It is a welcome thought by the government to scrap the tax on seed funding for start ?ups by domestic investors under its Start Up India Campaign. By doing away with taxation at the time of investing, experts point out that not only does it encourage domestic investors but also avoids disputes on valuation of such investments.
According to Global Start-up Ecosystem Ranking Report 2015, Bangalore is the only Indian city to be ranked within the best twenty start ?up ecosystems across the world. Karnataka is the first state to have its own start up policy; sharing a few excerpts from Karnataka start- up policy: by stimulating the growth of 20,000 technology start ?ups by 2020, Karnataka hopes to actively create 6 lakh direct and 12 lakh indirect employments. It has plans to mobilize INR 2000 Crores funding. It also envisages social impact in healthcare, food security, clean environment and education for all by these initiatives.
Implementation plans are centred on fostering technical skills and partnering with R&D institutions to prepare the requisite talent pool. There are plans to set up ?Ignition Fund? in the form of a onetime grant released in tranches over the lifecycle of business plan. Providing incubation infrastructure by partnering with private sector / industry bodies/ trade associations is also in the offing. Upon meeting eligibility criteria, start ?ups are entitled to certain incentives and concessions too.
With a conducive ecosystem for the start-ups to thrive, I would like to believe that it is only a matter of time that technology plays an increasingly significant role in the real estate sector. Technology has facilitated aggregation of real estate in the form of online portals and rentals. Going forward, we might witness a greater role played by technology in aggregation, distribution, design etc. May be technology will even bring in the much needed flexibility in work space designs and change the way we view properties, the way we do transactions may be, change the way corporate real estate teams work? . The possibilities are just endless?.