Startup India newsletter highlights

Congratulations to Startup India on the achievements listed in their latest newsletter !!

We want to congratulate Startup India (Govt Initiative) for the achievements listed in their latest newsletter – we have been helping them for years and there is no arguing that Startup India is a great initiative and members get many benefits – read about our representation & our article (step 3) on additional benefits of registering with them.

Representation to DPIIT, Ministry of Commerce & Industry Additional Benefits of Joining Startup India

Some highlights from their newsletter –

India’s entrepreneurial spirit is strong – Startup India recently reached the milestone of 50,000 recognized startups (atleast 1 in 620 districts, all 36 states & UTs of India).
Startup India has supported the startup ecosystem so effectively that the pace at which opportunities and startups have been recognized is accelerating (first 10000 startups were recognized in 808 days, last 10000 startups were recognized in 108 days).
For years one of their support programs has been The Startup States Ranking Framework.
- They have also supported equitable growth because 45% of startups have atleast 1 woman director or woman entrepreneur.
- Since 2016 there have been 47 regulatory reforms to make business growth easier for startups – creating 5.49 lakh jobs.
One of the major success stories is how 73000 startups have used the GeM portal to procure INR3000cr in stuff.
They support India’s innovation culture by helping procure 561 patents.
Their National Award recognizes startups providing broader social impact.
- In Apr 2021 Shri Piyush Goyal (Minister of Commerce & Industry, Consumer Affairs & Food & Public Distribution and Textiles) also talked to the awardees – Startup Association of India has been working on his suggestion that innovation & entrepreneurial spirit needs to flow to Tier 2 & 3 cities for a more resilient and reimagined India – see our recent update for an example of our work.

Startup Association of India Update

Startup India has been doing a fantastic job supporting startups with their various funds – these allow startups to grow past the PoC stage – where our partners prefer them to be.
- In Jan, Hon’ble Prime Minister announced the Startup India Seed Fund Scheme (SISFS) during Prarambh: Startup India International Summit. With INR 945crore for early-stage startups.
  - Incubators and startups can apply throughout the year and the Experts Advisory Committee (EAC) will select.
  - When it is launched we expect them to operationalize the scheme as follows –

Startup Association of India - Startup India Seed Fund Scheme

Their fund-of-funds scheme was launched in 2016 and has impacted 300 startups across the country.
Our funding partner (Ankurit Capital – aka Venture Gurukool Capability Fund) is one of the investing networks that have also helped them succeed.

Startup India Newsletter

Address - 7, Paschimi Marg, Block C, Vasant Vihar, New Delhi, Delhi 110057
Email - info@startupassociation.in
Phone - 011 4173 0003

Mixpanel

Mixpanel guides startups to product-market fit so they can turn ideas into profit. Thousands of startups all around the world use Mixpanel’s self-serve analytics to convert, engage, and retain more customers. Powerful and easy to use, Mixpanel is the key to startup growth.

Mixpanel is delighted to offer the Startup Association of India’s community $50K USD in credits to use on the Mixpanel Growth plan over 12 months through the Mixpanel for Startups program. These credits let startups build a custom plan based on their current users, and they can be adjusted over time to account for the company's growth. Credits can be used to:

Buy a plan to analyze data on 100K monthly tracked users (MTUs) and 100M events per month
Cover overages for analyzing data of up to 430K MTUs and 430M events per month
Purchase add-ons such as Group Analytics and Data Pipelines

Companies are eligible for the Mixpanel for Startups program if they meet the following requirements:

Not currently on a Mixpanel paid plan
Incorporated less than 5 years ago
Less than $8M USD raised

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HubSpot

The HubSpot Partner Program offers eligible startups:

Up to 90% Discount on HubSpot Software

Use one service or the entire suite of HubSpot Growth Platform with a free-forever CRM at a startup-friendly price.

Not yet ready for the premium version?

(Perfect option for startups who want to avoid the “oh, snap!” moment of not having a working CRM when you hit the J curve. )

Once your startup is ready, activate the discount and use the full power of HubSpot to propel your startup to the next level.

Education Resources and Tailored Training

Masterclasses, templates, kits, and guides to help you save time and avoid costly mistakes growing your startup. Plus, access to world-class support from HubSpot experts.

Integrated Platform for Startups

Get access to over 500+ software integrations, many at startup-friendly pricing, as well as the opportunity to build an integration on the HubSpot platform.

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Startup India newsletter highlights