease of doing business’ in the country and contribute to an ecosystem that is conducive for the growth of start-up businesses. Proactive action from state and central government is spurring growth and fostering the entrepreneurial culture in the country. The government initiatives and policies are creating a favourable environment for startups, enabling expansion of infrastructure, co-working spaces, incubators, accelerators and in certain cases access to funding and market.

Investments

SoftBank is a Japanese multinational conglomerate holding company headquartered in Minato, Tokyo which focuses on investment management. The Group primarily invests in companies operating in technology, energy, and financial sectors. It also runs the Vi ...

, which is headquartered in Japan, has invested into Indian startups. The Japanese firm has pledged to invest .

Google Google LLC () is an American Multinational corporation, multinational technology company focusing on Search Engine, search engine technology, online advertising, cloud computing, software, computer software, quantum computing, e-commerce, ar ...

declared to launch a startup, based on the highest votes in which the top three startups will be allowed to join the next Google Launchpad Week, and the final winner could win an amount of in Google cloud credits. Oracle on 12 February 2016 announced that it will establish nine incubation centers in Bengaluru,

Chennai Chennai (, ), formerly known as Madras ( the official name until 1996), is the capital city of Tamil Nadu, the southernmost Indian state. The largest city of the state in area and population, Chennai is located on the Coromandel Coast of th ...

, Gurgaon,

Hyderabad Hyderabad ( ; , ) is the capital and largest city of the Indian state of Telangana and the ''de jure'' capital of Andhra Pradesh. It occupies on the Deccan Plateau along the banks of the Musi River, in the northern part of Southern India ...

Mumbai Mumbai (, ; also known as Bombay — List of renamed Indian cities and states#Maharashtra, the official name until 1995) is the capital city of the Indian States and union territories of India, state of Maharashtra and the ''de facto'' fin ...

Noida Noida, short for New Okhla Industrial Development Authority, is a planned city located in Gautam Buddha Nagar district of the Indian state of Uttar Pradesh. Noida is a satellite city of Delhi and is a part of the National Capital Region (NCR) o ...

Pune Pune (; ; also known as Poona, ( the official name from 1818 until 1978) is one of the most important industrial and educational hubs of India, with an estimated population of 7.4 million As of 2021, Pune Metropolitan Region is the largest i ...

Trivandrum Thiruvananthapuram (; ), also known by its former name Trivandrum (), is the capital of the Indian state of Kerala. It is the most populous city in Kerala with a population of 957,730 as of 2011. The encompassing urban agglomeration populatio ...

and

Vijayawada Vijayawada, formerly known as Bezawada, is the second largest city in the Indian state of Andhra Pradesh and is a part of the state's Capital Region. It is the administrative headquarters of the NTR district. Its metropolitan region comprises N ...

. Rs 1000 crore

Fund of Funds A "fund of funds" (FOF) is an investment strategy of holding a portfolio of other investment funds rather than investing directly in stocks, bonds or other securities. This type of investing is often referred to as multi-manager investment. A ...

for startups are reserved for women-led startups. On fifth anniversary of the Startup India initiative,

PM Modi Narendra Damodardas Modi (; born 17 September 1950) is an Indian politician serving as the 14th and current Prime Minister of India since 2014. Modi was the Chief Minister of Gujarat from 2001 to 2014 and is the Member of Parliament from ...

announces Rs 1,000 crore 'Startup India Seed Fund'

State initiatives

Kerala Kerala ( ; ) is a state on the Malabar Coast of India. It was formed on 1 November 1956, following the passage of the States Reorganisation Act, by combining Malayalam-speaking regions of the erstwhile regions of Cochin, Malabar, South ...

has initiated a government startup nodal agency called Kerala Startup Mission (KSUM). KSUM supports startup ecosystem by means of different components such as Infrastructure, Human Capital Development, Funding, Governance, Public-Private partnerships, Global collaborations, Scaling Existing, and Establishing New startup ventures from Startup-Boot Up-Scale up model for moving fast from ideas to IPO. The state also matches the funding raised by its incubator from Central government with 1:1.

Telangana Telangana (; , ) is a state in India situated on the south-central stretch of the Indian peninsula on the high Deccan Plateau. It is the eleventh-largest state and the twelfth-most populated state in India with a geographical area of and 3 ...

has taken “exemplary initiatives” by establishing the exclusive women’s incubator WE HUB
the Telangana Innovation Fund
(T-Fund, an early stage investing vehicle in collaboration with global investor), and the government mentor program (GMP) to bridge the gap between states and startups.

Andhra Pradesh Andhra Pradesh (, abbr. AP) is a state in the south-eastern coastal region of India. It is the seventh-largest state by area covering an area of and tenth-most populous state with 49,386,799 inhabitants. It is bordered by Telangana to the ...

has allocated a 17,000-sq.ft. Technological Research and Innovation Park as a Research and Development laboratory. It has also created a fund called Initial Innovation Fund of for entrepreneurs. The government of

Madhya Pradesh Madhya Pradesh (, ; meaning 'central province') is a state in central India. Its capital is Bhopal, and the largest city is Indore, with Jabalpur, Ujjain, Gwalior, Sagar, and Rewa being the other major cities. Madhya Pradesh is the seco ...

has collaborated with the Small Industries Development Bank of India (SIDBI) to create a fund of .

Rajasthan Rajasthan (; lit. 'Land of Kings') is a state in northern India. It covers or 10.4 per cent of India's total geographical area. It is the largest Indian state by area and the seventh largest by population. It is on India's northwestern s ...

has launched iStart Rajasthan & India's largest business incubation center - Bhamashah Techno Hub. In order to promote start-ups in

Odisha Odisha (English: , ), formerly Orissa ( the official name until 2011), is an Indian state located in Eastern India. It is the 8th largest state by area, and the 11th largest by population. The state has the third largest population of ...

, the state government organised a two-day Start-up Conclave in

Bhubaneswar Bhubaneswar (; ) is the capital and largest city of the Indian state of Odisha. The region, especially the old town, was historically often depicted as ''Ekamra Kshetra'' (area (''kshetra'') adorned with mango trees (''ekamra'')). Bhubaneswar is ...

on 28 November 2016. Maharashtra State Innovation Society (MSInS) presented Maharashtra’s Startup pillars & best practices for the participating states, explaining the journey of building an innovative and entrepreneurial culture in the state. The state officials visited the Society for Innovation and Entrepreneurship (SINE), an umbrella organization at the Indian Institute of Technology (IIT), Mumbai for fostering entrepreneurship and nurturing tech startups. Field visits to Biomedical Engineering and Technology In Biomedical Incubation Center (

BETiC BETIC (Biomedical Engineering and Technology (incubation) Centre) based at Indian Institute of Technology Bombay is an inter-disciplinary multi-institution initiative for medical device innovation. Established in 2014 with support from the gove ...

), IIT Mumbai, and Research Innovation Incubation Design Labs (Riidl) were also conducted.

Startup Mission, the state nodal agency for supporting technology startups in the state had envisaged and constructed the Technology Innovation Zone which is a 13-acre Startup Campus where multiple sector incubators and accelerators come together with industry participation. The state officials visited the Integrated Startup Complex, BioNest, and InQ Co-Working Space. Indian states with their own startup initiatives as of June 2017 include

West Bengal West Bengal (, Bengali: ''Poshchim Bongo'', , abbr. WB) is a state in the eastern portion of India. It is situated along the Bay of Bengal, along with a population of over 91 million inhabitants within an area of . West Bengal is the fou ...

Uttar Pradesh Uttar Pradesh (; , 'Northern Province') is a state in northern India. With over 200 million inhabitants, it is the most populated state in India as well as the most populous country subdivision in the world. It was established in 1950 ...

Karnataka Karnataka (; ISO: , , also known as Karunāḍu) is a state in the southwestern region of India. It was formed on 1 November 1956, with the passage of the States Reorganisation Act. Originally known as Mysore State , it was renamed ''Karnat ...

Gujarat Gujarat (, ) is a state along the western coast of India. Its coastline of about is the longest in the country, most of which lies on the Kathiawar peninsula. Gujarat is the fifth-largest Indian state by area, covering some ; and the ninth ...

Jharkhand Jharkhand (; ; ) is a state in eastern India. The state shares its border with the states of West Bengal to the east, Chhattisgarh to the west, Uttar Pradesh to the northwest, Bihar to the north and Odisha to the south. It has an area of . I ...

Goa Goa () is a state on the southwestern coast of India within the Konkan region, geographically separated from the Deccan highlands by the Western Ghats. It is located between the Indian states of Maharashtra to the north and Karnataka to the ...

, Bihar, Chhattisgarh,

, and

Uttarakhand Uttarakhand ( , or ; , ), also known as Uttaranchal ( ; the official name until 2007), is a state in the northern part of India. It is often referred to as the "Devbhumi" (literally 'Land of the Gods') due to its religious significance and ...

State rankings

The result of first ever startup state ranking were announced in December 2018 by the Department of Industry and Internal Trade based on the criteria of policy, incubation hubs, seeding innovation, scaling innovation, regulatory change, procurement, communication, North-Eastern states, and hill states.DIPP ranking: Gujarat on top
Economic Times, 20 Dec 2018. The 2018 Startup State Rankings are: * Best performer:

* Top performers:

, and

* Leader:

Bihar Bihar (; ) is a state in eastern India. It is the 2nd largest state by population in 2019, 12th largest by area of , and 14th largest by GDP in 2021. Bihar borders Uttar Pradesh to its west, Nepal to the north, the northern part of West ...

, Chhattisgarh,

, and

* Aspiring leaders:

Haryana Haryana (; ) is an Indian state located in the northern part of the country. It was carved out of the former state of East Punjab on 1 Nov 1966 on a linguistic basis. It is ranked 21st in terms of area, with less than 1.4% () of India's land a ...

Himachal Pradesh Himachal Pradesh (; ; "Snow-laden Mountain Province") is a state in the northern part of India. Situated in the Western Himalayas, it is one of the thirteen mountain states and is characterized by an extreme landscape featuring several peaks ...

, and

* Emerging states:

Assam Assam (; ) is a state in northeastern India, south of the eastern Himalayas along the Brahmaputra and Barak River valleys. Assam covers an area of . The state is bordered by Bhutan and Arunachal Pradesh to the north; Nagaland and Manipur ...

Delhi Delhi, officially the National Capital Territory (NCT) of Delhi, is a city and a union territory of India containing New Delhi, the capital of India. Straddling the Yamuna river, primarily its western or right bank, Delhi shares borders ...

, Jammu and Kashmir, Maharashtra,

Punjab Punjab (; Punjabi: پنجاب ; ਪੰਜਾਬ ; ; also romanised as ''Panjāb'' or ''Panj-Āb'') is a geopolitical, cultural, and historical region in South Asia, specifically in the northern part of the Indian subcontinent, comprising a ...

Tamil Nadu Tamil Nadu (; , TN) is a state in southern India. It is the tenth largest Indian state by area and the sixth largest by population. Its capital and largest city is Chennai. Tamil Nadu is the home of the Tamil people, whose Tamil language ...

, and

* Beginners:

Chandigarh Chandigarh () is a planned city in India. Chandigarh is bordered by the state of Punjab to the west and the south, and by the state of Haryana to the east. It constitutes the bulk of the Chandigarh Capital Region or Greater Chandigarh, which a ...

Manipur Manipur () ( mni, Kangleipak) is a state in Northeast India, with the city of Imphal as its capital. It is bounded by the Indian states of Nagaland to the north, Mizoram to the south and Assam to the west. It also borders two regions of ...

Mizoram Mizoram () is a state in Northeast India, with Aizawl as its seat of government and capital city. The name of the state is derived from "Mizo", the self-described name of the native inhabitants, and "Ram", which in the Mizo language means "lan ...

Nagaland Nagaland () is a landlocked state in the northeastern region of India. It is bordered by the Indian states of Arunachal Pradesh to the north, Assam to the west, Manipur to the south and the Sagaing Region of Myanmar to the east. Its capital cit ...

Puducherry Puducherry or Pondicherry may refer to: * Puducherry (union territory), a union territory of India ** Pondicherry, capital of the union territory of Puducherry ** Puducherry district, a district of the union territory of Puducherry ** Puducherry t ...

Sikkim Sikkim (; ) is a state in Northeastern India. It borders the Tibet Autonomous Region of China in the north and northeast, Bhutan in the east, Province No. 1 of Nepal in the west and West Bengal in the south. Sikkim is also close to the Silig ...

, and

Tripura Tripura (, Bengali: ) is a state in Northeast India. The third-smallest state in the country, it covers ; and the seventh-least populous state with a population of 36.71 lakh ( 3.67 million). It is bordered by Assam and Mizoram to the ea ...

The second edition of the exercise was launched in 2019 and has now been completed with active participation of 22 states and 3 Union Territories. After the successful completion of a rigorous evaluation process, Shri

Piyush Goyal Piyush Vedprakash Goyal (born 13 June 1964) is a politician, chartered accountant and cabinet minister of the Government of India having portfolios such as Minister of Textiles, Minister of Commerce and Industry and Minister of Consumer Affa ...

, Hon’ble Minister of Railways and Commerce & Industry, announced the results of the 2nd edition of States’ Startup Ranking on 11 September 2020, at an event held at the National Media Centre, New Delhi. * Best performer:

, Andaman & Nicobar Island * Top performers:

* Leader: Maharashtra,

* Aspiring leaders:

* Emerging startup ecosystems: Chhattisgarh,

Higher education alliances

As per the "Industry-Academia Partnership and Incubation" focus of the Startup India initiative, the Union Ministry of Human Resource Development has announced plans for the development of "Research Parks" to be created in partnership with higher education providers across

. An initial investment of Rs.100 crore, has been set aside for the program, which aims to provide students with access to funds and mentorship for startups. The Innovation in Mobile App Development Ecosystem (I-MADE) program was also rolled-out in February 2016. An initiative developed in partnership with The Department Of Telecommunications (Govt of India), Telecom Centers of Excellence (TCOE), EVC Ventures, and Unified, it aims to help Indian entrepreneurs create mobile app startups. The program is scheduled to last for 5 years, and has collaborated with 11 Indian universities.

References

* * * https://www.startupindia.gov.in/content/dam/invest-india/compendium/National_Report_09092020-Final.pdf * * https://www.startupindia.gov.in/content/dam/invest-india/Templates/public/Action%20Plan.pdf * {{Government Schemes in India Modi administration initiatives Entrepreneurship in India 2015 establishments in India

Key points

Launch

Government's role

Investments

State initiatives

State rankings

Higher education alliances

See also

References