STATES’ STARTUP RANKING 2019

NAGALAND
ASPIRING LEADER
2 NAGALAND | ASPIRING LEADER
Table of
Contents

1. Overview of State Startup Ecosystem....................05

2. Snapshot of State Performance...............................07

3. Pillar Wise Assessment................................................08

3.1. Institutional Support...............................................................08

3.2. Simplifying Regulations......................................................11

3.3. Easing Public Procurement.............................................13

3.4. Incubation Support.................................................................14

3.5. Seed Funding Support.........................................................15

3.6. Venture Funding Support.................................................16

3.7. Awareness and Outreach................................................17

4 NAGALAND | ASPIRING LEADER
 OVERVIEW OF STATE
01 STARTUP ECOSYSTEM
The state of Nagaland has a well-structured startup ecosystem with specific focus on institutional
support. The state government launched a dedicated state startup policy in 2019 that aims to
establish Nagaland as a model startup leader in the North Eastern Region. Through this policy, the
state intends to create a culture of entrepreneurship as well as nurture creative and innovative
youth to further allow them to build successful startup companies that in turn leads to job creation
contributing towards building a sustainable state economy.

THE STARTUP POLICY IS

BASED AROUND FOUR BROAD PILLARS:

Developing Focus on creating Developing Proactively

a culture of sustainable human capital, by engaging with
innovation and business models creating the right industry to
entrepreneurship by helping create environment and continuously
focused on business, supply support systems identify and
rural and social chain and financial for learning, promote innovation
enterprises linkages, as well as experimentation
provide necessary and innovation from
incentives an early stage of
education

THE KEY OBJECTIVES OF THE STARTUP POLICY OF NAGALAND ARE:

• Facilitate the growth of at least 500 startups in the next five years with a focus on establishing
innovative “Made in Nagaland” products and services.
• Establish a world class state incubator in partnership with global leaders on a public private
partnership (PPP) mode and to nurture, guide and support both existing and aspiring startups to
become successful business ventures.
• Mobilise funding for investment in startups through various interventions including establishment of
fund of funds.
• Inculcate and stimulate a culture of creativity, innovation and entrepreneurship by creating the
requisite environment for learning and experimentation during all stages of education.
• Achieve creation of direct and indirect employment in private sector.

NAGALAND | ASPIRING LEADER 5

SOME OF THE KEY ASPECTS OF THE STARTUP ECOSYSTEM IN NAGALAND ARE:

SPECIAL FOCUS ON WOMEN EXEMPTION FROM INSPECTION OF

ENTREPRENEURSHIP LABOUR LAWS/ACTS
The state would make special efforts to identify The state has exempted startups with annual
women entrepreneurs in rural and urban areas. turnover not exceeding INR 25 crore in any
Necessary steps are ensured to be taken to preceding financial year from inspection of
create awareness among women entrepreneurs labour laws/acts for five years. To avail such
on various schemes sponsored by both the state exemption, the startup should work towards
and centre. In addition, 25% of the state funds are innovation development, deployment or
proposed to be allocated to promote startups by commercialisation of the product, processes or
women entrepreneurs. services driven by the technology or intellectual
property.

SETTING UP OF NAGALAND ESTABLISHMENT OF A WORLD CLASS

INNOVATION FUND (NIF) INCUBATOR
A Nagaland Innovation Fund (NIF) would be The state would establish a world class incubator
set up in partnership with leading national on Public Private Partnership (PPP) mode mode in
and international investors wherein the state Kohima/Dimapur. Additional incubators may also
would actively invest with matching capital in be setup in each district, in a phased manner, to
select Venture Capitalists (VCs) with significant support the local startup ecosystem.
potential.

6 NAGALAND | ASPIRING LEADER

 SNAPSHOT OF STATE
02 PERFORMANCE
The following representation details status of Nagaland’s implementation on each of the 7 pillars of assessment.
Data presented below is the percentile score.

25% 0% 0% 0%

Institutional Simplifying Easing Public Incubation

Support Regulations Procurement Support

Performance of the

0% 0% 25%
Best State in the
pillar

Relative Performance
of the State

Seed Funding Venture Funding Awareness

Support Support and Outreach

Nagaland has been evaluated on 7 distinct pillars which largely contribute to the growth of the startup
ecosystem in Nagaland. The representation as expressed above depicts the relative performance of Nagaland
in each of the seven pillars in comparison to the performance of the best state in that pillar.
Although efforts have been made to enhance the startup ecosystem, the initiatives undertaken towards
uplifting the startup ecosystem in Nagaland requires improvement since results have been negligible across
5 pillars. ‘Institutional Support’ and ‘Awareness and Outreach’ show great progress, and can be enhanced by
continued efforts.
Detailed analyses of this snapshot can be viewed in the subsequent section, with extensive insight into the
initiatives taken by Nagaland to uplift its startup ecosystem.

NAGALAND | ASPIRING LEADER 7

 PILLAR-WISE
03 ASSESSMENT
1. INSTITUTIONAL SUPPORT
Institutional support envisages provisions and execution of the state’s startup policy including
information on the nodal team within the state, online implementation system, registration of mentors
and their listing on the state startup portal. The states are evaluated based on the laid provisions
along with parameters of availing benefits through state intellectual property rights portal, establishing
partnerships with institutions, providing special incentives for women led startups and entrepreneurship.

KEY FACTS
The state has a well-defined startup policy with specific focus areas and an online implementation system with online
registration of startups and for them to avail incentives offered by the state government. All the incentives being offered
to startups are available on the state’s startup portal. The state’s startup policy clearly outlines the definition of a ‘startup’
wherein:
• The date of its incorporation/registration is not prior to seven years. In case an entity is engaged in the biotechnology
sector, the date of incorporation/registration should not be prior to ten years.
• Its annual turnover does not exceed INR 25 crore, for any preceding financial year.
• It is working towards innovation, development, deployment or commercialisation of products, processes or services driven
by technology or intellectual property; An entity that develops a business model based on some innovation and makes it
scalable for achieving commercial success.
• It is registered in Nagaland or employs at least 60 percent of its total qualified workforce from indigenous inhabitants of
Nagaland.
• Such an entity should not be an extension of an existing family business; or formed by splitting up or reconstruction of a
business already in existence.
All the details of their Startup Policy are available online through a dedicated portal for startups (startup.nagaland.gov.in). The
state has an online mechanism for registration of startups, resolution of queries and tracking of application status.

8 NAGALAND | ASPIRING LEADER

 KEY STRENGTHS
COMPREHENSIVE STARTUP POLICY FOCUS ON WOMEN ENTREPRENEURSHIP

• The state’s Startup Policy is very comprehensive in terms of The state provides encouragement and support to
its coverage for all the aspects of the startup ecosystem. It women entrepreneurs wherein awareness among women
has clear guidelines on the definition, registration process entrepreneurs for state and centrally sponsored schemes is
and the incentives available for startups. Further, the policy being created along with 25% funds to promote startups by
is sector agnostic. women entrepreneurs in the state.
• The key initiatives of the state’s Startup Policy include:
− Annual reimbursement of state Goods and Services STRENGTHENED INTELLECTUAL PROPERTY (IP)
Tax (GST) paid in sale of goods for a period of three
years upto a maximum of INR 5 lakh per startup per year.
SUPPORT
− 100% reimbursement of Stamp Duty/Registration Fee/
• The state has a strong system in place to provide intellectual
Conversion Fee on sale/lease deeds for first transaction.
property assistance to startups in terms of provision of
− Digital Upgradation Subsidy at 50% of capital subsidies for filing patents. The benefits offered include the
expenditure for purchase of computers, smart phones, following:
related hardware and software subject to a ceiling of INR
− 100% reimbursement of patent filing cost (including
5 lakh per startup.
filling fees, attorney fees, search fees, maintenance fees)
− Broadband Connectivity reimbursement at 50% subject with a maximum limit of INR 2 lakh for filing domestic
for a maximum period of 2 years subject to a ceiling KEY STRENGTHS patent.
of INR 2 lakh. It may include any rent being paid to an
− 100% reimbursement of patent filing cost (including
incubator.
filling fees, attorney fees, search fees, maintenance fees)
− Power Subsidy at 50% subject to a limit of INR 10 lakh for up to INR 5 lakh for filing international patent.
a period of 5 years.
− Marketing and Promotion Assistance – Reimbursement
of 50% of actual marketing and promotion costs INTERACTIVE ONLINE IMPLEMENTATION SYSTEM
(including travel) incurred by the startup in listing fees
of online and offline advertisements, in store promotions, • The state startup portal is startup.nagaland.gov.in. It is a
publishing or digital marketing materials, trade show highly interactive platform created to initiate seamless
participation, market research etc. subject to a maximum registration of startups with Government of Nagaland
of INR 5 lakh per startup.
• The startups can submit their application for registration
− 100% reimbursement of Patent Filing Cost (including by submitting all documents online. The status of the
filling fees, attorney fees, search fees, maintenance fees) application is also reflected online on a real time basis and
with a maximum limit of INR 2 lakh for filing domestic can be tracked accordingly.
patent and up to INR 5 lakh for filing international patent.
• The details of the incubators registered with the portal are
displayed in public domain
DEDICATED TEAM FOR GUIDING STARTUPS • The state’s startup portal provides online resolution of
queries as well.
• The state has a robust startup cell with dedicated teams to
provide assistance to startups.
• The Department of Industries and Commerce, Government
of Nagaland is the nodal department and a nodal officer
has been nominated at the government level and
directorate level.
• The contact details of the nodal department are made
available on the startup portal.

NAGALAND | ASPIRING LEADER 9

 WAY FORWARD
The state needs to give importance to this pillar in order to further strengthen the startup
ecosystem. The state could prioritise actions required in three categories: short, medium and
long term. Action required in each of these categories are summarised below: -

MEDIUM TERM ACTIVITIES (4-6 MONTHS)

The activities suggested in this category are important and will take relatively more time for implementation. Through dedicated efforts,
results can be achieved within four to six months. Activities suggested under this category are summarised below:

Online implementation system for startups

• The state could update its online portal for startups to include the call centre number, list of mentors registered with the portal and
making it month-to-date and year-to-date specific.

LONG TERM ACTIVITIES (7-12 MONTHS)

The activities suggested in this category will take more time for implementation. Activities suggested under this category are:

Building a mentor network

• In order to provide mentorship support to startups, the state could strive to create a pool of mentors for supporting startups in the
state. The network of mentors could essentially be developed by driving experts from relevant sectors, corporates with experience in the
field, individuals with strong knowledge of legal and regulatory issues, personnel from the financial sector with funding experience and
successful entrepreneurs to assist the establishment and growth of startups in the state.
• Additionally, the startup ecosystem is expected to benefit by means of placing a mechanism to enable a connect between mentors
and startups and provide regular feedback.

Partnership with corporate/educational institution

• The state could focus on increasing partnerships with business houses, corporates, and/ or educational institutions in and outside the
region for extending their assistance to state-based startups.
• The state could provide orders detailing schemes of each department and ensure such a set up for increased aid to the development
and growth of startups in the state.
• The state could focus on increasing the number of incubators and accelerators in order to increase partnerships between the state
government and various business enterprises and educational institutions.
• These partners could provide assistance to startups such as professional services/mentorship/corporate social responsibility/co-
working spaces, software, hardware tools and other lab equipment, knowledge exchange, technology transfer and assist in market
linkages.

Support from various departments

• The state could establish and further detail out schemes with other department in the state to enhance the institutional support
provided to startups.
• Establishing support from such department could enable the states to effectively execute sectoral activities amongst startups and
perform with increased development and operational management.

10 NAGALAND | ASPIRING LEADER

 2. SIMPLIFYING REGULATIONS
Simplification of regulations considers mandatory requisites for state level approvals and clearances for
registering and operating a business or startup online. In order to make compliance for startups friendly
and flexible, simplifications are required in the regulatory regime. It encapsulates regulatory issues faced
by registered startups which have been identified through an interactive online mechanism subject to
approving action by regulatory agencies. The states are evaluated based on the support provided to
startups by introducing a list of rules, regulations or Acts in the state, including amendments in the Acts
and regulations with requisite details to create a conducive environment for the state’s startups.

KEY FACTS
The state has exempted inspection of labour laws/acts from inspection for five years for startups thus working towards
innovation development, deployment, or commercialisation of the product, processes or services driven by the technology
or intellectual property.

KEY STRENGTHS
EXEMPTION OF INSPECTION OF LABOUR LAWS/
THE EXEMPTED LABOUR LAWS ARE AS
ACTS
FOLLOWS:
KEY STRENGTHS

• The state has exempted inspection of labour laws/acts The Building and Other Construction Workers Welfare
for five years for startups whose annual turnover is not Board (RE&CS) Act, 1996
exceeding INR 25 crore in any preceding financial year and
working towards innovation development, deployment, or The Payment of Gratuity Act, 1972
commercialisation of the product, processes or services
The Contract Labour (Regulation and Abolition) Act, 1970
driven by the technology or intellectual property.
The Employees’ Provident Fund and Miscellaneous Provision
Act, 1952
Not exceeding INR
The Employees’ State Insurance Act, 1948
5 years
25 Crores The Inter-State Migrant Workmen (RE&CS) Act, 1979

NAGALAND | ASPIRING LEADER 11

 WAY FORWARD
The state needs to give importance to this pillar in order to further strengthen the startup
ecosystem. The state could prioritise actions required in three categories: short, medium and
long term. Action required in each of these categories are summarised below:

MEDIUM TERM ACTIVITIES (4-6 MONTHS)

TThe activities suggested in this category are important and will take relatively more time for implementation. Through dedicated efforts,
results can be achieved within four to six months. Activities suggested under this category are summarised below:

Business Compliance Information System (BCIS)

The state could provide details of all state level approvals and clearances required for registering and operating a business or startup
online. The state could make the portal more interactive by adding a chatbot to the main site. This will help in real time problem-solving
for the startups and they will be able to get customised responses instead of standardised Frequently Asked Questions (FAQs).

Invite or identify regulatory issues

An institutional online mechanism is required for inviting and identifying feedback, suggestions, queries and grievances for any regulatory
issues faced by startups providing an institutional framework to deal with regulatory issues faced by disruptive startups. There may be
quarterly roundtables/workshops to resolve sector specific regulatory issues. This would include a two-way communication between
startups and relevant government departments aimed at direct consultation and grievance redressal.

Amend Acts for supporting startups

The state could provide essential amendments to sector specific policies of the state to provision for startups. These details should be
available on the state startup portal for ready reference.

12 NAGALAND | ASPIRING LEADER

 3. EASING PUBLIC PROCUREMENT
Ease in public procurement simplifies criteria to ensure participation of startups in government tenders.
The states are evaluated based on the support provided to startups in resolving issues related to state
public procurement as norms of Earnest Money Deposit (EMD), prior experience, and prior turnover which
prove to be barriers for participating startups. Easing of such norms enable startups and entrepreneurs
to avail exemptions and share an equal platform with established organisations.

KEY FACTS
The state has developed a comprehensive online portal for resolving grievances of startups.

KEY STRENGTHS
DEDICATED GRIEVANCE REDRESSAL MECHANISM

• The state has developed a mechanism for resolving grievances of startups specifically related to public procurement.
• Additionally, a dedicated online portal is made operational in the state and there is an offline mechanism in the nodal department for
resolving issues related to public procurement.

WAY FORWARD
The state needs to give importance to this pillar in order to further strengthen the startup
ecosystem. The state could prioritise actions required in three categories: short, medium and
long term. Action required in each of these categories are summarised below: -

MEDIUM TERM ACTIVITIES (4-6 MONTHS)

The activities suggested in this category are important and will take relatively more time for implementation. Through dedicated efforts,
results can be achieved within four to six months. Activities suggested under this category are summarised below:

Provide necessary relaxations in “prior experience, turnover and earnest money deposit (EMD)”
• The state could notify the relaxation of ‘prior experience’ for startups in public procurement. The state could provide Request for
Proposals (RFPs) and list of registered startups. Startups might lose on to delivering superior quality output and cost-effective solutions
primarily due to competing with established players on ‘prior experience criteria’.
• The state could prioritize providing a sample RFP for exemptions applicable to startups and list all startups along with their registration
number to make purchase and work orders for public procurement easy for them. They could also consider removing such criteria like
‘prior experience’ completely for startups and provide a level playing field for startups in public procurement.
• The state could further notify the relaxation of ‘prior turnover’ in public procurement with 100% exemption to startups. They could draft
a separate procurement policy for easing norms of procurement.
• Submission of EMD is also a big hurdle for startups and the state could provide 100% exemption to ease the way forward for startups
from all the public tenders. The end objective of floating a public tender is to identify an organization that can provide best solution
at a low cost. In this manner, the startups in the state would be able to fulfill the objective as they will be allowed to participate in the
government tenders with no deterrent of ‘submission of EMD’ criteria.

Preference in public procurement

The state could give preference in terms of providing order for procurement to all registered startups under the state. Also, additional
preference could be provided in price or in value of procured goods or services to enable the startups in ascertaining the cost of goods
and services and make adequate profits under the state umbrella.

NAGALAND | ASPIRING LEADER 13

 4. INCUBATION SUPPORT
Incubation support is an integral element of the startup ecosystem that supports entrepreneurs to
grow their businesses and assists new startups to succeed. In order to promote startups, the state
governments collaborate with organisations, corporates or industry associates to establish incubators,
to support startups in the form of capital expenditure or operational expenditure. The evaluation is
based on setting up of incubators supported by the state governments to release funds to the startups,
thereby creating a unique mechanism to provide subsidised incubation and operate acceleration
programmes in partnership with the industry.

KEY STRENGTHS
AUTHORISED SANCTION LETTER

There is a sanction letter issued by expenditure ‘B’ Branch, Finance Department, Government of Nagaland authorising total withdrawal
authority of INR 1.5 crore only for implementation of activities under entrepreneurship startup India. This would enable the state to boost
the startup ecosystem and take initiatives to strengthen the same over a period of time.

WAY FORWARD
The state needs to give importance to this pillar in order to further strengthen the startup
ecosystem. The state could prioritise actions required in three categories: short, medium and
long term. Action required in each of these categories are summarised below: -

MEDIUM TERM ACTIVITIES (4-6 MONTHS)

The activities suggested in this category are important and will take relatively more time for implementation. Through dedicated efforts,
results can be achieved within four to six months. Activities suggested under this category are summarised below:

Create subsidised incubation

• The state could support this with a list of unique startups which were provided subsidy through incubators and a list of startups which
were provided direct subsidy in rental fee of the incubator. Subsidised incubation entails provision of subsidy or rebate for startups (this
excludes support provided as capital/operational expenditure).
• State could explore the opportunity to partner with private incubators and support them by reimbursing the cost of incubation.
• Startups could also be pushed to provide an official document showcasing subsidised incubation extended to startups.
• The state can also support incubators by providing financial grant for capital expenditure for covering the initial cost. The incubators
can provide a utilisation letter or acknowledgement letter certifying support provided by the state.
• Additionally, state may explore alternative models of incubation support such as provision of rent-free space (on lease) for setting up
of incubators.

Allocate seats to startups

The seats are allocated to startups as operational incubators which currently is not being considered by the state and no seats are
allocated for such incubators to support startups. However, going forward, the state may explore the opportunity and back it up by an
acknowledgement letter or certificate from incubators specifying the number of seats allocated to such startups.

Organise acceleration programmes

• The state could develop institutions to organise acceleration programmes in association with industry.
• The state could encourage enrolment of startups in acceleration programmes to provide startups with the opportunity to connect with
investors, engage in skill development and obtain knowledge support.

14 NAGALAND | ASPIRING LEADER

 5. SEED FUNDING SUPPORT
Seed funding can be in the form of a direct grant, subsidised loan, product development and marketing
financial assistance, monthly sustenance allowance or even equity seed funding. With seed funding, the
evaluation is based on the states’ endeavor to help a business grow and generate its own capital by
establishing a guideline document. The states need to ensure that startups scale with the right velocity
in order to achieve leading positions, through state investment and startup’s entrepreneurial knowledge.

KEY FACTS
As per the state’s startup policy, a seed grant up to INR 10 lakh shall be provided to each incubatee for validation of idea,
prototype development, and assistance towards travelling costs and carrying out field/market research/skill training/
marketing and initial activities to set up a startup depending on nature of the project.

WAY FORWARD
The state needs to give importance to this pillar in order to further strengthen the startup
ecosystem. The state could prioritise actions required in three categories: short, medium and
long term. Action required in each of these categories are summarised below: -

MEDIUM TERM ACTIVITIES (4-6 MONTHS)

The activities suggested in this category are important and will take relatively more time for implementation. Through dedicated efforts,
results can be achieved within four to six months. Activities suggested under this category are summarised below:

Seed funding guidelines

• As the seed funding would be provided to startups, there could be a mechanism to follow up on the progress made by an enterprise
(except for the startups that would be commercialised). This could be in the form of timely feedback mechanisms and follow up reports.
This would enable the government in outlining the success stories and also in keeping track of the funds being used.
• The state could develop seed funding guidelines which may clearly state the eligibility criteria, extent of seed funding and application
procedure. The guidelines document could be supported by a list of registered startups.

Online facility to avial seed funding

The state could have a provision for online facility to avail seed funding. There could be an online application system for startups to avail
seed funding, a mechanism for online tracking of application status and approvals to startups could be communicated online, which
would simplify the disbursement process.

Seed funding beneficiaries

• The state could consider conducting dedicated annual events inviting investors to seed fund early stage startups.
• The state could consider alternative models for seed funding, such as, subsidising interest payments on loans obtained from
commercial banks.

NAGALAND | ASPIRING LEADER 15

 6. VENTURE FUNDING SUPPORT
Venture capital funding support is provided to the startups from state supported funds. The states are
evaluated based on the establishment of the Fund of Funds (FoF) with approved operating guidelines
and signing a memorandum of understanding (MoU) with the fund manager along with a concrete
budget allocation. Venture funding provides strong growth potential to startups wherein the fund is
used for the all-round development of startups and to levitate the startup ecosystem of the states

KEY FACTS
As per the state startup policy, a dedicated NIF would be set up in partnership with leading national and international investors,
in which the state will actively invest with matching capital in select venture capital (VC) investors with significant potential

WAY FORWARD
The state needs to give importance to this pillar in order to further strengthen the startup
ecosystem. The state could prioritise actions required in three categories: short, medium and
long term. Action required in each of these categories are summarised below: -

MEDIUM TERM ACTIVITIES (4-6 MONTHS)

The activities suggested in this category are important and will take relatively more time for implementation. Through dedicated efforts,
results can be achieved within four to six months. Activities suggested under this category are summarised below:

Support venture funds

The state could create a social impact fund which supports in potential investing and helps generate financial returns to further support
organisations to create social and environmental benefits.

Startups funded from venture funds

In order to increase the number of startups availing state supporting venture funds, the state could consider deploying certain measures,
such as, offering a success fee at a fixed rate to startups for availing investments through such state supported funds.

16 NAGALAND | ASPIRING LEADER

 7. AWARENESS AND OUTREACH
It is the endeavor of state governments to raise awareness about the Indian startup ecosystem and
increase its outreach throughout the state. The states are evaluated based on awareness of startups
created through workshops, national and international events including bootcamps and hackathons/
grand challenges. In order to promote startups, the state encourages participatory and inclusive
processes for linking startups with angel investors and high net worth individuals. Maximum participation
is encouraged for exchange of valuable knowledge amongst startups, and pitching sessions for angel
investments with widespread propagation.

KEY FACTS

The Department of Industries and Commerce has conducted Startup Nagaland bootcamps in nine districts namely
Zunheboto, Mokokchung, Tuensang, Phek, Wokha, Peren, Longleng, Mon and Kiphire in order to create awareness on startup
India in the remaining districts of Nagaland

WAY FORWARD
The state needs to give importance to this pillar in order to further strengthen the startup
ecosystem. The state could prioritise actions required in three categories: short, medium and
long term. Action required in each of these categories are summarised below: -

SHORT TERM ACTIVITIES (1-3 MONTHS)

The activities suggested in this category are important and will take relatively less time for implementation. Through dedicated efforts,
results can be achieved within one to three months. Activities suggested under this category are as follows:

Conduct bootcamps
• The state could organise bootcamps in schools and colleges at regular intervals wherein industry experts will be invited from the startup
ecosystem to conduct these bootcamps and disseminate information on startups and their ecosystems.
• The state also may ensure that such events are backed by supporting documents specifying the date, event name, venue, startup
participants and brief description of the event and comply with such formalities for the official recognition of these events.

Conduct hackathons and grand challenges

• The state is encouraged to organise hackathon/ grand challenges to identify innovative technological solutions and for supporting
entrepreneurs in building these solutions as viable product or service offering.
• The list of hackathons could be supported with event reports consisting of event name, dates, venue and duration of the event, problem
statement posed, startup participants and brief description of the event and event-wise list of participating startups/students.

Conduct of angel investment workshops

• The state is encouraged to conduct angel investment workshops or networking events for connecting startups with angel investors/high
net worth individuals (HNIs)/angel network.

Conduct national and international events

• The state could encourage startups to participate in national and international events which would enable them to explore and
create more opportunities to grow. They could join hands with experienced startups to generate strong relationships with increased
participation.
• Students or aspiring entrepreneurs require basic understanding of ideation, business planning, finance, legal and pitching before they
venture out to run a startup. Going forward, Nagaland may conduct such trainings and events in more educational institutes of the
state to ensure coverage of all districts.
• These events would help in fostering innovation and developing skills among the entrepreneurs. This could be supported with event
reports consisting of details such as event name, date and venue of the event, startups supported, sessions organised/participated,
sanction order and brief description of the event and event wise list of startups participated in the event.
• The state may ensure to comply with such formalities for the official recognition of these events.

NAGALAND | ASPIRING LEADER 17

Notes

18 NAGALAND | ASPIRING LEADER

NAGALAND | ASPIRING LEADER 19
CONTACT US

www.startupindia.gov.in
[email protected]
1800-115-565