For a startup to grow and thrive in a country it needs government support. The Indian government has launched a number of initiatives for startups that are aimed at ensuring long-term economic growth and fostering innovation, consequently increasing job prospects in the country. The government has set up the ‘Department of Industrial Policy and Promotion’ (DIPP) for formulating policies and...
One of the pillars of the government’s Make in India endeavors is the Startup India initiative. This gave rise to a slew of start-ups, which are said to be multiplying at a rate of 10 to 12% every year. This new surge neatly matches the government’s goal of creating a digital economy based on India stack-based inventions like UPI and BHIM. With so many new firms sprouting up every...
When it comes to both Small and Medium Enterprises (SMEs) in developing countries like India there is no doubt that they contribute to improving the standard of living by creating employment opportunities. Despite the fact that numerous studies were conducted on business incubators, the answer to the importance of entrepreneurial skills in the role of business incubators is still not clear...
With numerous tech firms entering the market and roughly 42 companies becoming unicorns in 2021, India’s startup ecosystem has come a long way. Startup ecosystems in India are at their best and the overall environment is pro-business, encouraging aspiring minds to develop innovative ideas. However, we all know that starting a business involves much more than just having an idea; it...
Innovation is the driving force behind a startup. Startups become multibillion-dollar corporations when they successfully implement their novel idea. The start-up’s new product ideas, new ways of doing things and appealing designs are all part of its intellectual property (IP). However, these businesses often find it difficult to figure out how to protect their intellectual property while growing...
Today, non-disclosure agreements exist in almost every industry. Companies utilize NDAs for a variety of reasons, ranging from safeguarding sensitive information to settling potentially furious former employees. NDAs are, at their essence, a technique for limiting the amount of information that leaves an organization. Through this article let us try to understand why we need a non-disclosure...
Post the pandemic, the government of India is on a mission to build a strong startup ecosystem. For the support and benefit of entrepreneurs, the government has created a ministry that is dedicated to assisting new businesses and providing them with valuable expertise and other facilities in order to grow. Considering the fact that the country is offering various government schemes to...
Startups today are playing a crucial part and contributing handsomely to the growth of the economy. They are the vibrant, diverse and innovative channel through which smart ideas and tech are changing the way we live. Additionally they are creating more jobs, building value in products, adding to the foreign exchange kitty, improving the standard of living and a lot more. It is evolving so fast...
The subject of taxation in India is such that the very mention of the word is sufficient to bring up a really mixed bag of opinions. The other notable thing being, how wildly these opinions will oscillate between the well informed and the ill-informed. But yes, you just cannot escape the fact that everyone will have their own opinion on this somewhat complicated and often misunderstood subject...
Startups have been quite the thing over the last decade or so. Almost every day, someone, somewhere is attempting to start a business. Becoming an entrepreneur is no easy feat. There is the difficult question of what business to open that entrepreneurs must ponder on as this is critical to the success of their business. Easy business ideas are available online however entrepreneurs must research...