Start-Up India “Learn about India’s initiative to create a start-up culture and entrepreneurial ecosystem”

Startup India is an initiative of the Government of India and was first announced by Hon’ble Prime Minister on 15^th August 2015.

Action Plan of this initiative focusses on three areas:

1. – Simplification and Handholding
2. – Funding Support and Incentives.
3. – Industry-Academia Partnership and Incubation

The Startup India Initiative, has been established on January 16th, 2016, has released a number of initiatives with the goal of assisting entrepreneurs, creating a strong startup ecosystem, and changing India into a nation of job creators rather than job seekers. A specialised Startup India Team oversees these initiatives and answers to the Department for Industrial Policy and Promotion (DPIIT).

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Key Highlights:

• – The Government has recognised over 77,000 startups
• – These startups are spread over 656 districts from 30 States and 7 Union Territories of India
• – As of 07th September 2022, India is home to 107 unicorns with a total valuation of $ 340.79 Bn. – Out of the total number of unicorns, 44 unicorns with a total valuation of $ 93.00 Bn were born in 2021 and 21 unicorns with a total valuation of $ 26.99 Bn were born in 2022.
• – 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), 3^rd largest in number of startups and the 3^rd largest unicorn community 
• – 32 Regulations simplified for startups – including Angel Tax
• – Over 220 Income Tax Exemptions
• -Over 250 SIDBI Fund of Funds

For more information on Start up India, please visit the below Website for more information:https://www.startupindia.gov.in/

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