What contributes to Bangalore Startup Ecosystem's success? - Part 2
Besides India’s nationwide policy, it is without doubt that Bangalore’s long and sustained leadership in driving the IT economy and R&D ecosystems is conducive to its growth.
The existing policy framework of Government of Karnatar, mainly the i4 (IT, ITES, Innovations and Incentives Policy 2014-2019), ESDM, AVGC policies and the Industries Policy 14-19, recognized the importance of promoting startups and the need to give the necessary impetus to tech-entrepreneurship early in the day, and has invested on building incubation spaces in partnership with industry bodies; encouraging innovation in educational institutions through its New age incubation network; providing seed capital and other incentives. This framework has evolved around the vision “To create a world-class startup ecosystem in the state through strategic investment and policy interventions leveraging the robust innovation climate in Bangalore.”
Bangalore aims at fostering strong partnerships between R and D institutions and industry by assisting in the setting up of TBIs in institution of higher learning with well-developed R&D facilities to enable a strong link between R&D and commercialization of technologies so developed. The host institution must provide land and built-up space for TBI and must also share available facilities and expertise for setting up of the TBI. The TBI must be run as a society or a section 8 company with strong academic-industry collaboration. The eligible funding would be decided on case to case basis. The state support would be for the initial capital cost for equipment and facilities, and recurring costs of management of TBI for three years period, extendable by another 2 years based on performance, at the end of which the incubators are expected to become self-sufficient. The existing TBIs would be eligible for assistance for scaling up or for expanding into niche areas with the condition that a single TBI may not focus on more than 2-3 thrust areas.

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According to Startup Ecosystem Report 2012 by Startup Genome, there was a lack incubators in Bangalore. Policy makers can help to establish either government funded or supported incubators to bring together entrepreneurs at the ideation stage. These alumni networks help entrepreneurs avoid the most common startup mistakes. Furthermore, policy makers can help by celebrating entrepreneurship.
From this perspective, the existing policy framework of Government of Karnataka, mainly the i4 (IT, ITES, Innovations and Incentives Policy 2014-2019), ESDM, AVGC policies and the Industries Policy 14-19, recognized the importance of promoting startups and the need to give the necessary impetus to tech entrepreneurship early in the day, and has invested on building incubation spaces in partnership with industry bodies; encouraging innovation in educational institutions through its New age incubation network (NAIN); providing seed capital and other incentives.
  • Under New age incubation scheme, selected academic institutions would be assisted to establish an incubator in the given discipline and encourage student projects. Financial assessment will be provided for three years to the selected institutions for setting up the incubator and other activities. Institutions that excel would be further supported for another two years.
  • Fostering strong partnerships between R and D institutions and Industry, the State Government would assist in the setting up of Technology business incubators (TBIs) in institution of higher learning with well-developed Research and development facilities to foster a strong link between R&D and commercialization of technologies so developed. The TBI must be run as a society or a section 8 company with strong academic-industry collaboration. The eligible funding would be decided on case to case basis. The state support would be for the initial capital cost for equipments and facilities, and recurring costs of management of TBI for three years period, extendable by another 2 years based on performance, at the end of which the incubators are expected to become self-sufficient.
  • Providing early stage/Idea2PoC (Proof of Concept) funding: the State will set up an Ignition fund on the lines of BIG fund of BIRAC, GOI. Funding will be in the form of Grant-in-aid limited to a one time grant of up to Rs. 50 lakhs to be released in tranches based on the life cycle of the business plan, administering this Grant in Aid Fund through TBI s (as defined earlier) or identified incubators of excellence.
  • Creating Incubation infrastructure through PPP: The State would invite the private sector including globally and nationally well-known accelerators and incubators to set up world class incubation centers and accelerators or expand existing facility /operations on PPP basis. Land or built-up space would be provided at the applicable rates in Industrial/ITparks/SEZs developed by the Government in two-tier cities. The support from the Government for the PPP partner would be determined through price discovery through open bidding. The support shall be for a period of 3 years.
Besides, The State provides support in the form of incentives & concessions such as Reimbursement of Service Tax, Reimbursement of VAT/CST or Marketing incentive to startups. All of these factors acted as a catalyst for startups to thrive and are expected to enhance Bangalore startup ecosystem’s status on a global scale.

For the 2nd part of this article, please visit: http://startup.gov.vn/Pages/chi-tiet-tin-tuc.aspx?l=Tintucsukien&ItemID=277
References:
1. https://www.startupindia.gov.in/content/sih/en/about-startup-india-initiative.html
2. https://www.neusourcestartup.com/startupindia/dpiit-registration-process
3. https://medium.com/@weareoutofbox/the-startup-ecosystem-in-bangalore-ab079c202c74
4. https://medium.com/@ankitchamoli10/indian-startup-ecosystem-2020-fc16f120ccbf
5. https://fi.co/insight/bangalore-is-a-fast-growing-startup-ecosystem-here-is-a-list-of-all-the-local-resources
6. https://startup.karnataka.gov.in/docs/Startup_Policy_Karnataka.pdf

 
Tác giả: Trần Hữu Hưng