Superfast Startup India Registration
Get access to funding, tax benefits, intellectual property rights and more with Startup India recognition.
Benefits of Registration under Startup India Scheme
DPIIT Certificate of Recognition
You’ll get a Startup India Recognition Certificate from the Department for Industrial Policy and Promotion (DPIIT).
Official Recognition
The certificate can be used to prove credibility to customers, investors, banks etc.
Tax Benefit
Recognized startups get income tax exemption for 3 years and lower MAT rate of 18% for the first 10 years.
Intellectual Property Rights
Recognized Startups can get 80% rebate in patent, 50% in trademark, copyrights fees and expedite patent application process.
Relaxed Public Procurement Norms
Startups can sell products/services to government departments without prior turnover or experience requirements.
Faster Winding Up
Insolvency resolution and winding up process is much faster for startups, allowing founders to try again.
Networking
On startup India platform you can connect with mentors, investors, incubators and other enablers.
Access to Funding
Startups can apply for funds through Fund of Funds, Credit Guarantee Scheme, IVF Funds and Discounted Convertible Debentures. This makes capital more accessible.
SEO Juice
You’ll get a couple of links from Startup India website that will help your website to rank better.
Get Startup India Recognition Certificate in 2-4 days
Startup India Scheme
Startup India Scheme was launched on 16th January 2016 with the aim to support entrepreneurs, build startup ecosystems and transform job seeking mentality into job creator mindset.
Startup India registration opens doors for legal, financial and operational benefits to grow your entrepreneurial journey. This initiative by the Government of India aims to build a robust startup ecosystem by promoting bank funding, tax exemptions, rebates in patent fees and more. It intends to empower startups with the right resources and environment to help them thrive.
By registering under Startup India, entrepreneurs can access a wide range of legal, financial and compliance incentives offered by the government.
Some key features and objectives of Startup India
- Simplifies rules and regulations with a focus on self-certification to reduce regulatory burden
- Provides incubation centers, easier patent filing, relaxed procurement norms etc.
- Creates a Fund of Funds with a corpus of INR 10,000 crores for funding startups
- Aims to promote bank funding and make financing easier for startups
- Provides tax exemptions and incentives to eligible startups
- Simplifies exit process for startups by allowing faster winding up
In short, Startup India aims to catalyze the growth of startups, drive economic growth and boost job creation in India.
Eligibility Criteria for Startup India
To apply for Startup India recognition, your startup must meet the following eligibility criteria:
Age of the Applicant
Any Indian citizen aged above 18 years can apply for the scheme.
Age of the Company
Operations must be less than 10 years old from date of registration/incorporation.
Type of Company
Your entity must be registered as a Private Limited company, registered Partnership Firm or a Limited Liability Partnership.
Annual Turnover
Turnover of your entity must be under INR 100 crores in a financial year.
Original Entity
The Company or Entity should have been formed initially by the promoters and not by splitting up or reconstructing an existing business.
Innovative and Scalable
Your startup must aim to develop, deploy or improve products, services or processes that are technologically driven and innovative.
Frequently Asked Question (FAQs)
Startup India is a flagship initiative launched by the Government of India in 2016 to boost the startup ecosystem in the country. It intends to empower startups with the right resources and environment to help them thrive.
Obtaining Startup India recognition unlocks several benefits for your company like access to funding, tax benefits, rebate in intellectual property rights, official recognition, relaxed public norma and fast winding up. By registering under Startup India, entrepreneurs can access a wide range of legal, financial and compliance incentives offered by the government.
- Startup should not be older than 10 years
- Company must be a Partnership Firm, Pvt. Ltd. company or a LLP
- Applicant must be above 18 years old
- Turnover of the firm should not be more than 100 cr in any past financial year
- The offering of the company should be innovation and scalable
- It must be a original entity
You can either visit startupindia.gov.in to file the application or contact businessbabu.in to get your Startup India Certificate in 2-4 days only without any hassle.
Ready to Skyrocket Your Startup's Success?
Apply for Startup India Recognition Now.
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