Startup Registration

Startup India is an Indian Government initiative that is intended to build a strong eco-system for nurturing innovation and startups in the country to drive sustainable economic growth and generate large scale employment opportunities. Through this initiative, the government aims to empower Startups to grow through innovation and design.

The objectives of the Startup India Movement are outlined below. The action plan envisages supporting the startups and more:

Enhanced infrastructure, including incubation centres

IPR facilitation, including easier patent filing

The better regulatory environment, including the tax benefits, easier compliance, improved setting up of a company, fastest mechanism and more.

A goal to increase the funding opportunities

Provide a vast networking database for the entrepreneurs and other stakeholders in the startup ecosystem.

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Overview

On 15 august 2015, a new vision for the Indian economy was announced which aimed at tapping the entrepreneurial potential of the people of India.A vision that enabled the talent of India to dream of ideas, put them in action, and convert them into game changing ventures. On January 16, 2016, the government launched the ‘start-up India’ program. The DPIIT has relaxed the definition of a start-up to allow more entities to apply for recognition. With the relaxations, there has been a jump in the application of entities to be recognised as start-ups.