Nominations / Applications Open for Startups for UPSTART 2016 till August 31, 2016
Promoting Sustainable Youth Entrepreneurship & Innovations in North East
UPSTART: THE PROGRAMME LAYOUT
Start, Invest and Innovate
The Youth is the vibrant force in North East India. And with the region fast evolving hub of new technology, innovation and emerging social and business ventures, this provides unprecedented opportunity and scope for entrepreneurship and startups. A lot of new initiatives are being taken up to make North East India a vibrant entrepreneurial society from the socio-economic perspective. The latest offering is emergence of Startups as entrepreneurial ventures or new businesses in the form of a company or a temporary organisation inventing a business model which is scalable, replicable and sustainable, formed usually by partnership.
The ‘Startup India, Standup India’ plan announced by the Government, and provisions like two years of tax-free facility and three months’ exit period; the special endowment in the form of a ‘venture fund’ as a special incentive under this scheme for new entrepreneurs, so as to relieve them from financial liabilities under the Ministry of DoNER; special venture fund provision in the North Eastern Council (NEC) policy programme, are testimony to the efforts towards a positive transformation in the startup environment in the region. Read more