Startup Manipur

Scheme open date: 2016-10-29

Categories: Business & Entrepreneurship

Sub-categories: Setting up / start-up / entrepreneurship

Tags: Entrepreneurship, Startups, Incubators, Innovation, Ecosystem, Empowerment

• [ [ { "children": [ { "text": "The state government aims to support and strengthen existing business incubators and accelerators to create a robust support system for startups." } ] }
• { "children": [ { "text": "The government intends to encourage and inspire the youth of Manipur to explore entrepreneurship as a viable career choice." } ] }
• { "children": [ { "text": "To strengthen the startup culture in the state the government will foster greater social acceptance and recognition of promising startups." } ] }
• { "children": [ { "text": "The government is looking to encourage the establishment of new business incubators in the state through partnerships with the private sector." } ] }
• { "children": [ { "text": "The government will continuously provide enabling mechanisms to startups including training and skill development capacity building networking opportunities and access to support services and knowledge." } ] }
• { "children": [ { "text": "The government will implement a supportive regulatory framework that enables hassle-free and time-bound statutory clearances for startups." } ] }
• { "children": [ { "text": "The government will provide appropriate infrastructural support to enable startups to set up and grow rapidly." } ] }

What is a Startup?

Any business entity which depends on either product innovation or Process innovation to deliver products/services to customers can be termed as "Startup". It can be from any sector but should generate employment rather than an activity for self-sustenance.

What is a Startup definition by Department of Industrial Policy and Promotion (DIPP)?

An entity shall be considered as a start-up: up to a period of 7 years from the date of incorporation/registration, if it is incorporated as a private limited company or registered as a registered partnership firm or a limited liability partnership in India. In the case of start-ups in the biotechnology sector, the period shall be up to 10 years from the date of its incorporation/ registration. The turnover of the entity shall not exceed Rs.25 Crore. The entity should be working towards innovation, development or improvement of products or processes or services, or if it is a scalable business model with a high potential of employment generation or wealth creation. However, an entity formed by splitting up or reconstruction of an existing business shall not be considered a 'start-up'.

How to get recognized as Startup?

Recognition certificate from any of the following: a) DIPP b) Startup cell, Manipur Startup c) Incubators / accelerators sponsored by govt /Private i. ex: DST Sponsored TBIs, Industry Sponsored Incubator/Accelerators d) Research Institutes i. ex: IIT, IIM, NIT, IISc, MIT, MTU Incorporate: Any startup is considered as MSME. To set up a Micro/Small / Medium Enterprise, the Entrepreneur has to register with concerned District Industries Centre of the District & obtain Acknowledgement.

How to apply for recognition by Manipur Startup Cell?

Apply online at https://apply.startupmanipur.in a revenue stage or idea stage.

What are the documents required for applying in revenue stage startup?

I. Certificate of registration ii. Audited Balance sheet iii. Profit and loss statement iv. Income Tax returns v. PAN card of business entity vi. AADHAAR card of the applicant

What are the documents required for applying in idea stage startup?

I. AADHAR card of the applicant ii. PAN card (not mandatory

Security for the loan?

Bank loans will be collateral free and covered under Government of India Credit Guarantee (GGTMS) scheme

What is the Nature of Disbursement?

State Government support of subsidy grant will be deposited to the financing bank. Bank will release fund (loan and subsidy grant) to the borrower on pro-rata basis; matching component of subsidy grant to be released against loan component release in same ratio for each instalment to the borrower.

• https://www.myscheme.gov.in/schemes/strtupmpr
• https://cmdashboard.mn.gov.in/departments/cm-flagships/start-up-manipur/#1635433339269-844ce1e6-5750
• https://startupmanipur.in/wp-content/uploads/2023/02/office-memorandum-manipur-startup-scheme-2.0_1.pdf
• https://startupmanipur.in/

Start-Up Manipur Dashboard

https://cmdashboard.mn.gov.in/departments/cm-flagships/start-up-manipur/#1635433339269-844ce1e6-5750

Office Memorandum For Manipur Startup Scheme 2.0

https://startupmanipur.in/wp-content/uploads/2023/02/office-memorandum-manipur-startup-scheme-2.0_1.pdf

Manipur Startup Official Website

https://startupmanipur.in/