Startup India Overview

Startup India is a flagship initiative launched by the Government of India in 2016 to foster innovation, economic growth, and entrepreneurship across the country. It aims to build a strong startup ecosystem by offering benefits like simplified regulatory compliance, tax exemptions, self-certification under labour and environmental laws, and easier access to funding. The initiative encourages young entrepreneurs to launch ventures by providing support through the Startup India portal, incubation centres, and mentorship programs. Recognized startups also get access to tools, networking events, and government tenders to scale quickly.

Benefits of Startup India Recognition

Being recognized under the Startup India scheme brings numerous advantages for eligible startups. Startups can avail a 3-year income tax exemption, exemption from angel tax, and self-certification in 6 labour and 3 environmental laws. They are also eligible to apply for funding under the Fund of Funds for Startups (FFS) and gain faster access to IPR (Intellectual Property Rights) benefits, including fee rebates and expedited processing. Additionally, recognized startups can participate in government tenders without prior experience or turnover conditions and access various mentorship and networking platforms for faster growth.

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