Business Ideas, Innovation, Startups

The hunt for the next big startup in India begins

Birla Institute of Technology and Science (BITS), Pilani, in collaboration with CampusStory – a YourStory initiative, brings to you BITS Pilani Entrepreneurship Conclave. Here’s an opportunity for budding entrepreneurs to showcase their innovative products and services. North India’s largest summit of its kind, the conclave will take place on March 30, 2019, as a part of APOGEE, the annual technical festival of BITS Pilani, on Pilani Campus.

BITS PILANI-BPLAN competition

BITS Pilani Entrepreneurship Conclave, powered by ABInBev Innovation Brewery, aims to redefine entrepreneurship and product innovation, and build conversation on the new frontiers of startups.

Additionally, the conclave serves to provide next-gen founders with an opportunity to showcase their budding ventures at a national platform to top mentors and investors. With exciting prizes and rewards for the winners, Pillani Entrepreneurship Conclave is the ideal platform for all ambitious entrepreneurs to showcase their vision and business acumen.

Save the date

March 30, 2019

Venue: BITS Pilani, Pilani, Jhunjhunu, Rajasthan – 333031

The conclave is set to have three flagship events, including a B-Plan Competition, keynote talks by the who’s who of the Indian startup ecosystem, and workshops to help participants develop the necessary skills to thrive in the ecosystem.

In addition to being a part of this platform, you will have a chance to:

  1. Present your startup at the BITS Pilani Entrepreneurship Conclave in front of India’s top investors and founders.
  2. Have a go at Speed Dating – Investor Networking: A platform to build associations and connections with some of the top professionals of the country.
  3. Network with other startup founders extensively.
  4. Win exciting prizes and goodies worth Rs 1,00,000

Click Here for more details –  https://yourstory.com/2019/02/bits-pilani-entrepreneurship-conclave/

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Business Ideas, Calendar, Finance, News, Startups

National Entrepreneurship Awards Scheme (NEAS)

MoSDE has recently announced the Second Call for Application for  National Entrepreneurship Awards Scheme (NEAS)’2017.

The Application window is open from 28th July’17 to 15th Sept’17.

About the Award

 

National Entrepreneurship Awards Scheme (NEAS) has been instituted by the Ministry of Skill Development and Entrepreneurship (MoSDE) to encourage a culture of entrepreneurship across the country.

These premier awards seek to recognise and honour entrepreneurs and entrepreneurship ecosystem builders for their outstanding efforts.

 

There are two tracks under this scheme of awards

 

  1. Award Track  –To honor exceptional entrepreneurs from various sectors.
  • Award money of INR 5 lakh each to the enterprise + Trophy and Certificate
  • A total of 17 Awards under various categories are covered  under Award Track.
  1. Recognition Track –Institutions and Mentors engaged in Entrepreneurship Development
  • Award money of INR 10 lakh each (organisations/institutes) and INR 5 lakh (mentor)  + Trophy and Certificate
  • A total of 6 Awards covered  under Recognition track

 

For more details visit www.neas.gov.in

‘National Entrepreneurship Awards’ Scheme

The National Entrepreneurship Awards have been instituted by the Ministry of Skill Development and Entrepreneurship (MoSDE) to encourage a culture of entrepreneurship across the country. These premier awards seek to recognise and honour entrepreneurs and entrepreneurship ecosystem builders for their outstanding efforts in the field of entrepreneurship development. The Awards also seek to highlight models of excellence for others to emulate and improve upon.

The Call for Application is now open from 28.07.2017- 15.09.2017. Applications should be filled online on www.neas.gov.in.  Also, visit this website for further details.

Regards,

Vandana Vyas

Manager Outreach

Society for Innovation & Entrepreneurship(SINE),IIT Bombay

3rd Floor CSRE Building,IIT Bombay,Powai,Mumbai,IN 400 076

Email: vandana@sineiitb.org

Tel: +91 22 2572 1197

Mob: 9819225007

 

Business Ideas, People / Stories, Startups

getNatty

Two Zoroastrian (Parsi) Entrepreneurs have started up an Internet Technology platform for young Fashion Designers that helps them showcase their creative talent and get orders directly from their customers worldwide without any middle man involved. Check out their startup at www.getNatty.com and give support to such budding entrepreneurs who can continue making our community proud.

Motivations, Startups

Startup India scheme

startupindia18116

The benefits for startup India includes self-certification and a three-year exemption from inspections, an online portal and mobile app, an 80% in the patent application fee and a single-point hub for hand-holding

Prime Minister Narendra Modi on Saturday launched the “Start-Up India Action Plan” that aims to enable an eco-system to promote and nurse entrepreneurship across the country. What exactly is the plan and the details of the scheme?

So what exactly is Startup India?
Startup India in an action plan to develop an ecosystem to promote and nurture entrepreneurship across the country. This is based on an action plan aimed at promoting bank financing for start-up ventures to boost entrepreneurship and encourage startups with jobs creation. The campaign was first announced by Prime Minister Modi in his 15 August 2015 address from the Red Fort.

What is a startup?
A startup is an entity, private, partnership or limited liability partnership (LLP) firm that is headquartered in India, which was opened less than five years ago and have an annual turnover less than Rs25 crore. To be eligible for considering as startup, the entity should not be formed by splitting up or reconstruction and its turnover should not have crossed Rs25 crore during its existence.

What are the advantages?
Under the Scheme, no inspection would be carried out on start-ups for three years regarding labour laws. In addition, environment law compliance is required only post-self certification.

Are there financial benefits?
In patent costs, the startups can claim an 80% rebate. That means, if a startup applies for a patent, the government will fund the defence of the patent, and give rebate of 80% in the fees. The government will also pay fees of the facilitator for helping the startup obtain the patent. Faster patent registration and protection for Intellectual Property Rights (IPRs) is provided under the Scheme. Patent filing procedures to be simplified. Significant reduction in fees for filing Patents.

What are the advantages for startups regarding registration?
The government is launching a mobile app on 1 April 2016 and a portal that will allow companies to register in a day. In addition, there would be a single point of contact for Start-up India hub. In addition, there will be single window clearance for clearances, approvals, and registrations.

What is the government’s role in boosting start ups?
The Ministry of Human Resource Development (HRD) and the Department of Science and Technology have agreed to partner in an initiative to set up over 75 startup support hubs in the National Institutes of Technology (NITs), the Indian Institutes of Information Technology (IIITs), the Indian Institutes of Science Education and Research (IISERs) and National Institutes of Pharmaceutical Education and Research (NIPERs).

What are the special benefits for startups in public procurement?
Startups in the manufacturing sector are exempted from the criteria of prior ‘experience/ turnover’ without any relaxation in quality standards or technical parameters in public procurement (by government).

How much funding is available for this scheme?
Rs10,000-crore fund for new enterprises, equal opportunity in government procurement, a Rs500-crore credit guarantee scheme and easier exit norms. Japanese Softbank, which had already invested $2 billion in Indian startups, has pledged total investments of $10 billion.

What are benefits under the provision on Income Tax?
Under the Scheme, Income Tax exemption is available for first three years. However, the startup will be eligible for tax benefits only after obtaining certificate from the Inter-Ministerial Board, setup for this purpose.

Is there any exemption in capital gains tax?
Yes. If the money is invested in fund of funds recognised by the government, the investor can claim capital gains tax exemptions. In addition, existing capital gain tax exemption for investment in newly formed MSMEs by individuals shall be extended to all startups.

What is the eligibility for startups?
To become eligible as a startup and get a green signal from the Inter-Ministerial Board, the entity should be the one which aims to develop and commercialise, a new product or service or process or a significantly improved existing product or service or process that will create or add value for customers or workflow. Products, services or process, which do not have potential for commercialisation or is undifferentiated or have no or limited incremental value will not be considered under the Scheme. To be considered as eligible as startup the entity, should be supported by
a recommendation (with regard to innovative nature of business), in a format specified by DIPP, from an Incubator established in a post-graduate college in India an incubator, which is funded (in relation to the project) from GoI as part of any specified scheme to promote innovation 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 an Incubation Fund/ Angel Fund/ Private Equity Fund/ Accelerator/Angel Network duly registered with SEBI that endorses innovative nature of the business 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.

 
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http://www.moneylife.in/article/all-you-wanted-to-know-about-startup-india-scheme/45034.html