Champions of Change: Transforming India through G2B Partnership

Champions of Change: Transforming India through G2B Partnership

– An initiative by PM Narendra Modi

India is on a high growth trajectory and this growth needs to be accelerated while realizing the honorable Prime Minister’s vision of “Sabka Saath Sabka Vikaas”. High growth rates can be achieved and sustained when the private sector’s dynamism and innovative spirit is channeled towards the country’s growth and betterment through collaborative Government to Business Partnerships (G2B).
To facilitate this partnership, NITI Aayog organized an interactive session between the prime minister and a group of highly motivated and dynamic young entrepreneurs of the private sector who have demonstrated a passion for transforming India and are emerging as champions of change for the country. This conference “Champions of Change” was spread over two days on August 16 and 17, 2017 at Pravasi Bhartiya Kendra, New Delhi.

Champions of Change | Z Nation Lab

Nilesh Jain, Venture Partner at Z Nation Lab says “With Champions of Change, the government has expressed its intention to work together with new entrepreneurs. I believed that it was only entrepreneurs who would change the world, meeting the PM at the event turned this thought around. NITI Aayog has set up the perfect platform to implement the transformation agenda for India. PM Narendra Modi’s government is serious about startups as its Champions of Change and has shown innovation in more than thought”.

To keep the discussion focused, participants were divided into six broad themes prior to the event.

  • A New India by 2022
  • Digital India: Reaching the Last Mile
  • Energizing a Sustainable Tomorrow
  • Health & Nutrition
  • Education & Skill Development
  • Soft Power: Incredible India 2.0
The conference was focused on the private sector committing on job creation, income enhancement, and technology disruption and innovation while seeking government support on ease of doing business and governance and policy. To begin with, each participant was asked to deliver targeted action points that would drive change and deliver growth in one of the six pillars highlighted above. These inputs received were analyzed and deliberated upon by NITI Aayog and a synopsis of each respective group was shared with participants. This laid the foundation for further discussion during the conference on 16 & 17 August 2017.
The session began on August 16, with opening remarks by CEO of NITI Aayog, Mr. Amitabh Kant. This was followed by an interaction with Honorable Finance Minister, Mr. Arun Jaitley, and other ministers, top officials including secretaries from various ministries and departments. The discussions ranged on various issues concerning their respective sectors and challenges facing the country. The day also included breakout sessions for various groups to deep dive further into the synopsis and concluded with an interactive dinner with PM Modi and his ministers.
Next day, the groups chartered their final presentations during the first half, and the identified group leaders presented their conclusions to PM Modi and respective ministries. This was followed by a photo session with the PM.
Seen as the first major initiative involving young entrepreneurs, PM Modi encouraged them to devise systems and solutions that will help in improving governance. Stressing that only government and their initiatives will not make a new India, he called out to entrepreneurs and urged them to participate in government initiatives. PM Modi said he would like Champions of Change event to be an annual feature. He said the different groups of entrepreneurs, which were set up to suggest policy initiatives, could be attached with the relevant ministries on a permanent basis while stressing that “Change will be powered by each and every citizen of India”.
NITI Aayog & Various ministries have started engaging with the entrepreneurs over conference calls and emails to further bring in policy changes and improve ease of doing business.
Champions of Change | Z Nation Lab
Anup Mehta, Co-Founder at Z Nation Lab says “I have never seen the government so sincere in both their earnestness in engaging with the startup community or the dream of building a new India by 2022. At the end of this initiative by NITI Aayog, I realized that a great platform was created where public-private partnership would foster in a true sense. Next decade looks really promising for India under this leadership”.

Startup Intellectual property – Protection and Infringement

What is intellectual property?Intellectual property is any creation by a human mind, which has financial and commercial benefits, and of course, which comes with copyrights. Some of the typically known examples of intellectual property are- music, designs, scripts, other discoveries, and lots more. It has become a very common trend in today’s commercial world.

Having an intellectual property has multiple profits and returns, especially if you own a start-up, or are a part of one. But ever wondered why and more importantly, how can you secure your intellectual property? Well, find out with these few easy to implement tips-

Why should we protect our intellectual property?

Two simple reasons- One, you own your ideas. You should keep them safe. And second, protecting your ideas or the IP is essential for the business growth.

How can we secure our intellectual property?

Start with basics. It’s quite reasonable to be possessive about your innovation or product, or as the IP experts say – your patent, but all that you need to do is to market it right. Starting with ‘Google patents’ is probably the safest way. Find more one https://patents.google.com/.

Research– Study, do your homework, keep yourself updated. Get it all sorted out. Before making any heavy investments, be sure to create that awareness on everything that is important when it comes to securing your intellectual property. Fundamentals of trademarks, trade secrets and copyrights are some of the typical examples.

Show urgency– Speed up and get all the necessary documentation done. It is a long, exhausting process. Look for the right person. Find the right attorney. You may be a real hater of plagiarism, but you don’t want others to steal your creativity.

Set the fundamentals straight, before you take that leap of showcasing your intellectual property.

For more information or assistance on registering your trademark write to us at info@znationlab.com

Anup Mehta

Co-founder ZNationLab

Top food start ups in India

Movies or food, there is so much to do with reviews. Well, reviews, special discounts, health check, delivery options- we necessarily look out for these when we choose a place to eat. Let’s take a look at some of the top food start-ups of India.

Zomato: The most common name in every household. It initially operated in few metros of India, and now provides its service across 37 cities in the country. Not only this, Zomato has also stepped out of India and is operational across 23 countries. All sorts of cuisines and the best places to eat in our budget are easy to find here.

Faasos: Wraps and rolls- you know its Faasos! A certain research says that Faasos receives as many as 10,000 orders every day. It is currently operational in 15 different cities of India. Faasos is already known for keeping its customers happy with a wide range of offers from time to time. Faasos especially came in limelight with the launch of its famous ‘loyalty program for its regular customers’. Founder Barman has also stated that he’s looking to operate Faasos in 15 more cities by 2017.

Box8: This Company was founded in 2012 in Mumbai. Though Box8 is actively operational in Mumbai, it has started spreading its wings in Pune as well. Box8 is especially known for its combo meals, which are available at reasonable prices and quantities.

Foodpanda: Another popular name in the food market. Like Zomato, Foodpanda gives you all the information that you need before choosing that perfect place and meal, at the prices you desire. And yes, the range of cuisines never seems to end. The very famous ‘Tastykhana’ now happens to be a part of Foodpanda.

Freshmenu: Fresh menu is a Bangalore based food start-up, which operates in the prime areas of the city. With its amazing combo offers, Freshmenu is now gaining popularity within the city. Apart from the ones mentioned above, some other food start-ups in India include- Mealsonwheels, SpoonJoy, Eatlo and GetMeFood among others.

Anup Mehta

Co-founder, Z Nation Lab

Life begins at the end of your comfort zone – Young Indian Entrepreneurs

How do the regular college students in India spend their free time? Watch a movie, follow TV series, listen to music or go out party instead or even pick up bad habits like drinking or smoking. But not these young extraordinaire! They spent their time building a business so huge that they had to quit their education to completely focus on their work. These young lads are conquering the world one step at a time.1. Varun Shoor

    CEO, Kayako

Varun

Kayako is a software company that develops a cloud-based customer service platform and on-premises help desk and customer support software. Varun Shoor started learning programming at the age of 13, and was able to start off Kayako by the age of 17. He never went to college so that he could focus on his business. In 2001, he a bought a laptop for himself with the first money he earned. In the initial days, he cleverly responded to his clients from different accounts which he created for himself to give the impression of being a large company. He knew no one would take a 17 year old kid seriously who is on the other side of the world. This story of a small start up in Jalandhar to a huge enterprise in London proves hard work definitely pays off.

 

2. Ritesh Agarwal

    CEO, OYO Rooms

Oyo

OYO Rooms provide an online platform for standardized and affordable stay. I am guessing, you or one of your friends would already stayed at one of their rooms and experienced their comfortable and convenient services. Now an astute business man, Ritesh once sold SIM cards in his hometown, Odisha. He was the first Indian to be chosen for Thiel Fellowship, where he was given $100,000 grant by early Facebook investor and PayPal cofounder Peter Thiel. The Thiel Fellowship is a two year program given to entrepreneurs below 20 years of age who skip or stop college to start running their own business. Ritesh thought really big and wanted to create an impact and hence put most of the Thiel grant into his business. Such clarity of thought and purpose at this age is unusual and India hopes to produce more young entrepreneurs like him.

 

3. Azhar Iqubal

   CEO, Inshorts

bbb

I hardly know anyone who doesn’t use this app. Crisp news in less than 60 words of significant matters is all today’s slothful generation needs. This powerful app works like newspaper in our pockets. Bored with mundane college life, Azhar Iquabal  was looking for something challenging and came up with the brilliant idea. All IIT dropouts, Azhar Iquabal along with Anunay Arunav and Deepit Purkayastha, built this application which works for Android and iOS. This Delhi-based startup was founded in 2013. Started from a Facebook page, it became India’s highest rated news app with more than 3 million downloads serving more than half a billion page views every month.

 

4. Deepak Ravindran

    CEO, Innoz Technologies

Deepak

Innoz or SMSGyan is an offline search engine that allowed users to immediately get answers to their queries by sending an SMS. Over two billion queries were answered by the app in around five years. Deepak along with three of his college friends co-founded Innoz in September 2008. It became one of the largest offline search engines in the world. But once the smart phones hit the Indian markets in 2013, Innoz had to be plateaued. In early 2014, he came up with Quest which was a Q&A platform and marketed it in the US but this app failed to gain much recognition because of competitors like Quora and Jelly. Back in India now, he came up with Lookup, which connects people with local businesses. He saw that people are still using the traditional way of calling the stores, and saw this as a great opportunity to attack this untapped market. Lookup has no major competitors in India right now and is doing really well with over one million downloads. This story of ups and downs teaches us to never give up your passion.

 

5. Bhavin Turakhia 

    CEO, Directi

Bhavin

Directi is a large scale company that earns a revenue of over $350 million/year. It employs 1500+ people across 8 global offices with over 9 million customers. It offers services across diverse areas like social networking software, DNS managements, instant messaging, large-scale billing & provisioning platforms, anti-spam and anti-virus solutions and much more. Bhavin along with his younger brother Divyank co-founded Directi in 1998. From a startup, the young Turakhia brothers flourished to a huge business that develops mass-market web products serving millions of global customers. Bhavin is also the founder of CodeChef. Since school, Bhavin loved to code and spent a lot of time after school exploring various programming languages. He had created a stock market simulation game to track stock prices while he was in class tenth.  His entrepreneurial passion and zest was clear since early days and he had decided to contribute something valuable to the world. Bhavin believes in pure hard work and hands on experience. He also believes that life is a continuous learning process.

 

Anup Mehta

Co-founder, Z Nation Lab

Stop Thinking. Start Doing.

Anytime is a good time to start a startup. But the question that arises is how to start a startup? As stated by Paul Graham-“Start-ups don’t win by attacking. They win by transcending. There are exceptions of course, but usually, the way to win is to race ahead, not to stop and fight.”As compared to other working fields, startups have a high risk of failures due to the uncertainties involved. A quality amount of data, with a knowledgeable feed of how to pave your way to start your startup, will prove to be the success mantra for the innovative minds to succeed.

Everything is impossible until somebody does it. As quoted by Dennis Crowley-“Don’t let people tell you your idea won’t work. If you’re passionate about an idea that’s stuck in your head, find a way to build it so you can prove to yourself that it doesn’t work.”

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Don’t let others decide the outcome of your thinking. Life is either a daring adventure or nothing at all. Same is in the case of building your own startup, take risks because ideas are easy but the implementation is hard. The market research will help you to carry out the implementation of your idea with a systematic investigation of, what are the problems which are surfacing the community, Who are the people suffering from the problem?  What are their demands? What your startup can do to solve their problem?  Who are the target customers? At the end it’s all about the customers and their interests and preferences. Targeting the problems of the people and building such a product that will gain maximum attention from the people should be the final goal.

Following are certain eligibility criteria that should be kept in mind before calling yourself a startup:

  • You should be registered in India.
  • Come forth with a new innovative product or service or a significantly improved version of an existing product or service.
  • Startup should be less than 5 years old.
  • Startup annual turnover should not exceed INR 25 crore in any preceding financial year.
  • Startup should not be formed by splitting up or reconstruction of an already existing business.
  • Startups can avail tax benefits only if they are certified by the inter-ministerial board.
  • Startups should be supported by a recommendation (with regard to innovative nature of business) in a format specified by DIPP.

Legal aspects that are primarily considered before starting a startup:

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1. The article of incorporation:

Also referred as the ‘The article of association’, ’Corporate character’ or the ‘Certificate of Incorporation’, it consists of set of documents filed with the state that inheres the basic information of the formation of company like: the name of the company, type of the corporation(C or S corporation), company’s address, amount and the type of the stocks issued, and stockholder information.

2. Intellectual property (IP) Assignment Agreement:

Also referred as Rights Agreement or IP Transfer Agreement.

In a startup it is vital to contract the assignment of intellectual property rights to an individual or a business entity. This agreement emphasizes on the transfer of the possession of intellectual property right from one entity to another entity. The party which transfers the ownership is known as an assignor and the entity receiving the ownership is known as assignee.

3. Bylaws:

A simple definition of bylaws is the set of rules that should be followed by all.

In Corporate sector, Bylaws pin down the day-to-day rules that provide a constraint for the smooth functioning of the company. Bylaws specify the duties and the responsibilities of the members of the organization, Board of Directors, Executive members and others.

4. Operating Agreement (Founders Agreement):

An Operating agreement is drafted among LLC and specifies the ownership and management of LLC. The Founders document will document all the essential things that the founder wants to establish in order to avoid misunderstanding among the co-founders.

5. A non-disclosure Document:

A non-disclosure agreement is a legally signed document that agrees upon not sharing confidential information of a company, their products and business strategies with a second party.

A non-disclosure document is of primary concern when you jointly develop a product mostly seen in technology companies.

6. Employee contract and Offer letters:

While hiring new employees, the founders and CEOs of the startup should clearly state out the employee contract and offer letter. These legal documents should draw in the following points

  • Expectations from the employee
  • Employability terms (e.g. working hours, responsibilities, reimbursements)
  • Company conditions (e.g. dress code, paid leave, vacation days)
  • Required commitments
  • IP ownership of work

7. Shareholders Agreement

The shareholder document is a contract that describes the relation of the shareholder with the company. It states the expectations of each party. This document will prove out to be beneficial while resolving disputes among the parties. The shareholder document must be flexible in terms and should meet the requirements of any corporation, big or small. The terms and conditions that should be settlements for finance, transfer of shares, buy-and-sell provisions etc.

 

Anup Mehta

Co-founder, Z Nation Lab

WE RISE BY LIFTING OTHERS – STARTUPS FOR A SOCIAL CAUSE

Every person in the society has certain social responsibilities. But, only a few people are addressing these real problems and are providing world changing solutions. While the entire world is running behind tech startups, there is also a group of people silently working for a noble cause, away from spotlight wanting to bring a change: small or big. One becomes famous once their product grabs the attention of people but, how many of us have ever thought about having a socio-startup? A socio-startup is framed to work for a social cause which will help the common man. Here, we present to you some untold stories of such socio-startups.

  1. Socialblood

social blood 1

Blood is as essential to life as food or water. One understands the importance of getting blood on time only during emergencies and crisis. Socialblood was founded by an aspiring tech entrepreneur Karthik Naralasetty in 2011. Socialblood, one of the largest online startup is building a network of blood donors who are motivated to donate blood, thereby serving their social responsibility. Socialblood uses Google maps to look for blood donors in the nearby areas and reaches out to them quickly. They also have their own android application. In addition, Socialblood helps hospitals manage data related to donors, available blood stock levels, etc. using the cloud. This story of a young entrepreneur working for such a noble cause truly inspires us to be a part of his mission and contribute to the society in a small way.

  1. Mentor Together : Mentoring the necessitous

mentor togather 1

Mentorship is a relation where an experienced and knowledgeable person guides an amateur in their related field of expertise. After returning from the Manchester School of Business, Arundhati Gupta felt a strong urge about doing something in the educational field related to mentorship and hence founded Mentor Together. It is a Bangalore based one-to-one youth mentorship startup that guides the underprivileged youth to make wise and better career choices in life. Students in their teenage often need mentorship when it comes to choosing the right career paths. Students from the age 12-17 belonging to shelter homes and government high schools are provided guidance here. Any individual willing to contribute to this social cause is selected as a mentor after a three-phase evaluation process. Using a matching algorithm based on the common interests, language, personalities, mentors are allotted to mentees. This noble work of Arundhati and her team should be appreciated by us.

  1. Project Mudra

project mudra 1

There are almost 7.8 million visually impaired people in India which accounts for 20% of the visually impaired in the world. Project Mudra is an ed-tech socio-startup. BITS Goa graduates, Sanskriti Dawle and Aman Srivastava, developed a flagship product called Annie, a ‘Braille Dicta-Teacher ‘. They got this innovative idea during a workshop on Raspberry-Pi. This simple product makes Braille learning spontaneous and easy. It was developed using Raspberry-Pi attached to a small box with 6 pegs. It works in 3 modes, Auto mode, Browse mode and Exam mode. It surely can battle against illiteracy among the visually impaired in India and worldwide. A small effort like this can make a big and positive difference in the literacy rate.

  1. Milaap

milaap1

Milaap is one of the largest crowd-funding platforms for a personal and social cause which was founded in 2010 by three young entrepreneurs. Milaap allows people to raise money for a cause or a person in need. It also funds rural Indian entrepreneurs. They have a worldwide group of donors and lenders in around 120 countries. Soon after it was launched, it became one of the most important crowd-funding platforms to help thousands of people for charity, medical expenses, educational purposes, natural calamities, etc. There have been contributions of about Rs. 63.34 crore for 49,310 projects. Milaap is not an NGO but a mission-driven startup for a social cause. They have helped in saving lives of many kids, in setting up art schools, music classes in poverty-prone areas, helped children pursue their dream of playing sports. Our small contribution to this venture can help us change someone’s life.

  1. Practo

practo

Practo Technologies is a unique startup which was found by Abhinav Lal and Shashank ND in 2008. Practo aims to be the one-stop destination for patients to find their doctors, pharmacists, gyms, etc. Patients can easily locate suitable doctors and today, over 2 million people are already using Practo. Doctors from over 310 cities in India are a part of this base. Their app helps you book appointments within seconds. Nearly 30,000 appointments are booked by patients through Practo. The application helps you to stay fit and healthy always. You can immediately inform your doctors about your health conditions and immediately get your doubts solved online. Practo Ray is one of the largest online clinic management software provider in Singapore when it comes to market share, Practo has achieved this in less than 2 years after its launch. Practo has provided a very efficient and easy way for a common man to get in touch with medical practitioners.

 

Anup Mehta

Co-founder, Z Nation Lab