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
)
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