“ Slow and
Steady “ loses the race !
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
Dear Abhishekji :
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 :
·
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