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3. Facilitate Information Flows:
- Create 'one stop shops', web based portals and information handbooks for
entrepreneurs. (NKC proposes to set up an all encompassing website on
Entrepreneurship as a one-stop portal.)
- Widely publicise risk management tools such as the SME Rating Agency
(SMERA), Credit Appraisal and Rating Tool (CART), Risk Assessment
Model (RAM) and improving information flows through the Credit
Information Bureau India Limited (CIBIL).
- Increase awareness of the Credit Guarantee Fund Trust Scheme (CGTSI).
Ensure visibility and access of the 'Central Plan Scheme Monitoring
System' (CPSMS), which has been proposed in the annual budget for the
year 2008-09.
4. Access to early stage finance: Banks, Venture Capitalists, Angel Investors etc
need to be more proactive in assessing the business opportunities generated by
Indian entrepreneurs.
5.Incentives for seed capital funding:
- Establish a secondary market for smaller companies, which provides exit
options to the seed stage investor and value addition for the entrepreneur.
- Create new instruments and institutions for start-up funding, involving
multiple stakeholders (public and private).
6. Business Incubation for Entrepreneurs (BIE): Develop and put in place a
comprehensive BIE policy to increase quantity, enhance quality and increase
access to financing.
7.Industry-academia synergies:
- Enact a uniform legislation for publicly funded research which would
grant IP rights for successful results of research to universities/research
centers and also entitle the inventor to a share of the royalties from
commercialization.
- Enable PhDs/researchers to set up commercial entities while engaged in
universities or professional employment, as well as encourage universities/
research organizations to establish commercial enterprises based on their
new inventions.
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