Startup India Association Update

Greetings !!

Let me first thank you for your continued support

As you know, the Startup India Association team, chaired by Mr Mahendra Swarup, works very hard on publishing our research and setting up partnerships in the Indian startup eco-system. We value your support - please let us know of issues you have with this email.

We wanted to take this opportunity to update you on a few of our initiatives -

After the success of the Second India Investment Seminar in China we are organizing the India Investment Seminar in Dubai. Sign up for it since two startups in our delegation to China have already secured funding and the team continues to follow up on the strategic and funding discussions held during the events.
Applications for the India Portugal Startup Hub are now closed but our community can benefit from similar international partnerships with the Bulgaria Startup Association and the L’Occitane accelerator in France and global events like Vivatechnology our partners are working on. These partnerships can give access to international markets and opportunities to raise seed funding.
Some members of our community have applied for collaborative projects provided by our partner (Collaboration Capital). These projects are with corporations based in France. The updated list of projects is given in our post because this is a valuable tool to develop business and innovative solutions.
The team continues publishing on the startup eco-system. Our latest article is our view on 'Angel Tax'. We have written some great articles on the IndiaStack, reducing your 'cash burn', how accelerators select startups, the NSE-EMERGE platform and Blockchain Technology.
We thank our network for their support by attending the recently held grand finale of the Startup Manthan event at IIT Delhi.
Our partners are waiting to help you with initiatives like Funding, Procurement and Travel.

After the success of the Second India Investment Seminar in China we are working on organizing the Startup India Investment Seminar in Dubai with our funding partner Venture Gurukool. Fill the form to apply for this.

Two startups in our delegation have already secured funding after the seminar in China and the team continues to follow-up on the events and discussions that took place. Over 400 people attended the events.

Key initiatives taken up since then -

Projects in collaboration with French Corporations

Startup India Association and Collaboration Capital have partnered for projects where our community collaborates with corporations based in France (many are MNCs). Look at our post for details

The list of projects have been updated. Please let us know of your interested.

Their application is pretty simple - section on venture's key skills and an optional section on your suggestions for this project - optional but I recommend this section be filled because lots of successful applications have it.

Another piece of good news - these projects are free for startups/small businesses.

Given the popularity of these projects we are thinking of starting some in collaboration with companies based in India. Let us know if your venture would be interested in this.

The tax a startup pays for the funding they raise from some external investors is commonly called 'Angel Tax'. We have published our thoughts on the latest notification on this by the Central Board of Direct Taxes (CBDT) and Department for Promotion of Industry and Internal Trade (DPIIT, formerly known as DIPP).

In the article we suggest that our members wait for a final notification be gazetted before speaking to your legal and tax advisors. We have also requested the Department of Revenue, Finance Ministry to look into this to supplement the notifications from other departments.

What do you feel? Isnt the Finance Ministry the only one who can frame the exemption framework comprehensively given this issue goes to the definition of a startup vs a shell company and the relevant provisions of the Income Tax and IT acts were added to prevent money laundering?

We thank our network for their support at the grand finale of the Startup Manthan event. Startup Manthan was organized by our friends at RaiseMyStartup and was a hunt across India for the next big idea with a goal to boost market visibility for the most promising and early-stage startups. The event was supported by Startup India in association with Confederation of Indian Micro, Small and Medium Enterprises & Peopleist India.

Startup India Association

C7 Pashchimi Marg, Vasant Vihar

NEW DELHI 110057

India