14+ PPP programmes for startups
FICCI is creating joint ventures of start-ups between India and countries in Africa as well as Latin America and more recently in Russia, Secretary-General Dilip Chenoy has said.
“We are currently implementing 14+ national and global programs through PPP to encourage and enable start-ups to grow and creating joint ventures of start-ups between India and countries in Africa and Latin America and more recently in Russia,” he said at the launch of India’s first ‘FICCI for Start-ups’ initiative on 1 Oct 2020.
Since 2007, FICCI has been providing funding, capacity building and market access under several public-private programmes to the Indian start-ups.
Having supported 1,000+ startups and innovators to date with over Rs.125 crores, FICCI has been an active player in the start-up ecosystem.
Start-up enterprises supported by FICCI have been able to generate 140,000+ jobs and leverage over five times from external market sources.
Over 100 companies have been provided access to global markets across the US, South Asia and Africa, said FICCI.
A comprehensive benefits package has been developed by FICCI under the said initiative which includes connecting start-ups to FICCI corporate members, mentorship by industry experts, direct connect to the Indian Angel Network, access to soon to be set up FICCI-IAN social venture fund, access to FICCI innovation and start-up programs, exhibitions, delegations, conferences at special costs, connect to the global investor community, policy advocacy with the government on behalf of start-up members among others.
These benefits will be offered to the FICCI Start-up members, membership for which is being offered free of cost till December 31, 2020. Any start-up taking membership over the next three months can avail the benefits package without any cost for the next one year.
The official logo for ‘FICCI for Start-ups’ was also unveiled during the launch event.
FICCI’s start-up committee is backed by stalwarts including Saurabh Srivastava, Padmaja Ruparel, Naganand Doraswamy, Ullas Kamath, Yogesh Andlay among others.
Chenoy said that over the last decade, even before start-ups was a common word in the lexicon in India, FICCI had been playing an important role in fostering the Indian Innovation and entrepreneurship system in the country.
The initiative will provide a wide range of services and benefits to the Indian start-ups with the prime aim of this initiative will be to provide a voice to start-ups in India.
Addressing the launch webinar for the initiative, FICCI President Dr. Sangita Reddy said, “Start-ups are immensely essential to the growth of a nation’s economy. FICCI Start-ups is envisioned to help young Indian entrepreneurs to create a vibrant economy. This is the time to say Silicon Valley here we come.”
Dr Reddy further said that these benefits will be offered to the FICCI Start-up members and the start-up membership is being offered free of cost till December 31, 2020.
“Any start-up taking membership over the next three months can avail the benefits package without any cost for the next one year,” she added.
FICCI is the first global chamber to create a special program for Start-ups, said Dr Ajai Chowdhry, Chairman, FICCI Start-up Committee & Founder, HCL.
The ‘FICCI Start-up’ ecosystem will provide complete solution that any Start-up will require.
“We are Looking at a range of services to provide to all start-ups. We are working on existing and new Mentorships and a lot of these programs will be opened up for members,” said Dr Chowdhry.
“Entrepreneurs will help them in building relationships with accelerators, incubators, and angel funding. We will soon be launching FICCI-IAN social venture fund to financially support the Indian Start-ups,” he told the webinar.
Aastha Grover, Head Startup India Hub, informed, “Today, 45% of start-ups are coming from Tier 2 and Tier 3 cities with at least one start-up from each state and union territory in India.
“With the support of the State governments, industry association and stakeholders, India is the 3rd largest ecosystem when it comes to Start-ups.” #innovations #startups #technologies #solutions /fiinews.com
