What is

STARTUP INDIA SCHEME ?

Startup is a buzz word these days since more and more youngsters in India are having that zeal to became new age entrepreneur by providing new ideas and solutions to problems with the use of latest technologies. Any startup company that has innovative and unique business ideas can apply for the Startup India Certificate issued by DPIIT. By doing so, startups can enjoy several privileges that are offered under the Startup India Scheme.

The Government of India has launched Startup India , an initiative aimed at promoting entrepreneurship in the country. Indian Prime Minister Narendra Modi first announced the campaign during his speech on August 15, 2015

Eligibility Criteria for

DPIIT Startup Recognition

01

Company Age

Period of existence and operations should not be exceeding 10 years from the Date of Incorporation

02

Company Type

Incorporated as a Private Limited Company, a Registered Partnership Firm or a Limited Liability Partnership

03

Annual Turnover

Should have an annual turnover not exceeding Rs. 100 crores for any of the financial years since its Incorporation

04

Original Entity

Entity should not have been formed by splitting up or reconstructing an already existing business

Innovative & Scalable: To be eligible a startup Should work towards development or improvement of a product, process or service and/or have scalable business model with high potential for creation of wealth & employment

List of Documents Required for

Startup India Registration

Below are the documents required for the process of Startup India Registration:

  • Incorporation/Registration Certificate of your startup
  • Proof of funding, if any
  • Authorization letter of the authorized representative of the company, LLP or partnership firm
  • Proof of concept like pitch deck/website link/video (in case of a validation/ early traction/scaling stage startup)
  • Core Team details of director required including their qualifications, role in company, etc
  • Patent and trademark details, if any
  • List of awards or certificates of recognition, if any
  • PAN Number

Important points to consider

For Startup India Registration

Below are the important points to consider for Startup India Registration:

  • If forged document has been uploaded then you shall be liable to a fine of 50% of your paid-up capital of the startup with a minimum fine of Rs. 25,000.
  • Grant of DPIIT certificate is subject to the discretion of the government officials.
  • Certificate for Tax Exemption under section 80IAC is a separate application for which you can avail our service.
  • A startup is recognised for a period of 10 years from the date of its registration or has not passed the turnover of Rs.100 crore.
  • DPIIT certificate will only be granted if government consider your startup an eligible startup which is solving a problem or have employment generation capacity.
  • For any tax exemption a separate application to be filed in Form-1. and for Angel Tax Exemption Form-2, you can avail our combo services.

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Startup India Registration

  • Basic
  • ₹ 2299
    per (Including Government Fee)
  • Startup India Registration
  • “CA assistance”
  • Standard
  • ₹ 4599
    per (Including Government Fee)
  • “ Startup India Registration”
  • "Application of Form-1 for Income Tax Exemption to
  • eligible business"
  • MSME Registration
  • Premium
  • ₹ 7499
    per (Including Government Fee)
  • Application for Startup India Certificate to DPIIT
  • "Application of Form-1 for Income Tax Exemption to
  • eligible business"
  • "Application of Form-2 for Angel Tax Exemption to
  • eligible business"
  • MSME Registration
  • Gem Portal Registration

Have A Question?

FREQUENTLY ASKED QUESTIONS (FAQs)

Startup India is a flagship initiative of the Government of India launched in January 2016 to foster entrepreneurship and promote innovation in the country.

The main objectives of Startup India are:

  • To create a conducive environment for startups to grow and thrive.
  • To promote innovation and entrepreneurship among the youth.
  • To facilitate access to funding, mentorship, and networking opportunities for startups.
  • To simplify the regulatory framework for startups.
  • To promote the growth of startups in key sectors such as manufacturing, healthcare, education, agriculture, and technology.

Following are the Key benefits of Startup India Registration:

  • TAX EXEMPTION U/S 80 IAC :

Post getting recognition under startup India scheme, you may apply for Tax exemption u/s 80 IAC of the Income Tax Act. A Startup can avail tax holiday for 3 successive financial years during its first 10 years of startup eligibility.

Criteria for applying to 80IAC Tax exemption :

  • Must be a recognized Startup
  • Only Private limited, limited or LLP is eligible
  • Must be incorporated on or after 1st April, 2016
ANGEL TAX EXEMPTION U/S 56

After startup india registration, you may apply for Angel Tax Exemption.

Criteria for Angel Tax Exemption u/s 56 of the Income Tax Act 1961:

  • The entity must be a DPIIT recognized Startup
  • Aggregate amount of paid up share capital & share premium after the proposed issue of shares, must not exceed INR 25 Crore.
SELF-COMPLIANCE FOR LABOUR LAWS

Startups can do self assessment for labour law compliances and there will be no inspection or physical visit by public officers during the first 3 years. Startups can self-certify through startup india portal with given below 6 labour laws.

  • Inter-State Migrant Workmen laws
  • Gratuity Laws
  • Provident Fund Laws
  • Employees’ State Insurance laws
  • Other Constructions Workers’ laws
  • Contract Labour laws

 

      TRADEMARK, PATENT, IPR RELATED EXEMPTION

On obtaining startup India certificate, the startups can avail various assistance in applying for intellectual property rights e.g. Trademark registration, patent and copyright registration.

Recognised startups can avail following reliefs in IPR:

  • Fast-track startup patent applications with 80% government fees rebate.
  • Panel of facilitators to assist in IP applications
  • Rebate on FiIling of Trademark application

 

FUNDING OPPORTUNITIES & OTHER GOVERNMENT SCHEMES

Startups registered under Startup India scheme can avail funding under various government or semi government aided schemes such as:

 

Venture Capital Assistance Scheme

Under this scheme, interest free loan is provided by Small Farmers’ Agribusiness Consortium (SFAC) to projects falling short of capital requirement for project completion.

 

Support to MSMEs for International Patent Protection in Electronics and IT

Stand Up India Scheme bank loan from 10 lakh-1 crore to at least 1 SC/ST borrower and at least one women enterprise per bank branch.

 

Single Point Registration Scheme (SPRS)

NSIC registers MSEs under SPRS scheme for participation in Government Purchases.

 

EASY WINDING UP OF COMPANY

Startups registered under startup India scheme can avail easy exit route for winding up the company within 90 days under Insolvency & Bankruptcy Code, 2016, in case startup business model failed.

Incubation support:

Startups registered under Startup India can avail incubation support from over 250 incubators and accelerators recognized by the government.

It’s a 7 step process to register your startup and recognised with DPIIT:

Step 1 :- Incorporate your business:

You must first incorporate your business as a Private Limited Company or a Partnership firm or a Limited Liability Partnership. You have to follow all the normal procedures for registration of any business like submitting the registration application and obtaining the Certificate of Incorporation/Partnership registration.

 

Step 2 :- Register with Startup India

Then the business must be registered as a startup. The entire process is simple and online. Visit the Startup India website (Homepage (startupindia.gov.in)) and click on the ‘Register’ button and create your profile. Once, your profile is created on the website, startups can apply for various acceleration, incubator/mentorship programmes and other challenges on the website along with getting access to resources like Learning and Development Program, Government Schemes, State Polices for Startups and pro-bono services.

 

Step 3 :- Get DPIIT Recognition

For getting DPIIT Recognition, log in with your registered profile (account) credentials on the Startup India website and click on the ‘DPIIT Recognition for Startups’ button under the ‘Schemes and Policies’ tab. Click on the ‘Get Regonised’ button on the next page. A new page will open. Scroll down this page and click on the ‘Click here for submitting your application for recognition as a Startup’ button.

 

Step 4 :- Recognition Application

On the ‘Startup Recognition Form’, you need to fill the details such as the entity details, full address (office), authorised representative details, directors/partner details, information required, startup activities and self-certification. Click on the plus sign on the right-hand side of the form and enter each section of the form. After entering all the sections of the ‘Startup Recognition Form’, accept the terms and conditions and click on the ‘Submit’ button.

Step 5:- Documents to be uploaded for Startup Registration
  • Incorporation/Registration Certificate of your startup
  • Brief Write up on how the business is working towards: innovation, employment, wealth creation
  • Proof of funding, if any
  • Authorisation letter of the authorised representative of the company, LLP or partnership firm
  • Proof of concept like pitch deck/website link/video (in case of a validation/ early traction/scaling stage startup)
  • Core Team details of director required including their qualifications, role in company, etc
  • Patent and trademark details, if any
  • List of awards or certificates of recognition, if any
  • PAN Number

 

Step 6 :- Recognition Number

That’s it! On applying you will get a recognition number for your startup. The certificate of recognition will be issued after the examination of all your documents which is usually done within 2 days after submitting the details online.

However, be careful while uploading the documents. If on subsequent verification, it is found to be obtained that the required document is not uploaded/wrong document uploaded or a forged document has been uploaded then you shall be liable to a fine of 50% of your paid-up capital of the startup with a minimum fine of Rs. 25,000.

Incubators and accelerators play a key role in Startup India by providing mentoring, networking, and funding support to startups. The government has recognized over 250 incubators and accelerators across the country, which offer a range of services such as co-working spaces, access to funding, and access to industry experts. Startups registered under Startup India can avail of incubation support from these recognized incubators and accelerators.

The most preferred business structures for a startup are Private Limited companies and LLPs. A Private Limited company is legally recognized and generally favoured by investors. However, it has stricter compliance and may have a higher cost of incorporation.

Whereas incorporation cost is lower for LLPs and they tend to have relaxed compliance in comparison to the Private Limited Companies. In addition to that, LLPs have limited liabilities and are equally recognised by investors and all over the world.

To attract investors, not only do you need a stellar product with a scalable model, but you also need visibility. Make sure that your product receives healthy engagement and traction. You’ll need to register your startup on startup India and proactively seek out investors. Make sure you are able to effectively communicate your business idea to the investor and the sustainability of your business model.

Any entity that has at least one registered office in India can register itself on the hub, since the location preferences, for the time being, are only created for Indian states. However, soon the government hopes to start registrations for stakeholders from the global ecosystem too.

Startup incubators are typically institutions that help entrepreneurs by developing their business, especially in the initial stages. The incubation function is usually carried out by institutions that have experience in the business and the tech world.

Startup accelerators support early-stage, growth-driven companies. These programmes usually have a timeframe in which individual companies spend anywhere between a few weeks and a few months working with a group of mentors who are educated and may also provide financial help.

Yes, as per the law an existing entity can register itself as a startup, provided that it meets the prescribed criteria for a startup. They will also be able to avail various tax and IPR benefits that are available to startups. The criteria are the same as those mentioned in the article above.

Once the application is complete, and the startup gets recognized, you will receive a system-generated certificate of recognition. You will be able to download this certificate from the Startup India portal.

Yes. To get register a startup with the Startup India website and get startup benefits, it needs to have at least one registered office in India, since the location preferences, for the time being, are only created for Indian states. However, soon the government hopes to start registrations for stakeholders from the global ecosystem too.

Please note that the password you enter for registering on the startup portal must contain 8 to 15 characters, out of which it must contain at least one lowercase letter, one uppercase letter, one numeric digit, and one special character. The portal will accept only a password that contains all these requirements.

A startup is registered with an objective to solve a problem. For a startup to be registered with the Startup India initiative, it must be working towards innovating something new or improving the existing technology to solve a problem. Thus, in the ‘Startup Activities’ section on the ‘Startup Recognition Form’, you must write the details on what problem is your the startup solving, what does your startup propose to solve the problem, i.e. the solution, the uniqueness of your solution, i.e. innovative nature of your product or service and what is the revenue-generating model of your startup.

We support the Startup India initiative that aims
to accelerate enterpreneurship in the
country and create startup


We support the Digital India initiative that aims
to transform India into a digitally empowered society
and knowledge economy

We support the Make in India initiative that aims
to promote India as the most
preferred global manufacturing destination

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