Tag: Startup India Consultants

Rise India Raises Rs 14 Crore Funding From NSDC

Rise India has raised Rs 14 crore funding in form of a loan from National Skill Development Corporation (NSDC).

Rise India is now an affiliated training partner of NSDC and has been allocated this fund to setting up Driver Training Institutes across the country, with a target of training 2.5 lakh youth over the next 7 years.

Rise India Skill Solutions currently has 14 centres which are operational. Additionally, 28 new centres are being proposed to be opened under the agreed project.

Startup india consultants

61 locations have been identified of which 28 will be selected for setting up of these centres. The locations are across NCR, Uttar Pradesh, Rajasthan, Maharashtra, Karnataka, Andhra Pradesh, Tamil Nadu, Kerala, Madhya Pradesh, Odisha, Jharkhand and Bihar. These training will be done in Light Motor Vehicles, Heavy Motor Vehicles and Heavy earth moving equipment like backhoe loaders, cranes and mixtures which are often used in infrastructure development.

Rise India offers effective training programme and courses in skill development that has transformed lives. Through this alliance, RISE INDIA would set up numerous driver training institutes across the country and deploy people, infrastructure, capacity, content, trainers to deliver the trainings efficiently. Rise India, through its own equity funding will contribute an additional Rs 4 Crore to make it total outlay of Rs. 18 crore, which will be invested in capacity creation over the next 18 months.

Rajiv Pratap Rudy, Minister of State for Skill Development & Entrepreneurship, GOI said, “We need commitments from corporate to help Skill India reach to the rural and economically underprivileged people of our country. We need more partners like RISE INDIA to come forward and help us empower the youth through education, training, skill and entrepreneurship development. This is certainly going to be a good example of a public private partnership for many.”

Commenting on the partnership, Manish Kumar, CEO, NSDC said, “Skill India needs the right kind of partnerships which have the last mile reach and help in filling the skill gap across sectors and geographies. We see huge potential in our partner Rise India and are certain that together this will bring about great impact along with some great opportunities for the youth of India especially for those who want to be a part of the automotive industry under this project.”

Ajay Chhangani, CEO, Rise India said, “This alliance is an important milestone for RISE INDIA and a recognition of our continuous efforts and diligent approach to provide effective skill training to youth in the country.” He added, “Our partnership with NSDC will take our journey forward to a next level, where we will multiply the existing number of skill centres, and contribute to the Skill India Mission.”

Source:http://businessworld.in/article/Rise-India-Raises-Rs-14-Crore-Funding-From-NSDC/21-09-2016-105931/

Govt commits Rs 500cr for Narendra Modi’s Startup India vision, launches another set of initiatives

While addressing the media in New Delhi, the Ministry of Science and Technology today announced the launch of the National Initiative for Development and Harnessing Innovations (NIDHI), an umbrella programme which aims to nurture ideas and innovations in the startup ecosystem.

With the intent to speed up the process and also scale, the ministry will be infusing Rs 500 crore into the programme in the next few years. Notably this year, the ministry has received a 450 percent increase in allocation — Rs 180 crore more — to drive startup initiatives.

NIDHI and other initiatives:
NIDHI focuses on building a seamless entrepreneurial ecosystem, especially by making a positive impact on socio-economic development. The programme aims to provide technological solutions as well as create new avenues for wealth and job creation.

PRAYAS (Promoting and Accelerating Young and Aspiring Innovators & Startups), launched last week, is one of the components of NIDHI. The idea is to encourage innovators by providing access to the Fabrication Laboratory as well as a grant of up to Rs10 lakh. Additionally, there is the Seed Support System, providing up to Rs 1 crore per startup and implemented through technology business incubators.

The key stakeholders of the newly launched programme include various departments and ministries of the central government, state governments, academic and R & D institutions, mentors, financial institutions, angel investors, venture capitalists, industry champions, and private sectors.

Till now, the department has launched more than 100 technology business incubators in academic and R & D institutions which include IITs, IIMs, NITs, and other institutions. Every incubator focuses on a technology domain, and all of them combined house more than 2,000 startups and offer a total incubation space of approximately seven lakh sqft.

Additionally, six more centres of excellence will be opened in SINE–IIT Bombay, Venture Center–NCL Pune, CIIE–IIM Ahmedabad etc and 14 Technology Business Incubators which include IIT Patna and Mizoram University etc. 10 more incubators will be supplemented with Seed Support Systems which include Startup Oasis–Jaipur, Amrita TBI–Kollam, Venture Center, NCL–Pune etc and establish a Research Park at IIT Gandhinagar .

A variety of other new programmes including a fellowship programme for entrepreneurs i.e. Entrepreneurs in Residence, scaling up of startups through the accelerator programme and also to boost women empowerment through entrepreneurship, has been launched.

Along with all these initiatives, the department has also partnered with corporates like Intel, Lockheed Martin, Texas Instruments and Boeing as well as the Department of Higher Education, MHRD to establish research parks and startup centres.

Startup India:

All these initiatives have been launched in tune with Modi’s Startup India vision. A number of initiatives were launched after the announcement of ‘Startup India’. Recently, the government had also issued a directive to all ministries stating that all startups will now be exempted from the prior experience criteria in public procurement. Also, the government had mandated that the central government departments and ministries, along with its central PSUs, procure at least 20 percent of their purchases from micro and small enterprises, starting from April 1, 2015.

Though countless initiatives have been launched, whether entrepreneurship in the country receives a real boost remains to be seen.

Source : https://yourstory.com/2016/09/govt-invest-500cr-startups/

Start Up India

Startups now play a key role in defining new age business models, creating newer avenues and generating employment making the space important to watch.

The spirit of entrepreneurship is changing the way India was looked at a few years ago. With startups in the whirl of the winds of change, using technology as an enabler  India seems poised to be a star among the world’s emerging economies. After decades of slow growth and government control, India’s young entrepreneurs have opportunities presented by new policies and disruptive technologies. With over 4,200 technology startups and many more emerging each day, India is the third largest hub for startups globally, and could be the largest one day. The entrepreneurship culture in India is not just paving the way for the future, it is a step towards a great business ecosystem.

In my opinion, it takes a lot of courage from being a job seeker to becoming a job creator but the promise of wealth in the long run, freedom to choose own path, doing things one is deeply passionate about and finding fulfilment are major drivers. When I look back at my decision to quit my job, I recall that I always had entrepreneurial ambitions so giving up the relative stability of my job was actually not a big deal. I think what made the decision easier was the fact that I was convinced that this was the right time to try my hand at entrepreneurship and that after this it would only become more difficult to take the plunge. Today, the scope and variety of self-generated work is unlimited.

Startups now play a key role in defining new age business models, creating newer avenues and generating employment making the space important to watch. Opportunities in various sectors and lack of solutions in some, have created new business prospects and are driving young people to pursue their ideas and passions. India is still a tough place to be an entrepreneur in. Entrepreneurs should be prepared for early issues, such as starting problems, funding and having the right team in place. In our journey too, we faced funding and market-related challenges. Our early investors withdrew after half the promised funding and the travel sector itself was impacted with crises like 9/11 and SARS. Fortunately, the core team was tightly-knit with shared values and vision, which helped us tide over some really tough times. Conviction is truly half the game won.

Startups also face various infrastructural challenges which hinder the business setup and take up a lot of crucial time. Infrastructure like easy availability of plug-and-play office space, easy access for staff via public transport, high speed Internet, electricity, security for women leaving office at late hours are some of the other challenges that startups face.

These issues, while seemingly small, consume a lot of time which an entrepreneur would have otherwise spent on aspects that are core to the business. Effective solutions to counter such challenges will go a long way in helping startups bring efficiencies to their businesses.

Plan your fund-raising right. A stint with the corporate world before starting your own firm would be beneficial and would provide the right amount of exposure and foundation. Always keep a buffer of cash or line of credit you can dip into when times are tough. Get the team right — it is the single most important determinant for success. Everything else can, and will change! Build a healthy and honest culture.

Last, but most important, focus on solving real customer problems, rather than be fixated on an exit. An entrepreneur in India needs the patience of a marathon runner, along with the agility of a gymnast!

Source : http://businessworld.in/article/Start-Up-India/07-09-2016-105327/

Startup India Consultants Help To Make Wise Investment Options for Startups

Start Up season is on the air. There were 61000 new Start Up opened in 2015. Now, if you are also looking for a Start Up in India – Startup India Consultants is the right place. We are gateway to a start-up world of India. We provide you information about the available investments and funds in India. Startup India Consultants is place where investors meet us with their business idea or start-up ideas and we provide them assistance for startup mentoring. Our professionals help you to build new teams and networks to transform investment ideas into transformational services as well as products. We help you to grow the value of your startup and to present commercially sustainable ways for investments. We also have network of different areas of expertise who help you for better investment plans:

Finance, Marketing, Legal, Banking. We assist young entrepreneurs for great investment opportunities for better ROI. Whilst Startup India Consultants have made every effort to seek complete accuracy in investment service. We have a great network of experienced founders and entrepreneurs who have the ability to think, develop and suggest the great solutions for investment. We Startup India Consultants India based network to specializing in investment opportunities.

Our professionals help to get clients start-up seen and known investment communities to get business up and running. We provide and facilitate the ideal key to connecting investment professionals with startup investment inside India. We are a dedicated team with the unique combination of skill sets and investment operation of establishing a successful business. We stand behind the entrepreneur supporting them through the early stage of the Start-Ups. Startup India Consultants have the ability to search better investment options for our clients for their long-term success.

Globalization Paving a Way for Startup India Program by Encouraging Foreign Collaboration

The 1991 Liberalization, Privatization and Globalization policy changed the face of India. McDonaldisation is the result of LPG. While many people criticized globalization, it was widely appreciated by people who cunningly used the opportunity for development.

Our respected Prime Minister, Narendra Modi is many of those people who see opportunity in both urbanization and globalization. India has the third largest Startup ecosystem. The startup India and Standup India initiative is further accelerating people to quit their jobs and believe in their dreams. Budding entrepreneurs have the capability to revolutionize India with their creative ideas. More and more people today are quitting their high salaried jobs and choosing to start-up.

Internet is truly a blessing. It has given us a chance to connect with people all across the world and carry out all our operations smoothly. The new internet generation is utilizing the user friendly new media in the most optimized manner and startups are readily indulging in deals with foreign counterparts, thus encouraging cross-border collaborations. Foreign collaborations further give a chance to hire the best talent.

Startups have an opportunity to pitch their ideas to wider audience and raise funds from investors all across the globe.

Startup India is one such program which aims to resolve all the issues faced by young entrepreneurs and help them concentrate on their core business. The Startup India Action plan not only gives you recognition but also gives a relief in various environment and labor laws and further exemption in tax and fast tracking Indian Patent Rights.
Startup India Consultants aims to provide you all the services from idea to execution and gaining recognition under Startup India Program.

Before Getting into StartUps, First Get to Know The Reasons Why Many of Them Fail

“The success of one start-up comes with the failure of 99 other start-ups”

India’s leading web series TVF (The Viral Fever) is coming with the second season of their globally acclaimed mini-TV show, The Pitchers. The first season showed us what really happens in the success stories of many start-ups. We feel a kick of raw inspiration and courage when the show ends. This is not limited to this mini-series, but to many successful stories. But there was a line said by the father of one of the lead characters. He says that when a new business idea leads to success in a start-up, that same day 99 other start-ups fail. He does not say this regarding the business idea, but he puts importance to how we go about the start-up. Logic seems to take a back seat with so many social interactions, but a new business idea cannot afford to not have logic as its prime mover. Thus, before you jump into your idea, research about the ways in which you can see a failure in it. You cannot literally afford to make 999 efforts to failure and then become successful like Thomas Edison. But, what you can do is to make sure to get into the bottom of each aspect as the dynamics of the world is changing due to internet becoming our 6th sense.

 

Failures are the Stepping Stones for Your New Business Idea

 

If you are planning to associate your business idea with government initiatives, it becomes essential to know the crux of the schemes. Initiatives like Start-Up India and Skill India are made available to youth (or any person wants to start a business) so as to encourage the power of converting dreams into reality. It is a great support introduced by the government. TED talks are one way to increase our knowledge relating to start-ups, its failures, managing assets and overcoming challenges.In one of the TEDvideos, a person talks about the result of reading a book per day. What we are trying to say is, books are the best way to make your building blocks of the start-ups.Note that books provide in-depth knowledge about a subject so that should never be ignored (missed) in this era of everything-is-on-internet. Reading the autobiographies of the world’s most influential people will tell you why they were what they were. Imagine the power of books which can take us through the important facets of such people. If internet is your 6th sense, then make sure that book becomes your heartbeat. Get into a bit of history and become smart enough to know that 15-16th century brought a whole new level of scientific innovations, 18-19th centuries brought political creativities into people and 19th century was the effect of globalisation. Hence, what time period do you think this one is.

Creation has always been the ultimate things for human. In today’s world, creation means business! Remember that start-ups aren’t just selling or buying, but it’s a way to understand the working of the world and all the above things support it. The better you understand the reasons of failure, the better you would be going ahead with your new business ideas.