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Meeting of the Commerce and Industry Minister with Incubators and Accelerators

News and Press Release - Dated:- 10-1-2017 - The Commerce and Industry Minister, Smt. Nirmala Sitharaman, held a meeting with various incubators and accelerators to gather feedback, hear their concerns and address key challenges faced by them in the Startup ecosystem. This is in continuation to her previous initiative to reach out to various stakeholders of the ecosystem. Incubators are critical for driving the growth of startups at all stages of their entrepreneurial journey. They help provide .....

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nition of incubators, accelerators, co-working spaces and mentors as Startup builders Service tax exemption is being currently provided to incubators duly recognized by Government; it should be extended to other incubators as well. The requirement of seed stage funding for Startups was highlighted.Incubators should be given grant by Government to help Startups at the initial stages. E.g. PRISM under DSIR which gives a grant of ₹ 2 lacs for startups at the seed funding stage is extremely he .....

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