Ministry of Commerce & Industry
Turnover for Start-ups
Posted On:
03 JUL 2019 4:58PM by PIB Delhi
Department for Promotion of Industry and Internal Trade (DPIIT) vide its notification number G.S.R. 127(E) dated 19th February 2019 has increased the maximum turnover for a firm to be considered as a start-up to Rs. 100 crore from earlier criteria of maximum turnover of Rs. 25 crore.
The Apprentices Act, 1961 makes it obligatory for employers to engage apprentices in “designated trades” and “optional trades” for all employers who have a workforce of 40 employees or above (sum of total regular and contract employees), across the manufacturing, services, trading sectors, etc. For establishments having workforce of 6 to 40 employees, engagement of apprentices is optional. However, establishments with 5 employees or less are not permitted to engage apprentices. The Apprentices Act, 1961 does have any provision for “Start-ups”. As per sub rule (3) of Rule 7-B the Apprenticeship Rules, 1992, each establishment shall engage apprentices in a band of 2.5% to 10% of the total strength of the establishment including contractual staff.
The Government has no plan to increase or reduce the percentage of apprenticeship in establishments, at present.
The list of facilitators in Patents and Trademarks from Karnataka, registered with Intellectual Property office under Start-ups Intellectual Property Protection (SIPP) scheme as on 31st May 2019 is at Annexure I (a) and (b). As on 31st May 2019, more than 900 applications for Patents and more than 1900 applications for Trademarks have been filed by startups through facilitators under the SIPP scheme.
Government of India has established Fund of Funds for Startups (FFS) with corpus of Rs. 10,000 crore, to meet the funding needs of startups. DPIIT is the monitoring agency and Small Industries Development Bank of India (SIDBI) is the operating agency for FFS. As on June 24, 2019, SIDBI has committed Rs 3123.20 crore to 49 SEBI registered Alternative Investment Funds (AIFs). These funds have raised a corpus fund of Rs. 27,478 crore. Rs 483.46 crore have been drawn from Fund of Funds for Startups. Further, the AIFs have invested a total of Rs. 1,625.73 crore into 247 startups. State/UT-wise details of funds invested by the AIFs are at Annexure II.
ANNEXURE I(a)
List of Patent facilitators in Karnataka from Start-ups Intellectual Property Protection Scheme
|
Name of Patent Facilitator
|
Patent Agent No.
|
Area of specialization (as declared by the facilitator)
|
|
ANUGU VIJAYA BHASKAR REDDY
|
2420
|
Dairy Technology, Food Technology, Mechanical Engineering, Consumer Appliances
|
|
Basavarajappa NT
|
2509
|
Electrical Engineering
|
|
BIRENDRA KUMAR
|
1102
|
Electrical, Electronics, Mechanical, Telecommunications, Semiconductor, Computer Networks, Electromechanical, Intellectual Property rights
|
|
DR. P K Ashwini Kumar
|
331
|
-
|
|
KalyanChakravarthyKankanala
|
700
|
Biosciences
|
|
Namratha P. Shenoi
|
2256
|
Biochemistry, Biotechnology, Phamraceuticals Chemistry and Related Multidisciplinary Subjects
|
|
RitikaManchanda
|
2184
|
Mechanical, Electrical, Biotechnology, Pharmaceuticals, Biomedical Sciences, Food Technology, and related fields.
|
|
S. Afsar
|
1073
|
Electronics
|
|
AbhayPorwal
|
2631
|
Electrical Engineering, CSE
|
|
Anita Sharma
|
1475
|
Computer Science
|
|
Gaurav Jain
|
2562
|
Electronics, Teleco., Software, IT
|
|
M. Suresh Gupta
|
1302
|
Pharmaceuticals
|
|
SrikanthChilukuru
|
2682
|
Chemical / Pharma
|
|
Syed Murtuza
|
2633
|
Computer Science / Electronics
|
|
Vinita Radhakrishnan
|
1157
|
Biosciences, Food Industry, Pharmaceuticals
|
ANNEXURE I (b)
List of Trademark facilitators in Karnataka from Start-ups Intellectual Property Protection Scheme
|
Name
|
TMR agent Registration No. / Advocate
|
Area of specialization (as declared by facilitator)
|
|
AnuguVijayaBhaskar Reddy
|
TMA/ 1000
|
Trademarks
|
|
Birendra Kumar
|
D/2012/11
|
Trade Marks
|
|
D. PrasannaBhagwan
|
KAR/942/14
|
Trade Marks
|
|
Rama K
|
17796
|
Not provided
|
|
Shrikant V Kumbar
|
KAR/1008/14
|
Not provided
|
|
ShrivaniShrivastav
|
TMA/1050
|
Not provided
|
|
Suhasini S.
|
KAR/2085/13
|
Not provided
|
|
Syed Murtuza
|
TMA/1053
|
Not provided
|
|
Vishwambara R
|
KAR/977/14
|
Trade Marks
|
|
BabithaTharappan
|
TMR Agent 32027
|
Trade Marks
|
|
Santosh Vikram Singh
|
KAR/2017/09
|
Trade Marks
|
|
Afsar S. Patcha
|
Adv. Reg. No. KAR/1168/2012
|
Not Provided
|
|
Maram Suresh Gupta
|
Adv. Reg. no. 3052/2009
|
Not Provided
|
|
ZahedaMulla
|
AMR/13571
|
Not Provided
|
|
Deepa E. S.
|
KAR/1536/18
|
Not Provided
|
|
Anita Sharma
|
KAR/1658/2012
|
Not Provided
|
ANNEXURE II
State-wise distribution of investment made by AIFs under Fund of Funds for start-ups
|
State
|
No of Startups Invested in
|
Investment made by AIFs
(in crore)
|
|
Karnataka
|
75
|
499.85
|
|
Maharashtra
|
68
|
440.38
|
|
Delhi
|
46
|
252.94
|
|
Haryana
|
12
|
120.54
|
|
Tamil Nadu
|
11
|
113.34
|
|
West Bengal
|
4
|
48.75
|
|
Uttar Pradesh
|
5
|
47.61
|
|
Rajasthan
|
5
|
40.28
|
|
Telangana
|
6
|
28.22
|
|
Punjab
|
1
|
14.50
|
|
Kerala
|
8
|
10.87
|
|
Madhya Pradesh
|
4
|
5.10
|
|
Gujarat
|
1
|
3.14
|
|
Uttarakhand
|
1
|
0.22
|
|
Total
|
247
|
1625.73
|
This information was given by the Minister of Commerce and Industry, PiyushGoyal, in a written reply in the Lok Sabha today.
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