1. Industry leaders to attend Start-up India brainstorming

Industry leaders to attend Start-up India brainstorming

Flipkart founder Sachin Bansal, Snapdeal’s Kunal Bahl, Ola founder Bhavish Aggarwal, Paytm founder Vijay Shekhar Sharma, Shop Clues founder Radhika Agarwal, Oyo Rooms’ Ritesh Agarwal will attend

By: | New Delhi | Updated: January 13, 2016 8:47 AM
Startup The proposed one-day brain-storming session for Start-up India on Saturday will have a dedicated panel discussion on ‘Inspirations From Silicon Valley’, to be moderated by IDG Ventures India founder chairman Sudhir Sethi.

The unveiling of a work plan on the Start-up India programme on January 16 may well aim to build an eco-system to suit domestic conditions, but that doesn’t stop the government from letting local entrepreneurs draw lessons from Silicon Valley’s experience. The proposed one-day brain-storming session for Start-up India on Saturday will have a dedicated panel discussion on ‘Inspirations From Silicon Valley’, to be moderated by IDG Ventures India founder chairman Sudhir Sethi.

Shalini Govil Pai, senior director of Google and YouTube, Kanwal Rekhi, partner of Inventus Capital, Anand Rajaraman, founding partner of Milliways Ventures, Ram Reddy, founder of Global Industry Analyst Inc and Asha Jadeja Motwani, founder of DotEdu Ventures, will participate in this discussion.

As many as 14 sessions of discussions will be held throughout the day before Prime Minister Narendra Modi unveils the action plan on Saturday evening. Interactive sessions with eminent global business leaders, including SoftBank founder and chief executive Masayoshi Son, Uber founder Travis Kalanick and WeWork founder Adam Nuemann, will be a crucial part of the event, as the government expects around 40 top executives, start-up founders, venture capitalists and angel investors from the Silicon Valley to take part in or witness the series of discussions.

The who’s who of Indian start-ups and businesses — Flipkart founder Sachin Bansal, Snapdeal’s Kunal Bahl, Ola founder Bhavish Aggarwal, Paytm founder Vijay Shekhar Sharma, Shop Clues founder Radhika Agarwal, Oyo Rooms’ Ritesh Agarwal — will be in attendance. Secretaries from various departments will be a part of the discussions as well. The event will be inaugurated by finance minister Arun Jaitley, which will also be attended by commerce and industry minister Nirmala Sitharaman and minister of state for finance Jayant Sinha.

The action Plan is expected to include the definition of start-ups and various incentives to be extended to them to boost entrepreneurship. Commenting on the definition, a senior government official told FE that a start-up should be technology-driven and focus on innovation.

  1. H
    Hemen Parekh
    Jan 21, 2016 at 6:37 am
    START UP RE-DEFINED No doubt , you have read the definition of a Start Up in the Start Up Action Plan doent 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 MY TAKE : # Each year 12 million persons join India's work force # Of these , 3.5 million are Graduates # Rest ( 8.5 million ) are 10th / 12th Standard p or less # No more than 1,000 persons will fulfill above mentioned " Eligibility Criteria " for Start Up # There will be endless debates on the correct meaning of words in CAPITAL letters above ! WHY SUCH STRINGENT " ELIGIBILITY CRITERIA " ? # At Rs 2.5 cr loan per Start Up, Govt Fund of Rs 2500 Cr can help only 1,000 Start Ups ! # Any relaxation in " eligibility criteria " , may result in MILLIONs of persons queue-up ! WHAT IS THE IMPLICATION ? # Funds are just insufficient to help 12 million persons to become " Self Emplo " MY SUGGESTION : In India , we are talking of getting " Unemplo " to launch " Start Ups " Anywhere between 100 million to 400 million " Unemplo " for whom neither Public Sector nor Private Sector , is in any position to create jobs We want them to become " Self Emplo " - what Shri Narendra Modi described in USA , as our " PERSONAL SECTOR " They are unlikely to launch technology driven , Web-based businesses , even if their businesses require them to have a Smart phone , on which , their customers can reach them They aspire to become ( list can run into 200 trades ! ) : * Street-side Vendors ( Vegetables / Shoes / Purses / Fruits / Trinkets ) * Craftsmen ( Plumber / Electrician / Carpenter / Repairer ) * Dhobi / Barber / Pan Beedi shop-owner / Tailor / Mochi * Doodh-wala / Ruddi Paper-wala / Gajra-wala / Delivery Boy * Cook / Maid / Courier / Tuition Teacher / Beautician / Taxi Driver * Home-cooked Tiffin Service / Car wash / Gardening ...... How can we help millions of JOBLESS to set up such MICRO - BUSINESSES ? By Government ( Central / State / Munil ) getting out of their way ! HOW ? * No licenses / permits / approvals / conditions / criteria * Simple online registration on proposed Web site of DIPP for Start Ups * No personal Income tax for individuals * No Corporate Income tax for Start Ups for 10 years ( no chance of profit in first 3 years ) * Amnesty Scheme for enabling Rs 10 million*crores of BLACK MONEY to flow into such Self Employment It is still not too late for our Policy Makers will think " Out of Box " and implement : > Blogs > A New Economic Order - Start Up Act - 2015 Anything less just won't make much of a difference ! ------------------------------------------------------------------------------------------------------ hemen parekh 21 Jan 2016
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