Gujarat · 2019-10-16 · commerce websites to sell the products, a crafts museum and a raw...

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Entrepreneurship Ecosystem Overview Gujarat 1

Transcript of Gujarat · 2019-10-16 · commerce websites to sell the products, a crafts museum and a raw...

Page 1: Gujarat · 2019-10-16 · commerce websites to sell the products, a crafts museum and a raw material bank for selected craft products. 6. Student Startup & Innovation Policy - 2017

Entrepreneurship Ecosystem Overview

Gujarat

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Levers of change – Entrepreneurship

Following are the key levers of change which determinewhether a state’s policy, education, legal framework, financialsystems, business markets, cultural and social ethos areaugmenting Entrepreneurship Growth:

1. The Entrepreneur

2. Govt. & Regulatory Support

3. Access to Finance

4. Educational & Cultural Preparedness

5. Mentoring & Networking

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The Entrepreneur

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Gujarat ranks #5 in ‘Ease of Doing Business’ index 2017-2018 accordingto the Department of Industrial Policy and Promotion's (DIPP).

Ahmedabad has been titled ‘’EMERGING CITY’’ for startups(NASSCOM 2015)

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Govt. & Regulatory Support

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Schemes:

• Cottage & Rural Industries Policy 2016• Student Startup & Innovation Policy -2017 to 2021

Govt. Regulatory Bodies:

• Investor Facilitation Portal• Gujarat Industrial Development Corporation• iNDEXTb

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Cottage & Rural Industries Policy 2016

The policy is valid upto 2021. The Cottage and Rural Industries Policy 2016aims at preserving, strengthening and promoting the traditional and eco-friendly cottage and rural industries of Gujarat for the socio-economic up-liftment of the people associated with the sector and for inclusive economicgrowth and development. It will broadly provide access to credit, helpinfrastructure development and entrepreneurship.

Benefits• The state government will provide assistance for diagnostic research, raw

material supply and design development support to the villages.• The new policy will provide support for machinery or equipment and

production assistance. This scheme provides each individual weaver newhandloom of Rs. 21,622 in which the weaver’s contribution is 35% andGovernment’s assistance is 65%. Artisans will get 75 per cent financialassistance on purchase of electronics machineries.

• It will also provide venture capital fund for new entrepreneurs. Forencouraging start-ups in the sector, subsidy for purchasing tools, e-commerce websites to sell the products, a crafts museum and a rawmaterial bank for selected craft products.

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Student Startup & Innovation Policy -2017 t0 2021

• The Innovation and Pre-incubation Ecosystem Support (IPIES) Policy of Gujarat shall cater to student startups and innovation ecosystem, and create base-level interventions to support the Gujarat startup ecosystem at all stages.

• It aims to develop an innovation ecosystem for the students and provide them with pre-incubation support.The goal is to convert atleast 1% graduates to job creators and harness 500 student startups in the next 5 years.

• The policy will provide Rs. 200 crore in the form of grants to ideas developed by the students and support over 1,000 innovation per year and create pre-incubation support in all universities of the state. Of the Rs 200 crore SIF, Rs 100 crore will be allocated by the state government and the remaining amount will be created by internal sources, like university funds and CSR funds.

• Under the pre-incubation support, it would help convert ideas of students from proof of concept (PoC) upto minimum viable proto type (MVP), besides providing support for patent filing.

http://www.gksgujarat.org/uploads/SSIP_Education_Policy.pdf

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Gujarat Industrial Development Corporation

• The Gujarat Industrial Development Corporation has been created for securing the orderly establishment and organization of industries in industrial areas and industrial estates in the state.

• Main role of the GIDC is to identify locations suitable for industrial development and create industrial estates with infrastructure such as roads, drainage, electricity, water supply, street lights, and ready-to-occupy factory sheds.

• GIDC has developed SEZs for Apparels, Chemicals and Petrochemicals, Electronics, IT, BT, Handicrafts etc.

• GIDC is Setting up an Industrial park for Women’s entrepreneurs within Bol(Sanand) industrial estate for 18.31 Hect.Having 200 Industrial plot ranging from 375 Sq.m to 3000 Sq.m

https://gidc.gujarat.gov.in/index.html

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Investor Facilitation Portal

• An 'Investor Facilitation Portal' is a single window online platform whichacts as the first point of contact for any probable investor in the State ofGujarat.

• A comprehensive list of Pre-Establishment as well as Pre-Operation approvals required for setting up a business availble on the portal.

• Online facility for filling of all required forms and payments

• Online availability of certificates and licenses to view as well as download

• Incentives under various policies provided under the single window online portal

http://ifpgujarat.gov.in/portal/index.jsp#

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iNDEXTb

• It aims to provide information to the entrepreneurs in particular, regarding theopportunities available in the State of Gujarat for industry, commerce, trade,business openings and participation therein.

• To search, encourage and identify the prospective entrepreneurs, technicians,artisans and investors and to motivate them in establishing industrial unit inthe State of Gujarat.

• To assist and help the entrepreneurs and investors in setting up industriesproviding necessary information and knowledge regarding form oforganisation obtaining letter of intent, preparation of project report, loanapplications to the financial institutions, technical know-how, procurement ofland, indigenous and imported plant and machineries and raw materials,market survey, publicity, management services and other allied services.

http://www.indextb.com/about-us/aims-and-objectives.aspx

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Access to Finance

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Schemes:

• Scheme for Assistance to Startup/Innovation 2015• Comprehensive Agro Business Policy (2016-21)

VC’s and Angels:

• Gujarat Angels• GVFL• Lead Angels• Infuse Ventures• GAIN• Incube Ventures• Angel Investors – Sunil Parekh, Chirag Patel, Rohit Kilam, Rajiv Sharma

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Scheme for Assistance to Startups / Innovation 2015

• The scheme was launched on 1.1.2015 and will remain in operation for aperiod of five years. Assistance to Startups/Innovation scheme’s operativeperiod is 01 January, 2015 to 31 December, 2019. Any individual/group ofindividuals having innovative idea/Concept will be eligible to benefit from thescheme. Under the scheme, Industries Department approves NodalInstitutions (NIs) based on proposals submitted by them.

• It aims to develop entrepreneurial skills in youth by providing them mentoringservices and range of facilities. Creating a favourable ecosystem for Start-ups,Innovation and Technology Transfer

Benefits

• Rs. 10,000/- per month will be provided to the innovator as sustenanceallowance for one year whose project is recommended and approved byinstitution’s Screening Committee. Innovator also gets free access tolibrary,Govt. Laboratories, Center of Excellence.

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Scheme for Assistance for Startups / Innovation - Benefits

• Up to Rs. 5 Lakhs assistance will be provided to the institution for mentoringservice annually.Up to Rs. 10.00 Lakhs assistance will be provided for Cost ofRaw Material/Components & other related equipment required for theinnovative process for the new product development based on approval of theScreening Committee.

• When an innovators idea gets commercialized, they get marketing/ publicityassistance up to Rs. 10 Lakh for introduction of innovated product, VATreimbursement upto 80% of Net VAT paid for 5 years upto 70% of fixed capitalinvestment and other benefits under MSME schemes.

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• IT/ITeS startups will get lease rental reimbursement at the rate of Rs.15per sq. ft. per month for 2 years, Interest subsidy at 9% per annum subjectto a ceiling of Rs. 2 lakhs per year for 2 years, Additional support of 25% ofequity capital raised without scrutiny up to Rs 5 crore, 100%reimbursement of Stamp Duty and Registration Fee, Reimbursement ofthe cost of obtaining Patents up to Rs 2 lakh per patent & Marketingassistance and Subsidy on Bandwidth charges.

• Startup Gujarat is an online portal for the implementation for the policy.They have step by step information on how to access help through aprocess of online application. They provide information on incubators,accelerators, and other key players of the entrepreneurial ecosystem.http://www.startupgujarat.in/institutes.htm

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Comprehensive Agro-Business Policy (2016-21)

• The agro business policy aims to prioritize food security and increase farmersincome. It will enhance the farm productivity, reduce wastage and provideemployment in rural areas that are heavily dependent on agriculture. Agri-business will also play a role in environmental conservation.

Benefits

• Subsidy on investment to agro and food processing industries

• Assistance of Back Ended Interest Subsidy on the Term Loan for Agro andFood Processing Units

• Assistance of Back Ended Interest Subsidy on the Term Loan for Agro andFood Processing Units

• Freight Subsidy will be available to Micro, Small and Medium Enterprises(MSME)

• Sea-Freight Subsidy

• Reimbursement of VAT and Sales Tax

• Sample Testing17https://gaic.gujarat.gov.in/writereaddata/images/pdf/comprehensive-agro-business-policy-gr-2016-2021.pdf

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• Gujarat Angels is a not-for-profit organization dedicated to assisting early-stage, high-growth potential business ideas and entrepreneurs in Gujarat. Inaddition to money, GAFN brings connections, market knowledge, mentoringand operational excellence to early-stage entrepreneurs with disruptivetechnologies.

• GVFL-Gujarat Venture Finance Ltd GVFL is an independent, autonomousboard managed venture finance company that aims at providing knowledgeand expertise to guide entrepreneurs. It is backed by National andInternational Institutions like CDC– UK, HDFC, ICICI and various StateCorporations. It is one of the few Venture Capitalists (VC) to witness completelife-cycle of VC investment.

• Lead Angels Their aim is to assist investment into early stage ideas andcompanies founded by students and alumni of premier institutions. LeadAngels connects promising startups to experienced individuals who wish toinvest time and money for developing entrepreneurship.

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VC’s and Angels

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• Infuse Ventures is a venture catalyst. Housed at IIM Ahmedabad's Centre forInnovation Incubation and Entrepreneurship (CIIE), they partner withexceptional entrepreneurial teams in India to help create, build and scale newclean-tech business.

• GAIN Focuses exclusively on start-ups and early-stage companies by creatinga network of investors who would invest in businesses with ability to generatefree cash flows and scale-up without constant need for additional capital.

• Incube Ventures - India's first Social Venture Fund registered with SEBI asCategory I Alternate Investment Fund for investing into socially impacting,scalable and profitable enterprises/technologies. Incube Connect Fund(ICF) is aimed at entrepreneurs typically at the bottom of the pyramid interms of their ability to raise capital, partner them & take them into anecosystem which nurtures them to be investor-ready.http://in3ventures.org/

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• Sunil Parekh-an IIT-D alumnus & founder of Gujarat Angels is currentlyStrategic Advisor to prominent Industrial groups Zydus Cadila Group &Jubilant, Monitor Consulting (Michael Porter’s consulting arm), NDBI, CIIE,Lead Angels since their inception. Sunil, quoted as “Father of startupecosystem of Gujarat” is very much active in helping and guiding startups. Heis an investor and mentor to numerous startups in the state.

• Chirag Patel is the founder and CEO of Net4Nuts and is a veteran of the ITindustry with over 20 years of experience working with Information Systems,internet and mobile technologies. He is a founding charter member of TiEAhmedabad, and is on the advisory board of a couple of incubators and is aregular guest speaker at IIM-A, Nirma and other business schools.

• Rohit Kilam is an IT transformation leader at Adani Enterprises Ltd. Besides, hehas worked on different roles across the world in managing industryprofessionals and providing leadership for large, hyper-growth companies indeveloping markets.

• Rajiv Sharma is the CEO of Sterling Addlife India Limited. He has a diversework experience in industries such as oil & gas, consumer durables and inhealthcare in Indian and international markets. Rajiv is a member ofhealthcare committee of FICCI, Gujarat.

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Education & Cultural Preparedness

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• CED - The Centre for Entrepreneurship Development (CED)-A Government ofGujarat Organization is the 1st of this kind in the country, established in 1979,engaged in promoting skills and entrepreneurship across the state of Gujarat.In order to strike a deep and long lasting impact on the state economy, CEDhas constantly been on an innovation spree, consistently coming out withimaginative programs aimed at specified target groups.https://ced.gujarat.gov.in/?lang=Gujarati

• EDI - The Entrepreneurship Development Institute of India is an autonomousbody and not-for-profit institution. It is an acknowledged national resourceorganization which is engaged in entrepreneurship education, research,training and institution building. The PGDM–BE two-year, full-time, residentialprogramme at EDI has been designed specifically for entrepreneurs andentrepreneurial managers to encourage critical and lateral thinking, nurturetheir ambitions, and enable new ventures through an academically rigorous,directly relevant and highly practical learning experience.http://www.ediindia.org/

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• CIIE-IIM Ahmedabad’s Centre for Innovation Incubation and Entrepreneurship(CIIE) is an incubator and entrepreneurship promotion centre, which is set-up incollaboration with the Government of India’s Department of Science andTechnology and the Gujarat Government. CIIE works closely with investors,entrepreneurs, innovators and service providers to foster entrepreneurship.http://www.ciie.co/

• Gujarat Technological university (GTU) - GTU offers specialization in TechnologyEntrepreneurship. http://www.gtu.ac.in/

• Indian Institute of Technology-Gandhinagar places significant emphasis oninnovation, entrepreneurship and community engagement. Its undergraduateprogram includes innovative elements, such as an emphasis on the liberal arts,project oriented learning, compulsory courses in design and the life sciences,diversity and globalization. The students get a chance to expose themselves tothe importance of community engagement in its 5-week foundation program.The Institute organizes several hands-on design competitions and incorporatesseveral initiatives within its curriculum to cultivate innovation andentrepreneurship skills among students. http://www.iitgn.ac.in/

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Mentoring & Networking

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Startup Incubators, Co-Working Spaces

• MICA Incubator (Communication Technology Based BusinessIncubator) is an incubation centre specifically for the strategicmarketing and communication sector to commercialise and nurtureideas and innovations. It helps ventures conceptualize, develop andmanufacture innovative processes, formats, mediums ofcommunication for reaching out to individuals or masses. It providesthem training, mentoring, intellectual support services and therequisite infrastructure. http://incubator.mica.ac.in/

• NDBI is part of a commitment of NID, that aims to promote designfocused entrepreneurship. NDBI not only supports designers to turntheir ideas and concepts into successful competitive businesses butalso provides an environment where they can develop the essentialbusiness management skills and systems that enable them to grow.NBDI basically wants to create a new class of entrepreneurs, theDesignpreneurs. http://www.ndbiindia.org/

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• International Centre of Entrepreneurship and Technology (iCreate) is anautonomous institution that identifies, nurtures, and mentors aspiringindividuals/teams (with or without ideas) to pursue their entrepreneurialdreams. It conducts various seminars, reach-out programs, networking eventsand more for both students and aspiring entrepreneurs. The grooming andincubation program is conducted in a batch of 25 with a duration of 13 weeks.http://www.icreate.org.in/

• VentureStudio aims to nucleate an ecosystem of innovation thataccelerates regional economic development and create a national andglobal impact. VentureStudio also offers a product and business creationopportunity through a full-time six-month fellowship program forentrepreneurs, engineers, innovators and designers to learn and practicedesigning their own companies. https://ahduni.edu.in/vs/

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• The DA-IICT Centre for Entrepreneurship and Incubation (DCEI) aims toencourage students with an entrepreneurial bent of mind to come up withinnovative ideas and channelize their efforts to give births to new venturesbased on ICT products. http://ceid.daiict.ac.in/

• WorkingCo: It’s a co-working place in Ahmedabad. http://workingco.in/

• bSquarebc: Business Centre in Ahmedabad, launched with the objective ofproviding fully serviced, furnished office spaces.http://bsquarebc.com/about.html

• Daftar is a co-working space located in Ahmedabad, trying to build acommunity of independent professionals who are looking for networkingand growth. https://www.coworker.com/india/ahmedabad/daftar-the-coworking-space

• Spaceplexx: Co-working place in Surat.https://www.facebook.com/pg/spaceplexx/about/?ref=page_internal

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