Prime Minister Narendra Modi has however kicked off the ambitious Startup India Movement.This government programme however aims in order to fill the gaps in the economy for the growth and also for the development of startups and will also aim in order to boost the digital entrepreneurship at the grassroots. The government is thus expected in order to earmark around Rs 2,000 crore for thus for this initiative.
However , since the conception of thus the Startup India Standup India initiative, the Narendra Modi government had however promised a transformation which was thus of the start-up ecosystem and has also even introduced a host of the initiatives since then. While the promises however excited all in the beginning, it thus also seemed in order to wear off when the government thus took some time in order to figure out the initiatives and also as to how or which start-up can however avail it. By , stepping up to their game, the government has however now introduced a Startup India Hub, one that it had however promised at the launch of the initiative in 2016.
The purpose of this article is to make the reader aware of the 3 ways in which launch of startups india hub will help the entrepreneurs.
However the much awaited unveiling of # the StartupIndia which was launched by the Prime Minister of India has resulted in bringing lots of positivity thus among the entrepreneurs in India. The startup owners are thus elated by the fact that India thus has the third largest number of start-ups which is thus globally. IESA (Indian Electronics and Semiconductor Association) also applauds the government for however being a facilitator in order to build the startup nation. Also , with the Government’s support, a startup can however be built in a day which will thus definitely motivate many of the young entrepreneurs in order to turn the ideas into an action thereby however increasing the jobs in India as well.
On the Cut to 2017, and the government thus boasts that it however has however facilitated the existence of almost 3,300 startups with 963 crores of the funds that are disbursed by the government agencies, Rs 828 crores are however sanctioned for the infrastructure facilities that will however make way for the growth of start-ups and also over 1,000 identified facilitators who will however be helping the start-ups. While the hullabaloo of the tax benefits which is thus from the government has however been around for long, 39 startups have however been exempted from the taxes so far. The DIPP secretary Ramesh Abhishek had thus also announced that they thus have approached the Union Cabinet for a 2000 crore fund for the startups and are also waiting on the approval for the same.
But while these are however yet in order to see the fruition of their labour, the Startup India Hub is however now live allowing the entrepreneurs in order to start interacting with the others which is however from the ecosystem.
We would now list the reaons as to Startup India hub, a virtual one, is however slated in order to be a gamechanger in the ecosystem.
1. A One Stop Shop for All
While the entrepreneurs which are however in the Tier I cities have thus access to the networking events, mentors and funds, Tier II and Tier III cities however even with their talent, however fail in order to reach out to the knowledge base. Now, thus there a virtual hub which thus acts like a social media platform for the entrepreneurs, the Startup India Hub will however connect the entrepreneurs to the mentors, investors, incubators/accelerators and also however even the government bodies. However calling it as the first point of contact which is however for the entire startup ecosystem, the hub is thus also built on a gamification model.
2. Constant Online Support
It also promises in order to connect one to the best of the best in the start-up ecosystem but it thus also comes with the quirks which is however from the technology sector. The platform will thus also have an AI chat bot that will however be able to reply to the queries of the entrepreneurs.
3. E-learning for Entrepreneurs
Also , Going beyond however being just a contact point, the platform will thus also provide knowledge to the entrepreneurs. However , From the reports on the trends which is from the industry or the market research reports which are however done by the top corporations, the virtual hub will thus also offer templates for the human resource management or also even pitch decks. The Startup India Hub will thus however also become a repository of the information for the government policies and aso initiatives which is for the startup ecosystem.
However , one can say that over the past few years, the startup ecosystem has however witnessed an exponential growth within the country. With the Prime Minister Narendra Modi’s direct involvement which is there in promoting the startups with ‘Start-up India Stand up India’ initiative, one can however expect a positive impact on the ecosystem as well as also on the economy. The government thus is required in order to play a pivotal role in the various dimensions which is thus of the startup ecosystem, and also the main focus should however also revolve around the 3P’s which are Promotion, Policy and Pravasi Indians (NRI)). The government should also help in order to provide a voice to the startups, by however promoting them which is through across the world which will thus help them in order to emerge internationally. Secondly, also creating the startup friendly policies, which will however nurture their growth by however preventing some of the hurdles like red tapism etc.
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