Startup India Hub: World’s Largest Virtual Hub

Making India a startup hub by nurturing young talents and enabling youth at the grassroots level is the main aim of Startup India feels Chandragupta Amritkar.

The Startup India initiative was launched in 2016, by Indias Hon’ble Prime Minister, Modi. The Prime Minister unveiled an Action Plan consisting of 19 Action Points that act as a guiding document for the startup initiative. “The whole aim is to empower Startup ventures to boost entrepreneurship, economic growth, and employment across India. This means catalysing startup culture and building an inclusive ecosystem for innovation and entrepreneurship in India,” said a government official. And truly Startup India is scaling new heights and giving wings to millions of aspirations.

Since the inception of the initiative:

The Government has recognised over 75,000 startups

  • These startups are spread over 647 districts from 30 States and 7 Union Territories of India
  • A ₹10,000 Cr ‘fund of funds’ is being managed for growing the domestic venture capital industry
  • A ₹1,000 Cr Startup India seed fund has been launched in 2021 to aid setting up and growth of new startups
  • Creation of 5.2 lakh jobs across the country, with 45% of them having a base in Tier 2 – Tier 3 cities
  • India is the largest in number of startups being added every hour (4 startups/per hour), 3rd largest in number of startups and the 3rd largest unicorn community
  • 32 Regulations simplified for startups – including Angel Tax
  • Over 220 Income Tax Exemptions
  • Over 250 SIDBI Fund of Funds

They have also built a virtual incubation platform for startup ecosystem stakeholders, to network with each other, have access to resources, tools & templates that would help them throughout their journey. It is currently the world’s largest virtual hub.

Startup India Seed Fund Scheme (SISFS) aims to provide financial assistance to startups for proof of concept, prototype development, product trials, market entry and commercialization. This would enable these startups to graduate to a level where they will be able to raise investments from angel investors or venture capitalists, or seek loans from commercial banks or financial institutions. The Seed Fund will be disbursed to eligible startups through eligible incubators across India.

Criteria – A startup, recognized by DPIIT, incorporated not more than 2 years ago at the time of application and Startup must have a business idea to develop a product or a service with market fit, viable commercialization, and scope of scaling.

Startup India Learning Program is a free online entrepreneurship program by Startup India. The aim is to help entrepreneurs get their ideas and ventures to the next level through structured learning. The program covers lessons on key areas of starting up by 40+ top founders of India in an extensive 4-Week Program.

Online Directory
Startup India has a vast online directory to connect with other stakeholders in the Indian Startup Ecosystem.
STARTUPS – Connect with 50K+ Startups spread across all sectors and stages
INVESTORS – An opportunity to get in touch with individual/institutional Investors
MENTORS – Get a chance to connect with a wide range of Mentors ready to mentor a Startup
INCUBATORS – Connect with Government, Private and Institutional Incubators registered with us
ACCELERATORS – Explore a wide range of Accelerators & connect for your chance to scale up
GOVERNMENT BODIES – 30+ Government Departments registered on the portal. Register and connect
KNOWLEDGE BANK FOR STARTUPS – Your online guide to starting a business in India, with an overview of key terms, processes, stakeholders, legal requirements and more
PARTNERED SERVICES – Avail valuable services for free from our partnered providers, including legal help, banking, cloud services and more.
ONLINE COURSES – Keep your skills updated with our curated list of entrepreneur-friendly courses on topics ranging from data analytics to design thinking
INNOVATION CHALLENGES – Participate in corporate & government challenges to get noticed, win cash grants, incubation, mentorship support and more.

Eligible Sectors for Startups – Advertising, Aeronautics Aerospace & Defence, Agriculture, AI, Airport Operations, Analytics, Animation, AR VR (Augmented + Virtual Reality), Architecture Interior Design, Art & Photography, Automotive, Biotechnology, Chemicals, Computer Vision, Construction, Dating Matrimonial, Design, Education, Enterprise Software, Events, Fashion, Finance Technology, Food & Beverages, Green Technology, Healthcare & Life sciences, House-Hold Services, Human Resources, Indic Language Startups, IoT, IT Services, Logistics, Media & Entertainment, Nanotechnology, Non- Renewable Energy, Other Specialty Retailers, Pets & Animals, Real Estate, Renewable Energy, Retail, Robotics, Safety, Security Solutions, Social Impact, Social Network, Sports, Technology Hardware, Telecommunication & Networking, Textiles & Apparel, Toys and Games, Transportation & Storage, Travel & Tourism, Waste Management.

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