But, he soon realised that the incorporation expenses were high, and getting a visa could be difficult.He came across Estonia's startup programme and decided to apply on a whim. Smaller startups often relocate as these countries offer government funding, minimal rent, zero taxes and easy access to neighbouring markets.Late in 2015, Hyderabad-based CloudBoost signed up for Startup Chile, an eight-month startup accelerator programme, in the South American nation. Esto nia launched a startup visa programme in January and has received applications from 16 Indian companies.Among the first companies to move from India to Estonia was Velmenni, which develops high speed LiFi technology . Dhandala also signed up with Startup Denmark, which handholds foreign entrepreneurs who want to open office there. “The Indian startup ecosystem has seen explosive growth over the last three years.The South Korean government is looking to India for help to grow its startup ecosystem,“ says Caleb Kyung Hwan Lee, executive director at National IT Industry Promotion Agency, South Korea.

Source: Economic Times July 02, 2017 05:13 UTC