Startup India is a new scheme which is brought by the Indian Government to support new businesses and ideas. The aim is to create a place where fresh ideas can be brought, boosting the economy and generating many no. of job opportunities.

The government aims to equip startups with all the needed resources for success, such as improved workspaces, simpler procedures for safeguarding their ideas, and easier regulations for them to follow as startups. They also aim to simplify the process for startups to secure funding and network with others in the startup community with these objectives:

• Enhanced infrastructure
• Establishment of incubation centres.
• IPR facilitation
• Simplified patent filing procedures.
• Better regulatory environment:
• Tax benefits and easier compliance.
• Simplified company setup process.
• Faster mechanisms for approvals.
• Goal to increase funding opportunities.
• Vast networking database

What is the Startup India Scheme?

Startup India is a scheme that has been given by the Indian Government to support as well as at the same time also develop new businesses in the country. The main goal of Startup India is to make India such a place for new businesses to start and grow. When new businesses join the Startup India program, they receive no. of benefits like not having to pay some taxes, getting financial assistance, and having access to special places called incubators.

This plan began in 2016 and has really made India a welcoming place for new businesses. It promotes new ideas and creates employment opportunities.

Benefits of Startup India Registration

Given below are the advantages of startup registration in india:

Eligibility for Startup India Registration

Given below is the main eligibility criteria for start up india registration:

Documents Required for Startup India Registration

Given below are the main set of documents required to register a startup in india:

Procedure to get DPIIT Certificate

The steps to Obtain DPIIT startup India Certificate are:

• Incorporate Your Business:

• Set up your business as a Pvt ltd co., Partnership firm, or LLP
• Contact StartupFino to help with the registration process.

• Register with Startup India Scheme:

• Ensure your business is registered under the Startup India Scheme.

• Apply for Startup Recognition:

Access the Start-up India Recognition portal to initiate the application process.

Provide the following details in the application:

• Entity Details: Nature of Entity, Industry, Sector, Categories, Company Incorporation Number, and Registration Date.
• Full Address of the Entity.
• Details of the Authorised Representative.
• Directors or Partner Details.
• Details of Intellectual Property Rights.
• Details of funding.
• Any previous recognition received by the entity.

• Obtain Startup Recognition Number:

• The DPIIT startup India Certificate of Recognition for Startups will be issued after reviewing the application and documents submitted.
• Upon approval, the ministry will provide a unique startup recognition number.

• Register for Tax Benefits:

• Once you have the startup recognition number, you can register your startup to avail tax benefits.

Startup India Registration Process

Given below are the steps for startup registration process in India:

Step 1: Incorporate Your Business

• Choose the type of business: Pvt ltd co., Partnership firm, or LLP
• Follow normal registration procedures, including submitting the registration application and obtaining the Certificate of Incorporation or Partnership registration.
• Submit required documents and fees along with the registration application.

Step 2: Register with Startup India

• Visit the Startup India website and click on the ‘Register’ button.
• Enter your name, email ID, mobile number, and password. Click on ‘Register’.
• Verify your email by entering the OTP sent to your email address.
• Fill in details like type of user, name, and stage of the startup. Click ‘Submit’ to create your Startup India profile.
• With your profile, you can apply for acceleration programs, mentorship, funding options, government schemes, and access learning resources.

Step 3: Get DPIIT Recognition

• Log in to your Startup India profile.
• Click on ‘Apply for DPIIT Recognition’ under the ‘Recognition’ tab.
• This recognition offers benefits like intellectual property services, relaxation in procurement norms, tax exemptions, etc.
• Click ‘Apply Now’ and complete the Startup Recognition Form on the National Single Window System (NSWS) website.
• Provide entity details, office address, representative, directors/partners details, startup activities, etc.
• Accept terms and conditions and click ‘Submit’.

Step 4: Recognition Application

• Fill in all sections of the Startup Recognition Form.
• Accept terms and conditions and click ‘Submit’.

Step 5: Documents for Registration

These include:

• Incorporation/Registration Certificate
• Proof of funding
• Authorisation letter of the representative
• Proof of concept (pitch deck/website link/video)
• Patent and trademark details
• List of awards or certificates
• PAN Number

Step 6: Recognition Number

• After applying, you'll receive a recognition number.
• The certificate of recognition is issued within 2 days after online submission.

Step 7: Other Areas

• Patents, trademarks, and design registration: Approach facilitators listed by the government for reduced fees.
• Funding: Access Startup India Seed Fund Scheme (SISFS) for financial assistance.
• Self Certification Under Employment and Labour Laws: Startups can self-certify under labour and environment laws to reduce compliance costs.

Tax Exemption: Startups are exempt from income tax for 3 years, subject to certification by the Inter-Ministerial Board (IMB).

Key Features of the Fund of Funds

Some major features of the Fund of Funds:

• Managed by Small Industries Development Bank of India (SIDBI)
• Co-investor: Life Insurance Corporation (LIC)
• Contributes up to 50% of SEBI registered Venture Funds ("daughter funds")
• Daughter funds must raise remaining 50% to receive contribution
• Representatives on venture fund board based on contribution
• Supports various sectors: manufacturing, agriculture, health, education, etc.

Why Choose StartupFino for Startup India Registration?

Startupfino is a startup like yours, and we know how tricky it can be to get registered with Startup India. Our team of experts works hard to help new businesses like yours without any trouble. So, we'll make sure to take care of your Startup India registration carefully and responsibly.