MFIRD - Start Ups Schemes & Initiatives by Shakir Ali

1. START UPs
Schemes & Initiatives
September 09, 2018
MS Education Centre, Hyderabad
Shakir Ali (PhD)
Digital Entrepreneur | Mentor | Speaker
www.ShakirAli.in | info@ShakirAli.in | +91- 9849256286
Millat Foundation for
Industry Research &
Development
(MFIRD)
Presents

2. Startup Definition (as per DIPP)
Startup means an entity, incorporated or registered in India :
• Upto a period of seven years from the date of incorporation/registration or
upto ten years in case of Startups in Biotechnology sector
• As a private limited company or registered as a partnership firm or a limited
liability partnership
• With an annual turnover not exceeding Rs. 25 crore for any of the financial
years since incorporation/registration
• Working towards innovation, development or improvement of products or
processes or services, or if it is a scalable business model with a high
potential of employment generation or wealth creation
An entity shall cease to be a Startup:
• On completion of seven years from the date of its incorporation/registration,
ten years in case of Startups in Biotechnology sector, or
• If its turnover for any previous year exceeds Rs. 25 crore

3. Why Register
• SELF CERTIFICATION - and compliance under 9 environmental &
labour laws
• STARTUP PATENT APPLICATION - fast track & up to 80% rebate in
filling patents
• PUBLIC PROCUREMENT- fast track under the criteria of "prior
experience/turnover" for startups in all Central Government
ministries/departments
• WINDING UP COMPANY- in 90 days under insolvency & Bankruptcy
code 2016
• INR 10,000 CRORE FUND - of funds for investment into startups
through Alternate Investment Funds
• INR 2,000 CRORE CREDIT - guarantee fund for startups through
National Credit Guarantee Trust Company / SIDBI over 4 years
• TAX EXEMPTIONS - on Income tax for 3 years

4. Steps Moving Forward
• STARTUP RECOGNITION
• APPLICATION FOR STARTUP REGISTRATION
• Full Office Address
• Authorized Representative Details; Directors & Partners Details
• Information Required like IPR filed or employees and other
• StartUp Activities like
• Any awards/recognition received by the entity
• What is the problem the startup is solving?
• What is the uniqueness of your solution?
• How does your startup propose to solve this problem?
• How does your startup generate revenue?
• SELF CERTIFICATION AND then apply for TAX EXEMPTIONS
• LIST OF INCUBATORS & LIST OF ALTERNATIVE INVESTMENT
FUNDS

5. Avail Benefits
• LOG ON TO
https://www.startupindiahub.org.in/content/sih/en/home-
page.html
• Browse through Learn skill sand upgrade yourself
• Schemes - Access Government Schemes
• Connect - Network with Experts and Startups
• Pool of 30,000 Startups & Entrepreneurs
• Get Guided by Mentors
• Talk to investors
• Find Industry Connect
• Discuss - Share your Opinions & Experiences
• Participate in Startup Yatra
• Telangana : Telangana State Innovation cell (TSIC) will start from
15th Sep

6. T-hub & Other Initiatives
• STATE OF ART ECO SYSTEM FOR START-UPS AT IIIT-H Campus,
Gachibowli
• A Startup Engine for Innovative talents
• Attend T-Hub Programs
• Lab32 is a six-month & Virtual Membership
• Telangana Government Announces Early-Stage Fund
To Promote Entrepreneurship
• Follow the Telangana State Startup Policy
• Try to be close to Incubators & Accelerators –
Bangalore has the advantage of Accelerators like
Microsoft, Khosla, IIM B, Angel prime and others

7. Few Other Initiatives
• Smart Fifty & similar kind by Various IIMs
• NASSCOM 10,000 startups – Hyderabad started NASSCOM
warehouse programme at IIIT H Campus
• Symbiosis center for Entrepreneurship & Innovation @ Hyderabad
• SRiX - India’s largest tier-2 tech business incubator ‘SRiX’ launched in
Warangal
• Edtech startups find Hyderabad a fertile ground
• a-IDEA (Association for Innovation Development of Entrepreneurship in
Agriculture), is a Technology Business Incubator(TBI) hosted by ICAR-
PJTSAU planning to establish Agri Incubation Center
• I-Hub gets 3 startups - the incubator for agri-startups set up at the
Icrisat in Hyderabad
• Special IT corridor for Muslims – CM KCR directed officials to
give of Rs 1 lakh to Rs 2.5 lakh without bank linkage to minorities for

8. Don’t Just wait for Schemes
• Youngsters – Collaborate & Start working on your concepts
• Spend few hours daily on your dream
• Take Risks – But Calculative
• Don’t Get Disappointed on Critics
• Be a Smart Marketer – Don’t feel shy of selling your concept
• Talk, Talk & Talk – Seek, Seek & Seek
• Don’t be afraid of your failure – It shows at-least you are trying
• Develop a tendency to accept Challenges
• Girte hain Sheh sawar Maidane Jung Main
• Be direct contributor to Indian Economy don’t just wait for free
bees

9. In General - to Move Forward
• Create A Concept
• Develop Value Proposition, Messaging, Pains, Gains, Needs &
Wants
• Your USP – How Different You Are – Be Vocal
• Develop Basic Business Plan, Financial Projections
• Develop Organizational G&O, OKR &Organizational Play
Book With Activities & Tactics
• Develop A Prototype & Go to Market Strategy
• Bring Some Early Adopters
• Beta Test Drive ; Beta Readiness, Success Criteria & GA
• Product - Proof Of Concepts
• Why They Joined Or What Value They Got From Your
Product

10. 10 Deadly Mistakes Young Entrepreneurs
Make
• Mistake 1: Spending too much time developing the product and not
enough time selling it
• Mistake 2: Being afraid that someone will steal your idea
• Mistake 3: Thinking that you are your customer
• Mistake 4: Trying to monetize ideas rather than monetize sales
• Mistake 5: They listen too much to others
• Mistake 6: They mismanage money
• Mistake 7: They have trouble focusing
• Mistake 8: They don't charge enough for their services
• Mistake 9: They don't grasp the importance of creating a brand
• Mistake 10: Trying to do everything alone

11. Questions Please!!
Thanks
Shakir Ali (PhD)
Digital Entrepreneur | Mentor | Speaker
www.ShakirAli.in | info@ShakirAli.in | +91-