Tamil Nadu has launched a revamped Startup and Innovation Policy 2023 with several action points aimed at making the state achieve leadership in the startup ecosystem, the government said on Wednesday. The policy, equipped with 50 action points, was rolled out by Chief Minister M K Stalin at the Secretariat to support the state government’s
In a year when frugality has been the rallying mantra for the technology world, expectedly so the ET Startup Awards jury kicked off the discussions for this year’s ‘Bootstrap Champ’ category taking note of the scale and profitability achieved by the nominees without having raised any external funds. Three Bengaluru-based firms — Boldfit, a manufacturer
Foreign bank HSBC India announced that it will provide $250 million in loans to start-ups in the country. In a statement, the bank said it did not specify a timetable for the payment amount. The loan will be made available to technology-led, high-growth startups in the world’s third-largest startup ecosystem. The loan will be administered by the
The number of government-recognized startups has increased to over 1 lakh at present from 450 in 2016, Commerce and Industry Minister Piyush Goyal said on Saturday. Addressing entrepreneurs here, he expressed confidence that by 2047, India’s economy would experience exponential growth. Goyal underlined the government’s commitment to improving the ease of doing business in India,
10-year-old Young Entrepreneurs Association (YEA) of Hyderabad, on Friday evening unveiled its striking new logo. Dr. BVR Mohan Reddy, Founder & Executive Chairman of Cyient, unveiled the emblematic symbol of YEA Hyderabad’s evolution. The association also introduced a dynamic startup fund with an initial corpus of ₹5 Crore, and plans are in place to expand its scale
The Centre is developing an action plan to support investment in India’s startup sector. The plan is expected to involve expanding the existing Startup India initiative, which has been in place for seven years. An official has stated that the government aims to address issues such as regulatory permissions, taxation, and the ease of doing
We often hear about newly established companies achieving success and contributing to the growth of our country. With the support of funding and IPOs, many businesses are adopting a formal company structure. From its formation to its dissolution, a company must comply with all relevant laws in the country, including company law, income tax laws,
A Startup Seed Fund is a type of financial support provided to early-stage startups to help them get off the ground and develop their business ideas into viable products or services. It typically involves providing a relatively small amount of capital to cover initial expenses such as product development, market research, prototype creation, and initial
On the occasion of India’s 77th Independence Day and the 117th foundation day, Indian Bank, a prominent Public Sector Bank, has unveiled 10 dedicated startup cells across various locations. S.L. Jain, the MD and CEO of Indian Bank, inaugurated the startup cell in Chennai physically and virtually inaugurated cells in significant startup hubs such as
