How to get Startup India Recognition: DPIIT

The Startup India initiative, launched in 2016 by the Government of India, aims to foster entrepreneurship and promote innovation by providing various incentives and support measures to startups. One of the key components of this initiative is the Startup India Recognition under DPIIT, which provides recognition and various benefits to eligible startups.

What is Startup India Recognition under DPIIT?

The Startup India Recognition under DPIIT (Department for Promotion of Industry and Internal Trade) is a recognition program for startups that meet the eligibility criteria specified by the government. Once a startup is recognized under this program, it becomes eligible for various benefits and incentives offered by the government to promote and support startups.

Eligibility Criteria for Startup India Recognition

To be eligible for Startup India Recognition, a startup must meet the following criteria:

1. The startup must be incorporated as a private limited company, a registered partnership firm, or a limited liability partnership.
2. The startup must not be more than 10 years old from the date of its incorporation.
3. The annual turnover of the startup must not exceed Rs. 100 crore for any of the financial years since its incorporation.
4. The startup must be working towards innovation, development, deployment, or commercialization of new products, processes, or services driven by technology or intellectual property.
5. The startup must have obtained certification from the Inter-Ministerial Board (IMB) set up by DPIIT.

Benefits of Startup India Recognition

Once a startup is recognized under the Startup India Recognition program, it becomes eligible for various benefits and incentives offered by the government, some of which include:

1. Self-certification: Startups are allowed to self-certify compliance with various labour and environmental laws for a period of five years, reducing the compliance burden on startups.
2. Tax benefits: Startups are eligible for a tax holiday for a period of three years, subject to certain conditions.
3. Funding support: Startups are eligible to apply for various funding schemes provided by the government and other financial institutions.
4. Simplified patent filing: Startups are eligible for a 80% rebate in patent filing fees and expedited examination of patent applications.
5. Incubation support: Startups are eligible for incubation support through various government-supported incubators and accelerators.
6. Networking opportunities: Startups are provided with opportunities to network with other startups, industry leaders, and investors through various events and programs.

Bonus Points: The Startup India Recognition under DPIIT is a valuable initiative that provides recognition and various benefits to eligible startups. By providing startups with tax benefits, funding support, and incubation support, among other benefits, this initiative has helped foster entrepreneurship and promote innovation in India. Startups are encouraged to take advantage of this program to accelerate their growth and achieve their goals.

Here are some frequently asked questions about the Startup India Recognition under DPIIT:

What is the Startup India Recognition under DPIIT?

The Startup India Recognition under DPIIT is a recognition program launched by the Government of India to provide recognition and various benefits to eligible startups.

What are the eligibility criteria for Startup India Recognition?

The eligibility criteria for Startup India Recognition include being incorporated as a private limited company, registered partnership firm, or limited liability partnership; not being more than 10 years old from the date of incorporation; having an annual turnover of less than Rs. 100 crore; and working towards innovation, development, deployment, or commercialization of new products, processes, or services driven by technology or intellectual property.

What are the benefits of Startup India Recognition?

The benefits of Startup India Recognition include self-certification of compliance with labour and environmental laws for a period of five years, tax holiday for three years, funding support, simplified patent filing, incubation support, and networking opportunities.

How can startups apply for Startup India Recognition?

Startups can apply for Startup India Recognition through the Startup India website. The application process involves submitting an online application form and supporting documents.

How long does it take to receive Startup India Recognition?

The time taken to receive Startup India Recognition can vary, but the government aims to complete the process within 2-4 weeks of receiving the application.

What is the Inter-Ministerial Board (IMB) for certification of startups?

The Inter-Ministerial Board (IMB) is a board set up by DPIIT to provide certification to startups that meet the eligibility criteria for Startup India Recognition.

Can foreign startups apply for Startup India Recognition?

Yes, foreign startups that meet the eligibility criteria can apply for Startup India Recognition.

Can startups that have already received funding apply for Startup India Recognition?

Yes, startups that have already received funding can apply for Startup India Recognition, provided they meet the eligibility criteria.

How can I know more about Startup India Recognition?

You can read more about DPIIT Recognition here https://www.compliancecalendar.in/startup-india-registration

What if I have some queries, who can I connect with?

You are welcome to reach out at Compliance Calendar on [email protected] or 9988424211.