Start-up India<\/strong><\/a> are exempted from tax. Such exemption is allowed for a period of the initial three years. Any investment made by the incubator in excess of the market value is exempted.<\/p>\n\n\n\nInvestments made\nby angels are also exempt under this scheme. A tax holiday for the first three\nyears means start-ups can completely utilize the revenues for business\ndevelopment purposes only. Tax exemption can be considered as the big benefits of Start-ups under start-up India Scheme<\/p>\n\n\n\n
Single Window Clearance from Mobile App<\/h3>\n\n\n\n
The start-up India\ngives benefits to eligible companies to get register themselves through a\nsingle form which can be filled on accessing the app of Start-up India mobile\napp. There is only one form of application to allow start-ups to register\nthemselves.<\/p>\n\n\n\n
This application\nprovides start-ups with single-window clearances for approvals, registrations,\nfiling compliances, etc. and is the easiest way for any individual\nto start a start-up.<\/p>\n\n\n\n
Patent Protection<\/h3>\n\n\n\n
In case you have applied and ever registered for a\npatent and very much aware of the complicated and inefficient process. Although under this scheme several\ninitiative steps are taken by the government to protect your most valuable\nintellectual property. This involves a fast-track examination of patent\napplications along with the rebate of 80% of the total value of the patent fee\nis also authorized once the patent is filed.<\/p>\n\n\n\n
Relaxed Norms for Public Procurement<\/h3>\n\n\n\n
Start-up India has led to equal opportunities for both\nstart-ups and experienced entrepreneurs. Public obtainment norms have been\nrelaxed for start-ups. This makes them easy to go for public procurement. <\/p>\n\n\n\n
An Incubator Setup<\/h3>\n\n\n\n
The Start-up India scheme includes an incubator module\nas endorsed the public-private-partnership. The module gives the start-up,\nrequisite knowledge, and support that are required by the start-ups. Currently,\n118 incubators are powering the start-up ecosystem across India, helping the\nstart-up ecosystem. <\/p>\n\n\n\n
Networking Options<\/h3>\n\n\n\n
Under the scheme, start-ups get opportunities to meet\nother start-up stakeholders at a particular place and time. These meetings are\nheld twice a year.<\/p>\n\n\n\n
The meetings are conducted on both national as well as\ninternational levels. This opportunity provides start-ups to grow and develop\nafter looking at other start-ups and also provides the opportunity to seek\nfunds for their personal growth. It also gives them with a broader aspect of\ntheir day to day activities.<\/p>\n\n\n\n
Government Projects<\/h3>\n\n\n\n
Government tenders are usually large and have higher\nmonetary benefits. However, it is quite difficult to obtain. The reason behind\nis being the competitiveness involved in them.<\/p>\n\n\n\n
However, under this scheme, start-ups are given\nincentives to receive government tenders. They do not even have to have any\nprior experience to be eligible to receive such tenders. <\/p>\n\n\n\n
Research & Innovation Benefits<\/h3>\n\n\n\n
Start-up India encourages research and innovation among\nthose who aspire to become entrepreneurs. There are proposals to establish\nseven new research parks. It ensures that facilities are provided to\nstudents and start-ups for research and development of their products\n\/services.<\/p>\n\n\n\n
Concluding Remarks<\/h2>\n\n\n\n
As the government of India, started the start-up India Scheme to generate the employment and wealth creation and aims to develop or innovate products and services and increase employment rates in India. The benefits provided by the government to the newly businessmen who start a new start-up to follow it as the same and avails benefits accordingly. Kindly associate with the Corpbiz expert to know more about the benefits of start-ups in India.<\/p>\n\n\n\n
Read our article<\/b>:\nWhat are the Common Mistakes Made By Start-ups in India?\n<\/a><\/mark><\/p>\n","protected":false},"excerpt":{"rendered":"With the amendment to the Companies Act, India saw a change in its corporate governance. The launch of the Start-up India initiative by the Indian government is a major milestone. The benefits of the Start-up India program are numerous and have been instrumental in the development of entrepreneurship[1] culture in India. Seeing that, the start-ups […]<\/p>\n","protected":false},"author":32,"featured_media":25995,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[968],"tags":[1532],"acf":{"service_id":"250"},"authorName":"Komal Singh","authorImageUrl":"https:\/\/corpbiz.io\/learning\/wp-content\/uploads\/2020\/12\/processed.jpeg","authorDescription":"Komal Singh is a Legal scholar, having diverse experience in scripting research papers, articles & dissertations, which serves her main interest & competent in drafting legal documents. She has polished her skills in dealing with the matter related to consumer affairs and now building intelligible Legal Content for Corpbiz.","postViews":4177,"readingTime":3,"_links":{"self":[{"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/posts\/25992"}],"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\/32"}],"replies":[{"embeddable":true,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/comments?post=25992"}],"version-history":[{"count":9,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/posts\/25992\/revisions"}],"predecessor-version":[{"id":26003,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/posts\/25992\/revisions\/26003"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/media\/25995"}],"wp:attachment":[{"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/media?parent=25992"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/categories?post=25992"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/tags?post=25992"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
![\"Benefits](\"https:\/\/corpbiz.io\/learning\/wp-content\/uploads\/2021\/02\/Benefits-of-Start-ups-under-Start-up-India-Scheme.png\")
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