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Business

How startupindia recognition is benefiting the startups across India?

We are happy to announce that Digicandy Technologies has been recognized by the Department for Promotion of Industry and Internal Trade. India as a country has a rich culture, heritage, and robust trade for ages. With quality products and competitive manufacturing, India is no less than a powerful economy that has its powerhouse of everything. As a country, it is enough resourceful to make things right for every citizen.

The ‘Make in India’ initiative has rigorously encouraged the firms in India to do manufacturing practices which have further promoted the investments in the manufacturing sector. With the motto of ‘Aatmanirbharbharat’, the government does want to deeply integrate the global chains and strengthen India’s manufacturing expertise. The startup Department for Promotion of Industry and Internal Trade registration has its own set of benefits.

India is the 2nd largest9 start-up ecosystem in the world with 18,000+ start-ups recognized by the government till May 2019. To boost up the innovation and start-up in the IT sector, NITI Aayog has also announced the establishment of Frontier Technologies Cloud Innovation Center (CIC) venturing with Amazon Web Services (AWS). (Source: http://makeinIndia.com). This will take place with the help of advanced technologies like robotics, blockchain, IoT, and Artificial Intelligence. Since there a huge demand for IT services from the US and Europe, it is quite lucrative to capitalize on this. The usage of IT systems has also increased in almost every sector and due to this, the numbers of IT firms are increasing in India.

The startups in India can also get recognized by DPIIT. As per DPIIT, under this initiative, the eligible companies can get recognized as startups by DPIIT through which the firms can have easier compliance, tax benefits and IPR fast-tracking. Through this, the startups in India also get certification from DPIIT. Once a startup is certified by DPIIT, they can self certify themselves for 6 labor laws and 3 environmental laws through simple online procedures. There are certain criteria which need to be met for DPIIT startup recognition.

  • The company must be incorporated as a private limited company, either a registered partnership firm or a Limited liability partnership
  • The annual turnover should not have exceeded for more than 100 crores for any of the financial years since the exception
  • The period of existence and company years should be exceeding more than 10 years since its inception
  • The company must have worked towards the development or improvement of the process and have a scalable business model.

Once any startup in India is recognized by DPIIT, it enjoys benefits like relaxation in public procurement norms. The recognized startups will be entitled to avail exemption on prior turnover and earnest, money deposit. The ministries and departments are authorized to relax norms in public procurements as well. The Startup India also provides access to Intellectual; property services. The process of patent application is done much faster for the recognized startups. The recognized startups are provided 80 % rebate in filing for patents which are very cost-effective. Even if there are IP applications, facilitators are responsible for providing advice on the IPRs. They also advise on how the startups can promote and protect the IPS in different countries. For all this, the startup bears the statutory cost, the rest of the fees, like the fees of facilitators for the patents is borne by the government

There are some recognized startups that get inter-ministerial certificate board, after this, they are exempted from income-tax for 3 years. For the equity funding support, the government has allocated the fund of Rs 10000 crore which is managed by SIDBI. This initiative has been taken to support the growth and innovation of enterprises. With India, the whole world is ready to embrace the vision, “Come make in India. Sell anywhere, [but] make in India” 

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Business

How the Managed IT Services Providers are changing the Business Scenario

Concentrate on the core and that is how you can make the most out of your business. You have every resource in the place, but if you are just occupied with backups, patches and updates, it is better to look forward for managed IT services for your business. The managed IT services is probably is the recent buzzword in the business environment, although many of us are not fully aware about it. Managed IT services team manages the IT requirements of your business; they take the ownership of whatever is required in the context of Information technology.

Why Managed IT Service provider is much needed?

Technology, in today’s times has surpassed everything in such a way that if our businesses are not up-to-date, we would lag behind. It is a good decision for a company to go for 3rd party managed IT services. The managed IT services company will surely acts a catalyst to drive your business forward.  To be more specific, it is about delegating the IT operations of the business to an expert third party organization which holds specialization in performing those responsibilities. The large companies have large IT networks and they were the early adopters of managed IT services in the business environment. Initially, it was too expensive for the large business because the systems were complex, could manage only for the large businesses. By 2005, systems started to advance and the smaller organization was able to leverage the benefits of managed IT services.

As the businesses grow, their reliance on Information technology systems grows. However, it happens with many small firms that they are not able to afford the managed IT services. Sometimes, they have les funds which further leads to less expenditure on managing their networks. There are backups, patches, securities which negative affect the business performance. The normal business procedure also affected. Let us say that your servers are down, the CRM software is not function well or if the network is down, there is a loss of productivity. Everyone at the workspace would be busy fixing the IT issue. At some point of time, the employees also feel distracted.

React before the risk takes place

The managed software works in a very feasible way. Whenever there is any issue with the managed network, it will send the alert about the issue to the managed IT services provider. Every alert of risk which the provider receives, it will be addressed. Sometimes the alert intimation is given before the risk takes place, so it avoids the fiasco situation. The focus of these kinds of services is to provide continuous improvement so that the overall business does not get affected due to any IT related issue. Around us, the technology changes with a flash, so does it requirements change.

What Managed Service Provider (MSP)  has to offer?

As an organization, when you choose managed IT services, you are enhancing compliance and security which a proactive approach towards the maintenance, not a reactive approach.  Even the IT staff does get time to work on the core strategic projects. Sometimes the IT staffs are generalist; they lack the specialized skills and training required. While you outsource the IT operations, your team benefit from the access to advanced technologies which are addition to the specialized expertise. Usually the small team does not have the capacity for such things.

In today’s highly competitive and fast paced environment, we need robust IT practices which come with break fix maintenance. When a business is functioning under managed IT services, it is proactive by having focus on prevention rather than reaction. It is about resolving the technology issues before they disrupt the clients, management and employees of your organization. If you choose multiple vendors for multiple parts of your system, it will put you in confusion. It is always better to go for one managed IT Service Company.

How do the MSPs work?

Typically these 3rd party organization, work as per the Service level agreement. The procurement of IT system is done by the client, the managed service providers provide the issue resolution, round the clock monitoring and reporting etc.  SLA means what services will be provided by the Managed Service Providers and what services will be furnished. They also have the metrics for measuring the success ofthese services