Start-up Culture in India – Big Push with Govt Funded Company & GDP Growth

•If Govt creates a new team/company who can identify good talent and companies and invest in them in any sphere with experienced teachers, professors, scientists, DRDO, Defence members, ISRO, physics PHD holders, IT mentors (most projects will be from IT), intelligence, police, banking, finance, rural ministries, NIC/C-DAC team to identify best tech in computers. The structure of this organisation should be like a private company with no interference from govt only as intermediator and chip in only on issues. The funds allocated in budgets can be used to form the company with CEO like architecture of Rs. 500 crores annually till the funding enables start up growth and impact on GDP. The company will help overcome dependency on international VC funds & boost GDP
•An idea can be ranging from manufacturing, bio-technology, solar, new inventions, research in unknown areas to space. The role of the company setup will be to hire proper resources and get work done at any cost from anywhere in the world after background checks by concerned agencies. Each idea must be demonstrated by the concept conceiver irrespective of age either college students, school students or working professionals or experienced. The concept is to drive more revenue by innovative ideas and more patents being filed in the country.
•Govt can provide equipment's with space in SEZ, servers to host data – windows, Linux, through cloud or Virtual servers for at least 3 years for the concept to be successfully. Students from colleges will require support from senior staff and friendly and motivated team to get it going. The students can bring in their own laptops or govt can provide desktops and laptops for work as long as their part of the company.
•Mobile development will be major region of focus for all start up so energetic team which can process and analyse best idea among them and support them. Some will bring in revenue some will be for social causes. Govt should balance both to sufficiently keep the company floating.
•Students in India from engineering colleges, MCA, arts graduates, IIT, IIM, IT employees who are first generation or want to try business funding must be directly from government and the loan payment should be done to banks. Govt and banks will take stake in the company once the company grows both the govt and banks will be benefited with the stake and can make money instead of new developers depending on foreign VC’s who are very authoritative and dictate terms to us.
•Failure rate of start up are high hence the organizations in which the govt invested if possible they must be given proper channels to move to some other company or pulled into necessary govt jobs if the ideas did not take off.