Drug discovery Hackthon 2020

Drug Discovery Hackathon 2020 (DDH2020) platform welcomes all those who wish to join the open source drug discovery Hackathon against Covid-19. DDH2020 is a joint initiative of AICTE, CSIR and supported by Office of Principal Scientific Advisor, Govt. of India, NIC and MyGov. DDH2020 vision and mission is to establish ‘Open innovation Model’ for in silico drug discovery against Covid-19 virus and will cover the various processes in drug discovery, including but not limited to, in silico screening of molecules, lead optimization and identification of drug-able non-toxic targets. The targets/tools/lead molecules identified through the process of DDH2020 will be further taken forward for synthesis followed by subsequent steps in routine drug discovery program.

https://innovateindia.mygov.in/ddh2020/

A transformer initiative

 A transformative initiative : be a social problem solver by using modern science and technology. It will bring in generatinal change. Teachers, parents  and schools should become change agents.

By providing world class information services to the people at the rural level, their social, economic and educational level can be improved.

 We need to teach sanatan dharma basic principles of growing up with truth,humanity,living and loving others on this planet....respecting ,valuing,helping tools, keeping the environmental resourcces safe and sustainable.

Basic education system must generate perfect human being not the only money making machines..

 Socialisation of young as per future human spiritual and scientific requirement is first step in this direction so that they  may be catalyst in process of desired social change.But it is arduous task to keep this project free from any previous inclination and dogma. Our goal and modus operandi along with methods and techniques should be well defined to save us any deviation. What is an ideal destination of world society as per your initiative must be clear.

ATMA-NIRBHAR BHARAT

This is the only way out for India and finally we are on the correct path. Thanks to PM Modi.

However he must add one more pillar (ideally a base for all other five pillars), which is "education and research". We must invent-in-india (innovation and technology) to become self reliant. This need more funding and more than that transparent and accountable system and visionary academic leaders. 

I am sure he will make india self reliant.

Startup Registration - 7 Steps to Register your Startup in India

 

 

What is a startup?

A startup is a newly established business, usually small, started by 1 or a group of individuals. What differentiates it from other new businesses is that a startup offers a new product or service that is not being given elsewhere in the same way. The keyword is innovation. The business either develops a new product/ service or redevelops a current product/service into something better.

What is Startup India?

Startups are becoming very popular in India. In order to develop Indian economy and attract talented entrepreneurs, the Government of India, under the leadership of PM Narendra Modi, has started and promoted Startup India initiative to recognize and promote startups. 

Step 1: Incorporate your business

You must first incorporate your business as a Private Limited Company or a Partnership firm or a Limited Liability Partnership

You have to follow all the normal procedures for registration of any business like obtaining the certificate of Incorporation/Partnership registration, PAN, and other required compliances.  

Step 2: Register with Startup India

Then the business must be registered as a startup. The entire process is simple and online. All you need to do is log on to the Startup India website and fill up the form with details of your business and upload certain documents.

Step 3: Documents to be uploaded (in PDF format only)

a) A letter of recommendation/support A letter of recommendation must be submitted along with the registration form. Any of the following will be valid-

(i) A recommendation (regarding innovative nature of business) from an Incubator established in a post-graduate college in India , in a format specified by the Department of Industrial Policy and Promotion (DIPP); OR

(ii) A letter of support by an incubator, which is funded (in relation to the project) by Government of India as part of any specified scheme to promote innovation; OR

(iii) A letter of  recommendation (regarding innovative nature of business), from an Incubator, recognized by the Government of India in DIPP specified format; OR

(iv) A letter of funding of not less than 20% in equity, by any Incubation Fund/Angel Fund/Private Equity Fund/Accelerator/Angel Network, duly registered with SEBI that endorses innovative nature of the business; OR

(v) A letter of funding by Government of India or any State Government as part of any specified scheme to promote innovation; OR

(vi) A patent filed and published in the Journal by the Indian Patent Office in areas affiliated with the nature of the business being promoted.

b) Incorporation/Registration Certificate

You need to upload the certificate of incorporation of your company/LLP (Registration Certificate in case of partnership)

c) Description of your business in brief

A brief description of the innovative nature of your products/services.

Step 4: Answer whether you would like to avail tax benefits

Startups are exempted from income tax for 3 years. But to avail these benefits, they must be certified by the Inter-Ministerial Board (IMB). Start-ups recognized by DIPP, Govt. of India can now directly avail IPR related benefits without requiring any additional certification from IMB.

Step 5: Finally, you must self-certify that you satisfy the following conditions

a) You must register your new company as a Private Limited Company, Partnership firm or a Limited Liability Partnership

b) Your business must be incorporated/registered in India, not before 5 years.

c) Turnover must be less than 25 crores per year.

d) Innovation is a must– the business must be working towards innovating something new or significantly improving the existing used technology.

e) Your business must not be as a result of splitting up or reconstruction of an existing business.

Step 6: Immediately get recognition number

That’s it! On applying you will immediately get a recognition number for your startup. The certificate of recognition will be issued after the examination of all your documents.

However, be careful while uploading the documents. If on subsequent verification, it is found to be obtained that the required document is not uploaded/wrong document uploaded or a forged document has been uploaded then you shall be liable to a fine of 50% of your paid-up capital of the startup with a minimum fine of Rs. 25,000.

Step 7: Other areas

a) Patents, trademarks and/or design registration

If you need a patent for your innovation or a trademark for your business, you can easily approach any from the list of facilitators issued by the government. You will need to bear only the statutory fees thus getting an 80% reduction in fees.

b) Funding

One of the key challenges faced by many startups has been accessing to finance. Due to lack of experience, security or existing cash flows, entrepreneurs fail to attract investors. Besides, the high-risk nature of startups, as a significant percentage fail to take-off, puts off many investors.

In order to provide funding support, Government has set up a fund with an initial corpus of INR 2,500 crore and a total corpus of INR 10,000 crore over a period 4 years (i.e. INR 2,500 crore per year). The Fund is in the nature of Fund of Funds, which means that it will not invest directly into Startups, but shall participate in the capital of SEBI registered Venture Funds.

What we are doing

INCUBATION CENTER

I “Dr. Karan Pratap Singh” as a coordinator of the incubation center JJT University trying to carrying out following activities.  I have doctorate degree in Chemistry from BHU and have an experience more than 10 years in academics and industries.  I along with my team will help materialization of new ideas and existing startup companies by providing various services, management training, office space and skill development. JJT University has state of Art frastructure and enough constructed buidings and office space. We provide  laboratory and workshop facilities of the institute to the incming aspirants. I and my team involve in activities for developing a collaborative environment design to help create and grow young businesses by providing them with necessary support and financial and technical services.

Assess the market conditions and entrepreneurs requirements.

The market analysis is very important and the Shekhawati region of Rajasthan is a region where leading business/ corporate house has been established. Here enormous opportunities to develop new business module and innovative technological solutions based on locally available resources.  We will collaborate with local business houses, industries, startup companies and academic institutes.  

   

Identify team and service providers.

I engaged people from various departments of the institute to participate in various activities of the incubation center. Making an effective team is an important. That’s not surprising, because, despite our best efforts, teamwork sometimes fails and becomes very stressful. So I will be choosing right person at the right place, so that the incubation center will work in the most effective way.

Arrange for resources.

I will involve in the arranging required resources for incoming aspirant, entrepreneurs and local youth – Rented office space, internet and computer facilities, basic laboratory facilities, work shop and fitter space, scientific and analytics software and apparatus. These facilities and resources will provide on the share basis.

Organize events and activities

I will organize workshops, training sessions, skill development programs, invited lecture from industries, business houses senior professors, and industrial/field/laboratory visits.

Establish industry linkages.

Starting a new business sure is a massive task. Especially at the nascent stage, involves the most significant parameters that help entrepreneurs and proprietors in determining and mapping the nature and functionalities of their business. It is in this phase that, all the paramount decisions related to business resources are made, registrations are done and certain intellectual properties are patented and copyrighted. Other than involvement of institution people we will also communicate with agencies and companies who provide various type of services such as; related with IPR, market research, contractual or third party R and D, contractual manufacturing, supplier of raw material, advertisement and media houses. A networking with our industrial partners will help us to give appropriate guidance to startup, partnership, and training. 

 

Draw out a calendar of activities.

Every incoming entrepreneur will be support for a limited time, based on its level of progress they are incubating for 3 month to 18 month in the center on minimum appropriate fee for service and rental space. Regular assessment the progress and proper time line will be finalize. 

Attract, select, retain and manage startups.

Regular advertisement, event management, student meeting, social media campaign, collection of ideas, online platform for dynamic interaction with entrepreneurs, investment and startup submits will be organize for attracting youths and small and medium scale industries.

Apply for other funding agencies and corporate for funding so that we can provide term loans and seed money to startup companies.  

EVERY INCOMING ASPIRANT OR STARTUP COMPANY SHOULD HAVE A BUSINESS PLAN

A business plan should be prepare, and a student can consult our mentor for preparing an appropriate business plan. Here we are giving an general idea for making a good business plans. Every business plan is very unique in nature, should be attractive and it seem to be a potential profitable and feasible business idea.
Business planning to venture into new area of operation is required to do proper research.

A business plan, as defined by Entrepreneur, is a “written document describing the nature of the business, the sales and marketing strategy, and the financial background, and containing a projected profit and loss statement.” However, your business plan can serve several different purposes.

To write a business plan you can use, however, it is necessary for you to understand the main purposes of one.

• Maintaining Business Focus. 
• Securing Outside Financing. 
• Fueling Ambitions and Mapping Growth.
• Enlightening Executive Talent.

The 5 Key Elements of a Good Business Plan

• Executive Summary. This represents the first impression that the reader will get from your plan. 
• Business Overview. After the executive summary, a business plan usually starts with a description of the industry where your business fits in.
• Sales & Marketing Strategy. 
• Operations & Management.
• Financial Information.

A full guide to the business plan contents including the standard business plan format for these 10 basic elements: The overview, executive summary; general company description; the opportunity; industry and market; your strategy; the team; a marketing plan; operational plan; financial plan and the appendix. 

How do you prepare a business plan?

So, here are seven steps for writing a perfect business plan.

1. Research, research, research. 
2. Determine the purpose of your plan. 
3. Create a company profile. 
4. Document all aspects of your business. 
5. Have a strategic marketing plan in place. 
6. Make it adaptable based on your audience. 
7. Explain why you care.

 

STARTUP LOAN

Startup Business Loan

A startup business loan can be taken by individuals who want to start a new business, or existing businesses looking to expand current operations. Startups looking to get such a loan should ensure the following: 

• Make a crisp and detailed business plan 
• State in the business plan where the loan amount will be utilised 
• Summarise the objectives and goals of the business along with a chart that will highlight the potential returns and growth of the venture 
• Give a clear approximation of the funds 

Startup business loans are of two types -

• Line of Credit
• Equipment Financing.

Line of Credit

A startup business loan in the form of a line of credit works in a similar manner to a credit card. However, the card is tied to the individual’s business instead of their personal credit. One of the best benefits of a small business line of credit is that customers will have no obligation to pay interest on the borrowed sum for the first nine to 15 months, thereby making it easier to cover expenses whilst getting their business to a good start. The interest after the period will rise to anywhere between 7.9% and 19.9%, but the customer will only have to pay interest on the sum they use (similar to a credit card).

Equipment Financing

In this type of loan for start-ups, the equipment that is bought when starting the business is pledged as collateral, thus enabling the lender to charge a relatively low rate of interest with a slightly higher risk. The customer is expected to repay the amount used to purchase the equipment as revenues are generated from their business. Similar to a line of credit, applicants are expected to have a high credit score (680+), and the documents required to avail equipment financing include a vendor quote, a detailed credit report, and a statement showing the manner in which the customer intends to utilise the equipment. The main benefit of equipment financing is that the depreciation of the equipment can be used by the customer as a tax benefit for many years.

Startup Business Loans by the Government of India

There are more than 39,000 startups in India at present who have access to many private equity and debt funding options. However, it is a challenge to get funding when the business is just an idea or is in the early stage. Also, the Micro, Small, and Medium Enterprises (MSME) sector in India only has limited access to formal credit which is why the Government of India decided to roll out startup business loan schemes for MSMEs and startups.
The Small Industries Development Bank of India (SIDBI) has also begun lending to startups and MSMEs directly rather than channelising it through banks. The interest rates on these loans are lower than the one offered by banks by almost 300 basis points. Some of the most notable and popular schemes offered by the Indian government for startups and MSMEs are as follows:

• Bank Credit Facilitation Scheme Headed by the National Small Industries Corporation (NSIC), this scheme is targeted at meeting the credit needs of the MSME units. The NSIC has partnered with various banks to provide loans to the MSME units. The repayment tenure of the scheme ranges between 5 years and 7 years but in special cases, it can be extended up to 11 years.
• Pradhan Mantri Mudra Yojana (PMMY) - Launched in 2015, this scheme is headed by the Micro Units Development and Refinance Agency (MUDRA) and it aims at offering loans to all kinds of manufacturing, trading, and service sector activities. The scheme offers loan under three categories – Shishu, Kishor, and Tarun in amounts ranging between Rs.50,000 and Rs.10 lakh. The Mudra loan can be availed by artisans, shopkeepers, vegetable vendors, machine operators, repair shops, etc.
• Credit Guarantee Scheme (CGS) - This loan can be availed by both new and existing MSMEs that are involved in service or manufacturing activities but excludes educational institutions, agriculture, retail trade, Self Help Groups (SHGs), etc. Up to Rs.200 lakh can be borrowed under this scheme headed by the Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE).
• Standup India - Launched in April 2016 and headed by SIDBI, this scheme extends loans to enterprises in manufacturing, trading, or services. Under this scheme, loans ranging between Rs.10 lakh and Rs.1 crore can be availed. The repayment of loans taken under this scheme can be done in seven years while the maximum moratorium period allowed is 18 months.
• Sustainable Finance Scheme - This scheme is also headed by the SIDBI and aims at offering loans to industries that deal in green energy, renewable energy, technology hardware, and non-renewable energy. The government started this scheme with an intent to offer support to the entire value chain of cleaner production/energy efficiency and sustainable development projects.

Eligibility Criteria for Startup Business Loan

The eligibility criteria to avail startup business loans may vary from lender to lender but the generic ones have been listed below:

• Age of the applicant should not be less than 21 years while the maximum age should not exceed 65 years.
• The applicant must be a citizen of India.
• Applicants should have a business plan.

Documents Required to Avail Startup Business Loan

Photographs	2 copies (passport-size)
Proof of Identity	PAN Card, Passport, Aadhaar Card, Voter’s ID, Driving License
Address Proof	Passport, Driving License, Aadhaar Card, Postpaid Phone Bill, Voter’s ID
Age Proof	Passport, PAN Card
Bank Statements	Last six months
Proof of Income	Income Tax Returns, Salary Slips,
Signature Proof	Bank verified signature, PAN Card, Passport
IFSC Code Proof	Cancelled/scanned cheque, copy of passbook’s front page of the same bank account

How to Apply for Startup Business Loan?

Applying for startup business loans is simple, quick, and hassle-free. Many financial institutions and banks have enabled online application for applicants to take advantage of. All they need to do is visit the official website of the lenders, fill up the form provided, and upload a few documents. Then there is an option of visiting the nearest branch of the lender and submitting the application form and documents in the physical form. Once the details and the verification are complete, the applicants will receive the loan amount directly into their bank accounts.

Features and Benefits of Startup Business Loan

• No collateral or security needs to be provided to avail a startup business loan.
• Startup business loans come with easy and flexible repayment tenures.
• The documentation required for availing a startup business loan is minimal.
• The funds are swiftly disbursed to the applicant’s bank account.

Frequently Asked Questions on Startup Business Loan

1. What are the types of startup business loans that are available to me?
There are two types of business loans that lenders offer for you to choose from – term loans and working capital loans. Term loans can be used for expansion of business, purchasing machinery, and launching new projects. These loans can be taken for a period ranging between 1 year and 10 years. Working capital loans, on the other hand, are short term loans that have to be repaid within a year and can be used to pay rent, pay employees’ salaries, stock up inventories, etc.
2. How old does my startup need to be if I wish to apply for a startup business loan?
To avail a startup business loan, your startup should be a new firm or under 5 years old. Also, the firm’s yearly turnover should not be more than Rs.25 crore.
3. What is the maximum amount I can avail as a startup business loan?
The maximum amount of loan that can be availed will depend on the lender and other factors such as the annual turnover of the company, your credit history, etc. For example, under the Mudra Loan, up to Rs.10 lakh can be availed under a startup business loan.
4. Is a business plan mandatory for availing a startup business loan?
Yes. Most lenders will ask you for a business plan when you apply for a startup business loan. Ensure that the business plan is clear and detailed with the business objectives and goals outlined. The business plan should also clearly state how the loan is going to be used.
5. Which banks offer business loan for startups in India?
Many lenders in India offer startup business loans and some of these are – HDFC Bank, Bank of Baroda, Citi Bank, ICICI Bank, and State Bank of India.
6. Is there any government loan for startup business?
Yes, there are government loans that you can avail for your startup business. Some of the government loans you can avail are: 
• Mudra Loan Scheme 
• MSME Business Loans in 59 Minutes 
• The Credit Guarantee Scheme (CGS) 
• Stand Up India Scheme 
• Coir Udyami Yojana 
• National Bank for Agriculture and Rural Development (NABARD) 
• Credit Link Capital Subsidy Scheme 
• National Small Industries Corporation Subsidy

  Startup Business Loan

  A startup business loan can be taken by individuals who want to start a new business, or existing businesses looking to expand current operations. Startups looking to get such a loan should ensure the following: 
• Make a crisp and detailed business plan 
• State in the business plan where the loan amount will be utilised 
• Summarise the objectives and goals of the business along with a chart that will highlight the potential returns and growth of the venture 
• Give a clear approximation of the funds 

Startup business loans are of two types -

• Line of Credit
• Equipment Financing.

Line of Credit

A startup business loan in the form of a line of credit works in a similar manner to a credit card. However, the card is tied to the individual’s business instead of their personal credit. One of the best benefits of a small business line of credit is that customers will have no obligation to pay interest on the borrowed sum for the first nine to 15 months, thereby making it easier to cover expenses whilst getting their business to a good start. The interest after the period will rise to anywhere between 7.9% and 19.9%, but the customer will only have to pay interest on the sum they use (similar to a credit card).

Equipment Financing

In this type of loan for start-ups, the equipment that is bought when starting the business is pledged as collateral, thus enabling the lender to charge a relatively low rate of interest with a slightly higher risk. The customer is expected to repay the amount used to purchase the equipment as revenues are generated from their business. Similar to a line of credit, applicants are expected to have a high credit score (680+), and the documents required to avail equipment financing include a vendor quote, a detailed credit report, and a statement showing the manner in which the customer intends to utilise the equipment. The main benefit of equipment financing is that the depreciation of the equipment can be used by the customer as a tax benefit for many years.

Startup Business Loans by the Government of India

There are more than 39,000 startups in India at present who have access to many private equity and debt funding options. However, it is a challenge to get funding when the business is just an idea or is in the early stage. Also, the Micro, Small, and Medium Enterprises (MSME) sector in India only has limited access to formal credit which is why the Government of India decided to roll out startup business loan schemes for MSMEs and startups.
The Small Industries Development Bank of India (SIDBI) has also begun lending to startups and MSMEs directly rather than channelising it through banks. The interest rates on these loans are lower than the one offered by banks by almost 300 basis points. Some of the most notable and popular schemes offered by the Indian government for startups and MSMEs are as follows:

• Bank Credit Facilitation Scheme Headed by the National Small Industries Corporation (NSIC), this scheme is targeted at meeting the credit needs of the MSME units. The NSIC has partnered with various banks to provide loans to the MSME units. The repayment tenure of the scheme ranges between 5 years and 7 years but in special cases, it can be extended up to 11 years.
• Pradhan Mantri Mudra Yojana (PMMY) - Launched in 2015, this scheme is headed by the Micro Units Development and Refinance Agency (MUDRA) and it aims at offering loans to all kinds of manufacturing, trading, and service sector activities. The scheme offers loan under three categories – Shishu, Kishor, and Tarun in amounts ranging between Rs.50,000 and Rs.10 lakh. The Mudra loan can be availed by artisans, shopkeepers, vegetable vendors, machine operators, repair shops, etc.
• Credit Guarantee Scheme (CGS) - This loan can be availed by both new and existing MSMEs that are involved in service or manufacturing activities but excludes educational institutions, agriculture, retail trade, Self Help Groups (SHGs), etc. Up to Rs.200 lakh can be borrowed under this scheme headed by the Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE).
• Standup India - Launched in April 2016 and headed by SIDBI, this scheme extends loans to enterprises in manufacturing, trading, or services. Under this scheme, loans ranging between Rs.10 lakh and Rs.1 crore can be availed. The repayment of loans taken under this scheme can be done in seven years while the maximum moratorium period allowed is 18 months.
• Sustainable Finance Scheme - This scheme is also headed by the SIDBI and aims at offering loans to industries that deal in green energy, renewable energy, technology hardware, and non-renewable energy. The government started this scheme with an intent to offer support to the entire value chain of cleaner production/energy efficiency and sustainable development projects.

Eligibility Criteria for Startup Business Loan

The eligibility criteria to avail startup business loans may vary from lender to lender but the generic ones have been listed below:

• Age of the applicant should not be less than 21 years while the maximum age should not exceed 65 years.
• The applicant must be a citizen of India.
• Applicants should have a business plan.

Documents Required to Avail Startup Business Loan

Photographs	2 copies (passport-size)
Proof of Identity	PAN Card, Passport, Aadhaar Card, Voter’s ID, Driving License
Address Proof	Passport, Driving License, Aadhaar Card, Postpaid Phone Bill, Voter’s ID
Age Proof	Passport, PAN Card
Bank Statements	Last six months
Proof of Income	Income Tax Returns, Salary Slips,
Signature Proof	Bank verified signature, PAN Card, Passport
IFSC Code Proof	Cancelled/scanned cheque, copy of passbook’s front page of the same bank account

How to Apply for Startup Business Loan?

Applying for startup business loans is simple, quick, and hassle-free. Many financial institutions and banks have enabled online application for applicants to take advantage of. All they need to do is visit the official website of the lenders, fill up the form provided, and upload a few documents. Then there is an option of visiting the nearest branch of the lender and submitting the application form and documents in the physical form. Once the details and the verification are complete, the applicants will receive the loan amount directly into their bank accounts.

Features and Benefits of Startup Business Loan

• No collateral or security needs to be provided to avail a startup business loan.
• Startup business loans come with easy and flexible repayment tenures.
• The documentation required for availing a startup business loan is minimal.
• The funds are swiftly disbursed to the applicant’s bank account.

Frequently Asked Questions on Startup Business Loan

1. What are the types of startup business loans that are available to me?
There are two types of business loans that lenders offer for you to choose from – term loans and working capital loans. Term loans can be used for expansion of business, purchasing machinery, and launching new projects. These loans can be taken for a period ranging between 1 year and 10 years. Working capital loans, on the other hand, are short term loans that have to be repaid within a year and can be used to pay rent, pay employees’ salaries, stock up inventories, etc.
2. How old does my startup need to be if I wish to apply for a startup business loan?
To avail a startup business loan, your startAup should be a new firm or under 5 years old. Also, the firm’s yearly turnover should not be more than Rs.25 crore.
3. What is the maximum amount I can avail as a startup business loan?
The maximum amount of loan that can be availed will depend on the lender and other factors such as the annual turnover of the company, your credit history, etc. For example, under the Mudra Loan, up to Rs.10 lakh can be availed under a startup business loan.
4. Is a business plan mandatory for availing a startup business loan?
Yes. Most lenders will ask you for a business plan when you apply for a startup business loan. Ensure that the business plan is clear and detailed with the business objectives and goals outlined. The business plan should also clearly state how the loan is going to be used.
5. Which banks offer business loan for startups in India?
Many lenders in India offer startup business loans and some of these are – HDFC Bank, Bank of Baroda, Citi Bank, ICICI Bank, and State Bank of India.
6. Is there any government loan for startup business?
Yes, there are government loans that you can avail for your startup business. Some of the government loans you can avail are: 
• Mudra Loan Scheme 
• MSME Business Loans in 59 Minutes 
• The Credit Guarantee Scheme (CGS) 
• Stand Up India Scheme 
• Coir Udyami Yojana 
• National Bank for Agriculture and Rural Development (NABARD) 
• Credit Link Capital Subsidy Scheme 
• National Small Industries Corporation Subsidy