Here are the startup events for the week (23rd April to 28th April 2018) –
Category: Startup News
Startup News & Updates
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.
Here are the startup events for the week (16th April 2018 to 21st April 2018) –
Here are the startup events for the week (9th April 2018 to 14th April 2018) –
Here are the Startup Events for the week (2nd April 2018 to 7th April 2018)
SEBI has made a decision to double the limit on investment by angel funds in venture capital undertakings to ₹10 crores, for the benefit of early-stage startups. The amendments to Alternative Investment Funds regulations, with respect to angel funds, have been approved by the SEBI Board.
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.
The Department of Industrial Policy and Promotion – DIPP has disbursed ₹517.92 crores under the Fund of Funds for Startups – FFS, to more than 100 Indian startups. This initiative has been taken to boost entrepreneurship in the country.
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.
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.
Framework for ₹500 crores Startup Fund by the Rajasthan Government has been announced. The government has launched a framework through which, it shall provide equity funding and loans to startups based in Rajasthan. This intends to ensure that the funds are specially set aside for green startups and women entrepreneurs.