An additional area relating to this initiative is to discard restrictive States Government policies within this domain, such as License Raj, Land Permissions, Foreign Investment Proposals, and Environmental Clearances. It was organized by The Department for promotion of industry and internal trade. A startup defined as an entity that is headquartered in India, which was opened less than 10 years ago, and has an annual turnover less than. Under this initiative, the government has already launched the I-MADE program, to help Indian entrepreneurs build 10 lakh mobile app start-ups, and the MUDRA Bank's scheme, an initiative which aims to provide micro-finance, low-interest rate loans to entrepreneurs from low socioeconomic backgrounds. Initial capital of has been allocated for this scheme.
, which is headquartered in Japan, has invested into Indian startups. The Japanese firm has pledged to invest. Google declared to launch a startup, based on the highest votes in which the top three startups will be allowed to join the next Google Launchpad Week, and the final winner could win an amount of in Google cloud credits. Oracle on 12 February 2016 announced that it will establish nine incubation centers in Bengaluru, Chennai, Gurgaon, Hyderabad, Mumbai, Noida, Pune, Trivandrum and Vijayawada. Rs 1000 crore Fund of Funds for startups are reserved for women-led startups.
State rankings
The result of first ever startup state ranking were announced in December 2018 by the Department of Industry and Internal Trade based on the criteria of policy, incubation hubs, seeding innovation, scaling innovation, regulatory change, procurement, communication, North-Eastern states, and hill states. The 2018 Startup State Rankings are:
has initiated a government startup nodal agency called "Kerala Startup Mission ". KSUM supports startup ecosystem by means of different components such as Infrastructure, Human Capital Development, Funding,Governance, Public-Private Partnership,Global collaborations, Scaling Existing and Establishing New startup ventures from Startup-Boot Up-Scale up model for moving fast from ideas to IPO. It launched the largest Incubation space name Integrated Startup Complex in 2018 at the Kerala Technology Innovation Zone,Cochin. The state also matches the funding raised by its incubator from Central government with 1:1. Telangana has launched the largest incubation centre in India as "T-Hub". Andhra Pradesh has allocated a 17,000-sq.ft. Technological Research and Innovation Park as a Research and Development laboratory. It has also created a fund called "Initial Innovation Fund" of for entrepreneurs. The government of Madhya Pradesh has collaborated with the Small Industries Development Bank of India to create a fund of. Rajasthan has launched "iStart Rajasthan" & India's largest business incubation center - "Bhamashah Techno Hub". In order to promote start-ups in Odisha, the state government organised a two-day Start-up Conclave in Bhubaneswar on November 28, 2016.
Higher education alliances
As per the "Industry-Academia Partnership and Incubation" focus of the Startup India initiative, the Union Ministry of Human Resource Development has announced plans for the development of "Research Parks" to be created in partnership with higher education providers across India. An initial investment of Rs.100 crore, has been set aside for the program, which aims to provide students with access to funds and mentorship for startups. The Innovation in Mobile App Development Ecosystem program was also rolled-out in February 2016. An initiative developed in partnership with The Department Of Telecommunications, Telecom Centres of Excellence, EVC Ventures, and Unifyed, it aims to help Indian entrepreneurs create mobile app startups. The program is scheduled to last for 5 years, and has collaborated with 11 Indian universities.
