An Initiative For Fabricating Electrical And IT Startup

Author:Ms Priya Mehta
Profession:H K Acharya & Co
 
FREE EXCERPT

Recently, the Government's affiliation with startups altered drastically. From the year 2015 Independence Day, Prime Minister Narendra Modi initiated the Startup India campaign to perk up the environment for startups and small and medium size enterprises (SMEs) across India. Startup India is an initiative to assist budding entrepreneurs. This ambitious program by the Government of India received a positive ovation from the startup ecosystem and is meant for fostering and encouraging entrepreneurship and startups extensively. Since then, many restrictions have been removed and enticement put in place. Here are the newly two schemes described as an initiative for supporting, sensitizing and Fabricating IP Awareness among various stakeholders and a scheme for Shoring up International Patent protection in Electronics and Information Technology.

Indian Government endows in the midst of IP awareness and sustains Workshops/seminar in Electronics and Information technology sector under the scheme of supporting, sensitizing and fabricating IP awareness. The proposal aspires to offer financial support to academic organization, manufacturing bodies and DeitY self-governing societies.

Further it has been declared that, this thought provoking scheme by administration will lasts for a period of 5 years i.e. up to November 30, 2019 and the online Application forms are available at www.deity.gov.in.

Financial support or assistance will be provided to eligible institute/organization for generating IP responsiveness workshops/seminars. The restriction of subsidy for stakeholders intended to receive benefits will be based upon the norms under this scheme is as follows:

Educational institutes providing technical education in Electronics & Information Technology realm and incubation park/entrepreneurship cell will aid maximum support up to Rs.2.0 Lakhs. Industry or Manufacturing bodies like MAIT, ELCINA, CII, NASSCOM, FICCI, IESA, ASSOCHAM etc. will abet up to Rs. 3.0 lakhs. Rs. 5.0 Lakhs for DeitY Societies, DeitY Autonomous bodies involving international experts. The guiding procedure for filing submission form electronically as a support for IP awareness Workshop(s)/Seminar(s) is as follows:

The details of applicant organization is required specifically Category of organization that falls under the purview of one of either Educational institutes, Industry bodies and DeitY Society(ies) or DeitY Autonomous Body(ies), Legal status of the organization as...

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