What is a Startup?

It is an initiative commenced by the Government of India with the motive to catalyse the startup culture and develop a comprehensive and robust ecosystem for innovation. Prime Minister, Shri Narendra Modi Ji, first declared the Start-up India campaign on 15th August 2015.

The start-up India scheme is focussing on three areas,

• Providing funding support and incentives.
• Simplification and handholding.
• Industrial-academia partnership and incubation.

After this scheme, India has emerged as the third-largest ecosystem globally with constant annual growth of 12% to 15%. In 2018, India had 50,000 start-ups, while in 2019, India has approximately 8,900 to 9,300 (technology-led start-ups).

India Startups has extended all over India, focusing on encouraging women entrepreneurship and stimulating an inclusive and innovative environment. Further, efforts are made by various stakeholders in the Indian startup ecosystem to uplift the domestic policies in concurrence with global trends.

Start-up India registration provides various benefits such as tax exemption for three consecutive years, fewer Trademark Registration fees and patent registration, etc.

LIST OF DOCUMENTS
• Certificate of incorporation/ Registration certificate or PAN.
• The individuality of the product or revenue model.
• Brief information regarding business, product, or service and notes on innovation.
• Information regarding the company such as sector, registered address of office, etc.
• Details of directors or partners.
• Information of Authorized Representative.

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