Startup India Hub is a one-stop platform for all stakeholders in the Startup ecosystem to interact amongst each other, exchange knowledge and form succesful partnerships in a highly dynamic environment.
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Startup India Hub is a one-stop platform for all stakeholders in the Startup ecosystem to interact amongst each other, exchange knowledge and form succesful partnerships in a highly dynamic environment.
Investors particularly venture capitalists (VCs) add value to startups in a lot of ways:
1. Stakeholder Management: Investors manage the company board and leadership to facilitate smooth operations of the startup. In addition, their functional experience and domain knowledge of working and investing with startups imparts vision and direction to the company.
2. Raising Funds: Investors are best guides for the startup to raise subsequent rounds of funding on the basis of stage, maturity, sector focus etc. and aid in networking and connection for the founders to pitch their business to other investors.
3. Recruiting Talent: Sourcing high-quality and best-fit human capital is critical for startups, especially when it comes to recruiting senior executives to manage and drive business goals. VCs, with their extensive network can help bridge the talent gap by recruiting the right set of people at the right time.
4. Marketing: VCs assist with marketing strategy for your product/service.
5. M&A Activity: VCs have their eyes and ears open to merger and acquisition opportunities in the local entrepreneurial ecosystem to enable greater value addition to the business through inorganic growth.
6. Organizational Restructuring: As a young startup matures to an established company, VCs help with the right organizational structuring and introduce processes to increase capital efficiency, lower costs and scale efficiently.
Investing in startups is a risky proposition, but the low requirement for overhead capital combined with high upside potential, makes it lucrative for investors to put their bets on startups.
The Thomson Reuters Venture Capital Research Index replicated the performance of venture capital industry in 2012 and found that overall venture capital has returned at an annual rate of 20% since 1996 – far outperforming modest returns of 7.5% and 5.9% from public equities and bonds respectively.
Registering a profile on the hub is a fairly simple process.
The system is build to connect you to your relevant stakeholders based on your industry and preferred stage. Under the profile of every enabler there will be an option to “connect/apply”. Upon clicking, a request will be sent to the respective profile for acceptance. Once accepted, you will able to see the enabler as a new connection.
Please note that you can connect with upto 3 users per week.
Any entity having atleast one registered office in India is welcome to register on the hub as location preferences, for the time being are only created for Indian states. However, we are working on international relations and will soon be able to enable registration for stakeholders from the global ecosystem
For publishing content, you can get in touch with us on startupindiahub@investindia.org.in
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.
Interested individuals can enrol for this free course at https://www.startupindia.gov.in/content/sih/en/learning-and-development_v2.html.
For more courses, please visit https://www.startupindia.gov.in/content/sih/en/reources/l-d-listing.html.
Further, incubators across India are providing guidance to budding startups. There is a list of incubators listed on the Startup India portal for your reference.
Yes, an entity without a PAN can be registered as a Startup on our website. However, it is advised that a valid PAN of the entity is provided at the time of registration
Yes. One Person Companies are eligible to avail benefits under the Startup India initiative.
Yes, a foreign national can enter into partnership under the LLP Act and get that LLP registered on our website. It can even get recognised by the DIPP.
Only one mobile number and one landline number of the authorized representative of the entity can be provided at the time of registration. The portal and the mobile app would be sending an OTP on the mobile number provided by the user to complete the authentication and registration process.
The process of recognition as a ‘Startup’ is through an online application made over the mobile app/portal at https://www.startupindia.gov.in/content/sih/en/startupgov/startup-recognition-page.html.
You will need to upload the incorporation/registration certificate and explain how your startup is working towards innovation, development or improvement of products or processes or services, or its scalability in terms of employment generation or wealth creation.
The certificate of recognition is issued typically within 2 working days upon successful submission of the application.
Yes, if your startup gets recognised, you would be able to download a system generated verifiable certificate of recognition.
The Inter-Ministerial Board setup by Department of Industrial Policy and Promotion validates Startups for granting tax related benefits. The Board comprises of the following members:
· Joint Secretary, Department for Promotion of Industry and Internal Trade, Convener
· Representative of Department of Biotechnology, Member
· Representative of Department of Science & Technology, Member
The Board shall review the supporting document(s) provided to ascertain if the entity qualifies as an eligible business for availing tax.
The Inter- Ministerial Board meeting typical takes place once a month. The cases in the meeting are processed in a serial order. The communication regarding the decision is sent to the registered email address of the Startup.
To regularly follow updates of the IMB meetings, you may refer to the IMB notifications on our website by clicking here.
If the application for recognition has been marked incomplete, the startup needs to follow the given steps:
1) Log in with their startup credentials on www.startupindia.gov.in
2) Select ‘Recognition and Tax Exemption’ button on the right panel
3) Select the ‘Edit Application’ button and proceed with completing your application
If the application has been marked ‘Incomplete’ thrice, the application is rejected.
Rejected applications cannot be edited, and a new application can be submitted after three months from the date of communication of the rejection email.
Registering a profile on the Startup India website is a fairly simple process:
· Simply click on 'Register' and fill in the details as required in the registration form. An OTP will be sent to your registered email address, post submitting which your profile will get created.
· You will have an option to select your profile type. Select “Enabler” as your persona type, post which you’ll be asked to specify what type of enabler you are. Select mentor / investor in the drop down box depending on your objective. The profile goes under moderations for 24-48 hrs, and once our Quality assurance team has done a preliminary check on your mentor creds, your profile is made live
As a Mentor, you have access to all registered startups across all stages on the Hub. The startups may connect with you through a connection request, post which you can provide your expert advice to the startup on its next steps. To know more, kindly go to the Mentor’s Section
A startup is allowed to send 3 connection requests each week. This is done by simply clicking on the “connect” button on the mentor’s profile. Once you accept a connection request, the startup can reach out to you through a simple chat interface. You can know more about the Startup which has connected with you by clicking on their profile and reading up about them.
While we encourage more engagement on the platform, we can understand that access to high quality mentors investor like yourself can be overwhelming for some Startups, which may lead to them spamming. To ensure Startups are conservative and careful with the mentor/ investor requests, we restrict each Startup to 3 connection requests each week.
To aid in your mentoring journey, we have pooled together a vast repository of resources ranging from plug and play templates to Market research reports which can help both mentor and Startup gauge the opportunity at their disposal better. Feel free to navigate through our repository of resources on the top ribbon of the portal.
To showcase our gratitude towards our mentor’s contribution to India’s startup eco system, depending on the quarterly feedback from our Startups, we share commendation letters. Feel free to flaunt these across your social platforms and don’t forget to tag us!
After a patent application is received by the Patent Office, the facilitator shall submit the claim for fees as per the fee schedule given in SIPP Scheme. A letter addressed to the Head of Office of the respective Patent Office, giving details of claimed fee for drafting of application and his ID proof as a registered Patent Agent, shall be submitted along with the invoice.
The facilitator shall submit the claim for payment of fees to the respective Head of Office of the Trade Marks Registry. A letter addressed to the Head of Office of the respective Trade Mark Office, giving details of claimed fee for drafting of application and his ID proof as a registered Trade Mark Agent, shall be submitted along with the invoice.