New Delhi: Prime Minister Narendra Modi, while addressing at the ‘Start-up India, Standup India’ event on Saturday, said patent fees for start-ups will be cut by 80 percent to support and protect intellectual property rights of new entrepreneurs.
Patent fee for start-ups will be reduced by 80 percent. India’s future lies in innovation and creativity. Newcomers should get equal opportunities,
He also said start-ups will be helped through facilitation centres by lawyers to file patents without any charges. Delays in patent approvals, he added, need to be reduced.
Talking about intellectual property rights (IPR) Modi rued that India was lagging behind in IPR.
“We have enough youth property (YP), but we don’t have enough intellectual property (IP),” he said.
Recently celebrities have been ready to invest in valuable startups. India has become one of the fastest growing startup ecosystems in the world, hence many celebrities seem to have growing business interests.
Here is the list of top 10 celebrities which are funding some major startups.
The actor decided to invest $250,000 in a startup based in Singapore, in 2015. Ziddu, a cloud service provider, was founded by Venkata Srinivas Meenavalli. It is run by Meridian Tech, and also offers free file hosting for documents, pictures, video, and audio.
2. Grouphomebuyers.com funded by Shilpa Shetty
A site which has a listing of new and upcoming residential projects from top cities. Shilpa Shetty is the co-founder of this website which has helped 200 families get properties at discounted prices.
3. Pulse funded by Chetan Bhagat
This new age photo-sharing mobile app was founded by Karthik Vaidyanath and Prakhar Khanduja. This app has a combo of articles and user-generated content. It is a bit like Snapchat, but one major difference is that you cannot take screenshots of this one. Many prominent people have participated in its funding, one name is Chetan Bhagat.
4. Healthians funded by Yuvraj Singh
One of the many startups that Singh has invested in, is Healthians. It is a home service health test platform that operated in NCR. It is now launched in Mumbai and Bangalore too.
5. Qyuki funded by A.R. Rahman and Shekhar Kapur
They both joined hands in 2012 to launch a social media platform. Qyuki aims to engage Indian youth to new media content. It was built on Cisco’s cloud infrastructure and had received an investment from it too.
All of us know about Being Human. However, what we don’t know is that Salman Khan has a 5% stake in Yatra.com. He is also the brand ambassador for the company.
7. HealthEminds funded by Robin Uthappa
It was in March 2016 that Uthappa invested an undisclosed amount in HeathEMinds. The startup aims at helping people to deal with mental stress and depression. It was started in 2013, the startup offers video counselling without disclosing the identity of the caller.
8. Muvizz funded by Manoj Bajpayee
Muvizz was founded by Bajpayee’s friends Abhayanand Singh and Piyush Singh. This startup offers cult, classic and independent films to lovers of cinema around the world. It is a Video-On-Demand platform.
9. GOQii funded by Madhuri Dixit
This startup designs wearable fitness bands, it also provides fitness training. Madhuri started out as an investor with GOQii founded by Vishal Gondal. Dr. Sriram Nene, Dixit’s husband, is the CMO of the company.
10. Indi funded by Anil Kapoor
It is video social network founded by Neel Grover which was launched in 2012. Kapoor invested an undisclosed amount in the startup.