Quick Summary
Startup India is a flagship initiative launched in 2016 to build a strong ecosystem for nurturing innovation and startups in the country.
Startup India, launched on January 16, 2016, is a government initiative to promote and support startups in India. The program is managed by the Department for Promotion of Industry and Internal Trade (DPIIT).
Benefits for Recognized Startups
- Tax Exemption: 3-year income tax exemption within first 10 years
- Self-Certification: Compliance with 6 labor and 3 environmental laws through self-certification
- Patent Reimbursement: 80% rebate on patent filing fees
- Fast-Track IP: Fast-tracking of patent applications
- Funding Support: Access to Fund of Funds with corpus of ₹10,000 crore
- Simplified Winding Up: Close company within 90 days under insolvency law
Eligibility Criteria
- Company/LLP registered in India (not formed by splitting/reconstruction)
- Turnover should be less than ₹100 crore in any of the previous financial years
- Working towards innovation, development, or improvement of products/processes
- Must be DPIIT recognized
- Not more than 10 years old from date of incorporation
Recognition Process
Apply on Startup India portal (www.startupindia.gov.in) with:
- Company/LLP incorporation certificate
- Brief description of business and innovation
- Website link or pitch deck
- Patent/trademark details (if any)
Key Points
- Launched on January 16, 2016
- Managed by DPIIT
- Tax exemption for 3 years
- 80% patent filing rebate
- ₹10,000 crore Fund of Funds
- Self-certification for compliance