NEW DELHI: The Department of Industrial Policy and Promotion has moved a cabinet note that seeks to ease venture capital funding norms for startups<\/a> and relax the definition of a startup to include older biotechnology and medical device companies. 新德里:产业政策和促进了内阁注意寻求缓解风险资本融资的规范创业公司和放松创业的定义包括生物技术和医疗设备公司。
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The DIPP<\/a> has suggested these changes be incorporated under Startup India Action Plan<\/a>, the Narendra Modi-led government’s flagship initiative for nurturing innovation. A senior government official told ET<\/em> that VC funds<\/a> will be more willing to finance newer ventures if they are able to spread their risks. The DIPP has proposed that VC firms where government holds a stake be allowed to invest a part of their corpus in firms other than startups, the official said.
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\n“This has been one of the reasons why VC funds have not reached out to startups as we expected. They have to be allowed to hedge their risks,” the official said. Last year, the government had approved a Rs 10,000-crore ‘fund of funds’ for startups, which requires VC firms to limit their exposure only to startups.
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But officials said a little diversification will allow these funds to balance the risks of funding new ideas. The fund of funds was set up to support innovation-driven startups. Managed by SIDBI<\/a>, it seeks to invest in other funds that will, in turn, invest in innovative ideas. The entire corpus will be released in two cycles by 2025. So far,Rs 129 crore has been sanctioned by SIDBI to various VC funds.
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\n![\"\"](\"\/\/www.iser-br.com\/Themes\/Release\/images\/responsive\/ettelecom-default.jpg\")
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\nOut of the sanctioned amount, Rs 114 crore has been released to five VC funds. The government is hoping the move will encourage more VC funds to invest in startups.
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\nBiotech & medical devices<\/strong>
\nThe DIPP has also suggested that the maximum age for classifying a biotechnology or a medical devices firm as a startup be raised to 8-10 years from the current five years.
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\nThis has been sought on grounds that companies in these two sectors have a longer gestation period. To promote biotech firms, the government already offers Rs 1 crore to bio-incubators under the Biotech Equity Fund. A total of 20 bio-incubators have been supported by the department of biotechnology so far. Nearly 350 startups have received benefits from these bioincubators under programmes such as Biotechnology Ignition Grant, Industry Innovation Programme on Medical Electronics (IIPME), Sparsh, Grand Challenges and BioNEST.
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\nIn order to ease processes for startups, the DIPP has also written to the corporate affairs ministry to notify startups as ‘fast track’ firms, which will allow them to wind up their business within 90 days. So far, the DIPP has recognised 713 startups out of 1,835 applications it received.\n\n<\/p><\/body>","next_sibling":[{"msid":57725872,"title":"Meet on smart city to begin today","entity_type":"ARTICLE","link":"\/news\/meet-on-smart-city-to-begin-today\/57725872","category_name":null,"category_name_seo":"telecomnews"}],"related_content":[],"msid":57726043,"entity_type":"ARTICLE","title":"Move afoot to ease norms for VC funding in startups","synopsis":"Out of the sanctioned amount, Rs 114 crore has been released to five VC funds. The government is hoping the move will encourage more VC funds to invest in startups.","titleseo":"telecomnews\/move-afoot-to-ease-norms-for-vc-funding-in-startups","status":"ACTIVE","authors":[{"author_name":"Ruchika Chitravanshi","author_link":"\/author\/479237201\/ruchika-chitravanshi","author_image":"https:\/\/etimg.etb2bimg.com\/authorthumb\/479237201.cms?width=100&height=100&hostid=268","author_additional":{"thumbsize":false,"msid":479237201,"author_name":"Ruchika Chitravanshi","author_seo_name":"ruchika-chitravanshi","designation":"Correspondent","agency":false}}],"Alttitle":{"minfo":""},"artag":"ET Bureau","artdate":"2017-03-20 09:03:42","lastupd":"2017-03-20 09:05:01","breadcrumbTags":["Startup India Action Plan","SIDBI","Startups","VC funds","DIPP","Narendra Modi","Enterprise Services"],"secinfo":{"seolocation":"telecomnews\/move-afoot-to-ease-norms-for-vc-funding-in-startups"}}" data-authors="[" ruchika chitravanshi"]" data-category-name="" data-category_id="" data-date="2017-03-20" data-index="article_1">
的DIPP表明这些变化被整合在吗印度创业行动计划兰德Modi-led政府为培育创新的旗舰项目。一位高级政府官员告诉等那风投基金更愿意融资新企业如果能够分散他们的风险。DIPP提出了风险投资公司,政府持有的股份被允许投资的一部分语料库在公司初创公司以外,这位官员说。
“这是一个风投基金的原因未达到创业公司如我们所预期的。他们可以对冲风险,”这位官员说。去年,政府已经批准了价值10000卢比的“基金的基金”对于创业公司来说,这需要风投公司限制只对初创公司风险敞口。
但官员说多样化将允许这些基金资产的风险资金新的想法。基金成立的基金来支持创新创业。由SIDBI,它试图在其他基金投资,反过来,投资于创新的想法。整个语料库将于2025年在两个周期。到目前为止,129卢比被SIDBI各种风投基金批准。
批准的金额,114卢比已经发布到五风投基金。政府希望此举将鼓励更多的风投基金投资创业。
生物技术和医疗设备
DIPP也建议最高年龄分类生物技术或医疗器械公司作为启动提高8 - 10年从当前的五年。
这是寻求理由是这两个行业的公司有一个延长妊娠期。促进生物技术公司,政府已经提供1卢比bio-incubators生物科技股票基金。总共20 bio-incubators一直支持的生物技术。下获得受益于这些bioincubators近350创业项目如点火格兰特,生物技术产业创新规划医疗电子(IIPME),思帕诗、大挑战和生物型。
为了缓解过程对于创业公司来说,DIPP也写入公司事务部部长通知创业“快车道”公司,这将使他们在90天内结束他们的业务。到目前为止,DIPP已承认713年初创公司收到的1835个应用程序。
NEW DELHI: The Department of Industrial Policy and Promotion has moved a cabinet note that seeks to ease venture capital funding norms for startups<\/a> and relax the definition of a startup to include older biotechnology and medical device companies.
\n
The DIPP<\/a> has suggested these changes be incorporated under Startup India Action Plan<\/a>, the Narendra Modi-led government’s flagship initiative for nurturing innovation. A senior government official told ET<\/em> that VC funds<\/a> will be more willing to finance newer ventures if they are able to spread their risks. The DIPP has proposed that VC firms where government holds a stake be allowed to invest a part of their corpus in firms other than startups, the official said.
\n
\n“This has been one of the reasons why VC funds have not reached out to startups as we expected. They have to be allowed to hedge their risks,” the official said. Last year, the government had approved a Rs 10,000-crore ‘fund of funds’ for startups, which requires VC firms to limit their exposure only to startups.
\n
But officials said a little diversification will allow these funds to balance the risks of funding new ideas. The fund of funds was set up to support innovation-driven startups. Managed by SIDBI<\/a>, it seeks to invest in other funds that will, in turn, invest in innovative ideas. The entire corpus will be released in two cycles by 2025. So far,Rs 129 crore has been sanctioned by SIDBI to various VC funds.
\n
\n
\n
\nOut of the sanctioned amount, Rs 114 crore has been released to five VC funds. The government is hoping the move will encourage more VC funds to invest in startups.
\n
\nBiotech & medical devices<\/strong>
\nThe DIPP has also suggested that the maximum age for classifying a biotechnology or a medical devices firm as a startup be raised to 8-10 years from the current five years.
\n
\nThis has been sought on grounds that companies in these two sectors have a longer gestation period. To promote biotech firms, the government already offers Rs 1 crore to bio-incubators under the Biotech Equity Fund. A total of 20 bio-incubators have been supported by the department of biotechnology so far. Nearly 350 startups have received benefits from these bioincubators under programmes such as Biotechnology Ignition Grant, Industry Innovation Programme on Medical Electronics (IIPME), Sparsh, Grand Challenges and BioNEST.
\n
\nIn order to ease processes for startups, the DIPP has also written to the corporate affairs ministry to notify startups as ‘fast track’ firms, which will allow them to wind up their business within 90 days. So far, the DIPP has recognised 713 startups out of 1,835 applications it received.\n\n<\/p><\/body>","next_sibling":[{"msid":57725872,"title":"Meet on smart city to begin today","entity_type":"ARTICLE","link":"\/news\/meet-on-smart-city-to-begin-today\/57725872","category_name":null,"category_name_seo":"telecomnews"}],"related_content":[],"msid":57726043,"entity_type":"ARTICLE","title":"Move afoot to ease norms for VC funding in startups","synopsis":"Out of the sanctioned amount, Rs 114 crore has been released to five VC funds. The government is hoping the move will encourage more VC funds to invest in startups.","titleseo":"telecomnews\/move-afoot-to-ease-norms-for-vc-funding-in-startups","status":"ACTIVE","authors":[{"author_name":"Ruchika Chitravanshi","author_link":"\/author\/479237201\/ruchika-chitravanshi","author_image":"https:\/\/etimg.etb2bimg.com\/authorthumb\/479237201.cms?width=100&height=100&hostid=268","author_additional":{"thumbsize":false,"msid":479237201,"author_name":"Ruchika Chitravanshi","author_seo_name":"ruchika-chitravanshi","designation":"Correspondent","agency":false}}],"Alttitle":{"minfo":""},"artag":"ET Bureau","artdate":"2017-03-20 09:03:42","lastupd":"2017-03-20 09:05:01","breadcrumbTags":["Startup India Action Plan","SIDBI","Startups","VC funds","DIPP","Narendra Modi","Enterprise Services"],"secinfo":{"seolocation":"telecomnews\/move-afoot-to-ease-norms-for-vc-funding-in-startups"}}" data-news_link="//www.iser-br.com/news/move-afoot-to-ease-norms-for-vc-funding-in-startups/57726043">
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