1. Compliance regime based on self-certification. Labour laws – no inspection for 3 years
2. Startup India hub – single-point contact (‘friend, mentor, guide’)
3. Mobile app to be launched on April 1: registration of startup company in one day | Also portal for clearances, approvals and registrations
4. Fast-track mechanism for startup patent applications
5. Panel of legal facilitators for startups to file IP (patents, designs, trademarks) – costs borne by gov
6. 80% rebate on filing of patent applications by startups, as compared to other companies
7. Relaxed norms of public-procurement for startups. No requirement of turnover or experience, but no relaxation of quality
8. Faster exits for startups (Insolvency and Bankruptcy Bill), eg: wind up within 90 days
9. Fund of funds – initial corpus – INR 2,500 crore, later on 10,000 crore
10. Credit guarantee fund for startups
11. Tax exemption on capital gains
12. Tax exemption to startups for 3 years to promote growth
13. Atal Innovation Mission:sector-specific incubators, 500 tinkering labs, pre-incubation training,seed fund for high-growth; PPP model being considered for 35 new incubators; 31 innovation centres at national institutes, 7 new research parks like IIT-M. 5 new bio-clusters
14. Innovation Core Programs for school students in 5 lakh schools
15. Annual Incubator Grand Challenge to create world class incubators in India
16. National and International Startup Festivals to provide visibility
Via YourStory (http://yourstory.com/2016/01/start-up-india-live-coverage/)
Why should people's tax money pay for IP rights and shit. This is totally brutal for Indian people. Their tax money should be used for roads, security and other critical shit. After thats done, they can open startups themselves. And Government should keep thier hands out of business.
All govt needs to do is clean up the broken infrastructure, get rid of archaic laws, help people out by reducing mountain loads of paper work required, put in place a flat tax structure, and have some laws to ensure consistency and integrity to the way it operates.
This sounds simple, but the repercussions in 10-15 year window are very profound.
My university was next to one research park and as far as I could tell nothing ever came out of the ruddy place. Point is - for research park & innovation centers to function you need people dedicated to research. In current state India does not have that many researchers to spread across this many institutions.
http://www.greyorange.com/ limeroad.com https://www.oyorooms.com/ paytm.com flipkart.com snapdeal.com
