"One of the measures pertaining to taxation announced by the Finance Minister Nirmala Sitharaman as part of the several measures to boost the economy was the withdrawal of 'Angel Tax' provisions for Start-ups
and their investors," it added.
will compete in the third largest pitch fund, the GITEX Supernova Challenge with a total cash prize of $200,000.
The participation of these start-up
companies will feature the Philippine start-up
community's potential in the international market, and provide them with global exposure and opportunities on partnerships, mentorship and investments.
The packages, which will save start-ups
up to Dh3.5 million of non-dilutive capital, are designed to help firms invest their available capital on growing their businesses and attracting high-quality engineers.
'We have earmarked a few start-ups
over the past few months and now as a team, we are actually trying to do a lot more research into them."
She expressed that incubators are the support system of start-ups
by giving them a place to work.
* The creation of a special 100 Arab Start-Ups
concierge service to help start-ups
navigate and benefit from the local Bahrain ecosystem;
"StartUp Bahrain Week 2019 was a real community effort, packed full of inspirational events for entrepreneurs and investors that will encourage innovation and growth in the start-up
ecosystem - not just here but across the region," she added.
We will have to decide which start-ups
are real start-ups
and how they can be exempted from Section 56(2) of Income Tax Act," Central Board of Direct Taxes chairman Sushil Chandra said.
Chair, Sohn Tae-seung, said that the firm would increase its investments in start-ups
in order to expand innovation in South Korea.
Instead, they take or demand a majority stake in the start-up
that turns the founder into an employee and discourages the new venture from accepting funds from these investors.
According to Jazz Foundation's report Digital Entrepreneurship Ecosystem in Pakistan 2017, 'One of the biggest bottlenecks in the entrepreneurial ecosystem is the lack of venture capital.' Data from this report says that out of the nearly 300 start-ups
formed every year, only around 15 (a mere five per cent) receive seed or Round A funding.