Commerce and industry minister Piyush Goyal<\/a> on Monday launched the Startup India Seed Fund<\/a> scheme and said the scheme will support India<\/a>’s domestic entrepreneurs and their business ideas who often can’t take off due to the absence of critical capital at an early stage. He also asked startups<\/a> to not get sold very cheap, particularly to foreign investors. 商业和工业部长总裁Goyal周一推出了印度创业种子基金方案和计划将支持说印度的国内企业家和他们的经营理念往往不能起飞由于缺乏关键资本处于初级阶段。他还问创业公司不要卖很便宜,尤其是外国投资者。
The Rs 945-crore scheme aims to provide financial assistance to startups<\/a> for proof of concept, prototype development, product trials, market entry and commercialisation and has been approved for the period of next four years starting April 1, 2021. It is expected to support about 3600 startups and 300 incubators. The call for incubators opened Monday while that for startups would open July 1.
“Don’t get sold very cheap, particularly to foreign investors or savvy investors who are able to identify a good idea and are able to buy out at an early stage of funding required,” Goyal said, adding that a very good idea often gets bought out by international venture capitalists at throwaway prices.
“I do hope the scheme will support our domestic entrepreneurs and their business ideas who often can’t take off due to the absence of critical capital at an early stage,” he said and asked startups to build a ‘crisis-proof’ business for the country.
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As per the Department for Promotion of Industry and Internal Trade (DPIIT), the government will provide grants of up to Rs 5 crore to eligible incubators in three or more tranches and the quantum of the first instalment maybe upto 40% of the approved commitment.
“A component of management fee at 5% of the seed fund grant to the incubator will be provisioned,” the department said.
Under the scheme, grants up to Rs 20 lakh will be provided to the startups for 'Proof of Concept' whereas funding up to Rs 50 lakh can also be availed through convertible debentures or debt-linked investments for commercialization or scale up support. Not more than 20% of total grant to incubator shall be given as grants to startups.
An incubator will be responsible for the holistic development of the incubatee, according to the department, including physical infrastructure, support testing and validation of ideas and mentorship.
The sector-agnostic scheme doesn’t require physical incubation and allows startups to apply to three incubators simultaneously.
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价值945卢比的方案旨在提供金融援助创业公司概念证明,原型开发、产品试验、市场准入和商业化,并被批准为未来四年期从4月1日开始,2021年。它预计将支持约3600创业,300孵化器。周一呼吁孵化器打开时,对于创业公司来说将7月1日开放。
“我希望这项计划将支持我们的国内企业家和他们的经营理念往往不能起飞由于缺乏关键资本处于初期阶段,”他说,要求企业建立一个“免疫”业务。
按照部门促进工业和国内贸易(DPIIT),政府将提供资金高达5卢比在三个或三个以上部分合格的孵化器,量子的第一期可能高达40%的批准的承诺。
”的一个组成部分,管理费用5%的种子基金拨款孵化器将供应,”国务院说。
根据这项计划,资助了Rs将提供20个十万的初创公司的“概念验证”而资金多达50卢比十万的也可以利用通过可转换债券或debt-linked投资或扩大支持商业化。不超过总额的20%给予资助初创企业孵化器给予。
孵化器将负责的整体发展incubatee,根据部门,包括基础设施,支持测试和验证的思想和指导。
sector-agnostic方案不需要物理孵化并允许创业企业同时申请三个孵化器。
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Commerce and industry minister Piyush Goyal<\/a> on Monday launched the Startup India Seed Fund<\/a> scheme and said the scheme will support India<\/a>’s domestic entrepreneurs and their business ideas who often can’t take off due to the absence of critical capital at an early stage. He also asked startups<\/a> to not get sold very cheap, particularly to foreign investors.
The Rs 945-crore scheme aims to provide financial assistance to startups<\/a> for proof of concept, prototype development, product trials, market entry and commercialisation and has been approved for the period of next four years starting April 1, 2021. It is expected to support about 3600 startups and 300 incubators. The call for incubators opened Monday while that for startups would open July 1.
“Don’t get sold very cheap, particularly to foreign investors or savvy investors who are able to identify a good idea and are able to buy out at an early stage of funding required,” Goyal said, adding that a very good idea often gets bought out by international venture capitalists at throwaway prices.
“I do hope the scheme will support our domestic entrepreneurs and their business ideas who often can’t take off due to the absence of critical capital at an early stage,” he said and asked startups to build a ‘crisis-proof’ business for the country.
As per the Department for Promotion of Industry and Internal Trade (DPIIT), the government will provide grants of up to Rs 5 crore to eligible incubators in three or more tranches and the quantum of the first instalment maybe upto 40% of the approved commitment.
“A component of management fee at 5% of the seed fund grant to the incubator will be provisioned,” the department said.
Under the scheme, grants up to Rs 20 lakh will be provided to the startups for 'Proof of Concept' whereas funding up to Rs 50 lakh can also be availed through convertible debentures or debt-linked investments for commercialization or scale up support. Not more than 20% of total grant to incubator shall be given as grants to startups.
An incubator will be responsible for the holistic development of the incubatee, according to the department, including physical infrastructure, support testing and validation of ideas and mentorship.
The sector-agnostic scheme doesn’t require physical incubation and allows startups to apply to three incubators simultaneously.
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