There are many events, conclaves and sessions happening in our country’s metros – thus allowing budding startup entrepreneurs to connect at these get-togethers. But, tier 2 cities are often neglected by organizers due to apparent lack of interest (although this is not at all true) thus causing much heartburn to the many entrepreneurs who are congregated in these pockets of our country. Therefore to solve this problem, PHD Chamber of Commerce & Industry has decided to kick-off their Startup Conclave in Chandigarh on August 12th and close the gap by creating a platform for these budding entrepreneurs to converse, ideate and meet with high-profile industry experts and successful entrepreneurs.
Having understood the pain of prospective entrepreneurs, the conclave has been curated to bring together Startup Entrepreneurs, Innovators, Venture Capitalists, Policy-Makers, Academicians and Business Practitioners to deliberate on scaling up their startups. The session will also provide a platform for deliberating on successful startups with focus on role of innovation for scale, skill and speed with special reference to Angel Investors and Venture Capitalists.The session envisages creating self-reliance and building up of a strong startup community spirit by promoting entrepreneurship. Deliberations on technology edge using data analysis for scaling up and using strategic HR tools for workforce utilisation and retention.
The Chandigarh event will kick-off at PHD House with a session discussing the future of the Indian Startup ecosystem featuring Dr. Jatinder Singh, Deepak Pahwa, V.K. Mishra and Dr. Praveen Rathi. The second session of the event, which will be moderated by Amit Mishra of Inc42, will feature talks from Angel Investors, Venture Capitalists and representatives from various banking institutions, to help ease the process for prospective entrepreneurs. The conclave will end with talks from legal advisors and prominent chartered accountants from the industry to address questions from the participants.
Other than these programs, PHD Chamber is also inviting applications for small-stage startups to utilize their vast resources if they match the Chamber’s criteria.
Following are the conditions for taking benefits of their Startup Scheme which can be availed by those startups which are recommended by PHD Chamber of Commerce and Industry:
- It must be an entity registered/incorporated as a:
- Private Limited Company under the Companies Act, 2013; or
- Registered Partnership firm under the Indian Partnership Act, 1932; or
- Limited Liability Partnership under the Limited Liability Partnership Act, 2008.
- The startup should be less than 5 years old.
- Annual turnover (as defined in the Companies Act, 2013) in any preceding financial year must not exceed Rs. 25 crores.
- Startup must be working towards innovation, development, deployment or commercialization of new products, processes or services driven by technology or intellectual property.
- The Startup must aim to develop and commercialise:
- a new product or service or process; or
- a significantly improved existing product or service or process, that will create or add value for customers or workflow.
- The Startup must not merely be engaged in:
- developing products or services or processes which do not have potential for commercialization; or
- undifferentiated products or services or processes; or
- products or services or processes with no or limited incremental value for customers or workflow
- The Startup must not be formed by splitting up, or reconstruction, of a business already in existence.
- The Startup has obtained certification from the Inter-Ministerial Board, setup by DIPP to validate the innovative nature of the business and
- be supported by a recommendation (with regard to innovative nature of business), in a format specified by DIPP, from an Incubator established in a post-graduate college in India; or
- be supported by an incubator which is funded (in relation to the project) from GoI as part of any specified scheme to promote innovation; or
- be supported by a recommendation (with regard to innovative nature of business), in a format specified by DIPP, from an Incubator recognized by GoI; or
- be funded by an Incubation Fund/Angel Fund/ Private Equity Fund/ Accelerator/Angel Network duly registered with SEBI* that endorses innovative nature of the business; or
- be funded by GoI as part of any specified scheme to promote innovation; or
- have a patent granted by the Indian Patent and Trademark Office in areas affiliated with the nature of business being promoted.
* DIPP may publish a ‘negative’ list of funds which are not eligible for this initiative.
The team will be further shortlisting these startups and will provide them with the benefits.
So, if you’re in Chandigarh on August 12th – this is one event we’d highly recommend you attend! To learn more about the event and how to register, click here.