StartupIndia portal

1.1 Startups Startups are companies that believe in innovation, and their entry into the market disrupts the market. COVID-19 provided opportunities for individuals with ideas to enter the entrepreneurial ecosystem. Startup entrepreneurs, being visionaries, enter the business arena with the hope of creating a lot of employment opportunities, revenue, and customer satisfaction. The successful company that gets listed in the market makes a huge profit for the owner. The latest addition to the Indian unicorn club is 5ire. 1.2 Qualification Standards for Startup Recognition: Startups may submit an application for recognition under the Startup India Action Plan if they meet the requirements stated in G.S.R. notice 127 (E). Startups must include supporting materials with their applications. • The startup must be registered as a limited liability partnership, a partnership firm, or a private limited company. • And it must have had a turnover of less than INR 100 billion in any of the past fiscal years. • A company is considered a startup for ten years after its foundation. The startup should be attempting to innovate or improve current goods, services, and procedures, and it should have the potential to produce money and jobs. 1.3 Startup India Initiative On January 16, 2016, under the Ministry of Commerce and Industry, a 19 point, Startup India Initiative was inaugurated by Mr. Narendra Modi, the Prime Minister of the Government of India. Startup India: The Way Ahead - is a part of the Aatma Nirbhar Bharat which aims to sustainable development and self-reliance, self-dependency. The objectives of the initiatives are to support entrepreneurs, build a strong startup ecosystem and make India a country of job opportunities. It focuses on three basic ideas: • Simplification and Handholding • Funding Support and Incentives. • Industry-Academia Partnership and Incubation. 1.4 Startup India Portal. The Startup India portal is a ready reckoner portal for startups in India. This online portal provides the startup ecosystem an opportunity to register, network, participate, and access useful tools and resources for free. It also enables the mentors to register online. Website: www.startupindia.gov.in. Eligible entrepreneurs, startups, investors, accelerators, corporates, incubators, government bodies can register here. It has five broad headings. 1. Introduction 2. Resources 3. Network 4. Policies and Schemes Programs (i) About: Information on the StartupIndiaPortal, the StartupIndia Action Plan, and the development of Startup India is provided in this section. Other sections include: Newsletters, Contact Us, Startup India Action Plan, Discussion Forum, Startup India Kit, FAQs, and Startup India. Application Guidelines for Logos (ii) Resources : Education-online programmes, Utilize our extensive selection of courses for entrepreneurs to advance your business and technological abilities. The Startup Guidebook is the definitive manual for launching a business in India. Information and Resources for the Startup Ecosystem, COVID-19. Cooperative Services Startups are eligible for free software and service subscriptions from resource partners!, The Startup International Summit, Startup India Showcase, and Prarambh For the most promising entrepreneurs, an online discovery platform. National Innovation and Startup Policy 2019 by MHRD, All Resources Reports, Facilitators List, Startup Handholding Support, National Startup Awards 2020 Funding Guide (iii) Startup India Network: In this section, one can view the different users' profiles for networking purposes. The Startup India Showcase: Explore India's best handpicked product startups from across the country in the Startup India Virtual Showcase. Connect with Startups (216793) for Advertising, Aeronautics, Aerospace & Defense, Agriculture, Artificial Intelligence, Airport Operations, Analytics, Animation. 1. Connect with Incubators (839): There are 839 incubators registered. Startups can find suitable incubators in their region for growth, mentoring, and learning opportunities. 2. Connect with Corporates/Accelerators (187): Startups can get connected with the corporates and accelerators from the same business segment for more reach and market strategy. 3. Connect with Mentors (803): The portal lists mentors who specialize in various fields. Startups can best utilize mentors in the growth and development of their business. 4. Connect with Government (66): This is an opportunity for startups to connect with relevant government ministries and departments in search of opportunities and strengths. 5. Connect with Investors (121): Startups requires funds for growth. They can make use of the opportunity to attract investment from the investors from rightly pitching with the business model of revenue generation and idea. (iv) Schemes and Policies: Various ministries and departments are providing funds through various programmes and rules to encourage entrepreneurship. On their individual government portals, startups can learn more about the grants, eligibility restrictions, and application procedure. List of required attachments to be included with the form. Additionally, it contains information on the Incubator Framework, Central Government Initiatives for Startups' Procurement by Government, Women Entrepreneurship, Regulatory Updates, and Guidelines for Startup India Seed Fund Scheme. Startup rules for different states are covered in the section under "States and UTs Policies," which also includes some fascinating and interactive information about the startup ecosystems in each state. Choose the states you want to read about and get a quick overview of their laws and other information. (v) Programs: Various corporate and government-sponsored contests, webinars, seminars, and workshops. Startups are welcome to enter and compete for cash prizes, incubation, and investment in these competitions. One can take part in these programmes either as a participant or as the event's host.   The registration status in the Startup India portal as of 19.07.2022 is as follows. Startups 215716 Mentors 764 Investors 100 Accelerators 172 Corporates 35 Incubators 832 Government Bodies 66 1.5 States’ Start up Ranking 2021: The States and Union Territories are grouped into 2 categories: Category A and Category B. The evaluation period considered the performance of the states between 1st October 2019 and 31st July 2021. The state and UTs are recognized for their achievements as best performers, top performers, leaders, aspiring leaders, and emerging startup ecosystems. 3 states are recognized as best performers, 5 states are recognized as top performers, Best Performer 1. Gujarat 2. Karnataka 3. Meghalaya Top Performer 1.Kerala 2.Maharashtra 3.Odisha 4.Telangana 5.Jammu and Kashmir Leaders 1.Uttarakhand 2.Assam 3.Tamil Nadu 4.Uttar Pradesh 5.Andaman and Nicobar Islands 8.Goa Aspiring Leaders 1.Rajasthan 2.Chhattisgarh 3.Himachal Pradesh 4.Madhya Pradesh 5.Delhi 6.Arunachal Pradesh 7.Punjab 8.Dadra and Nagar Haveli and Daman and Diu 9.Manipur 10.Tripura 11.Puducherry Emerging Startup Ecosystems 1.Bihar 2.Andhra Pradesh 3.Mizoram 4.Ladakh 1.6 Startup Ecosystem : India is the world's third-largest startup ecosystem, it is expected to grow by 12 to 15% year on year. The main driving factors in the startup ecosystem's growth are corporate connections, technology companies, and government support. 1.7 Conclusion: The Startup India portal is a ready reckoner for startups in India. It provides all possibilities for startups virtually. An important aspect of the portal is the networking and connectivity to the different ministries and departments. It enables the startup to choose the nearest incubator, accelerator, and mentor for its growth. It should publish success and failure stories so that the entrepreneur can analyze the success and failure's strengths and weaknesses, threats and opportunities. Time to move back to the villages, which are the real backbone of India. Reference: https://www.startupindia.gov.in