Start Up Registration

 “Start-ups are the engines of exponential growth, manifesting the power of innovation. Several big Companies today are start-ups of yesterday. They are born with a spirit of enterprises and adventure kept alive due to hard work and preservance and today have become shining beacons of innovation”. Shri Narender Modi, Prime Minister of India

Start-up India was launched on 16^th January 2016 as a clarion call to the innovators, entrepreneurs, and thinkers of the Nation to lead from the front in driving India’s sustainable economic growth and create large scale employment opportunities.

Start-up India laid the foundation for building self-reliant India and harness the potential of a nation bestowed with the largest youth population in the World

Objectives of Start-up

1. Facilitates states to identify, learn and replicate good practice
2. Highlight the policy intervention by states for promoting startup ecosystem
3. Foster Competitiveness among states to create best start-up ecosystem

The Benefits Registration under Start-up

1. Reduce Compliance Burden-Self Certification
2. Start-up India Hub Connect Program
3. Legal Support & fast-Tracking patent Examination at Lower Cost
4. Relaxed norms of public procurement for start-ups
5. Fast Exist Start-up
6. Providing Funding Support through a fund of Funds with a corpus of Rs 10,000 Crore
7. Credit Guarantee fund for start-up
8. Tax Exemption on Capital gains
9. Tax Exemption to start-up for three years
10. Tax Exemption on investment above fair market value
11. Organising Startup Fests for showcasing innovation and providing a collaboration platform
12. Launch of Atal innovation Mission with self-Employment and talent Utilisation Program
13. Harnessing private sector expertise for incubator setup
14. Building innovation centre at national institute
15. Promoting startups in the Biotechnology sector

GOVERNMENT PLANS FOR OF START-UP

1. Taking India Start-up Global
2. Startup Yatra
3. State Start-up Rankings
4. Woman Entrepreneurships
5. National Start-up Awards
6. Start-up Seed Funding
7. NSA Handholding Support
8. Grand Challenges
9. Start-up India Showcase
10. Credit Gurantee Scheme for Start-up
11. Starting Up Simplified:

• Easing Compliance Burden
• Ease of Starting Up Simplified
• Ease of Procurement of product and process based on innovation (GEM Portal)
• Promoting Startups in Every District
• Deep Engagement with centeral ministeries and CPSU
• Start-up India hub- Digital Canvas of Indian Start-up Ecosystem
• Establish New Incubators and Accelerators
• Creation of Innovation Zones at the Level of Urban Local Bodies
• National Capacity Development Program
• Integrate Academia & Innovation to Encourage Entrepreneurship
• India as the New Global Destination
• Mobile Applications, Made In India for the World