An Initiative by IIT Delhi Alumni

STARTUP INDIA, INCUBATORS & ACCELERATORS

STARTUP INDIA, INCUBATORS & ACCELERATORS

The potential scope for startups related to real estate, construction, smart cities, startups, design, engineering, science, technology & management discipline.

The startups initiated with innovative ideas, concept development, market research, data analysis, business model, planning, funding, establishment, operations in a very practical and strategic manner by single entrepreneur or group of professionals. Startups are the root of our economy by creating jobs and explore new innovations in various fields. Seed funding, venture capital, private equity, angel funding and bank finance are the common mode to accumulate finance for startups. Startups are instrumental to converge ideas into reality in the form of product or services and become an entrepreneur feels explicably happy.

Small and Medium Enterprises (SMEs) play a crucial role in driving the overall industrial and economic development of a nation. They contribute towards balanced regional development, economic diversification, and social stability in addition to creating employment and driving GDP growth. Hence, today, most parts of the world consider nurturing entrepreneurship among the foremost priorities for overall economic development. The entrepreneurial spirit and innovative nature of these SMEs have been crucial in driving competitiveness in the economy. MSMEs need to be technology literate to compete effectively, on the backdrop of increased competition in a global environment and uncertainty due to the global downturn. MSMEs will have to continuously incorporate latest technology into their production processes as well as in their marketing and management functions to cut costs, gain efficiency, and achieve economies of scale. However, the cost associated with implementation or adoption of technology, installing and maintaining information systems, and maintaining skilled workforce to operate the technology are high and as such would be of concern for many small firms. The key differentiators are innovations by startups in today’s dynamic market been considered as part of growing economy. Startups with innovative business ideas & business models have the ability to penetrate global market rapidly growing economic development & generation of employment to utilise human resources to establish meaningful social relation.

What to start ?

Starting a small business can be challenging and rewarding with encouragement, inspiration and confidence. why so many people start new businesses each year, what the advantages of starting a business and why it may be the right time for you to become an entrepreneur. What is your interest, demand, needs & opportunities in the preferred location, business environment, supporting infrastructure. Financial criteria, approvals and overall growth opportunities. Need an intelligent business idea? Want to start your own business but not sure about the business opportunities available? Get inspiration from our platform. The business model is the key document of any successful startup comprise business concept, product or services, design development, strategy, establishment, operations, management, maintenance, marketing, procurement, Inventory planning & management, Training & skill development, research & development, innovations, technology implementation with unique business approach for overall growth in organise and practical manner.

The Venture Capital Funds, Banks and Financial Institutions can list their organisation in prop Network section. The interested startups required financial assistance can approach to listed funds, banks or financial Institutions. The startups can refer listed directory and interact. Startups are the root of our economy by creating jobs and explore new innovations in various fields. Seed funding, venture capital, private equity, angel funding and bank finance are the common mode to accumulate finance for startups.

VENTURE CAPITAL

Venture capital is the form of risk capital invested under substential business risk to create cash flow with the offload of private equity.

PRIVATE EQUITY

Private Equity comprises of equity securities which are not offered to public through stock exchange. The individuals or firms acquired PE against funding to startups with the expectations of high Rate of return.

ANGEL FUNDING

Investment in businesses built on vibrant and new ideas enabled by path breaking use of technology. To see opportunities for wealth creation by entrepreneurial activity and rising growth aspirations. Successful strategic exit , angel investors release money against holding of equity in the company. Angel investor is an affluent individual, current or retired executives, business owners who provides capital for business startups at an early stage companies using high risk high return matrix.

BANK FINANCE

Financing is necessary at early stage of a business cycle. It is required to help MSME to develop new products, setup and expand their operations. India has a well developed financial system comprising banks & financial institutions for the diverse financial needs of startups as well as existing entrepreneurs. Various banks and financial institutions cater to the diverse financial needs of micro, small and medium industries on various terms.

Startup India initiative aims to fostering entrepreneurship and promoting innovation by creating an eco system conducive for the overall growth & development of startups. The knowledge based conference, seminars, workshops and exhibitions are being organised on national and international levels to share knowledge, promote the achievements, explore funding & investment opportunities.

Government Support

Small and Medium Enterprises (SMEs) play a pivotal role in driving the overall industrial and economic development of a nation. They contribute towards balanced regional development, economic diversification, and social stability in addition to creating employment and driving GDP growth. Hence, today, most parts of the world consider nurturing entrepreneurship among the foremost priorities for overall economic development. The entrepreneurial spirit and innovative nature of these SMEs have been crucial in driving competitiveness in the economy.. MSMEs need to be technology literate to compete effectively, on the backdrop of increased competition in a global environment and uncertainty due to the global downturn. MSMEs will have to continuously incorporate latest technology into their production processes as well as in their marketing and management functions to cut costs, gain efficiency, and achieve economies of scale. However, the cost associated with implementation or adoption of technology, installing and maintaining information systems, and maintaining skilled workforce to operate the technology are high and as such would be of concern for many small firms.

The key differentiators are innovations by startups in today’s dynamic market been considered as part of growing economy. Startups with innovative business ideas & business models have the ability to penetrate global market rapidly growing economic development & generation of employment. Unlike MSMEs which operate through clusters and have access to adequate infrastructure such uninterrupted power supply, access to tool room and testing centers, and adequate logistics and transport facilities, fragmented geography of non-cluster MSMEs makes it difficult for them to access quality infrastructure, thereby, constraining growth of these enterprises. To enable Indian MSMEs become globally competitive, it is necessary that they avail quality infrastructure, which enables them to increase production, improve quality, lower the costs, and achieve economies of scale to support individual innovators which will enable to achieve the agenda of inclusive development. The Government of India announced series of benefits and various schemes to promote startup eco system in India to drive sustainable economic growth and generate large scale employment opportunities.

Startup India action plan key features:

1. Compliance regime based on self certification

2. Startup India hub creation

3. Mobile App and portal launch

4. Patent Registration at lower cost

5. Relaxed Norms for startups in public procurement

6. Faster exit

7. Funding support through fund of funds and India aspiration fund to boost startups

8. Introduce credit guarantee funds

9. Exemption of capital gain tax

10 Tax exemption for initial years

11. Organise startup events to explore funding and PE opportunities

12. Launch Atal innovation mission

13. Encourage professionals & Institutes to set up incubation centers

14. Establish Innovation centers at National Institues

15. Setting up Research parks

Incubators :

Incubators support at initial phase to start and settle the business and accelerators helps to fuel the setup to grow in a fast pace of technology, MSME sectors, Industries, Products & Services. Startup incubators are a growing trend and a great thrust to support first time entrepreneurs across the world. There are all kinds of efforts in this direction – Government supported Institute based technology incubators, Private business incubators started by industry veterans and startup accelerators supported by companies and VC funds.

Individually there are differences between how they incubate, structure the program, operate, support/fund and accelerate the ventures. Incubator support the startup with necessary infrastructure, technology, prototype development, research assistance, help in getting funding assistance in business consulting, registration of firm, sales & marketing strategy and other necessary support. Growth through innovations and application of technology create startup eco system to foster innovation, concept creation, product development with an object to nurture successful technologies. To support holistic support environment to potential studies & entrepreneurs to translate their dreams into reality. Perspective entrepreneurs to convert their innovative ideas in to commercially viable products. Green technology, clean technology, waste to wealth, water & sewerage management. To foster innovation, research and entrepreneurial activities. Provide support & create environment to translate knowledge and innovation into creation of successful entrepreneurs information & mentoring Enhance communication and professional skills by interacting with recognized professionals.

Accelerators :

Accelerators accelerate the speed of your business. In most cases an existing business or an idea. The programs are short and intense. Whereas incubators incubate your early pre-product idea, help you make a prototype, and further make a product out of it. The engagement is longer than an accelerator. Our business model has turned into a combination of an incubation center and a digital platform where we serve two markets, the startups – for whom we act as the incubator – and the investors, for whom we act as the investment portfolio management advisor. This is the platform created for start-ups and motivated individuals to present their innovative products, technologies, ideas at incubation stage, to potential investors, research heads, VCs and industry captains to explore funding, investments and collaborative opportunities. The audience would usually be represented by Industry Leaders, Domain Experts, Venture Capitalists, Investors and Policy Makers.

Worldwide, the Micro Small and Medium Enterprises (MSMEs) have been deemed as the engine of economic growth facilitating job creation at the grass roots, balancing economic development, inclusive growth and more importantly fostering and bolstering the spirit of entrepreneurship which is critical for a nations’ economy. Indian MSMEs face enormous challenges in terms of productivity, technology upgrading and establishing a credible foothold in the global arena. MSMEs have to consistently scale up efforts to fuel manufacturing, innovate products / technologies, reconfigure and customize with creativity, assured quality and value addition to enhance the share in domestic and global market.