One year on, here's Startup India compared to Startup AmericaTanya DubeyJan 18, 2017, 13:52 IST On its first anniversary, Startup India is still relevant but it isn't impactful. Let's compare the policy with the U.S. Startup America and see how far the government has to go. View As: One Page Slides Startup IndiaThe Government of India had announced 'Startup India' initiative for creating a conductive environment for startups in India. The initiative was launched by the Prime Minister on January 16 2016, which is exactly a year back. There are different components of the policy: 1)The Action Plan for startups which provides different institutional arrangements for support of startups. Procedure for obtaining startup license is elaborately mentioned. 3) The role of incubators, angel funds and venture capital funds are also illustrated under the Action Plan. Startup AmericaStartup America is a White House initiative that was launched to celebrate, inspire, and accelerate high-growth entrepreneurship throughout the nation. In January 2011, President Obama called on both the federal government and the private sector to dramatically increase the prevalence and success of entrepreneurs across the country. Since launch, the Obama Administration rolled out a set of entrepreneur-focused policy initiatives in five areas: • Unlocking access to capital to fuel startup growth • Connecting mentors and education to entrepreneurs • Reducing barriers and making government work for entrepreneurs • Accelerating innovation from “lab to market” for breakthrough technologies • Unleashing market opportunities in industries like healthcare, clean energy, and educationFundsFor U.S.A.: The Small Business Administration (SBA) committed $2 billion as a match to private sector investment over the next five years in promising high-growth companies. • $1 Billion Impact Investment Fund: • $1 Billion Early-Stage Innovation Fund For India: The government has established several funds with its own money for extending financial support to start-ups called the fund of funds worth Rs. 10,000 cr.Impact of Startup IndiaAccording to the Start up India statistics: 1) 84 start ups benefitted in terms of patent filing and IPR protection with 80 per cent rebate given in filing. 2) According to reports, last month, Ramesh Abhishek, Secretary DIPP said Short-listing of first set of incubators in the 100 new incubators proposed had been done, he said these would be outcome based incubators. 3) He also said there had been progress on tinkering labs. “500 is the target, 50 are already approved,” he said pointing out that the government had earmarked ₹50 lakh over three years for same.Impact of Startup America.According to the Kaufman Index of Startup activity: 1) Startup activity is on the rise 889,000 jobs created in the last quarter of 2015 alone; highest job creation number by new establishments since 2008. 2) Narrowing gender gap Rate of new women entrepreneurs highest since 1996 From 0.22 in 2015 to 0.26 in 2015 for females 3) Racial Diversity New entrepreneurs from different backgrounds e.g. Asian, Black, Latino, Native-American 1996: 23% compared to 2015: 40% Add Comment()Comments ()Characters Remaining: 3000SIGN IN WITHFacebookGoogleEmailOR PROCEED WITHOUT REGISTRATIONXSort By:NewestOldestDiscussedUp VotedDown VotedBe the first one to comment.We have sent you a verification email. This comment will be published once verification is done.Next StoryCan India surpass China, Japan & Germany as the next manufacturing hotspot?Related StoriesBudget 2019 royally ignored India’s startupsThe Indian government has reportedly invested just 19% of its fund dedicated to boosting startupsBJP promises ₹200 billion for startups now even as an existing fund remains mostly unusedLatest StoriesChange UK mocked for 'folly' of rejecting alliance with the Lib DemsBarclays is culling senior staff on the heels of a management overhaul - just a month after the bank said 'no plans for job cuts'TransferWise was just valued at $3.5 billion in a Silicon Valley-style deal that shows why Europe's tech scene is maturing fastWhy Boris Johnson could back a new Brexit referendum as prime ministerUS stocks have crushed their European peers by 76% over the past decade. Here's what Goldman Sachs says needs to happen for Europe to flip the script.