About Topic

 

Startup India is an initiative of the Government of India (GoI). The campaign was first announced by Indian Prime Minister, Narendra Modi during his 15 August 2015 address from the Red Fort, in New Delhi. It is an initiative of GoI to encourage, support and nurture the start ups in India.

 

Who are eligible or considered as a Startup ?

 

 1. only a private limited company or registered partnership firm or a LLP in India

 2. Up to ten years from the date of its incorporation/registration

 3. Turnover for any of the financial years since incorporation/registration has not exceeded INR 100 Crores

 4. Working towards innovation, development or improvement of products or processes or services, or if it is a scalable business model with a high potential of employment generation or wealth creation

 

Note: An entity formed by splitting up or reconstruction of a business already in existence shall not be considered a ‘Startup’.

Benefits

 

• Self Certification under certain Laws
• Income Tax Exemption for 3 Years
• Easy to windup / close the Company
• Patent Protection
• 80% Rebate in Patent Application
• Easy public Procurement Norms
• Assistance in Funding from VC, PE etc
• Support in Incubation and training​​​​​​

 

 

Documents Required

 

• Company / Firm registration certificate
• Phone Number, Mail ID, Website , videos if any.
• WRITE A CRISP 'ABOUT US', 2 paragraphs max. Focus on what your company does, what differentiates you from your competitors and your key achievements and / or challenges so far, if any.
•  Your key team members details with crisp profile
• Your Company logo
• Your office working environment photos 5
• Your office full address
• Directors Details
• PAN soft copy
• Authorized representative details like Name, Designation, mobile number, email id.
• Has your startup applied for any IPR (Intellectual Property Right), if yes, please provide details like certificate, registration number etc
• What is the problem the startup is solving? (mininum 50 words)
• How does your startup propose to solve this problem? (mininum 50 words)
• What is the uniqueness of your solution? (mininum 50 words)
• How does your startup generate revenue? (mininum 50 words)
• Brief Presentation about your business, people and process etc
• Please mention any awards/recognition received by the entity, please provide soft copy of certificate / award, if any.

 

Time Lines

 

• 10 working days

 

Deliverables

 

• Start Up Recognition Certificate

 

FAQs