India – Prime Minister Narendra Modi released a blueprint of “Startup India Programme” which included startup and entrepreneurship law to make it easier to setup new ventures and closing down deadbeats. It is a stark departure from the bureaucratic way of doing things.
The government is also setting up a Rs.2,000 crore fund that allocates that allocates money to different domestic venture funds which provides seed funds to innovators and entrepreneurs,
Google offered $15,000 of equity funding for early stage startups at a session called ‘Launchpad Accelerator’ where startups can make live presentations about their business ideas.
Singapore based Apple Seed, a venture accelerator supported by Spring Singapore has announced that it will accelerate 100 startups and will be setting up its operations in Bangalore, India.
World Bank excited to work with government on start-up programme, says Onno Ruhl, World Bank Country Director.
With 4,200 startups, India ranks 3rd globally and 9 Indian startups are valued at over a billion dollars. India can be bigger in momentum than China in next 10 years; 21st century belongs to India: Softbank CEO.
