In the last three years (2019 to 2021), 46,173 entities were recognized as startups. Under the Startup India initiative, entities are recognized by the Department for Promotion of Industry and Internal Trade (DPIIT) as startups as per eligibility conditions prescribed under G.S.R. notification 127 (E) dated 19^th February, 2019.

Startup India Seed Fund Scheme (SISFS) was notified vide Gazette notification S.O. 414(E) dated 21^st January 2021. Under the SISFS, Rs. 945 crore has been sanctioned for period of 4 years starting from 2021-22. The Call for Applications for startups was launched on 19^th July 2021 through online portal. As on 30^th June 2022, 428 startups have been selected by approved incubators for funding under the Scheme. Funds to the selected startups are being disbursed in milestone-based installments. These milestones are related to development of prototype, product testing, market launch, etc.

As on 30^th June 2022, a total of Rs. 75.875 crore has been approved to 428 startups, out of which, 125 startups have received Rs. 14.226 crore under the scheme. Startup-wise amount of funds disbursed under the scheme is at Annexure-I.

Startup India is a flagship initiative of Government of India which was launched on 16^th January 2016. It aims at building a strong ecosystem for nurturing innovation and startups in the country. Under Startup India initiative, the Government has undertaken various programs to promote startups, which are at Annexure-II.

ANNEXURE-I

 

S. No.	Name of Startup	Funds Approved (Rs. crore)	Funds Disbursed (Rs. crore)
1	TechpromIot Solutions Private Limited	0.4	0.25
2	ArishtiCybertech Private Limited	0.15	0.11
3	Aloe Ecell Private Limited	0.4	0.2
4	Maini Renewables Private Limited	0.15	0.07
5	Vivalyf Innovations Private Limited	0.4	0.2
6	Stylerent Private Limited	0.25	0.17
7	Water N Spices Foodsz Private Limited	0.5	0.2
8	Rangeaero Private Limited	0.4	0.4
9	Roadmetrics Private Limited	0.4	0.4
10	Enmaz Engineering Services Private Limited	0.25	0.12
11	Grittier Solutions Private Limited	0.05	0.03
12	Biovantis Healthcare Private Limited	0.1	0.07
13	Thremear Private Limited	0.15	0.15
14	Excite Visions and Retail Technology Private Limited	0.2	0.16
15	Nw Engineering Private Limited	0.2	0.1
16	Simbioen Labs And Scientific Services Private Limited	0.2	0.1
17	Ismo Bio-Photonics Private Limited	0.1	0.05
18	Brainable Circuits Pvt Ltd	0.25	0.25
19	Elsavi Power LLP	0.2	0.1
20	SunoKitaab Private Limited	0.1	0.07
21	Accelerd Sciences Private Limited	0.05	0.03
22	Ovest Technologies Private Limited	0.15	0.06
23	Qbiogen LLP	0.05	0.03
24	Arma Citizens Wellness Private Limited	0.25	0.15
25	Cricinshots Gaming Private Limited	0.15	0.049
26	Yagen Robotics	0.25	0.09
27	Kariot Solutions Private Limited	0.3	0.1
28	Semantic Web India Private Limited	0.2	0.14
29	Trachealth Technologies Private Limited	0.25	0.175
30	Vasthak Private Limited	0.1	0.05
31	Shroom Technologies LLP	0.06	0.03
32	Ahabhouna Mechatronics Private Limited	0.2	0.1
33	Raptee Energy Private Limited	0.35	0.2
34	Amn Tech And Networking LLP	0.15	0.1
35	Parmanoo Data Labs Private Limited	0.1	0.04
36	Azper Science Private Limited	0.1	0.05
37	E-Trainer Analytics Wizard Private Limited	0.04	0.03
38	Nishkam Technology Private Limited	0.25	0.1
39	Werehab Technologies Private Limited	0.2	0.08
40	Alemeno Private Limited	0.1	0.1
41	Aitestified Private Limited	0.2	0.16
42	Arthavedika Tech Private Limited	0.04	0.015
43	Proplant Foods Private Limited	0.2	0.08
44	Invariance Automation Private Limited	0.08	0.032
45	Sri Vijayadasaru Software Private Limited	0.35	0.21
46	Macrogardens Private Limited	0.1	0.04
47	Airth Research Private Limited	0.5	0.3
48	Snm Electronics Private Limited	0.1	0.03
49	Bomlife Private Limited	0.2	0.05
50	Oxy Neuron India Private Limited	0.5	0.4
51	Treacle Technologies Private Limited	0.04	0.016
52	Phonologix Health Solutions Private Limited	0.2	0.14
53	Coexin Technologies Healthcare Private Limited	0.1	0.07
54	Myera Technologies Private Limited	0.2	0.1
55	Arms 4 Ai Private Limited	0.5	0.2
56	Tekorange Engineering Private Limited	0.2	0.08
57	Aspic Innovations Private Limited	0.2	0.14
58	Ultrainstinct Technologies Private Limited	0.15	0.105
59	Mapdek India Private Limited	0.15	0.098
60	Ergon Mobility Private Limited	0.25	0.25
61	Warar Energy	0.106	0.032
62	Streecom Network Private Limited	0.1	0.04
63	Starvic Edu Tech LLP	0.1	0.05
64	Artfills Online Learning Private Limited	0.5	0.2
65	Samparkbindhu Solutions Private Limited	0.15	0.075
66	Likhotronics Tech Private Limited	0.085	0.066
67	Chefcape Enterprises Private Limited	0.5	0.2
68	Speedloop Auto Private Limited	0.5	0.3
69	Saarka Tech (Opc) Private Limited	0.05	0.03
70	Fresabbit Hygiene Private Limited	0.3	0.21
71	Signel Biomedical Private Limited	0.5	0.2
72	Nevar Systems Private Limited	0.142	0.099
73	Browku Private Limited	0.12	0.048
74	Mokkomotto (Opc) Private Limited	0.17	0.068
75	Innovosens India Private Limited	0.2	0.1
76	Skilldzire Technologies Private Limited	0.25	0.08
77	Apchemi Private Limited	0.3	0.12
78	Akumen Artificial Intelligence (OPC) Private Limited	0.1	0.05
79	Electrologic Technologies Private Limited	0.4	0.2
80	Applied Genomics Private Limited	0.4	0.2
81	Nurture Fields Industries Private Limited	0.5	0.2
82	Nu Payment Technologies Private Limited	0.3	0.15
83	Electride Technologies Private Limited	0.4	0.16
84	Lenek Technologies	0.2	0.09
85	OliLogi Technologies Private Limited	0.049	0.015
86	Aayaan Data Science Private Limited	0.25	0.15
87	Jal Jaivik Bazaar Private Limited	0.15	0.06
88	Vemsa Biotech Private Limited	0.2	0.12
89	YantramMedtech Private Limited	0.2	0.08
90	FuturegurukulsEdutech Private Limited	0.113	0.034
91	Dualsafe Private Limited	0.05	0.03
92	Flowget Solutions Private Limited	0.145	0.102
93	Enjin Experiences Private Limited	0.1	0.05
94	WaleriaHealthtech Private Limited	0.2	0.08
95	Milkvilla Private Limited	0.3	0.2
96	DharakshaEcosolutions Private Limited	0.06	0.03
97	Vimaana Aerospace Technologies LLP	0.05	0.025
98	Frenvi Private Limited	0.3	0.15
99	Hills Bio Innovations Private Limited	0.05	0.025
100	Dygnify Ventures Private Limited	0.5	0.2
101	Assistaid Healthcare Private Limited	0.15	0.06
102	Gold & Glitter Private Limited	0.3	0.15
103	Mend Earth Technologies Private Limited	0.06	0.03
104	Quickstay Private Limited	0.05	0.03
105	Bookvala D2d India Private Limited	0.05	0.02
106	Saskia Labs Private Limited	0.2	0.075
107	Edriveunit Engineering Solutions Private Limited	0.15	0.075
108	Bioartha Labs Private Limited	0.2	0.1
109	RedicineMedsol Private Limited	0.1	0.065
110	Vishwaaz.Ai (OPC) Private Limited	0.3	0.2
111	Stillsweb Technologies Private Limited	0.2	0.08
112	Blurgs Innovations Private Limited	0.2	0.1
113	Areete Business Solutions Private Limited	0.5	0.2
114	Meiro Mobility Private Limited	0.1	0.02
115	Nerdlytics Technologies Private Limited	0.3	0.2
116	Indiguard Systems Private Limited	0.045	0.014
117	Medyseva Technologies Private Limited	0.35	0.193
118	Teamvision Technologies Private Limited	0.3	0.2
119	Exampil Solutions Private Limited	0.3	0.1
120	2s Dairy Deli Products (OPC) Private Limited	0.1	0.075
121	Btech Smart Solutions Private Limited	0.15	0.06
122	Weedy Software Private Limited	0.1	0.02
123	Supereze Lifesciences LLP	0.2	0.12
124	RowbotixAgtech Private Limited	0.5	0.2
125	Articulus Surgical Private Limited	0.2	0.1
	Total	26.605	14.226

 

ANNEXURE-II

 

Programs Launched under Startup India initiative

The details of various programs undertaken by the Government to promote Startup India initiative across the country are as under:

1. Startup India Action Plan: An Action Plan for Startup India was unveiled on 16^th January 2016. The Action Plan comprises of 19 action items spanning across areas such as “Simplification and handholding”, “Funding support and incentives” and “Industry-academia partnership and incubation”. The Action Plan laid the foundation of Government support, schemes and incentives envisaged to create a vibrant startup ecosystem in the country.
2. Fund of Funds for Startups (FFS) Scheme: The Government has established FFS with corpus of Rs. 10,000 crore, to meet the funding needs of startups. The DPIIT is the monitoring agency and Small Industries Development Bank of India (SIDBI) is the operating agency for FFS. The total corpus of Rs. 10,000 crore is envisaged to be provided over the 14th and 15th Finance Commission cycles based on progress of the scheme and availability of funds. It has not only made capital available for startups at early stage, seed stage and growth stage but also played a catalytic role in terms of facilitating raising of domestic capital, reducing dependence on foreign capital and encouraging home grown and new venture capital funds.
3. Regulatory Reforms: 52 regulatory reforms have been undertaken by the Government since 2016 to enhance ease of doing business, ease of raising capital and reduce compliance burden for the startup ecosystem.
4. Support for Intellectual Property Protection: Startups are eligible for fast-tracked patent application examination and disposal. The Government launched Start-ups Intellectual Property Protection (SIPP) which facilitates the startups to file applications for patents, designs and trademarks through registered facilitators in appropriate IP offices by paying only the statutory fees. Facilitators under this Scheme are responsible for providing general advisory on diff­erent IPRs, and information on protecting and promoting IPRs in other countries. The Government bears the entire fees of the facilitators for any number of patents, trademark or designs, and startups only bear the cost of the statutory fees payable. Startups are provided with an 80% rebate in filing of patents and 50% rebate in filling of trademark vis-a-vis other companies.
5. Self-Certification under Labour and Environmental laws: Startups are allowed to self-certify their compliance under 9 Labour and 3 Environment laws for a period of 3 to 5 years from the date of incorporation.
6. Income Tax Exemption for 3 years: Startups incorporated on or after 1st April 2016 can apply for income tax exemption. The recognized startups that are granted an Inter-Ministerial Board Certificate are exempted from income-tax for a period of 3 consecutive years out of 10 years since incorporation.
7. International Market Access to Indian Startups: One of the key objectives under the Startup India initiative is to help connect Indian startup ecosystem to global startup ecosystems through various engagement models. This has been done though international Government to Government partnerships, participation in international forums and hosting of global events. Startup India has launched bridges with over 15 countries (Brazil, Sweden, Russia, Portugal, UK, Finland, Netherlands, Singapore, Israel, Japan, South Korea, Canada, Croatia, Qatar and UAE) that provides a soft-landing platform for startups from the partner nations and aid in promoting cross collaboration.
8. Faster Exit for Startups: The Government has notified Startups as ‘fast track firms’ enabling them to wind up operations within 90 days vis-a-vis 180 days for other companies.
9. Startup India Hub: The Government launched a Startup India Online Hub on 19^th June 2017 which is one-of-its-kind online platform for all stakeholders of the entrepreneurial ecosystem in India to discover, connect and engage with each other. The Online Hub hosts Startups, Investors, Funds, Mentors, Academic Institutions, Incubators, Accelerators, Corporates, Government Bodies and more.
10. Exemption for the Purpose Of Clause (VII)(b) of Sub-section (2) of Section 56 of the Act (2019): A DPIIT recognized startup is eligible for exemption from the provisions of section 56(2) (viib) of the Income Tax Act.
11. Startup India Showcase: Startup India Showcase is an online discovery platform for the most promising startups of the country chosen through various programs for startups exhibited in a form of virtual profiles. The startups showcased on the platform have distinctly emerged as the best in their fields. These innovations span across various cutting-edge sectors such as Fintech, EntrepriseTech, Social Impact, HealthTech, EdTech, among others. These startups are solving critical problems and have shown exceptional innovation in their respective sectors. Ecosystem stakeholders have nurtured and supported these startups, thereby validating their presence on this platform.
12. National Startup Advisory Council: The Government in January 2020 notified constitution of the National Startup Advisory Council to advise the Government on measures needed to build a strong ecosystem for nurturing innovation and startups in the country to drive sustainable economic growth and generate large scale employment opportunities. Besides the ex-officio members, the council has a number of non-official members, representing various stakeholders from the startup ecosystem.
13. Startup India: The Way Ahead: Startup India: The Way Ahead at 5 years celebration of Startup India was unveiled on 16^th January 2021 which includes actionable plans for promotion of ease of doing business for startups, greater role of technology in executing various reforms, building capacities of stakeholders and enabling a digital Aatmanirbhar Bharat.
14. Startup India Seed Fund Scheme (SISFS): Easy availability of capital is essential for entrepreneurs at the early stages of growth of an enterprise. The capital required at this stage often presents a make-or-break situation for startups with good business ideas. The Scheme aims to provide financial assistance to startups for proof of concept, prototype development, product trials, market entry and commercialization. Rs. 945 crore has been sanctioned under the SISFS Scheme for period of 4 years starting from 2021-22.

This information was given by the Minister of State in the Ministry of Commerce and Industry, Shri Som Parkash, in a written reply in the Lok Sabha today.

 

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