Workshop on “Startup Planning: Legal, Ethical and Financial Strategies for Entrepreneurs”, in Association with “MSME Development and Facilitation Office, Government of India”, organized by IQAC, Institution’s Innovation Council & Entrepreneurship Cell of AIMS on 17th March 2025 for final year UG & MBA students.
Guest Speaker:Mr. Gopinath Rao, Ex. Deputy Director, MSME Development & Facilitation Office, Government of India.
Highlights:
1) The resource person emphasised the role of Central and State governments in Startup Ecosystem through various statistics.
2) He has provided valuable insights on various fund-raising strategies for Startups such as Bootstrapping, Government grants, Angel investors, Venture capital, Crowd funding etc.
3) Discussed on various Central Government funding schemes like, Startup India Seed Fund Scheme (SISFS), Credit Guarantee Scheme for Startups (CGSS), Pradhan Mantri Mudra Yojana (PMMY), Stand-Up India Scheme, MUDRA, SIDBI Venture Capital Funds & Support and and Karnataka State Government schemes like, Elevate 100 Program (Funding & Mentorship for startups), Idea2PoC (Proof of Concept) Grant, New Age Incubation Network (NAIN), AVGC (Animation, VFX, Gaming) Startup Support and GoK’s Innovation and Technology Incubation Centers.
4) Also shed light on legal and ethical aspects of startups such as the process for startup registration, compliance and regulatory framework, contracts & agreements, governance, ethical considerations with respect to decision making and social responsibility to build the trust of stakeholders.
5) The Q & A session clarified the queries of the students in legal and financial aspects.
The workshop laid foundation on legal and ethical aspects to be considered for establishment of a startup and various fund raising strategies, especially Central and Karnataka State Government financial assistance for Startups. It has also provided valuable inputs on mentorship and incubation support from the government.