“It’s almost always harder to raise capital than you thought it would be, and it always takes longer. So plan for that.”
Startup India campaign is based on an action plan aimed at promoting bank financing for start-up ventures to boost entrepreneurship and encourage start ups with jobs creation. The campaign was first announced by the Prime Minister in his 15th August, address from the Red Fort It is focused on to restrict role of States in policy domain and to get rid of "license raj" and hindrances like in land permissions, foreign investment proposal, environmental clearances.
Prime Minister Narendra Modi had announced the 'Startup India, Standup India' initiative in his Independence Day address last year. On Saturday, PM Modi unveiled the action plan for startups in the country. He announced a self-certification scheme in respect of nine labour and environment laws and said there will be no inspection during the first three years of launch of the venture. Addressing the first conference of start-up entrepreneurs, Modi announced an action plan to boost such ventures which are seen as key to employment generation and wealth creation Make in India.
A startup company or startup or start-up is an entrepreneurial venture or a new business in the form of a company, a partnership or temporary organization designed Make in India to search for a repeatable and scalable business model.
Building hubs for entrepreneurship is very important for startups to thrive primarily for one reason: The Support System. Any startup which is in a network of other startups, startup friendly people, has a chance of surviving longer because as they say, ‘Death is the default destination for any startup.’ And these hubs take shape in certain regions where Make in India the circumstances are supportive or also from a college or university.
Entrepreneurs are Everywhere
Entrepreneurship is Management
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