Startup India Registration

Launched on 16th January, 2016, the Startup India initiative is a flagship initiative of the Government of India, designed to nurture innovation and entrepreneurship, by creating an ecosystem that is conducive for growth of Startups. The initiative not only helps in simplifying the process of starting a company but also provides a host of benefits to the recognized startups, transforming India into a country of job creators instead of job seekers. These programs are managed by a dedicated Startup India Team, which reports to The Department for Promotion of Industry and Internal Trade (DPIIT).

Key Advantages of Startup India Registration:

• Official DPIIT Recognition: Achieve formal acknowledgment from the Department for Promotion of Industry and Internal Trade (DPIIT), Government of India, enhancing your startup's credibility in the market.
• Startup India Seed Funding Scheme: This scheme presents a significant opportunity for startups looking to kickstart or expand their operations. Eligible startups can receive either a grant of INR 20 Lakhs or a loan of INR 50 Lakhs at the Reserve Bank of India's repo rate. This financial support is designed to fuel the initial stages of a startup, aiding in product development, market entry, and scaling operations. Possession of the Startup India Certificate is a prerequisite for eligibility, ensuring that only recognized and viable startups benefit from this scheme.
• Startup India Income Tax Exemption under Section 80 IAC: Recognized startups can avail of a three-year income tax exemption, choosing any consecutive three years within the first ten years from the company's incorporation. This exemption allows startups to reinvest the funds that would otherwise go towards income tax, thereby facilitating growth, wealth generation, and employment.
• Exemption from Earnest Money Deposit (EMD) for Government Tenders: Startups with the Startup India Certificate are not required to pay the 10% Earnest Money Deposit (EMD) or Security Deposit when applying for government tenders, making it easier and more financially viable for them to participate in government procurement processes.
• AWS Free Cloud Credits: Amazon Web Services (AWS) offers eligible startups in the Startup India program free cloud credits. This can be a significant cost saving for startups, allowing them to leverage cloud computing, storage, and various AWS services at no cost for a specified period or up to a certain usage limit.
• ZOHO Free One Year Subscription: ZOHO, a suite of online productivity tools and SaaS applications, offers a one-year free subscription to its software for startups recognized by Startup India. This can include email, collaboration tools, CRM, and more, helping startups to manage their operations efficiently without significant initial investment in software.
• Startup Patent & IPR Application: Being part of the Startup India initiative opens up numerous networking opportunities through events, meetups, and other platforms where startups can meet with other entrepreneurs, mentors, and investors.
• Networking Opportunities: Startup patent applications are expedited for quicker value realization. Empanelled experts assist in filing and IP protection globally, regulated by CGPDTM. The government covers all facilitator fees; startups pay only statutory charges. Startups get an 80% discount on patent filing fees to reduce early-stage costs.
• Easier Regulatory Approvals: For recognized startups, there are efforts to reduce regulatory burden with simpler compliance regimes and easier winding-up procedures if necessary.