Incube Ventures

03/02/2016

02nd February, 2016:

Had a discussion with few prominent people in Anand district about and activities. Amazed by the responses and awareness on the subject matter. May it be government official or college faculties. Everywhere there's a need of supporting various . I read in news paper that 86% of Young India wants to be an entrepreneur.. That's where I feel, there's an utmost need of start-up ecosystem we have developed over the years.

When we began our journey, , investing in specifically Social Ventures were very tough to explain. But now scenario has totally changed following action plan declarared by narendra modi.

I feel there's a lot to perform in our endeavors... Future seems bright for incube ventures and aashray incubator...

18/01/2016

Conditions for taking benefits of Startup Scheme:

1. It must be an entity registered/incorporated as a:
a. Private Limited Company under the Companies Act, 2013; or
b. Registered Partnership firm under the Indian Partnership Act, 1932; or
c. Limited Liability Partnership under the Limited Liability Partnership Act, 2008.
2. Five years must not had elapsed from the date of incorporation/registration.
3. Annual turnover (as defined in the Companies Act, 2013) in any preceding financial year must not exceed Rs. 25 crores.
4. Startup must be working towards innovation, development, deployment or commercialization of new products, processes or services driven by technology or intellectual property.
5. The Startup must aim to develop and commercialise:
a) a new product or service or process; or
b) a significantly improved existing product or service or process, that will create or add value for customers or workflow.
6. The Startup must not merely be engaged in:
a. developing products or services or processes which do not have potential for commercialization; or
b. undifferentiated products or services or processes; or
c. products or services or processes with no or limited incremental value for customers or workflow
7. The Startup must not be formed by splitting up, or reconstruction, of a business already in existence.
8. The Startup has obtained certification from the Inter-Ministerial Board, setup by DIPP to validate the innovative nature of the business and
a. be supported by a recommendation (with regard to innovative nature of business), in a format specified by DIPP, from an Incubator established in a post-graduate college in India; or
b. be supported by an incubator which is funded (in relation to the project) from GoI as part of any specified scheme to promote innovation; or
c. be supported by a recommendation (with regard to innovative nature of business), in a format specified by DIPP, from an Incubator recognized by GoI; or
d. be funded by an Incubation Fund/Angel Fund/ Private Equity Fund/ Accelerator/Angel Network duly registered with SEBI* that endorses innovative nature of the business; or
e. be funded by GoI as part of any specified scheme to promote innovation; or
f. have a patent granted by the Indian Patent and Trademark Office in areas affiliated with the nature of business being promoted.
* DIPP may publish a ‘negative’ list of funds which are not eligible for this initiative.

17/01/2016

Announcements by PM on :

#1. Compliance regime based on self-certification. Labour laws – no inspection for 3 years

2. Startup India hub – single-point contact (‘friend, mentor, guide’)

3. Mobile app to be launched on April 1: registration of startup company in one day | Also portal for clearances, approvals and registrations

4. Fast-track mechanism for startup patent applications

5. Panel of legal facilitators for startups to file IP (patents, designs, trademarks) – costs borne by gov

6. 80% rebate on filing of patent applications by startups, as compared to other companies

7. Relaxed norms of public-procurement for startups. No requirement of turnover or experience, but no relaxation of quality

8. Faster exits for startups (Insolvency and Bankruptcy Bill), eg: wind up within 90 days

9. Fund of funds – initial corpus – INR 2,500 crore, later on 10,000 crore

10. Credit guarantee fund for startups

11. Tax exemption on capital gains

12. Tax exemption to startups for 3 years to promote growth

13. Atal Innovation Mission:sector-specific incubators, 500 tinkering labs, pre-incubation training,seed fund for high-growth; PPP model being considered for 35 new incubators; 31 innovation centres at national institutes, 7 new research parks like IIT-M. 5 new bio-clusters

14. Innovation Core Programs for school students in 5 lakh schools

15. Annual Incubator Grand Challenge to create world class incubators in India

16. National and International Startup Festivals to provide visibility

16/01/2016

initiative... Very promising for ...

25/10/2015

Our prime minister has urge us for using the Indian products which generates enormous livelihood opportunities and our money stays within the nation to grow our strength. Please try to avoid all imported products, seldom it is injurious to health also and definitely damaging to our economy.

10/08/2015

Exactly the similar impact growth, socent competitiveness and ecosystem built by &

“How can you drive & through collaboration? Learn more. http://t.co/uc69M0ToV5”

16/07/2015

16/07/2015

Inauguration of Aashray Promotion of Social Enterprises Foundation on June 20, 2015 by Dr APJ Abdul Kalam, former President of India at the EDI Campus.

16/07/2015

GSTV's coverage of Aashray's pre-launch press meet at Ahmedabad on June 19, 2015.

24/06/2015

Dr. A.P.J. Abdul Kalam inaugurated at EDI on June 20, 2015. A memorable day for all us, here are some of the pics from the event.

20/06/2015

unveils a brand new website.

We will inspire, mentor, fund and incubate exceptional individuals whose ideas, passion and entrepreneurial skills can transform the lives of people .Apply Here

19/06/2015

To create an enabling & inclusive ecosystem for social entrepreneurs, has been set-up.
Entrepreneurship Development Institute of India, Ahmedabad Saath Livelihoods Ashoka India

With a focus on developing innovative social ventures that would use technology to create affordable, quality services for the bottom of the pyramid, a techno-social business inclubator Aashray has been set up in Ahmedabad by a consortium of