Entrepreneurship Ecosystem Overview

Delhi

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Levers of change – Entrepreneurship

Following are the key levers of change which determinewhether a state’s policy, education, legal framework, financialsystems, business markets, cultural and social ethos areaugmenting Entrepreneurship Growth:

1. The Entrepreneur

2. Govt. & Regulatory Support

3. Access to Finance

4. Educational & Cultural Preparedness

5. Mentoring & Networking

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The Entrepreneur

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Delhi ranks #19 in India on World Bank’s ‘Ease of Doing Business’

2016 index according to the Department of Industrial Policy andPromotion's (DIPP). It has come down from 15 in 2015 to position 19.

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Govt. & Regulatory Support

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Schemes & Policies:

• MSME Schemes

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MSME Schemes• Scheme for Capacity Building - Scheme for capacity building,

strengthening of database and advocacy by industry/ enterpriseassociations, as envisaged in the promotional package for Micro and SmallEnterprises (MSEs).

• Participation in the International Exhibitions/ Fairs - For registered Small&Micro manufacturing enterprises with DI/DIC.

• Purchase and Price Preference Policy - This is administered through theSingle Point Registration Scheme of NSIC. Under this, 358 items arereserved for exclusive purchase from MSME by Central Government.

• Assistance for Strengthening of Training Infrastructure of existing andnew Entrepreneurship Development Institutions. The scheme will beimplemented by the Small Industry Development Organization (MSME-DO) which has the responsibility of promoting and developing the MSMEsector in the country through State Governments/Union Territories.

http://www.msmedinewdelhi.gov.in/en/dcschemes.asp

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Access to Finance

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Schemes:

• Rajiv Gandhi Swavlamban Rozgar Yojna• Delhi Financial corporation Schemes

VC’s/Angels/Other Institutions

• Women Entrepreneurs Cell

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Rajiv Gandhi Swavlamban Rojgar Yojna

• Delhi Khadi & Village Industries Board developed and sponsored thisscheme to promote and expand permissible industries, professions,tertiary and service sector in Delhi.

• Maximum quantum of loan assistance under this scheme is ₹ 3 lakh.Beneficiary contribution will be 10% for General category and 5% forSC/ST/ OBC/Women/Ex. Servicemen.

• 15% subsidy is provided on the project cost with a maximum amount of ₹7,500/- per entrepreneur/individual.

http://delhi.gov.in/wps/wcm/connect/DOIT_DKVIB/dkvib/our+services1/rajiv+gandhi+swavlamban+rozgar+yojna%28rgsry%2910

Delhi Financial Corporation Schemes

• General Scheme: small scale units to medium scale can avail the loan ofup to 5 Cr for acquisition of land, construction of building, plant andmachinery, pre-operatives and other assets to following eligible units.Beneficiary contribution will be 25% of the project cost up to 10 lakh and33.33% for loan above Rs 10.00 lakh.

• Scheme for Financing of Land & Building under Relocation: TheCorporation introduced this Scheme for providing financial assistance ofup to 5 Cr to the entrepreneurs for financing the Cost of land andconstruction of factory building on land allotted by DSIIDC underrelocation Scheme of the Govt.

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• Scheme for Business Loan under Relocation: Loan of up to 25 lakh isprovided for proposed expenditure like installation of power connection,reconditioning of existing machinery, shifting expenses, renovation ofbuilding, working capital, repayment of unsecured temporary loans takenfor above purposes incurred up to one year before the date of application.

• Equipment Finance Scheme: To assist the existing SSI and service sectorunits for acquisition of machinery/equipment, both indigenous andimported, loan amount of up to 5 Cr is provided to an existing unit whichis in operation for a period of at least 3 years and should have earnedprofits during 2 proceeding years.

• Acquisition of ISO-9000 series certification: by existing profit making SSIunits can be financed for costs of acquiring equipments & expensestowards consultancy/documentation etc.

http://www.dfcdelhi.nic.in/schemesf.htm

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Women Entrepreneur Cell

• The Cell exists to encourage women entrepreneurs and helps them in gettingtheir cases cleared on priority.

• Implements self employment scheme of industry department to imparttraining of 12 months duration in Fashion Designing for women.

• A two years course in Paper Crafts & Papier Mache items is being run in thePaper Craft and Papier Mache Centre, besides some short term TrainingCourses exclusively for women.

• Financial assistance of Rs. 1.00 lakh to women entrepreneurs in individualcases for self employment is provided to set up manufacturing unit withsubsidy component 15% to General Category & 25% to DisadvantageCategories.

http://www.delhi.gov.in/wps/wcm/connect/doit_industry/Department+of+Industries/Home/Projects+and+Schemes/

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VCs/Angels/Other Institutions

• Raj Anandan: Rajan Anandan is an active angel investor in early stagetechnology companies. Rajan invests in early stage technologycompanies and has invested in internet, mobile and softwarestartups in India. https://www.linkedin.com/in/rajan-anandan-2481b814/

• Neeraj K Singal: CEO of SEMCO Group and strategic angel investor.https://www.linkedin.com/in/nksingal/

• Dr Ritesh Malik: Creator of Innov8 Co-working, Ritesh has invested inover 26+ companies that include RHLvision, Wigzo, AddoDoc,Mashinga, and Flipmotion, among others.https://www.linkedin.com/in/dr-ritesh-malik-877a87a/

• Ajay Lavakre is an active angel investor and enjoy mentoring andguiding entrepreneurs. I am interested in investing inB2B companiesinvolved in data analytics and Open Data.https://www.linkedin.com/in/ajaylavakare/

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• Deepinder Goyal: He founded Zomato (then foodiebay) out of hisapartment and has since overseen strategy and product development.Deepinder graduated with a Mathematics and Computing degree from IITDelhi in 2005 and hails from Muktsar in Punjab. He has also made a seedround investment in startups including Grofers, SquadRun.

• Rohit Bansal is an entrepreneur, co-founder and COO of Snapdeal. Rohitcompleted his bachelor’s degree in engineering from IIT New Delhi. He hasmade investments in companies like Headout, Urbanclap, Routofy, Zinier,Bewakoof.com and Gigstart.

• Vijay Shekhar Sharma-founder Paytm has mentored a number of startupsand has also invested in quite a few of them which include Sourceasy,ZAPR, GrexIt and Milaap.

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• Ankur Warikoo: Ankur is the Head of Groupon India and an angel Investorwho usually invests in Internet and Technology Startups. Few of hisinvestments include Targeting Mantra and Limetray.

• Sunil Kalra is a member of Indian Angel Network as an independent angelinvestor. He has invested in more than 20 startups as of now, few of theminclude TargetingMantra, Instamojo, AdPushup, Jigsee, Airwoot,Wishberry.

• Alok Mittal: Alok is an entrepreneur and a founding member of IndianAngel Network.

• Pranay Gupta is a co-founder of 91springboard. He has PGP from IIM(A);B.Tech and M.Tech IIT Delhi. He is focused on incubating and investing inearly stage innovation & technology based startups.

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• Outbox Ventures is an investment firm that specializes in seed fundingand early-stage support for startups.

• GrowX is an early-stage investment firm based out of Delhi. GrowX helpsstartups scale by investing time and money in the businesses, and typicallyworks closely with the investee companies at a strategic and operationallevel. http://growxventures.com/

• SAIF Partners is a leading Asian private equity firm, currently managingover $4 Bn in capital. SAIF makes privately negotiated equity or equity-linked investments across several growth sectors, in particular Internet,mobile Internet and IT, healthcare and clean technology and/orenergy. http://www.saifpartners.com/

• Seedfund is an early-stage venture capital fund, with operations inBombay, Bangalore and New Delhi. They have huge connection in areaslike advisors, mentors, consultants, evangelists, managers, andfounders. http://seedfund.in/

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• Sol Primero is an early stage, industry agnostic investment firm focussedon high growth, emerging businesses that can demonstrate the ability toscale quickly. http://www.solprimero.com/

• Smile Group is an Asian Internet group with extensive holdings in theconsumer internet and media space and is led by Harish Bahl. It partnerswith local entrepreneurs, venture capitalists, and global companies tobuild digital companies from scratch, expand operations and increase theirfootprint by going out globally. http://smile.co.in/

• The Startup Superfuel Fund is a seed and early stage fund focused ondigital assets. The firm invests up to $500K in selected startups as well asdeeply collaborates as operating partners with the startup teams for aperiod of 6 months to a year. http://www.5ideas.in/

• Jaarvis Accelerator offers mentorship, capital, seed funding, tech,infrastructural support and everything else startups need to build a strongand lasting foundation. http://jaarvisaccelerator.com/

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Education & Cultural Preparedness

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Educational Institutions Promoting Entrepreneurship

• Women Entrepreneurship and Empowerment (WEE) IIT Delhi: WEEhas created a program designed to address the specific needs,challenges and opportunities faced by womenentrepreneurs. http://weefoundation.org/index

• Jindal Global Business School-Centre of Entrepreneurship: The Centerfor Entrepreneurship (CoE) facilitates entrepreneurial culture bycreating and nurturing of the entrepreneurial mindset among thestudents of O.P. Jindal Global University. http://www.jgbs.edu.in/ce

• EMPI’s centre for Global Business Entrepreneurship & Research(Delhi): Specialization in Global Business & Entrepreneurship.http://yourstory.com/2012/08/courses-on-entrepreneurship-india/

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• Infinity Business School (NCR) – specialization in Entrepreneurshiphttp://www.inbuss.com/index.php/courses

• International College of Fashion (Delhi) – M.B.A in Entrepreneurship(Fashion) http://www.icf.edu.in/mba.php

• Faculty of Management Studies-University of Delhi-EntrepreneurshipDevelopment Cell: http://www.ecell-fms.com/fms-basecamp.html

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• The National Institute for Entrepreneurship and Small BusinessDevelopment: The major activities of the institute consist of Training ofTrainers (ToT), Management Development Programmes (MDP),Entrepreneurship- cum-Skill Development Programmes (ESDP) andEntrepreneurship Development Programmes (EDP) etc.http://niesbud.nic.in/institute.htm

• National Small Industries Corporation: Entrepreneurship OrientationProgramme-. This program makes participants familiar about role andimportance of MSMEs in Indian Economy, process of setting up ofEnterprise, preparing Project Reports, Identifying marketing possibilities aswell as with the issues regarding various statutory requirements such asIncome Tax, VAT, etc. http://www.nsic.co.in/eop1014.asp

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Mentoring & Networking

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Startup Incubators, Co-Working Spaces

• Innovate Delhi Entrepreneurship Academy: 6 week bootcamp at theacademy followed by pitch before angel investors and selectedstartups also get incubation facilities at IIT Delhi.http://www.innovatedelhi.com/learnmore/#content

• 91springboard: 91springboard is a co-working space provides all thebasic amenities like wifi-internet, photo scanning and conferencerooms with projectors. Its spaces are located in Okhla in Delhi,and Maruti Industrial area in Gurgaon.http://www.91springboard.com/

• Investopad is an incubator and a co-working space that aims to fosterstartups that tend to solve community problems.http://cowork.investopad.com/locations/delhi/sda.html

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• Innov8 is a coworking place situated in the heart of Delhi. Has all basicamenties plus stress releasing activities for entrepreneurs likeskateboarding and TV. https://innov8.work/locations/

• Stirringminds: Its an incubation and co-working place also working alongwith govt, universities and private players to foster startup education foryoung minds. https://www.stirringminds.com/;

• The Studio: The Studio is a coworking space in South Delhi for startups,designers, freelancers and travelers. It has conference rooms for meetingsand workstations for personal work.https://www.coworkable.com/officespace/ODY/

• AltF Coworking: They are turning under-utilized spaces into coworkingspaces in Delhi at economical prices. http://altfcoworking.com/about-altf/

• MyHQ: Interesting co-working spaces in notable cafes. http://myhq.in/

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• Tlabs: TLabs is a startup accelerator in India that operates a 4 monthprogram with 60+ mentors supporting the companies that become part ofit. With 6 Batches and 36 startup being accelerated uptill now, TLabs hasseen a tremendous success rate with over 65% of the companies gettingfunded raising over $200k investments per team. http://tlabs.in/

• GHV Accelerator stands for Green House Ventures Accelerator, foundedby Vikram Upadhyaya. GHV Accelerator provides startups with a controlledenvironment, optimized & appropriate resources, along with sustainabilityfunding, helping them to grow multifold in a shorter timeframe.http://www.ghvaccelerator.com/

• GSF Accelerator is a funding and mentoring platform for Indian startups. Itis to spur innovation and entrepreneurship through angel and seedinvesting. Their aim is to encourage flow of informed, knowledgeablementorship capital to the startups in India and beyond.http://www.gsfaccelerator.com/

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• Pitney Bowes accelerator program focuses on startups that leveragesoftware for customer information management, mobile, data analytics,location-based services, ecommerce management and machine learning..Training, technical and business guidance and mentoring are also providedto the start-ups from Pitney Bowes engineering and innovation leaders,and from software industry experts. http://accelerator.pitneybowes.com/

• Technology Business Incubator (TBI) IIT DELHI: The objective of the TBIUis primarily to promote partnership with new technology entrepreneursand start-up companies. DST and MSME grants are available for venture’sfund requirements. http://fitt-iitd.in/business-incubation/

• Amity Innovation Incubator offers a range of incubation services tonourish entrepreneurial talent such as – Business Planning, Companyformation, Legal & IPR assistance, Managerial Support, TechnologySupport. http://www.amity.edu/aii/

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