STARTUP ECOSYSTEM IN INDIA
1SCENARIO IN INDIA
  • Startup India flagship initiative launched by the Government of India in 2016
  • India – 3rd largest startup ecosystem around the globe
  • 3-4 startups commencing every day
  • 11,129 startups recognized till July 2018
2GOVERNMENT GRANTS TO DEVELOP STARTUP CULTURE
  • SIDBI (Small Industries Development Bank of India) provided funds to 45 startups.
    Major funds managed by SIDBI:
    • Fund-of-funds Startups: USD 1.54 Bn available for contribution to various Alternative Investment Funds (AIFs)
    • India Aspiration Fund: USD 307.70 Mn sector agnostic fund for startups
    • ASPIRE fund: USD 47.73 million available for funding agro based startups
  • Modified Special Incentive Scheme (M-SIPS) - 243 applications received under the scheme and 75 applications approved involving investment proposals of USD 2.76 Bn
  • Venture capital scheme - 1674 projects across the country, investing a total of 76.21 Mn USD in venture and helping to leverage 915.5 Mn USD in total project investment
  • Credit Guarantee Scheme for Startups - Provides a corpus contribution of 307.7 Bn USD that enables startups to raise loans without any collateral for their business purposes and limit is set 769,230 USD per case inclusive of term loan
  • 3.7 Mn USD support funds to reform R&D of startups through industrial linkages using multiplier grants scheme
  • New generation Innovation and Entrepreneurship Development Centre (IEDC) - Provides one-time, non-recurring financial assistance up to maximum of 38,500 USD for knowledge-based and technology-driven startup
3ATAL INCUBATION CENTER
  • Incubation and funding support - 550 startups mentored
  • 220,000 registrations achieved
  • More than one lakh queries handled by the Startup India Hub as of June, 2018
  • 80 incubation centers including Atal Incubation Centers and Established Incubation Centers selected for funding by NITI Aayog
  • 2,441 schools selected for establishing tinkering labs under Atal Innovation Mission and 18,461 USD each disbursed to 1,657 tinkering labs
  • 15 Startup Centers approved for building Innovation Centers at National Institutes jointly by Department of Science and Technology and Ministry of Human Resource Development
  • 360 startups incubated in the Atal Incubation Centers and Established Incubation Centers
4INTELLECTUAL PROPERTY RIGHTS
  • Patent Rules, 2003 and Trade Mark Rules, 2017 have been amended to streamline processes to make them more user-friendly
  • A Scheme for facilitating startups Intellectual Property Protection (SIPP) has been launched for encouraging innovation and creativity of startups. 80% rebate is provided to startups on patent filing fees and 50% rebate for trademark filing
  • Support for International Patent Protection in Electronics & Information Technology (SIP-EIT) offers 50% of expenses incurred in patent filing or USD 21,400, whichever is less
  • 1,029 facilitators empanelled to assist startups in filing of patents and trademarks
As on September 2018

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