Indian startups and entrepreneurs are waiting with a baited breath for the upcoming January 16 event by the Government when an action plan for startups is expected to be unveiled by the Government.
And while there is a lot of excitement and enthusiasm about the event among budding entrepreneurs, Google has also joined the bandwagon and announced a live contest for the early stage startups.
With the Startup India Stand up India event, the Government of India has shown great foresight in providing a platform to the Startups in the country to engage industry leaders and successful entrepreneurs to come together and drive the spirit of entrepreneurship forward in the country,
said Rajan Anandan, VP & Managing Director, Google South East Asia & India.
According to a release by the company, it has shortlisted 5 startups and people are being invited to vote for their favorite startup in the next two days.
The shortlisted startups by Google include Reap Benefit, a social enterprise working to solve environment and civic problems; Cardiac Design Labs, a healthcare monitoring firm; Guru-G which converts existing content into adaptive teaching packs; SlamdunQ, application developer for wearables and Sbalabs Pvt. Ltd; which reuses carbon from pollution for the use in the printing industry.
The top three startups decided by the people votes will get an opportunity to join the next Google Launchpad Week. These startups will also pitch their ideas in front of a panel consisting key venture capitalists, google global leaders and government representatives.
The final winner will be selected during the event by this panel and will be eligible for consideration to the Launchpad Accelerator Program in July 2016. The winner will also get $100,000 worth of Google cloud credits.
On January 16, the government is expected to unveil a detailed action plan for promoting startups in the country under its Prime Minister Modi’s ambitious and pet scheme Stand up India, Startup India.
Some of the key expectations of the entrepreneurs and startups from the government are easing of regulatory compliance norms, relaxation of existing tax laws, funding support, and easy access to resources.