Startup India: The Game-Changer for Aspiring Entrepreneurs | Read Now

The Indian government has launched a mobile app and website to make the registration process for startups extremely easy. Anyone interested in starting a startup can fill out a simple form on the website and upload the necessary documents. The entire process is online.

Cost Reduction

The government has provided a list of facilitators for patents and trademarks. These facilitators will offer high-quality Intellectual Property Rights (IPR) services, including expedited patent examinations at reduced fees. The government will cover the facilitator fees, and startups will only need to pay statutory fees. This will reduce the cost of filing patents by 80%.

Easy Access to Funds

The government has set up a ₹10,000 crore fund to provide venture capital to startups. Additionally, the government is offering guarantees to banks and financial institutions to encourage them to provide venture capital.

3-Year Tax Holiday

Startups will be exempted from income tax for three years, provided they receive certification from the Inter-Ministerial Board (IMB).

Apply for Tenders

Startups can apply for government tenders without having to meet the “previous experience/turnover” criteria that apply to regular companies.

R&D Facilities

Seven new research parks will be set up to provide facilities to startups in the R&D sector.

Simplified Compliance

Several compliances have been simplified for startups, saving them time and money. Startups can self-certify compliance with nine labor and three environmental laws through the Startup India mobile app.

Tax Saving for Investors

Investors who invest their capital gains in government-set-up venture funds will receive an exemption from capital gains tax. This will help startups attract more investors.

Choose Your Investor

Under this plan, startups have the option to choose between various VCs, giving them the freedom to select their investors.

Easy Exit

If a startup decides to wind up its business, it can close its operations within 90 days from the date of the winding-up application.

Meet Other Entrepreneurs

The government has proposed holding two startup fests annually, both nationally and internationally, where various stakeholders of startups can meet. This will provide significant networking opportunities.

Boosting Startups

The government is strongly encouraging the growth of startups. The benefits they receive are significant, leading more people to venture into the world of startups. The advantages offered under the Startup India initiative are not only empowering startups but also helping elevate India’s economy to new heights