Imagine, Create, Innovate your idea and get boosted by the benefits of startup India registration.
The scheme of startup India registration was brought by the government of India to boost the country's economy. The startup ecosystem was brought into existence to turn job seekers into job creators. The online Startup India Registration infuses the economical sufficiency among the citizens of India. The Startup India Scheme is managed by the Department for Industrial Policy and Promotion ( DPIIT).
To eradicate the deficiency of job deficiency, the Government of India brought in the start-up India scheme in 2016. The major motive of this scene was to add growth to the Indian start-ups. The scheme has opened the ways for new business ideas in India. Taking advantage of the scheme, India has achieved an era of job creation. Where the people were searching for employment opportunities, the people turned into creating their jobs. Besides being the job creator, this scheme also paved the way for multiple job opportunities for others. In simple words, the Start-up India scheme widened the scope of job creation and also the innovations.
Any business organization or company which is eligible to be called a Start-Up under the provisions of DPIIT (Department for Industrial Policy). The company shall abide by the following pre-requisites to come under the category of "Indian Start-ups" :
Start-Ups registered under DPIIT enjoy the following benefits:
The benefits of Start-up India Registration can be listed as follows:
Following are the documents required to get a start-up registered in India:
The foremost step towards Startup registration in India is the submission of a recommendation letter along with a registration form. The letter will be accepted for any of the following grounds:
A recommendation for a business of any innovative nature. The recommendation shall be from an incubator acceptable in a PG college of India. the format must be the same as mentions in the provisions of DIPP; or
A letter of recommendation laying out the requirement of funds for the concerned startup by an incubator for any kind of innovation motive; or
A letter of recommendation from an incubator duly recognized by the Indian Government; or
A letter of funding having equity of at least 20% recommended by any incubation fund, Private equity fund, angel network, duly registered with SEBI to promote any innovative business.
A funding letter was issued by the Indian Government to encourage the startup. Recommendations by the Indian patent office.
The very first requirement in order to get registered as a startup, the business shall be registered either as a Private Limited Company or a Limited Liability Partnership.
Kudos saves you from the complex process of a Start-Up registration. Get your start-up registered in just a few simple steps:
Place your request in the contact form below. Our Business Experts shall connect to you shortly