Government Funding for Startups in India

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5 Government Schemes for Paving the Way for
Startups in India

• In the past few years, the entrepreneurial
  movement in India has got a tremendous boost.
  Driven by massive funding, consolidation
  activities, evolving technology, and domestic
  market the startup ecosystem have thrived hugely.
  
• There is no better way to fund your business than
  self-funding with your own revenues. But not all
  startups are able to do that. For domains like
  pharmacy, healthcare, and agri-business special
  funding schemes are provided. If working on a
  patentable product or service there are many
  funding schemes for supporting Indian and
  international grants or Business News?

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Indian Government Funding for Startups in India

• If working on a patentable product or service,
  especially in domains like pharma, healthcare
  products, and agri-business, there are many
  schemes of government funding for startups in
  India and international grants to support
  startups.
• The Indian Government Funding for Startups in
  India has taken many initiatives for startups.
  These initiatives aim to empower Startups to grow
  through innovation and design and to accelerate
  spreading of the Startup movement. The government
  funding schemes for startups in India mainly
  focuses on providing the much needed capital for
  investment. This capital is provided at
  subsidized interest rates, so as to encourage
  people to realize their dreams with their own
  ventures. 

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Support for International Patent Protection in
Electronics Information Technology (SIP-EIT)

• It is an initiative by the Indian Government for
  micro, small and medium enterprises, and
  technology startup units. It includes benefits of
  expenses incurred while filing and processing of
  the patent application up to grant.
• Multiplier Grants Scheme (MGS)
• Applicable to IT services, analytics, enterprise
  software, technology hardware, IoT, AI. The aim
  of this scheme is to encourage industry to
  collaborate with premier Academic and Government
  RD institutions for the development of products.

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Software Technology Park (STP) Scheme

• Software Technology Park (STP) Scheme
• This scheme is applicable to IT services,
  enterprise software, analytics, and AI.
• Electronic Development Fund (EDF) Policy
• Providing capital risk this scheme by the Indian
  government is applicable to IT services,
  analytics, enterprise software, technology
  hardware, etc.
• The Venture Capital Assistance Scheme
• Applicable to the agriculture industry this
  scheme depends on the project cost, location, and
  the promoter's status.

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