Yes, it is Startup India's 1st Anniversary. Young entrepreneurs are receiving a lot of support from the government as well. While the centre tries to woo them, some states are, in fact, serenading them. On January 16 last year, Prime Minister Narendra Modi launched the ambitious Startup India programme to empower youth and promote entrepreneurship.
Definition of a StartupStartup means an entity, incorporated or registered in India :
- Not prior to five years, with annual turnover not exceeding INR 25 crore in any preceding financial year, and working towards innovation, development, deployment or commercialization of new products, processes or services driven by technology or intellectual property.
- Provided that such entity is not formed by splitting up, or reconstruction, of a business already in existence. Provided also that an entity shall cease to be a Startup if its turnover for the previous financial years has exceeded INR 25 crore or it has completed 5 years from the date of incorporation/ registration.
- Provided further that a Startup shall be eligible for tax benefits only after it has obtained certification from the Inter-Ministerial Board, setup for such purpose.
About this Program- Powered by UpGradStartup India Learning Program is a free online Entrepreneurship program by Startup India, a GOI initiative. Invest India in collaboration with UpGrad has developed this program. 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.
Key Program FeaturesIndustry InsightsLearn about real-life successes and failures from top Indian entrepreneurs across domains
CertificationReceive an official Startup India and Invest India Certification
Language OptionChoose between Hindi or English as your medium of instruction
Networking & MentoringInteract with fellow Entrepreneurs in an interactive discussion forum
Business PlanGet step by step insights in creating a Business Plan for your venture
Program SyllabusIDEA VALIDATIONIdea Identification and Assessment
Identify your idea and assess it with respect to your potential customers and the market environment
FINANCE & LEGALBuilding a Legal Foundation
Define the right legal foundation for your company and explore fundamentals like Company Registration, Compliances, Patents etc.
Understanding Finance BasicsUnderstand the fundamentals of finance & accounting comprising of financial statements, break-even analysis etc.
Introduction to Business PlanningLearn how to build an effective Business Plan for your venture
PITCHING & FUNDINGFundraising & ValuationUnderstand an investor’s mindset on matters of company valuation, fundraising, equity dilution among other things
Pitching & TermsheetsLearn how to pitch your company to investors and identify the key focus areas in term sheets
Comments by Authorities-Ramesh Abhishek, DIPP Secretary"With the objective that India must become a nation of job creators instead of being a nation of job seekers, we launched the StartUp India initiative in January, 2016. This initiative aims at fostering entrepreneurship and promoting innovation by creating an ecosystem that is conducive for the growth of Start-ups. As a part of this initiative, we are proud to present the StartUp India Learning Program, a free course in entrepreneurship developed by UpGrad for Invest India. We hope that many budding entrepreneurs of India will benefit from this program and get the right learning to start their dream ventures."
Ronnie Screwvala, Co-founder, UpGrad"I started my entrepreneurial journey several years ago, when startup success stories were rare. Today, we are experiencing a somewhat special, even exceptional era in our country’s economic and business history. An entrepreneurial spirit, led by the success stories of Flipkart, Snapdeal and Zomato to name but a few, has been unleashed in this country like never before. To help kindle this entrepreneurial spirit we have tied up with Invest India for StartUp India initiative by GOI and have launched a free program in entrepreneurship called the StartUp India Learning Program."
BW Reporters
Soumya is a young writer and journalist, with bachelors in Multimedia and Mass Communication. She is an alumini of the Asian College of Journalism, and finds politics and sustainability intriguing beats to work with.
