{"id":15882,"date":"2020-09-05T16:49:03","date_gmt":"2020-09-05T11:19:03","guid":{"rendered":"https:\/\/corpbiz.io\/learning\/?p=15882"},"modified":"2021-10-08T16:03:09","modified_gmt":"2021-10-08T10:33:09","slug":"benefits-of-startup-india-registration-in-india","status":"publish","type":"post","link":"https:\/\/corpbiz.io\/learning\/benefits-of-startup-india-registration-in-india\/","title":{"rendered":"Benefits of Startup India Registration in India"},"content":{"rendered":"\n<p class=\"has-drop-cap\">Ever since the Startup India scheme launched in the country,\nthe innovators from pan India are gathering on a common portal that embraces\nnew ideas and advocates employment. <\/p>\n\n\n\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_82_2 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title ez-toc-toggle\" style=\"cursor:pointer\">Page Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/corpbiz.io\/learning\/benefits-of-startup-india-registration-in-india\/#Startup_India_Scheme\" >Startup India Scheme<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/corpbiz.io\/learning\/benefits-of-startup-india-registration-in-india\/#Benefits_of_Startup_India_Registration\" >Benefits of Startup India Registration<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/corpbiz.io\/learning\/benefits-of-startup-india-registration-in-india\/#Key_features_of_Startup_India_Campaign\" >Key features of Startup India Campaign<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/corpbiz.io\/learning\/benefits-of-startup-india-registration-in-india\/#Conclusion\" >Conclusion<\/a><\/li><\/ul><\/nav><\/div>\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Startup_India_Scheme\"><\/span>Startup India Scheme<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The ultimate objective of the Startup India scheme is to trigger the sense of innovation among upcoming entrepreneurs. The startup India scheme was established to trigger employment in the country and encourage economic growth. Through this initiative, the government is striving to embrace new ideas, research, and innovation. Let\u2019s explore the benefits of <a href=\"https:\/\/corpbiz.io\/startup-india-registration\"><strong>Startup India registration<\/strong><\/a>. <\/p>\n\n\n\n<div class=\"mt-3 mb-3 embed-responsive embed-responsive-16by9\"><iframe class=\"embed-responsive-item\" src=\"https:\/\/www.youtube.com\/embed\/tdGx3nQyZT4\" frameborder=\"0\" allow=\"accelerometer; autoplay; encrypted-media; gyroscope; picture-in-picture\" allowfullscreen=\"\"><\/iframe><\/div>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Benefits_of_Startup_India_Registration\"><\/span>Benefits of Startup India Registration<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter\"><img decoding=\"async\" width=\"598\" height=\"228\" src=\"https:\/\/corpbiz.io\/learning\/wp-content\/uploads\/2020\/09\/image-26.png\" alt=\"Benefits of Startup India Registration\" class=\"wp-image-15916\" srcset=\"https:\/\/corpbiz.io\/learning\/wp-content\/uploads\/2020\/09\/image-26.png 598w, https:\/\/corpbiz.io\/learning\/wp-content\/uploads\/2020\/09\/image-26-300x114.png 300w\" sizes=\"(max-width: 598px) 100vw, 598px\" \/><\/figure><\/div>\n\n\n\n<h3 class=\"wp-block-heading\">Self-Certification<\/h3>\n\n\n\n<p>Startups are more vulnerable to failure in the initial stage\nof their lifecycle. These entities often found themselves in a dilemma of\nsafeguarding the existence against the odds, including government compliances.\nBut thanks to Startup India initiatives, which offer them a cushion against\nsuch turbulence by shredding off some tight regulations. Now startups are\npermitted for self-certification with nine labor and environmental laws. <\/p>\n\n\n\n<p>The respective authorities would not conduct any sort of\ninvestigation for a period of three years. However, in the case of verifiable\nviolations, the concerned authority might issue an investigation order and send\nan official to look into the matter. In the case of environment laws, startups\nthat come under the \u2018white category\u2019 of the Central Pollution Control Board\n(CPCB) are eligible for self-certified compliance. Only random investigation\nwould be applicable to them.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Tax Exemption<\/h3>\n\n\n\n<p>The startup working under the Startup India scheme does not\nneed to entertain any tax liabilities for three years. Moreover, incoming funds\nfrom incubators and angel investors are also exempted. The tax exemption for\nthree years means that a startup can capitalize on the funds in their own way\nand use it for business growth. Furthermore, the government also provides some\ntax relaxation on the front investment above the fair market value. This is\nprobably one of the prominent benefits of Startup India registration. <\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Mobile App<\/h3>\n\n\n\n<p>One of the significant advantages of Startup India includes\nrendering firms is an option for registration via a single form. The\nregistration process can also be completed through a Startup India mobile\napplication. The application encloses a single form that permits startups to\ncomplete the registration formalities. <\/p>\n\n\n\n<p>This mobile application yields single-window clearances for\nthe startups that let cater to formalities regarding registrations, approvals,\nfiling compliances, etc. The application has laid platform for startups to get\nregistered in a few taps. Embracing the online portal is one of the best\nbenefits of Startup India registration. <\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Networking Options<\/h3>\n\n\n\n<p>The Startup India scheme allows startups to interact with other startup stakeholders at a specific place and time. These meetings are conducted twice annually in the form of a fest. These fests are being held on domestic as well as on international levels. Such an advantage allows the startups to explore more alternatives for funding as well as a business idea to ensure growth.<\/p>\n\n\n\n<p class=\"text-left\"><b>Read our article<\/b>:<mark style=\"background: #fffd03 !important;\"><a href=\"https:\/\/corpbiz.io\/learning\/legal-steps-for-the-new-company-incorporation-in-india\/\">Steps for the New Company Incorporation in India \u2013 Complete Procedure<\/a><\/mark><\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Government Tenders<\/h3>\n\n\n\n<p>Government projects are underpinned with growth potential\nand monetary incentives. Unfortunately, government projects are not easy to\nobtain due to huge competition. The startup India scheme has given some\nallowance to eligible entities by providing them easy access to such tender. <\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Research and Innovation Benefits<\/h3>\n\n\n\n<p>Startup India advocates innovation and research among those\nwho are projecting themselves as entrepreneurs in the upcoming time. The\ngovernment is taking every possible measure to support such individuals. The\ngovernment is committed to establishing seven new research parks for the\nresearch and development of the products. Embracing new ideas and innovation is\none of the critical benefits of Startup India registration.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Startup Patent Application and IPR Protection<\/h3>\n\n\n\n<p>Startup India also dealt with the services of intellectual\nproperty and resources to protect the patented ideas of the startup against the\npossible infringements. It also helps them commercialize their IPRs. This\nincludes: <\/p>\n\n\n\n<ul><li>Swift processing of startup patent application.<\/li><li>Rendering 80% rebate on the patent filing when\ncontrasted with other companies.&nbsp; <\/li><li>Rendering 50% rebate on the trademark filing\nwhen contrasted with other companies. <\/li><li>A panel to assist the startups on the front of\ngovernment support and IP applications. <\/li><\/ul>\n\n\n\n<h3 class=\"wp-block-heading\">Hassle-Free Winding Up Of the Company <\/h3>\n\n\n\n<p>Startups under the Startup India scheme can wind up their\nbusiness within three months. Moreover, to ensure the seamless closure of the\nestablishment, startups should hire insolvency experts for liquidating the\nassets. <\/p>\n\n\n\n<h3 class=\"wp-block-heading\">SIDBI Fund as Corpus Fund<\/h3>\n\n\n\n<p>The Indian government has allocated Rs 10,000 Cr. for the\ndevelopment of the startups in the country. The management of such funds is\ndone for SIDBI and its jobs to render equity funding support for the\ninnovation-driven enterprises. <\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Access to the Government Marketplace<\/h3>\n\n\n\n<p>Government e-Marketplace (GeM) is the web-based portal and one of the prominent markets for Government Departments to procure services and products. DPI Recognized Startups are permitted to use such a platform to sell their offerings to government-based entities. This opens a door of opportunities for startups looking to work on trail orders with the government. <\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Key_features_of_Startup_India_Campaign\"><\/span>Key features of Startup India Campaign <span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<ul><li>Single Window Clearance via the mobile application<\/li><li>Corpus fund of Rs 10,000 crore to triggers the development of the startup. <\/li><li>The <a href=\"https:\/\/corpbiz.io\/patent-registration\"><strong>patent registration<\/strong><\/a> fee would be 80% less than the original fee. <\/li><li>Liberalized Bankruptcy Code for the seamless exit. <\/li><li>Three years of relief from mystifying inspections<\/li><li>Three years of relief from the <strong><em>Capital Gain Tax<\/em><\/strong><sup><a href=\"https:\/\/en.wikipedia.org\/wiki\/Capital_gains_tax\"><strong><em>[1]<\/em><\/strong><\/a><\/sup>. <\/li><li>No tax on profit for 3 years<\/li><li>The non-existence of red tape<\/li><li>Self-certification compliance<\/li><li>Innovation hub for business enthusiast under Atal Innovation Mission<\/li><li>New schemes having provisions for IPR protection to start-ups and new firms<\/li><li>Encourage innovation and entrepreneurship.<\/li><\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Conclusion\"><\/span>Conclusion<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The Indian government has launched the Startup India scheme to boost employment in the country. It also supports innovation and research by providing the base for new business ideas seeking funds to thrive in the competitive space. Being a government-driven initiative, the Startup India scheme hosts an array of features that support the development and embrace change for a better future. It is also likely to increase the employment rate significantly by creating jobs for different sectors. <\/p>\n\n\n\n<p class=\"text-left\"><b>Read our article<\/b>:<mark style=\"background: #fffd03 !important;\"><a href=\"https:\/\/corpbiz.io\/learning\/registration-mistakes-made-by-startups\/\">An Outlook on Registration Mistakes made by Startups<\/a><\/mark><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ever since the Startup India scheme launched in the country, the innovators from pan India are gathering on a common portal that embraces new ideas and advocates employment. Startup India Scheme The ultimate objective of the Startup India scheme is to trigger the sense of innovation among upcoming entrepreneurs. The startup India scheme was established [&hellip;]<\/p>\n","protected":false},"author":22,"featured_media":15915,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[968],"tags":[966],"acf":{"service_id":"250"},"authorName":"Pankaj Tyagi","authorImageUrl":"https:\/\/corpbiz.io\/learning\/wp-content\/uploads\/2022\/01\/MicrosoftTeams-image-42.jpg","authorDescription":"Pankaj has a diverse experience of writing research papers, blog, and articles during his college time. Earlier, he was working as a tax consultant in a financial firm, but his interest in writing drives him to pursue a career in the writing field.","postViews":12563,"readingTime":4,"_links":{"self":[{"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/posts\/15882"}],"collection":[{"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/users\/22"}],"replies":[{"embeddable":true,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/comments?post=15882"}],"version-history":[{"count":6,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/posts\/15882\/revisions"}],"predecessor-version":[{"id":36391,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/posts\/15882\/revisions\/36391"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/media\/15915"}],"wp:attachment":[{"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/media?parent=15882"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/categories?post=15882"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/tags?post=15882"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}