Startup India Scheme

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9 Essentials for startup journey

Posted on by Fastlegal Team
  1. Having viable business Idea: Entrepreneurs are the people who take the innovation ahead, having business idea is essential to the startup journey and the idea should be such that it is possible to make it viable in the current market. Entrepreneurs may take survey from potential customers.
  2. Having a Good Website: As everything is now internet based, a good website is something where you can start off. Start by creating website, a website must have blog and social media presence to describe the products and services to visitors through contents.
  3. Registration as private limited company: This is essential if you want to go big, private limited company is different legal person from the founders. Founders starts working under legal entity and all the accounts of the business are separately managed. You need payment gateways and other things for which a registered business is essential legal requirement.
  4. Founders Agreement: Yes, this is must, your new project must be having co-founder; let say one for tech and other for operations, one for capital and other for tech etc… founders shares equity ownership and control in the registered business entity.Through founders agreement they divide their roles and responsibilities in startup, this can be through oral mean but a written agreement clearly defines roles of founders in the startup.
  5. Business Operation : Yes Start Doing the Entrepreneur hard work, Do not stop , get your first customer , second third ….so on.. Create better pricing plans. Provide services or sell products raise invoice invoices and invoices. Create systems at every stage.
  6. Sales Tax , Services Tax and Trademark : Now if you have stated making some revenue , don’t wait take services tax registration, if you are providing services or sales tax registration (TIN) if selling products. Apply for trademark ( Check for availability of trademark is essential before launching your startup , search it trough www.ipindia.gov.in ) Applying trademark will protect you from infringement of your mark and you can take legal ready against the person making infringement of your mark.
  7. SALE SALE SALE : Nothing more focus on generating revenue, revenue.. have proper accounts and fun..
  8. Business Legal Compliances (Take it seriously ) : Nothing much file Company Annual Accounts, Annual Returns , Income Tax Returns, TDS returns sales and services tax returns. Yes this should be done on timely basis; otherwise you will be facing lots of additional fee and penalties. Compliance Management System is Essential is necessary for every business entity to survive.
  9. Don’t Mind Cost of Compliance: Yes, Compliance is essential part if you want to grow your business, Not only business that are fully legally complied have big brand images but also have big competitive advantage over others.
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List of Incubators in India to Obtain Recommendation with Regard to Innovative Nature of Business

Posted on by Fastlegal Team

For Registration of an Entity under Startup India  recommendation letter is required to be attached while submitting the registration form , this nature of recommendation with regard to startup may be obtained from any incubator established in post-graduate college in India.

Following are the incubators from which recommendation letter can be obtained with regard to innovative nature of business :

  1. Association for Innovation Development of Entrepreneurship in Agriculture (AIDEA)
  2. IKP Knowledge Park – Life Science Incubator (www.ikpknowledgepark.com)
  3. Agri Business Incubator (http://www.agrisciencepark.icrisat.com)
  4. Technology Business Incubator – UOH (www.uohyd.ernet.in)
  5. International Institute of Information Technology (IIIT – H)
  6. Birla Institute of technology and Science, BITS- Pilani (Hyderabad Campus)
  7. Technology Base Incubator Society (TBIS) (udsctbi.org
  8. Shriram Institute for Industrial Research (A Unit of Shriram Scientific and Industrial Research Foundation) (www.shriraminstitu te.org)
  9. IAN Mentoring and Incubation Services (www.IndianAngel Network.com/incubator)
  10. National Design Business Incubator (NDBI) (http://www.ndbiindi a.org)
  11. CIIIE Initiatives, Centre for Innovation, Incubation and Entrepreneurship (CIIE) (www.ciieindia.org)
  12. Comcubator (www.micaedc.org)
  13. Gujarat Foundation for Entrepreneurial Excellence (GFEE – iCreate)
  14. Venture Studio: Center for Innovative Business Design
  15. Centre for Incubation and Business Acceleration (CIBA)
  16. Society for Innovation and Entrepreneurship in Dairying (www.ndritbi.com)
  17. Shri Mata Vaishno Devi University Technology Business Incubation Center Society (SMVDU TBIC)
  18. TBI – International Centre for Innovation, Technology Transfer and Entrepreneurship (IN-CITE)
  19. Composites Technology Park (www.compositeste chnologypark.com)
  20. E-Health TBI (www.ehealthtbi.co m)
  21. Manipal University Technology Business Incubator (www.mutbimanipal .org)
  22. Technovate
  23. Global Incubation Services (GINSERV) (www.ginserv.in)
  24. National Design Business Incubator (www.ndbiindia.org /www.nid.edu)
  25. Startup Village (startupvillage.in)
  26. TBI (http://nitc.ac.in/nitc /misc/tbi/public_ht ml/index.htm)
  27. Technopark TBI (www.technopark.o rg)
  28. Amrita TBI (www.amritatbi.co m)
  29. College of Engineering, Trivandrum
  30. Amal-Jyothi Rural Technologies Business Incubator (amaljyothi.ac.in)
  31. National Centre for Aerospace Innovation and Research (NCAIR) (www.ncair.in)
  32. Society for Innovation and Entrepreneurship (SINE) (www.sineiitb.org)
  33. MITCON Biotechnology Business Incubation Centre (A Division of MITCON Consultancy Services Ltd.) (www.mitcoinindia. com)
  34. Venture Center (venturecentre.co.i n)
  35. D.K.T.E. Society’s Textile & Engineering Institute
  36. BIL-Ryerson Futures (Zone Startups)(www.zonestartups .com)
  37. KIIT – Technology Business Incubator (www.kiitincubator.i n)
  38. TBI (www.discovery.bit s-pilani.ac.in/tbi/)
  39. Startup Oasis Incubation Center (www.startupoasis.i n)
  40. Sathyabama University – Technology Business Incubator (SU-TBI)
  41. Coimbatore Innovation and Business Incubator (CIBI) (www.kctbs.ac.in)
  42. Nanotechnology Research, Innovation Incubation Centre (psgtech.edu)
  43. TCE-TBI Thiagarajar College of Engineering
  44. IITM – Incubation Cell (http://incubation.iit m.ac.in)
  45. TBI (www.tbi-kec.org)
  46.  VIT- Technology Business Incubator (http://www.vittbi.co m/)
  47. Technology Business Incubator Centre for Biotechnology (www.annauniv.ed)
  48. UOM-TBI (www.unom.ac.in/ta ramanitbi.html)
  49. IITM`s Rural Technology and Business Incubator (RTBI) (www.rtbi.in)
  50. BIT-TBI, Sathyamangalam (tbibit@rediffmail.c om www.bittbi.com)
  51. Periyar Technology Business Incubator (info@periyartbi.org www.periayrtbi.org)
  52. SPEC-TBI (www.spectbi.com)
  53. Vel Tech – Technology Incubator
  54. Agri- Business Development- Tamil Nadu Agricultural University
  55. Adhiyamaan College of Engineering
  56. Villgro Innovations Foundation
  57. Information Technology Business Incubator( ITBI), JSSATE- STEP (http://www.jssstep noida.ord/incubator .as)
  58. Amity Technology Incubator (http://www.amity.e du/aii)
  59. TBI – Krishnapath Incubation Society(tbi@kiet.edu, www.tbikiet.com)
  60. SIDBI Innovation and Incubation Centre (SIIC) (www.iitk.ac.in/siic)
  61. Malviya Centre for Innovation Incubation & Entrepreneurship  (www.mciie.org)
  62. TBI- Graphic Era University
  63. IIM Calcutta Innovation Park (IIP)
  64. Shibpur- TBI
  65. Ekta Incubation Centre (www.technologye mbryo.com)
  66. WBUT
  67. Technology Incubation and Entrepreneurship Society ( TIETS) (www.stepiitkgp.in)

Full List along with address and contact details can be downloaded from Startup_India_List_of_Incubators