MANAGING STARTUP PROGRAM (“MSP”)
STARTUP INDIA, STANDUP INDIA
Government of India initiative on Innovation and Entrepreneurship
The Government of India seems to have got it right. The ambitious initiative by Department of Industrial Policy & Promotion (DIIP) aims to provide a launch pad for startups and innovation culture in India. This initiative provides startups with three important steps:
Financial support (either directly through Government of India or through PE Fund);
Incentives for Inventors and Entrepreneurs; and
India already boast of being fourth largest startup community in the world. With this robust initiative of “Startup India, Standup India” launched by Honorable Prime Minister of India, India is likely to gain atleast 2,50,000 jobs by 2020. The DIPP is drawing up a clear definition for startups to ensure that the regime is available only to companies that practice innovation. This is necessary because the government is also considering tax incentives for startups, which it doesn’t want other companies to take advantage of.
Inspired by Government of India startup support initiatives, TILF exclusively offers membership to “Managing Startup Program (MSP)” for Indian startups.
For membership details, please write to: firstname.lastname@example.org.
TILF Committee on Startups