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New Delhi– India’s startup ecosystem, which is widely considered as the third largest globally, has a total of 52,391 recognised entities as of July 14, 2021, Parliament was informed on Wednesday.
The startups are recognised by Department for Promotion of Industry and Internal Trade (DPIIT) and as of July 14, more than 5.7 lakh jobs have been reported by more than 50,000 startups, Minister of State for Commerce and Industry, Som Parkash, told the Lok Sabha in a written reply.
As per industry estimates, there are 53 unicorns currently in India, with a tentative valuation of Rs. 1.4 lakh crore, he said, adding that valuation of a company is a market driven exercise and the data of individual companies is not maintained by the DPIIT.
IndiaNew-delhiDelhiSom-parkashLok-sabhaAatmanirbhar-bharatDepartment-for-promotion-of-industryInternal-tradeStartup-indiaStartup-india-action-planPrime-ministerWay-aheadEconomic Survey 2021: Start-ups created 4.7 lakh jobs till December
India is now home to 38 unicorns, with at least 12 startups getting added to the list in 2020, says the survey.
Representative image (PC- MoneyControl.Com)
More than 4.7 lakh jobs were reported by startups in the country till December 2020, the government s annual pre-budget Economic Survey said on January 29.
The government recognised 41,061 startups out of which around 39,000 startups created these job opportunities. The survey did not specify the names of the companies or sectors that reported these jobs.
It said the country is now home to 38 unicorns, with at least 12 startups getting added to the list last year. The US and China have 243 and 227 companies that are worth more than a billion dollar.
ChinaIndiaControl-comEconomic-surveyAlternative-investment-fundsStartup-india-action-planசீனாஇந்தியாகட்டுப்பாடு-கமபொருளாதார-கணக்கெடுப்புமாற்று-முதலீடு-நிதிIndo-Canadian startup roundtable: Founders, VCs, accelerators discuss cross-border collaboration
As part of the Startup India initiative, the government is tapping into cross-border collaboration opportunities with the Canadian startup and VC ecosystem. Here s what some top leaders think of it.
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Last week, top entrepreneurs and venture capitalists from India and Canada came together at a roundtable to discuss and deliberate on potential
business and collaboration opportunities between the two nations.
Organised by the Schulich School of Business of York University (Canada s leading B-school) and Startup India, the virtual session featured prominent entrepreneurs, investors, angels, representatives of startup accelerators, incubators, government agencies, and other long-term
ChinaYu-luJiangxiUnited-statesIndiaCanadaUnited-kingdomTorontoOntarioAmericaCanadianAmit-guptaGovt introduces changes in startup definition, benefits to now flow for 7 years
Govt introduces changes in startup definition, benefits to now flow for 7 years
The Government Has Introduced Minor Changes To The Startup Definition, Saying A Business Not Older Than Seven Years Will Now Qualify For Benefits Under The Startup India Action Plan. PTI | Updated on: 26 May 2017, 12:25:25 AM
New Delhi:
The government has introduced minor changes to the startup definition, saying a business not older than seven years will now qualify for benefits under the Startup India Action Plan.
So far, only companies up to five years from the date of incorporation were eligible for concessions under the plan announced last year. As per the new definition, an entity shall be considered as a startup if its turnover is less than Rs 25 crore which remains unchanged and has not completed seven years from the date of its incorporation/registration.
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