Category: Startup News

Startup News & Updates

Lounge at an Instaoffice location working towards giving SMEs the best. 0

How can boosting efficiency in SMEs and entrepreneurship help the economy?

 Entrepreneurship in itself is an important driver of economic growth, job creation and competitiveness. It is what leads to the creation of SMEs it becomes a major contributor to the global economy and development. SMEs have a key role in ensuring economic growth in a sustainable manner. SMEs make up more than 95% of all businesses in the whole world. They represent a path out of poverty for many people across developing countries.

What are SMEs exactly?

As there isn’t a set definition of SME that applies globally each country gets to set its own definition, and they decide to set specific limits. In the European Union, a business with less than 250 employees is considered an SME. While on the other hand in US, an SME can have a lot more, up to 1,200 employees.

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Angel tax exemption for Indian startups 0

Angel Tax Exemption for Startups

The Indian Government has introduced a mechanism for startups to avail tax exemption from “angel-tax”, retrospectively, and avail the tax incentives as per the startup policy. However, the expert opinion is that doing so may not be as easy, considering the conditions imposed. Startups with the total investment up to ₹10 crores, including angel investors funding, can ask for an approval from an eight-member government board, for tax exemption u/s 56 of Income Tax.

State Startup Policy - Goa, UP & Punjab 0

Goa, UP & Punjab Startup Policy – A New Push Towards Growth

The Startup India campaign has received a push in Goa, as the state minister for Information & Technology, Rohan Ashok Khaunte has stated that the incentives under the Goa Startup Policy have been sent for approval. The all-new IT startup scheme in Goa aims to generate employment opportunities and incentives for startups and entrepreneurs in Goa. This scheme is expected to be implemented in the next 20 days.

Canada-India Women Entrepreneurship 0

Canada-India Acceleration Program For Women Entrepreneurship

The All India Council for Technical Education and Carleton University have come into partnership, supporting women entrepreneurship and to promote collaboration between India and Canada. The Canada-India Acceleration Program was recently announced by the Canadian Minister of Innovation, Science & Economic Development.

Indian Startups - The Changing Game 0

Indian Startups – The Changing Game

India ranks third in the number of Tech startups around the world. Today, it is the hub for over 56000 startups. The question arises as to where and how do accelerators and incubators come into the picture for this exponential growth of the Indian startup ecosystem.