Startup India Recognition

Government initiative of recognizing Startups in India has played a very important role in boosting and encouraging growth in Indian startups. It is well received by the public and has seen year on year growth in the numbers. Many have even been recognized by Startup India and have availed benefits.

The initiative was launched in Jan 2016 with the intention to boost the startup ecosystems with focus on solving 2 major pain points – Employment and Wealth Creation in India. The initiative is managed by Department of Industrial Policy and Promotion.

 Why should you register with Startup India

This initiative brings many benefits to the startups. Some of the key benefits are –

  1. Tax exemption for 3 years out of the 10 years from the date of incorporation
  2. Fast track and upto 80% rebate in filing Patents
  3. Self-Certification for some the compliance laws
  4. Easy and faster exit of the Startups
  5. Fund of Funds for Startups

Some of the other benefits of being DIPP recognized

  1. Preferred bidder for certain government tenders
  2. Exposure to many Incubators, Accelerators and Mentors for Startups
  3. Participation in many global programs and initiatives

Criteria to apply for Startup India recognition

  1. Startup should be Private Limited, Partnership or limited liability partnership company
  2. Should not have crossed 100 CR in revenue in the preceding years
  3. Should not have completed 10 years from the date if incorporation
  4. Should be working towards innovation, development or improvement of products or processes or services, or should be scalable business model with a high potential of employment generation or wealth creation

For easy application and expert advise, contact us

To read more on Startup India initiative click


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