[New Delhi]Modi’s Prabhu to Take up Questions From Startups Tommorrow
Union Minister of Commerce and Industry, Suresh Prabhu will address the Start up community by answering questions on Startup India.
The objective of the live session is to address concerns and elaborate on the support which they can seek from Startup India.
The live session will be held on Wednesday, 16th May at 4.30 pm on Suresh Prabhu’s social handles – Twitter and Facebook, along with Startup India’s social handles – Twitter, Facebook and YouTube.
As per Ministry ,Participants need to use the hash tag #AskPrabhu and put their questions across before the live session. Select questions will be answered by Suresh Prabhu.
[New Delhi] Govt Recognises Only 8,625 Startups
As per the data available with Startup India, a total of 8,625 Start-ups have been recognised as on 30 March, 2018.
2711 start-ups where incorporated in 2017-18. This information was given by Minister of State of Commerce & Industry, Shri C. R Chaudhary in a written reply in the Rajya Sabha today.
The Minister said that the ‘State Startup Ranking Framework’ is spread across 7 areas of interventions with a total of 38 action points and overall score of 100 marks.
The areas of interventions include
Startup policy and implementation,
seed funding support,
venture funding support,
ease of public procurement and
awareness and outreach.
[New Delhi]Dr Jitendra Singh invites young Start-Ups to Northeast
The Union Minister Dr Jitendra Singh invited young Start-Ups from all over India to come to Northeast and try their fortune through unexplored potentials of the region.
Addressing a gathering of participants, after going through the various stalls put up at the “Skill India” exhibition at the Jawaharlal Nehru Stadium today, Dr Jitendra Singh said, while all the avenues of livelihood and new ventures are gradually getting exhausted in other parts of the country and States, the immense unexplored avenues and potentials of North Eastern region are still available and beckoning the young entrepreneurs to come and try their luck.
Northeast Venture Fund, said Dr Jitendra Singh, is the first dedicated venture capital fund for North-Eastern region and the initiative to set it up began in April last year. He further explained that “North-East Venture Fund” has been set up by North Eastern Development Finance Corporation Ltd (NEDFi), which already has the mandate to encourage entrepreneurship in the region, primarily by offering support to the first-generation entrepreneurs. In addition, the NEDFi also performs the role of hand-holding and capacity building, he said.
Dr Jitendra Singh said, the region has huge potential for young Start-Ups unlike many other parts of the country and hoped that the patronage being provided by the Central government will make up for the constraints faced by a youngster when he sets out to be on his own.
The Minister of State for Development of North Eastern Region (I/C), Prime Ministers Office, Personnel, Public Grievances & Pensions, Atomic Energy and Space, Dr. Jitendra Singh going around the various stalls put up at the “Skill India” exhibition, at Jawaharlal Nehru Stadium, in New Delhi on February 18, 2018.