Startup India

Has Indian startup eco-system seen a better initiative than this? Startup India Standup India?

With Government of India’s Startup India, Standup India initiative, that is intended to build a strong ecosystem for nurturing innovation and Startups in the country, I am seeing the Sun of new hopes for creating something on the face of an uncertain next.

Since the thought of building the Startup ecosystem has got attention from the Government, the economy is going to be benefited from it. You get better at what you focus on!

Highlights:

  1. Rs. 10,000 crore fund for startups
  2. A single point of registration for startups
  3. A simplified regulatory regime based on self-certification
  4. A fast-track mechanism filing patent applications
  5. A credit guarantee fund for startups
  6. Tax exemption for three years, and capital gains
  7. A Startup India Hub for collaboration
  8. Relaxed norms of public-procurement
  9. Faster exits for startups
  10. Atal Innovation Mission to encourage entrepreneurship and innovation
  11. Innovation focused programs for students
  12. An annual incubator grand challenge

More Info on Startup India Standup India Initiative

With this initiative, I visualize that the Indian youth will get better at creating more rather than complying and consuming.

Still today, many smart grads think that since they’ve finished their degree of education, they should get a higher paying job if they “comply” to the set standards and commonly accepted norms. Not an effective strategy in 2016. A better way is to create something that only you can create. Be a Linchpin!

Why it is a better way?

Because you will be the first in your own creation. Rather than worrying about getting chosen, you will be able to choose!

Is it a silver bullet?

No, it is not and I am sure this initiative will pass through iterations and improvements in its due course but this is the nature of any new creation … and guess what, effective startup founders are comfortable dealing with uncomfortable situations with ease. Be one.

Opportunity is to focus less on compliance and more on creation … create something today. Let us Start-Up India!

The 4 enablers of excellence

We all want to be successful. The excellence, as it turns out, is the vehicle to achieve success.

So what it takes to achieve the success? What are the 4 pillars? What are the four enablers of excellence? Here they go:

  1. Essence: “I chose because that’s how I live my purpose. I’m responsible.” 
  2. Ownership: “I’ll make it happen no matter what.”
  3. Gratitude: “I’m thankful for all what I’ve got. Now let me give something back without expecting anything in return.”
  4. Courage: “If I don’t try, I can’t fail. But then what’s the point? Fear? Sure I do have my share of it. But I choose to feel the fear but do it anyway.”

We were born excellent. Fearless. We had all the above qualities although we did not have the distinction that lets us know that our core is made of pure excellence.

Then they taught us to be obedient. They gave us rules to live by…a sense of right and wrong from the perspective of society. Stories of punishments we will get if we don’t follow the rules became a part of our lives.

What they did not teach us was this understanding: it’s okay to break the rules; it’s okay to create your own rules…and be responsible for what you’ve created!

The result? Mediocre we. Yes, you. And me!

They were none other than our beloved family members, school teachers, elderly people whom we respected in society and alike.

They wanted to see us happy but their understanding of happiness was against bringing the “excellence” out from us.

Their definition of happiness was fulfilled if we get a “secured” job which was predictable enough to raise children, go to Europe tour once or (twice at a maximum) in a lifetime and live an apparently “settled” life.

Now, nothing is wrong with that definition if we are okay with mediocrity. Excellence takes something else.

The choice has always been ours; the choice will always be ours: we can choose to dance on the head of fear and get the sh*t done or let fear dance on top of us.

A choice well made is a choice which we won’t regret on our deathbed. What choice do you want to make?