Monday, 6 March 2017

“ Slow and Steady “ loses the race !



Business Line ( 07 March 2017 ) carries following news :


“ Government to give a leg up to start-ups “


DIPP to make  DEFINITION  more inclusive , re-look tax benefits for some 200 start-ups

To give further impetus to the start-up ecosystem, the government will , before the end of this month, re-look the DEFINITION of start-ups, revisit the tax benefit eligibility of 200 odd start ups, and work towards enabling incorporation of companies within six days

“ Just as we are re-looking the DEFINITION of MSME , we would like to re-look at the definition of start-ups to be more inclusive of the ground realities “ , said Ramesh Abhishek , Secretary, DIPP

Speaking at IVCA’s Annual India Alternative Conclave 2017 here on Monday, he said the government is committed to strengthening the start-up ecosystem and was not hung up on the  DEFINITION  aspect




Dear Shri Abhishekji  :


This is indeed a great news , considering that the original  DEFINITION  ( of a Start-Up ) was quite daunting , as pointed out in my following blog / email ( 20 Jan 2016 ):

START UP RE-DEFINED


No doubt , you have read the  DEFINITION  of a Start Up in the Start Up Action Plan document


I have tried to envisage below, how that might look on that Mobile App for Registration :


*   Is yours a Private Ltd Co / LLP / Partnership  ?.................. ……….  Yes  /  No


*   Is your Company more than 5 years old ?....................................Yes  /  No


*   Is your Start Up formed by splitting an existing business ?............. Yes  /  No


*   In last 5 yrs, has your turnover exceeded Rs 25 Crores ?.................Yes  /  No


*   Is your product/service " DIFFERENTIATED "  ?.............................. Yes  /  No


*   Is your product / service " COMMERCIAL "  ?.................................. Yes  /  No


*  Is your product / service " INNOVATIVE "  ?..................................... Yes  /  No


Is your product / service driven by ,
    " TECHNOLOGY  / INTELLECTUAL PROPERTY "  ? ...............................Yes /  No


Is your product/service ,

   " NEW / SIGNIFICANTLY IMPROVED "  version "  ?.................... .......... Yes / No

  
Does your product/service add " VALUE " to customers  ?..................... Yes / No


Does your product/service add " VALUE " to " WORKFLOW " ?............... Yes / No


Have you got certification  from Inter-Ministerial Board ?....................... Yes /  No


Have you got recommendation from Incubator in Post Grad Indian College ?.Yes / No



I hope Shri Narendra Modiji asks you to accompany him to his planned visit to Israel , in the near future , so that , together , you may get an idea of :


The  Spirit  of  Israel  ( 19  Feb  2017  )




If we want to win the “ Start-Up Race “ , we will need to give up on our “ Slow and Steady “ approach and hurry up to implement :


·          Blue  Print  for  a  Start Up  Nation  (  27  Dec  2015  )




·         A NEW ECONOMIC ORDER ? aka " Start Up Act - 2015 "( 12  Sept  2015 )


      { https://myblogepage.blogspot.in/2015/09/a-new-economic-order.html  }



 

With 5G internet around the corner , it will be no more,


·         Big will eat up the Small

It will be ,

·         Fast overtake the Slow  !

 

 

07  March  2017

www.hemenparekh.in / blogs




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