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Jharkhand Startup Policy 2016

Analysis of the Jharkhand Startup Policy highlighting a particular Startup i.e., Aqualine Bhungru

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0% found this document useful (1 vote)
664 views35 pages

Jharkhand Startup Policy 2016

Analysis of the Jharkhand Startup Policy highlighting a particular Startup i.e., Aqualine Bhungru

Uploaded by

anupsiddharth2
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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ANALYSIS OF THE JHARKHAND STARTUP POLICY 2016

Introduction (About)

The state of Jharkhand has enormous potential for industrialization. With


40% of the nation's mineral resource, the state offers a promising
launchpad for startups. The state has attracted investments in the
primary sector including mining and metal extraction, engineering, iron,
steel and chemicals. The major growth drivers of the engineering
industry are availability of raw material, power, water and industrial
labour. Further, the state offers favourable avenues for horticulture and
natural fibres.

Given the set of sectoral advantages, the Government of Jharkhand


aims to create entrepreneurship opportunities for every strata of society
and aims to become one of the leading destinations for startups by 2021.
In order to ignite the spirit of entrepreneurship and innovation for people
in the state and to convert ideas into potential business opportunities,
the state government outlined a Startup Policy in 2016. The mission of
the state is to create an enabling startup ecosystem and facilitate the
growth and scaling up of at least 1000 direct startups and support 1500
startups by 2021.

The Government of Jharkhand aims to create opportunities for every


strata of the society by providing an equitable ecosystem for
development of entrepreneurship and innovation. As the State
recognizes that there cannot be “one size fits all” approach; this policy
will enable, empower and engage start-ups from a very early stage and
be the partner in their growth journey. While this policy focuses on
effective short-term measures to boost entrepreneurship, revitalise
economy and investment in the state for the next 5 years, it also lays a
strategic long-term roadmap for bringing in positive change in the
mindsets of the individual and society’s attitude towards becoming an
entrepreneur.
Jharkhand is one of the few states which has connected each of the
distinct pillars of a startup ecosystem through its policy. These include
infrastructure, funding, human resource development, incentives and
governance. The state has startup incubators, venture funds and an
Entrepreneurship Development Fund which have contributed to the
strong growth of the startup ecosystem.

Vision: To be amongst the leading startup States in the country by the


year 2021, by providing enabling environment for creation of successful,
innovative and impactful enterprises

Mission: To create a conducive and enabling ecosystem to facilitate the


growth and scaling of at least 1000 direct startups, and support 1500
startups virtually, by the year 2021.

Objectives

● To create 1,00,000 sq.ft. of dedicated incubation space offering


end-to-end support for the startups in the State.
● To create a fund of funds (FOF) by public-private partnership
(PPP) to promote startups in the State.
● To facilitate the development of at least 100 innovative technology
based startups, with social impact, specific to the needs of the
state in this policy plan period
● To create robust and synergetic platform for the academia and
industry to supplement each other’s efforts
● To promote gender equality, environment sustainability and
improve social factors among others.
● To promote entrepreneurship in educational institutions (primary,
secondary and higher educational institutions)

The Jharkhand Startup Policy 2016 was launched by the Government of


Jharkhand with the objective of promoting the growth of startups in the
state. The policy aimed to create an enabling ecosystem for startups by
providing various incentives, infrastructure support, funding
opportunities, and skill development measures. Let's analyse the key
aspects of the policy in detail:
Startup Definition and Eligibility:
The policy began by defining startups as entities registered or
incorporated in Jharkhand, not older than five years, and engaged in
innovative activities. This definition sets the criteria for startups to avail
the benefits and support offered under the policy.

Startup Promotion and Incubation:


The policy recognized the importance of nurturing and supporting
startups from their early stages. It proposed the establishment of startup
incubators and technology parks across the state to provide
infrastructure, mentoring, and networking opportunities for startups.
These incubators were expected to foster innovation, collaboration, and
knowledge-sharing among startups and industry experts. By providing
physical spaces and a conducive environment, the policy aimed to
accelerate the growth of startups.

Funding Support:
Access to capital is crucial for the success and growth of startups. The
policy aimed to facilitate funding opportunities for startups by connecting
them with venture capitalists, angel investors, and financial institutions. It
proposed the creation of the Jharkhand Startup Fund, a dedicated fund
to provide seed capital, equity financing, and working capital assistance
to startups. This funding support aimed to address the financial
challenges faced by startups and enable them to scale their operations.

Skill Development and Capacity Building:


Recognizing the importance of skill development for entrepreneurs, the
policy emphasised the need to enhance the human capital in the startup
ecosystem. It proposed the establishment of incubation centres in
educational institutions and training programs to nurture entrepreneurial
skills among students and aspiring entrepreneurs. Collaboration with
industry experts, mentors, and academic institutions was encouraged to
provide skill development programs, workshops, and training sessions
for startups. This focus on skill development aimed to equip
entrepreneurs with the necessary knowledge and expertise to navigate
the startup landscape successfully.
Regulatory and Administrative Reforms:
The policy acknowledged the regulatory challenges faced by startups
and proposed reforms to simplify procedures and reduce administrative
barriers. It aimed to establish a single-window clearance mechanism for
startups, streamlining the process for obtaining licences, permits, and
approvals. By reducing bureaucratic hurdles, the policy sought to create
a business-friendly environment for startups. Additionally, it emphasised
the importance of a robust intellectual property rights (IPR) framework to
protect the innovations and inventions of startups.

Industry-Academia Collaboration:
The policy recognized the significance of collaborations between
startups and academic institutions for fostering innovation and research.
It proposed establishing partnerships between startups and universities,
research institutions, and technical colleges to facilitate knowledge
transfer, research collaborations, and technology commercialization. The
government aimed to encourage academia to support startups through
mentorship programs, access to research facilities, and collaborative
projects. This collaboration aimed to bridge the gap between academia
and industry, leveraging research and knowledge for the benefit of
startups.

Market Access and Government Procurement:


The policy aimed to provide startups with market access and
opportunities to showcase their products and services. It proposed
preferential treatment for startups in government procurement, allowing
them to participate in tenders and contracts. By opening up government
procurement to startups, the policy aimed to create a level playing field
and provide them with avenues for business growth. The policy also
encouraged the creation of platforms, exhibitions, and trade fairs where
startups could exhibit their offerings and connect with potential
customers and investors.

Networking and Mentoring:


Recognizing the value of networking and mentorship for startups, the
policy aimed to facilitate interactions between startups, industry experts,
and successful entrepreneurs. It proposed organising networking events,
startup conclaves, and investor pitching sessions to provide startups with
exposure and opportunities for collaboration. The policy also encouraged
experienced entrepreneurs and professionals to act as mentors and
advisors to startups, guiding them in their growth journey. This mentoring
and networking support aimed to provide startups with valuable insights,
guidance, and connections, contributing to their overall success.

Overall, the Jharkhand Startup Policy 2016 aimed to create a supportive


ecosystem for startups in the state. By providing infrastructure, funding
support, skill development programs, regulatory reforms, market access,
and networking opportunities, the policy sought to foster innovation,
entrepreneurial spirit, and economic growth. The policy recognized the
potential of startups as drivers of employment generation, technological
advancements, and overall development. Through its comprehensive
approach, the policy aimed to position Jharkhand as a favourable
destination for startups and contribute to the state's progress.
Aqualine Bhungroo (Selected Startup)

About the Startup:

"Aqualine Bhungru" a Government of Jharkhand Registered Concern &


Government of India Recognition Under "NITI Aayog", Ministry of Micro,
Small & Medium Enterprises (MSME) deals in geo hydrology based
unique scientific technology for storing rain water into subsurface zone of
earth for augmentation of groundwater & return it back in lean periods for
Domestic, Agricultural & Industrial Uses. For Its uniqueness Jharkhand
Government has chosen it under Jharkhand Innovative Forum & Govt. of
India in NITI Aayog. The word "Aquiline Bhungroo" is derived from
Bhungru Mahadev or Bhungru Devta, an ancient God of Adivasis.
Bhungru Mahadev is another name of Lord 'Shiva'. According to Hindu
Mythology, Goddess river Ganga originates from matted hair of Lord
Shiva' and flows through the Indo-Gangetic plain of India to the bay of
Bengal. Pure and holy water of river Ganga brings prosperity to millions
of Indians who live along its course and depends on it for their daily
need. In the same way, fresh, clear and light water from "Aqualine
Bhungroo" also brings prosperity to people living in its surroundings. It is
well tested environment friendly disaster alleviation technology that
purifies, injects and reserves rain water or excess farm water or storm
water below the surface of earth for lean period uses. "This technology
helps in disaster mitigation" "It guaranties irrigation, as it ensures
adequate water for irrigation during lean periods" "Aqualine Bhungru"
requires minimum 6 feet x 6 feet surface area to percolate excess rain
water into suitable subsoil strata of earth to preserve rain water with help
of 4 to 10 inch diameter pipes. Each unit of this technology ensures an
adequate amount of water during lean periods for domestic, agricultural
and industrial uses, starting from one to five million litres of water each
year depending upon the Geological condition of the particular place.
This technology provides two dimensional support to farmers, first,
ensure more water for standing crops in summer, second, de-flood the
farmland during monsoon.

Freshwater accounts for only 2.5% of total earth's water. Of this fresh
water, 68.9% is in the form of ice and permanent snow cover in the
Arctic, the Antarctic, and mountain glaciers. 30.8% is in the form of fresh
groundwater. Only 0.3% of the freshwater on Earth is in easily
accessible lakes, reservoirs and river systems. The dependence on
ground water as a reliable source for meeting the requirements for
irrigation, drinking and industrial uses has been rising rapidly during the
last few decades in India. Ground water development has occupied an
important place in the Indian economy because of its role in stabilising
agriculture and as a means for drought management. The rapid
urbanisation and deforestation have considerably reduced the
groundwater recharge in many parts of the world. The reduction in
groundwater recharge and over exploitation of groundwater due to
increasing demands, the groundwater table has been depleted into
critical stages in many parts of the world. Over- dependence on ground
water resources results in declining of ground water levels and acute
scarcity of the resource, shortage in water supply, intrusion of saline
water in coastal areas. For example, the groundwater table in some
parts of Delhi has been depleted by 20 to 30 metres in a span of 60
years. Same is the condition in other major cities in India and other parts
of the world.

"Aqualine Bhungroo" plays A very significant role for augmentation of


ground water level in particular area, as each unit of Bhungroo preserves
the amount of rain water that can provide irrigation water for 15-20 acres
of farm land for 3-6 months, provided that the area should have the
annual rainfall in between 500 mm to 2100 mm. Delayed or insufficient
rain as well as critical groundwater conditions many times results in
Hugh crop failures with big financial losses to farmers and these
situations several times compel farmers either to commit suicide or to
migrateo cities and towns as a daily laborers. "Aqualine Bhungru" helps
enormously in reducing migration and suicides of farmers.

"Aqualine Bhungroo" delivers services in waterlogged areas, drought


prone areas as well as in areas affected by erratic rainfall. It also works
in salt affected soils as well as seasonally eroded soil."Aqualine
Bhungroo"can work in those areas where annual rainfall is between 500
-2100 mm. It is a tailor made solution based upon different geophysical
conditions of a particular area."Aqualine Bhungroo"needs a minimum 5-6
inch of water height at its suction level to function appropriately."Aqualine
Bhungroo" provides maximum storage of water where subsoil formation
is permeable and hungry within a depth of 125 metres. Around 6.5
million hectares of land in India are affected by salinity and seasonal
water-logging and 5 millions of small and marginal farmers are adversely
affected due to that."Aqualine Bhungroo" not only provides relief from
seasonal water- logging, but also provides the same stored water back
for lean periods. Multiple Bhungru can work wonders in flood situations.

Aqualine Bhungru, a prominent startup based in Ranchi, Jharkhand,


India, stands at the forefront of rainwater harvesting and conservation
initiatives. The company addresses the critical issue of water scarcity, a
pressing challenge in many regions of India, by developing and
implementing innovative solutions.

Core Focus on Sustainable Water Management:

Rainwater Harvesting Expertise: Aqualine Bhungroo specialises in the


design, installation, and maintenance of comprehensive rainwater
harvesting systems for diverse applications:

● Domestic use in homes and residential communities


● Agricultural irrigation to bolster crop growth and agricultural
productivity
● Industrial processes requiring a reliable and sustainable water
source

Contributing to Environmental Sustainability:

Aqualine Bhungru's commitment to rainwater harvesting yields


significant environmental benefits:

● Elevated Groundwater Levels: Captured rainwater replenishes


crucial groundwater reserves, a vital water source for many
regions.
● Reduced Water Scarcity: Rainwater harvesting systems provide
an alternative water source, particularly during dry seasons or
periods of low rainfall, fostering water security.
● Sustainable Water Management Practices: Aqualine Bhungru's
solutions promote responsible water use and long-term water
management strategies.

Aqualine Bhungroo plays a pivotal role in water conservation efforts


within Jharkhand by focusing on rainwater harvesting. Their work
contributes significantly to a more sustainable water future for the state
and serves as an inspiration for other startups seeking to address
environmental challenges.

Address and contact informations:

Address: Flat No. 6/A, A Block, Jayshree Green City, Pundag Road;
Near Old Argora Chowk, Ranchi, Jharkhand - 834002 (INDIA)

Phone: +91 87091 67691, + 91 82940 86329, +91 - 7549197534

Mail: aqualinebhungru@gmail.com; teamaqualinebhungru@gmail.com,


bhungruaqualine@gmail.com
Photos:
Objectives of the Study/Survey

Analysis of the Jharkhand Startup policy of 2016:

The Jharkhand Startup Policy of 2016 stands as a strategic initiative


designed to foster a vibrant startup ecosystem within the state. Let's
delve into its key aspects, potential benefits, and areas for improvement.

Strengths of the Policy:

Financial Support: The policy offers financial assistance through


grants, tax breaks, and subsidies, mitigating the initial financial burden
often faced by startups.

Infrastructure Development: The policy encourages the creation of


incubation centres and co-working spaces, providing startups with
subsidised workspaces, essential resources, and networking
opportunities.

Regulatory Reforms: The policy aims to streamline regulations and


simplify the process of obtaining licences and permits, saving startups
time and resources.

Focus on Innovation: The policy encourages innovation across various


sectors by providing incentives for startups developing new technologies
and solutions.

Potential for Job Creation: As startups grow, they have the potential to
create new job opportunities, contributing to economic development in
Jharkhand.

Potential Challenges and Areas for Improvement:

Long-Term Sustainability: While initial financial assistance is valuable,


the policy could benefit from incorporating mechanisms that encourage
startups to develop long-term financial self-sufficiency. This could involve
access to venture capital, angel investors, or loan guarantee schemes.
Outreach and Inclusivity:Reaching out to potential entrepreneurs in
remote areas and underrepresented communities is crucial to ensure the
policy benefits a wider range of individuals. Targeted outreach programs
and workshops can bridge this gap and foster more inclusive
participation.

Data-Driven Evaluation: A robust system for collecting data on key


metrics like the number of startups established, jobs created, and
economic growth is essential for evaluating the policy's effectiveness
and making informed adjustments.

Focus on Collaboration: Encouraging collaboration between startups,


research institutions, and established industries can accelerate
innovation and knowledge sharing. This can be facilitated through
networking events and mentorship programs.

Skilled Workforce Development: Investing in initiatives that develop a


skilled workforce aligned with the needs of the evolving startup
ecosystem will ensure a readily available talent pool for startups to
thrive.

Analysing the Policy's Impact:

Increased Startup Activity: The policy has likely contributed to an


increase in the number of startups being established in Jharkhand.
However, data on the exact number and success rates might be limited.

Innovation and Job Creation: Startups supported by the policy are


likely creating new jobs and contributing to technological advancements
within the state. Quantifiable data on job creation would strengthen this
analysis.

Economic Diversification: Startups focusing on innovative sectors can


contribute to a more diversified and resilient economic landscape for
Jharkhand. This impact can be further analysed by studying the growth
of new sectors compared to traditional industries.
Overall Assessment:

The Jharkhand Startup Policy of 2016 offers a strong foundation for


fostering a thriving startup ecosystem within the state. By addressing the
identified challenges and implementing the suggested improvements,
the policy can become even more effective in stimulating innovation, job
creation, and sustainable economic development in Jharkhand.

Further Considerations:

Comparison with Other State Policies: Analysing how the Jharkhand


Startup Policy compares to policies in other Indian states can provide
valuable insights into potential areas for improvement and best
practices.

Focus on Emerging Sectors: Tailoring specific support mechanisms to


target not only traditional industries, but also high-growth sectors like
renewable energy, artificial intelligence, and biotechnology, can further
enhance the policy's impact.

By conducting a comprehensive analysis that considers both the


strengths and weaknesses of the policy, its potential impact on the
state's economic development can be thoroughly evaluated. This
analysis can inform future policy refinements and ensure the Jharkhand
Startup Policy continues to be a driving force for innovation and progress
in the state.

The Jharkhand Startup Policy of 2016 aimed to ignite innovation and


entrepreneurial activity within the state. This research study proposes a
rigorous evaluation of the policy's effectiveness in cultivating a vibrant
startup ecosystem. We will dissect the policy framework, assess its
impact on startups, and explore the role of the national Startup India
initiative in bolstering Jharkhand's entrepreneurial aspirations.
Positive Outcomes:

The Jharkhand Startup Policy of 2016 (Jharkhand Startup Policy) stands


as a significant initiative aimed at fostering a vibrant startup ecosystem
within the state. While a comprehensive evaluation necessitates access
to detailed data, several potential positive outcomes have emerged:

Stimulated Startup Activity:

The Jharkhand Startup Policy offered a bouquet of financial incentives,


including grants through the Jharkhand Venture Capital Fund (JVCF)
and one-time marketing grants. Additionally, the policy streamlined
application processes. This combination of financial support and
simplified procedures likely served as a catalyst for aspiring
entrepreneurs, potentially leading to a measurable increase in the
number of startups registered in Jharkhand since 2016.

Enhanced Innovation and Technological Advancement:

By providing critical resources and support systems like dedicated


incubation space and access to government facilities for research and
development, the Jharkhand Startup Policy may have nurtured a culture
of innovation. This supportive environment could have spurred the
development of new technologies and solutions addressing local
challenges or offering broader applications across various sectors.

Economic Growth and Diversification:

A flourishing startup ecosystem can have a profound impact on a state's


economic well-being. Successful startups often translate to:

● Job Creation: As startups grow, they hire new personnel,


fostering employment opportunities and boosting the local
economy.
● Economic Diversification: Startups often focus on innovative
sectors beyond traditional industries, leading to a more diversified
economic landscape for Jharkhand.
● Increased Revenue Generation: Profitable startups contribute to
the state's Gross Domestic Product (GDP), signifying economic
growth.
Improved Infrastructure and Streamlined Processes:

The Jharkhand Startup Policy's emphasis on dedicated incubation space


provided crucial infrastructure for nascent startups during their initial,
resource-constrained stages. This infrastructure likely included office
space, access to technology, and potentially mentorship programs.
Additionally, regulatory reforms like single window clearance could have
significantly reduced bureaucratic hurdles and expedited the approval
process for startups, saving valuable time and resources.

Measurable Success Stories:

A definitive assessment of the Jharkhand Startup Policy's impact


requires data analysis of metrics such as startup creation rates, job
creation figures, and investment activity within the Jharkhand startup
ecosystem. However, anecdotal evidence of successful startups
emerging from Jharkhand and addressing local challenges or offering
innovative solutions in various sectors can serve as preliminary
indicators of the policy's effectiveness.

However, the Jharkhand Startup Policy of 2016 presented a


comprehensive framework designed to cultivate a supportive
environment for startups within the state. By offering financial
assistance, infrastructure development, and streamlined processes, the
policy has the potential to yield significant positive outcomes for
Jharkhand's entrepreneurial landscape and contribute to the state's
long-term economic growth and diversification.
Challenges faced by the Startup:

The Jharkhand Startup Policy of 2016 (Jharkhand Startup Policy)


represents a commendable initiative aimed at stimulating a vibrant
startup ecosystem within the state. However, a comprehensive analysis
reveals potential shortcomings that could impede its effectiveness in
achieving its stated goals.

Resource Constraints and Implementation Hurdles:

● Limited Funding:The policy's financial assistance programs, while


valuable, might be restricted by the overall funding pool. This could
limit the policy's reach and impact, particularly for startups with
substantial capital requirements.
● Bureaucratic Bottlenecks: Despite streamlining efforts, remnants
of bureaucratic red tape might continue to pose challenges for
startups. Delays in approvals or convoluted eligibility criteria could
discourage potential entrepreneurs from participating.

Awareness and Infrastructure Gaps:

● Outreach Deficiencies: Entrepreneurs, particularly in remote


areas, might lack awareness of the policy's benefits and
application procedures. Limited outreach efforts could hinder the
policy's ability to attract a diverse range of startups.
● Human Capital Constraints: Building a successful startup often
requires a skilled workforce. Jharkhand might face challenges in
providing a readily available talent pool with the necessary
expertise across various sectors targeted by startups.
● Uneven Infrastructure Development: While the policy
emphasises incubation space, the availability of high-speed
internet connectivity, reliable power supply, and other essential
infrastructure across the state could be uneven. This could restrict
the policy's positive impact to specific geographical areas.
Evaluation and Support System Shortcomings:

● Monitoring and Evaluation Needs: A robust system for


monitoring and evaluating the policy's effectiveness might be
lacking. Without clear metrics and regular assessments, it's
difficult to identify areas for improvement and ensure the policy
adapts to the evolving startup ecosystem.
● Collaboration and Mentorship Gap:The policy might not
adequately address the need for collaboration and mentorship
opportunities for startups. Connecting them with experienced
entrepreneurs and investors could be crucial for their growth and
success.

Policy Design and Sustainability Considerations:

● Focus on Established Industries: If the policy primarily focuses


on established industries within Jharkhand, it might miss
opportunities to support disruptive innovation and startups catering
to emerging sectors.
● Transparency and Data Accessibility: Limited access to data on
applications received, approvals granted, and funding disbursed
hinders a clear understanding of the policy's utilisation and impact.
● Sustainability Concerns: The long-term sustainability of the
policy's financial incentives needs to be addressed. Over-reliance
on government grants might not encourage a culture of
self-sufficiency among startups.

However, the Jharkhand Startup Policy holds significant promise, but


addressing these challenges is paramount for its successful
implementation and long-term impact. A multifaceted approach involving
improved funding mechanisms, streamlined processes, enhanced
outreach, and a focus on building a robust support ecosystem for
startups can maximise the policy's effectiveness in fostering a thriving
entrepreneurial landscape in Jharkhand. By acknowledging these
challenges and implementing strategic solutions, Jharkhand can
leverage the Jharkhand Startup Policy to its full potential and unlock a
new era of innovation and economic growth within the state.
The Role of Startup in India:

The Jharkhand Startup Policy of 2016 plays a pivotal role within the
dynamic Indian startup ecosystem, functioning on two key levels:

Fueling Jharkhand's Entrepreneurial Landscape:

Targeted Support: This policy offers a customised approach. Financial


assistance (grants, tax breaks), infrastructure development (incubation
centres), and streamlined regulations are specifically designed to nurture
startups within Jharkhand. This creates a fertile ground for
entrepreneurship and fosters a vibrant innovation hub within the state.

Stimulating Innovation: By providing essential resources and support


systems, the policy aims to ignite innovation. This encourages the
development of new technologies and solutions that address local
challenges or have broader applications across India. Jharkhand-born
startups can potentially tackle regional issues while also contributing to
advancements with national relevance.

Economic Catalyst: A flourishing startup ecosystem in Jharkhand acts


as a catalyst for the state's economic well-being. This translates into:

● Job Creation: Growing startups create new employment


opportunities, boosting the local workforce and fostering economic
development.
● Economic Diversification: Startups often focus on innovative
sectors beyond traditional industries, leading to a more diversified
economic landscape, reducing dependence on established sectors
and promoting long-term growth.
● Revenue Generation: Profitable startups contribute to
Jharkhand's Gross Domestic Product (GDP), signifying economic
growth and increased prosperity for the state.

Complementing the National Startup India Initiative:

Aligned Goals: The Jharkhand policy strategically aligns with Startup


India's national goals of fostering a supportive environment for startups
across India. Jharkhand's policy complements this by focusing on
regional development and catering to the specific needs of its
entrepreneurs, ensuring a comprehensive approach to national startup
development.

Leveraging National Resources: The Jharkhand policy can


strategically leverage specific benefits or resources offered by Startup
India. This could include tax exemptions or access to a wider network of
investors and mentors available through the national initiative. This
collaboration aims to maximise the support available to Jharkhand's
startups, fostering their growth and success.

Collaboration for a Stronger Ecosystem: Both initiatives have the


potential to work together to share best practices, resources, and
knowledge. This collaboration can lead to a more robust national
ecosystem that benefits startups across India, including those in
Jharkhand. By fostering knowledge exchange and collaboration, both
initiatives can contribute to a stronger national startup landscape.

In essence, the Jharkhand Startup Policy acts as a regional growth


engine that complements the national Startup India initiative. By
fostering innovation and entrepreneurship within Jharkhand, the policy
contributes to the state's economic development while strengthening the
overall Indian startup landscape.
Hypothesis:
The Jharkhand Startup policy can significantly contribute to the
development of the state.

The Jharkhand Startup Policy of 2016 (Jharkhand Startup Policy) stands


as a strategic initiative designed to propel sustainable development
within the state. By nurturing a vibrant startup ecosystem, the policy
offers a compelling path towards unlocking substantial economic and
social benefits for Jharkhand.

Empowering Innovation and Entrepreneurship:

The Jharkhand Startup Policy takes a multifaceted approach to cultivate


a thriving environment for startups. It provides financial assistance,
dedicated infrastructure such as incubation centres, and streamlined
regulations. This comprehensive approach fosters an environment
where new ideas and technologies can flourish. These innovations can
potentially address pressing local challenges or hold promise for wider
applications across India.

Engine for Economic Growth:

A robust startup ecosystem translates to tangible economic benefits for


Jharkhand. Here's how:

● Job Creation: As startups grow, they create new employment


opportunities, stimulating the local workforce and overall economic
activity.
● Economic Diversification: Startups often focus on innovative
sectors beyond traditional industries. This diversification reduces
dependence on established sectors, fostering long-term economic
growth and resilience.
● Revenue Generation: Profitable startups directly contribute to
Jharkhand's Gross Domestic Product (GDP), signifying economic
prosperity.
Attracting Investment and Talent:

A flourishing startup ecosystem becomes a magnet for investors seeking


promising ventures. This inflow of capital fuels further growth and
innovation. Additionally, successful startups can attract skilled talent,
creating a virtuous cycle that strengthens the state's entrepreneurial
landscape.

Social and Infrastructural Development:

The innovative solutions developed by startups can address critical


social challenges in areas like healthcare, education, and agriculture.
Furthermore, successful startups can contribute to improved
infrastructure within the state, leading to a higher quality of life for its
citizens.

Ensuring Long-Term Success:

While the framework of the Jharkhand Startup Policy is robust, certain


challenges need to be addressed to ensure its long-term effectiveness:

● Resource Sustainability: Securing adequate and consistent


funding, along with infrastructure development, is crucial to support
a growing number of startups.
● Streamlined Bureaucracy: Simplifying application processes and
minimising red tape can significantly increase participation and
enhance the policy's accessibility.
● Outreach and Inclusivity: Reaching out to potential
entrepreneurs, particularly in remote areas, is essential to ensure
the policy benefits a diverse range of individuals.
● Building Entrepreneurial Resilience: Encouraging a culture of
self-sufficiency alongside initial support can foster long-term
success and a sustainable startup ecosystem.
Overall, the Jharkhand Startup Policy presents a well-defined roadmap
for fostering a dynamic and innovative entrepreneurial landscape within
the state. By proactively addressing the existing challenges and ensuring
the policy's sustainable implementation, Jharkhand can unlock a new
era of economic growth, social progress, and a brighter future for its
citizens.
Method of Collection Data:

Primary Data: It is collected by interviews using a structured


questionnaire.

AQUALINE BHUNGROO

Questionnaires

1) What motivated you to develop the Aqualine Bhungroo


Technique? Was there any specific challenge or observation that
led to its creation? एक्वालाइन भग ंु रु तकनीक को विकसित करने के लिए
आपको क्या प्रेरित किया? क्या कोई विशिष्ट चनु ौती या अवलोकन था जिसके कारण
इसका निर्माण हुआ?

Ans- The motivation behind the development of the Aqualine Bhungroo


technique was to address the challenges of waterlogging and water
scarcity in agricultural lands. In many regions, especially in flood-prone
areas, excess water during the monsoon season leads to waterlogging,
which affects crop growth and productivity. At the same time, during dry
spells or droughts, farmers face water scarcity, making it difficult to
sustain agricultural activities.

Aqualine Bhungroo technique observed the need for an innovative and


sustainable solution that could effectively manage water resources in
such areas. By combining groundwater recharge and rainwater
harvesting, the technique aimed to provide farmers with a reliable and
sustainable water source for irrigation. The development of this
technique aimed to improve agricultural productivity, mitigate the impact
of waterlogging, and ensure the availability of water during periods of
scarcity.

The specific challenges and observations that led to the creation of the
Aqualine Bhungroo technique may have been influenced by local
conditions, regional water management issues, and the desire to find a
solution that is cost-effective, environmentally friendly, and suitable for
the agricultural context.
2) What type of problems or challenges your startup is trying to
address? आपका स्टार्टअप किस तरह की समस्याओं या चन
ु ौतियों का समाधान
करने की कोशिश कर रहा है ?

Ans- Aqualine Bhungroo is likely to focus on solving water conservation


problems. They might be developing innovative techniques to address
issues like water scarcity, inefficient irrigation practices, or ensuring
equitable access to clean water.

3) What is the estimated cost of implementing this technique per


unit area or population served? प्रति इकाई क्षेत्र या जनसंख्या परोसी गई इस
तकनीक को लागू करने की अनमु ानित लागत क्या है ?

Ans- The estimated cost of implementing this Aqualine Bhungroo


technique per unit area is 5 - 7 lakhs which has capability to provide
domestic use of water for the larger population in the society as well as
capable of providing water for irrigation purposes even in drought
situations.

4) Are there any regulatory or policy hurdles you face in


implementing Aqualine Bhungroo? क्या एक्वालाइन भग ंु रु को लागू करने में
आपको कोई नियामकीय या नीतिगत बाधाओं का सामना करना पड़ता है ?

Ans- Yes, there are some specific regulations and policy hurdles we
have faced in implementing this technique such as environmental
regulations, waters rights, disagreement among the people etc.The
specific hurdles can vary depending on the region and context of
implementation. For these types of situations, It is important to consult
with local authorities, experts, and stakeholders to understand and
address any regulatory or policy requirements for successful
implementation.

5) Are you open to collaborating with government agencies on


water conservation initiatives and knowledge sharing? क्या आप जल
संरक्षण पहल और ज्ञान साझा करने पर सरकारी एजेंसियों के साथ सहयोग करने के
लिए खल ु े हैं?
Ans- Yes, we are open to collaborating with government agencies on
water conservation initiatives and knowledge sharing because if we
collaborate with government agencies then we will get recognition from
the government through which we can address water scarcity in society
and ultimately we can boost our Aqualine Bhungroo technique.

Government partnerships could provide them with valuable resources


like funding or access to pilot programs, while Aqualine Bhungroo could
share their expertise and contribute to larger water conservation
initiatives. This knowledge sharing would be mutually beneficial for both
parties in their shared goal of preserving water resources.

6) How will you ensure that your startup does not have any
negative impacts on the environment or deplete groundwater
resources in the long run? आप यह कैसे सनि ु श्चित करें गे कि आपके स्टार्टअप
का पर्यावरण पर कोई नकारात्मक प्रभाव न पड़े या लंबे समय में भज ू ल संसाधनों में
कमी न हो?

Ans- To ensure that the Aqualine Bhungroo technique does not have
negative impacts on the environment or deplete groundwater resources
in the long run, several measures can be taken. First, a thorough
environmental impact assessment should be conducted to evaluate
potential risks and develop mitigation strategies. Sustainable design
principles should be incorporated to minimise resource consumption and
environmental footprint. Compliance with relevant regulations and
standards is crucial to ensure responsible operations. Monitoring
systems should be implemented to track the performance and
environmental impact, enabling timely adjustments. Stakeholder
engagement and community involvement can help address concerns
and incorporate local perspectives. Continuous research and
development should focus on improving efficiency and promoting
sustainable water management practices. By implementing these
measures, the startup can aim to minimise negative impacts and
contribute to long-term environmental sustainability.

7) How can the government or other stakeholders support your


startup's growth and impact? सरकार या अन्य हितधारक आपके स्टार्टअप
के विकास और प्रभाव का समर्थन कैसे कर सकते हैं?
Ans- The government and other stakeholders can provide crucial
support to the growth and impact of Aqualine Bhungroo startup in
several ways:

Funding and Grants: Governments often provide funding opportunities


and grants for startups focused on sustainable technologies and water
management. Access to such financial support can help Aqualine
Bhungroo secure the necessary resources for research, development,
and scaling their solution.

Regulatory Support: Governments can streamline regulatory processes


and provide a supportive policy environment for water management
innovations. This includes simplifying permitting procedures, establishing
clear guidelines for implementation, and creating incentives for the
adoption of sustainable technologies like Aqualine Bhungroo.

Collaborative Partnerships: Partnerships between the startup and


government agencies can facilitate knowledge sharing, data access, and
collaborative research efforts. This collaboration can enhance the
effectiveness and impact of Aqualine Bhungroo by leveraging
governmental expertise, resources, and infrastructure.

Pilot Projects and Testbeds: Governments can provide opportunities for


Aqualine Bhungroo to pilot their technology in real-world scenarios or
designated testbeds. This allows for validation, performance
optimization, and gathering of data to demonstrate the effectiveness and
benefits of the solution.

Awareness and Adoption: Governments can support awareness


campaigns and educational initiatives to promote the adoption of
sustainable water management practices. By highlighting the benefits
and impact of technologies like Aqualine Bhungroo, stakeholders can be
encouraged to embrace these solutions, leading to broader
implementation and positive environmental outcomes.

Government support, along with collaboration from other stakeholders


such as research institutions, NGOs, and industry associations, can
significantly contribute to the growth and impact of Aqualine Bhungroo
startup. These supportive measures can accelerate the adoption of the
technology, address potential barriers, and create an enabling
environment for sustainable water management solutions.

8) What kind of contributions are given by the Startup India


Initiative to your startup? स्स्टार्टअप इंडिया इनिशिएटिव द्वारा आपके
स्टार्टअप को किस तरह का योगदान दिया है ?

Ans- Specific contributions or benefits provided by the Startup India


initiative to individual startups. However, the Startup India initiative,
launched by the Government of India, aims to foster entrepreneurship
and support startups in the country. The initiative offers various benefits
and support measures, which could potentially be availed by startups
including:

Simplified Compliance: Startup India provides simplified regulatory and


compliance processes, making it easier for startups to establish and
operate their businesses.

Startup India Certificate: Startups can obtain a Startup India Certificate,


which provides recognition and benefits such as access to various
government schemes, tax exemptions, and intellectual property
assistance.

Access to Funding: The initiative facilitates access to funding through


various channels such as the Fund of Funds for Startups (FFS) and
credit guarantee schemes. Startups can also connect with angel
investors, venture capitalists, and incubators through the Startup India
platform.

Incubation and Mentorship Support: Startup India supports incubators


and accelerators, which can provide startups with mentorship,
infrastructure, and networking opportunities.

Networking and Collaboration: The initiative organises various events,


summits, and networking platforms to connect startups with industry
experts, investors, and potential partners.

It is important to note that the specific benefits and contributions


provided by the Startup India initiative may vary depending on the
eligibility criteria, sector, and stage of the startup.
9) What is the role of incubators and mentors in your startup? आपके
स्टार्टअप में इनक्यब
ू ेटरों और सलाहकारों की भमि
ू का क्या है ?

Ans- Incubators and mentors play valuable roles in supporting startups


like Aqualine Bhungroo. Here's how they can contribute:

Incubators: Incubators provide a supportive ecosystem for startups,


offering resources, infrastructure, and guidance during the early stages
of development. They offer workspace, access to networks, and
connections to potential investors. Incubators can help Aqualine
Bhungroo by providing a conducive environment for research and
development, facilitating collaboration, and offering business
development support.

Mentors: Mentors bring industry experience and expertise to guide


startups through various challenges. They provide valuable insights,
advice, and feedback based on their own entrepreneurial journeys.
Mentors can assist Aqualine Bhungroo by sharing knowledge about the
water management sector, helping refine business strategies, identifying
potential opportunities and risks, and offering guidance on scaling the
technology.

Both incubators and mentors can contribute to the growth and success
of Aqualine Bhungroo by providing guidance, access to networks, and
expertise that can help navigate the complexities of starting and running
a business. They can provide valuable support in areas such as
technology development, market validation, funding, and networking,
ultimately increasing the chances of the startup's success.

10) What is the current number of employees working for your


startup in Jharkhand? झारखंड में आपके स्टार्टअप के लिए काम कर रहे
कर्मचारियों की वर्तमान संख्या क्या है ?

(A) 5-20 (B) 20- 40

(C) 40-80 (D) More than 80

Ans- (B) 20- 40


11) What percentage of your funding comes from individual
investors? आपकी फंडिंग का कितना प्रतिशत व्यक्तिगत निवेशकों से आता है ?

(A) 0-5% (B) 5-10%

(C) 10-30% (D) 30-50%

Ans- (A) 0- 5%

12) What percentage of funding comes from government entities?


सरकारी संस्थाओं से कितना प्रतिशत धन आता है ?

(A) Less than 20% (B) 20-40%

(C) 40-60% (D) More than 60%

Ans- (D) More than 60%

13) What are the primary applications of Aqualine Bhungroo?


Aqualine Bhungroo के प्राथमिक अनप्र
ु योग क्या हैं

(A) Domestic water supply (B) Irrigation

(C) Industrial use (D) All of the above

Ans- (D) All of the above


Secondary Data: It is collected from books, articles, newspapers,
government reports and other related websites.

Website:

● https://www.startupindia.gov.in/content/sih/en/state-startup-policies
/Jharkhand-state-policy.html
● https://jharkhand.gov.in
● Jharkhand Start-Up Policy-2016
● https://aqualinebhungru.com/#about

Reports:

● https://pib.gov.in/PressReleasePage.aspx?PRID=1945152
● https://www.aapkaconsultant.com/blog/start-up-india-dpiit-registrati
on-in-jharkhand/?amp=1

Newspapers:

● https://yourstory.com/2016/04/start-up-jharkhand-50-crore
Finding and Results:
Website:

● https://www.startupindia.gov.in/content/sih/en/state-startup-policies
/Jharkhand-state-policy.html
● https://jharkhand.gov.in
● Jharkhand Start-Up Policy-2016
● https://aqualinebhungru.com/#about

Reports:

● https://pib.gov.in/PressReleasePage.aspx?PRID=1945152
● https://www.aapkaconsultant.com/blog/start-up-india-dpiit-registrati
on-in-jharkhand/?amp=1
Suggestions:
The Jharkhand Startup Policy of 2016 represents a commendable effort
to cultivate a thriving startup ecosystem within the state. However, to
maximise its effectiveness and unlock its full potential as a driver of
economic and social development, several key areas warrant
consideration for improvement:

Fostering Long-Term Entrepreneurial Sustainability:

Financial Sustainability Mechanisms: While initial grant programs are


valuable, consider incorporating mechanisms that encourage long-term
financial self-sufficiency among startups. This could involve exploring
alternative financing options such as:

● Loan Guarantee Schemes: Partial government guarantees can


incentivize banks to offer loans to promising startups with a viable
path to profitability.
● Angel Investor Networks and Venture Capital Access:
Facilitate connections between startups and potential angel
investors and venture capital firms to secure long-term funding for
growth.

Promoting Inclusivity and Widening Outreach:

Targeted Programs for Underrepresented Groups: Design and


implement targeted workshops and capacity-building initiatives
specifically aimed at empowering aspiring entrepreneurs from diverse
backgrounds, including women and individuals from remote areas. This
can help bridge the existing gaps and ensure broader participation in the
startup ecosystem.

Leveraging Technology for Inclusive Access: Utilise online platforms


and social media to effectively disseminate information about the policy's
benefits and application procedures. This can significantly improve
accessibility, particularly for those in geographically remote locations.

Streamlining Bureaucracy and Enhancing Efficiency:


Simplifying Application Processes: Review and streamline application
procedures to minimise red tape and expedite approvals. This will
enhance user-friendliness and encourage broader participation.

Establishing a Single Window Clearance System: Consider


establishing a central point of contact for all necessary clearances
required for startups. This can significantly reduce administrative
complexity and delays, allowing startups to focus on core business
activities.

Data-Driven Evaluation and Continuous Improvement:

Tracking Key Metrics: Implement a robust system for collecting and


analysing data on key metrics such as job creation, startup formation,
and economic growth. This data will be crucial for evaluating the policy's
impact and identifying areas for improvement.

Data-Driven Policy Refinement: Utilise the collected data to inform


ongoing policy refinements and ensure the policy remains aligned with
its intended goals and adapts to the evolving needs of the startup
ecosystem.

Fostering Collaboration for a Stronger Ecosystem:

Encouraging Collaboration with Established Industries: Bridge the


gap between startups and established industries by facilitating
partnerships and knowledge-sharing initiatives. This can accelerate
innovation through cross-pollination of ideas and provide startups with
access to valuable mentorship and resources.

Networking Events and Mentorship Programs: Organise networking


events and mentorship programs to connect startups with potential
collaborators and experienced mentors. This can foster a supportive
ecosystem that accelerates learning and growth for young ventures.

Additional Considerations for Long-Term Success:

Focus on Emerging Sectors: Tailor specific support mechanisms to


target not only traditional industries, but also high-growth sectors with
significant economic potential, such as renewable energy, artificial
intelligence, and biotechnology.

Skilled Workforce Development: Invest in initiatives that develop a


skilled workforce aligned with the evolving needs of the evolving startup
ecosystem. This can ensure the availability of qualified personnel to
support the growth and success of startups in Jharkhand.

By implementing these recommendations, the Jharkhand Startup Policy


can evolve into a more robust and inclusive framework. This will
empower a wider range of entrepreneurs, foster long-term sustainable
growth, and position Jharkhand as a frontrunner in India's dynamic
startup landscape.
Conclusion:
The Jharkhand Startup Policy of 2016 represents a well-conceived
initiative with the potential to propel the state's economic and social
development. By implementing the proposed refinements, particularly
those focused on long-term sustainability, outreach inclusivity, and
data-driven evaluation, Jharkhand can cultivate a thriving startup
ecosystem that empowers its citizens and ushers in a new era of
sustainable growth for the state. The ongoing success of the policy will
depend on its ability to adapt, improve, and foster a culture of innovation
and entrepreneurship that empowers Jharkhand's youth to become the
driving force behind the state's future.

While Aqualine Bhungru's specific objectives are unknown, their focus


on rainwater harvesting solutions aligns strategically with the core goals
of the Jharkhand Startup Policy 2016. Their work contributes to
environmental sustainability, addresses a local challenge, and has the
potential to create a positive impact on the state's economic
development.

The Jharkhand Startup Policy represents a significant step forward, but


its long-term success hinges on its ability to adapt and evolve. By
addressing the identified challenges and implementing the suggested
improvements, Jharkhand can unlock the policy's full potential. Here's a
future-oriented vision of what the policy can achieve: A Hub of
Innovation: Jharkhand can become a recognized hub for innovation,
attracting not only local talent but also entrepreneurs from across India.
Economic Powerhouse: A thriving startup ecosystem can translate into
significant economic growth for the state, with increased revenue
generation and job creation.Social Progress: Startups with a focus on
social impact can address critical challenges in areas like healthcare,
education, and agriculture, leading to a higher quality of life for
Jharkhand's citizens.

The Jharkhand Startup Policy serves as a catalyst for progress. By


embracing continuous improvement and fostering a culture of innovation
and entrepreneurship, Jharkhand can leverage the policy's strengths to
propel the state towards a brighter and more prosperous future.

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