Bengaluru became the first Region in the entire nation which took the First Step with startups by creating a favourable environment like it did for the IT sector. In the same manner Karnataka is all set to become the first state to have a dedicated startup council. The plan which has been on the drawing board since August, has now started taking shape and the department of commerce and industry is preparing a concept note for the same.
The council which has been set up by the Government of Karnataka will work on a policy which will take care of state investment for startup infrastructure, incubation centres and other similar facilities. Moreover, dedicated team of officials have been appointed to deal with the same as it will also work on policy to provide easy clearance to emerging businesses
The senior official was found quoting, “The policy will also look into state investment for startup infrastructure, incubation centres and similar facilities. Many details need to be worked out.”
In the meeting which was conducted earlier many startup heads and senior entrepreneurs came together to discuss on various issues pertaining to it. The main issues raised by them were of how to get the licenses & certificates. Further the second issue raised was that the process of renewal is very much time-consuming and not at all industry-friendly.
Biocon CMD Kiran Mazumdar-Shaw, who was also one amongst those who attended the meetings and whose firm has helped several biotech startups, said: “The initiative is good. It only goes on to show why Karnataka or any state needs to have a dedicated industries minister, which was absent in this government before (RV) Deshpande was appointed.” Further while appreciating the discussions held she added, “The discussions touched upon everything from the kind of incentives they may get to the problems faced by some start-ups.”
Speaking on this K Ratna Prabha who is the chief secretary of Karnataka said “One round of consultation with industry experts and startups was completed early this month. We have asked officials to prepare a concept note in consultation with the industry, following which we can speak about how everything will shape up.”
All such initiatives are being taken keeping mind the speech delivered by Prime Minister Narendra Modi on 69th Independence Day during which he introduced the citizens of India about “start-up India, stand up India”.
Narendra Modi said, “We are looking at systems for enabling start-ups. We must be Number 1 in start-ups. ‘Start-up India’ & ‘Stand up India’. He said so to encourage the upcoming young generation of India to enter in the field of innovation and entrepreneurship to convert India into a manufacturing hub so that the message of “Made in India” reaches every corner of the World.