Union Budget 2013: FM warmth for startup incubators

NEW DELHI: Technology startups have received a huge boost. Corporate funds provided to technology incubators located within government-approved academic institutions qualify as CSR (corporate social responsibility) spend.
The finance minister’s proposal to establish a Rs 200-crore fund to take forward certain science and technology innovations that benefit the common man will also help startups.Angel investors are a big source of funding for startups. They will be recognized as Category-I AIF (alternative investment fund) venture capital funds.
Startups will also be permitted now to list on the SME exchange without being required to make an initial public offer (IPO). The issue will be restricted to informed investors.
Union Budget 2013
Budget news 2013
Economic Survey