Being a startup is no easy- in fact, it is the most difficult and the most challenging job in the world. You can make millions once your startup takes off. All the longest and success journey begins with one smaller step. That how it began with Cityrene too.
That’s one small step for man; one giant leap for mankind -Neil Armstrong
Our first greatest achievement is here. Cityrene got the “BEST STARTUP IN INDIA” award (Founder X Award) by Founder Institute. Founder Institute: The world premier idea- stage accelerator and startup launch program.
First of all, we got nominated in two categories (Startup in India and also in Frontier technology). In each category eight to ten company were selected all over the world.
In final round,Cityrene won the “BEST STARTUP IN INDIA”. We all were over the moon.
We didn’t stop there, we wanted to achieve more and more. Then, on the same month Inventiva- a startup magazine featured about us on their website. This helped us reach more people.
Since Cityrene being only a few months old startup was difficult for us to get funding for our next township. Cityrene needed more exposure to attract investors and customers. Hence, we applied for startup India-Department of Industrial policy and promotion.Startup India- A place where Government of India recognizes innovative company.
The BEST STARTUP IN INDIA award and our company featured in startup magazine helped us a lot for applying for startup India.
Finally, we received a mail stating “Cityrene is now a startup recognized by startup India-Department of Industrial policy and promotion” after few days of application. We felt so alive and exuberant. This is another great milestone for our company.
Benefits of Startup India are
- Self -certification and compliance under 9 environmental & labour laws
- Startup patent application fast track & up to 80% rebate in filling patents
- Public Procurement fast track under the criteria of “prior experience/turnover” for startups in all Central Government Ministries/Departments
- Winding up company in 90 days under Insolvency & Bankruptcy Code 2016
- INR 10,000 crore of funds for investment into startups through Alternate Investment Funds
- INR 2,000 crore credit guarantee fund for startups through National Credit Guarantee Trust Company / SIDBI over 4 years
- Tax exemptions on income tax for 3 years
Cityrene-Certificate of recognition from Government of India:
In addition, we have also applied for few pitching competitions that are taking place all over the world on smart and eco-friendly materials. South summit-A leading event from the South, connecting the most innovative entrepreneurs with the most important investors in the world which is taking place in Spain is also one of the pitching competition we have applied for. Almost 3100+ participants from 70 different companies participated in this event.
Cityrene has been selected one among the 400+ startups all over the world who has applied. Now, we are preparing for the second round to compete with the other participants. Hoping the best to get the final trophy.
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