Startup India is a flagship initiative of the Government of India, intended to build a strong ecosystem for nurturing innovation and startups in the country. The registration provides recognition to eligible businesses as 'Startups' by the Department for Promotion of Industry and Internal Trade (DPIIT), making them eligible to avail various benefits under the Startup India Action Plan.
Startup India Registration is designed to drive sustainable economic growth, generate large-scale employment opportunities, and facilitate wealth creation. The initiative aims to empower startups to grow through innovation and design.
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Tax Benefits: Eligible startups can avail income tax exemption for 3 consecutive years and capital gains tax exemption under Section 54EE.
IPR Fast-track: Fast-track patent examination with 80% rebate on filing fees for patents and reduced fees for trademark registration.
Funding Support: Access to Fund of Funds with a corpus of ₹10,000 crores and easier compliance under various labor and environmental laws.
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