Startup India Recognition

Startup India 

Startup India Recognition is an initiative launched by the Indian government in January 2016 to promote startups in India. The objective of the initiative is to create a conducive environment for the growth of startups, which can help in generating employment opportunities, creating wealth, and promoting innovation.

Under the Startup India Recognition program, eligible startups can apply for recognition and avail of various benefits offered by the government. To be eligible for recognition, a startup should be incorporated as a private limited company or a registered partnership firm or a limited liability partnership. The startup should not be more than ten years old and should have an annual turnover of less than Rs 100 crore.

The Startup India Recognition program has helped to create a thriving ecosystem for startups in India, with many new companies coming up in various sectors. The program has also helped to attract foreign investment and create new employment opportunities in the country.

Eligibility Criteria

To be eligible for recognition under the Startup India Recognition program in India, a startup needs to fulfill the following criteria:

1. The startup should be incorporated as a private limited company or a registered partnership firm or a limited liability partnership.

2. The age of the startup should be less than 10 years from the date of incorporation.

3. The annual turnover of the startup should be less than Rs 100 crore in any preceding financial year.

4. The startup should be working towards innovation, development, deployment or commercialization of new products, processes, or services driven by technology or intellectual property.

5. The startup should not have been formed by splitting up or reconstruction of an already existing business.

6. The startup should have a recommendation letter from an incubator established in a post-graduate college in India, or an incubator recognized by the Government of India, or a letter of support by any Incubator which is funded (in relation to the project) from Government of India as part of any specified scheme to promote innovation.

7. Alternatively, the startup can also have a letter of funding of at least 20% in equity by any Incubation Fund, Angel Fund, Private Equity Fund, Accelerator, Angel Network, or any other fund or fund of funds recognized by the Government of India.

Procedure to get DPIIT Certificate

To get the DPIIT certificate of recognition, the entity must take the short procedures listed below.

Formation of the Company
As previously said, the entity must first incorporate the business as a Limited Liability Partnership, a Private Limited Corporation, or a Partnership firm (LLP).

For assistance with registering your business, contact IndiaFilings.Com.

Company registration under the Startup India Program
For the firm to receive the DPIIT certificate of recognition, it must be registered with the Startup India Program.

Apply for Start-up Recognition

1. Visit the Startup India Portal: Visit the official Startup India portal at and create an account.

2. Fill in the Application Form: Once you have created an account, you need to fill in the application form with all the relevant details, such as the name of the startup, the date of incorporation, the address, and the industry sector.

3. Upload the Documents: You will also need to upload certain documents to support your application, such as the Certificate of Incorporation, PAN card, and a recommendation letter from an incubator or a funding agency.

4. Submit the Application: Once you have filled in the application form and uploaded the necessary documents, you can submit the application online through the Startup India portal.

5. Verification: The DPIIT (Department for Promotion of Industry and Internal Trade) will verify your application and the documents submitted by you.

6. Issue of Certificate: If your startup meets all the eligibility criteria, the DPIIT will issue a Startup India Certificate to you.

Benefits for DPIIT Recognized Startups

DPIIT (Department for Promotion of Industry and Internal Trade) recognized startups in India are eligible for a range of benefits under the Startup India program. Some of the key benefits are:

1. Tax Exemption: DPIIT recognized startups are eligible for tax exemption under Section 80-IAC of the Income Tax Act for a period of three consecutive years out of their first ten years since incorporation.

2. Self-certification under Labour and Environmental Laws: DPIIT recognized startups are allowed to self-certify their compliance with various labour and environmental laws for a period of five years, thereby reducing the regulatory burden on them.

3. Faster Patent Processing: DPIIT recognized startups can avail of fast-track processing of their patent applications, which means that they can get their patents granted in a much shorter time frame.

4. Funding Support: DPIIT recognized startups can access various government funding schemes, such as the Fund of Funds for Startups, which provides funding support to eligible startups through selected Venture Capital Funds.

5. Networking and Mentorship: DPIIT recognized startups can access a dedicated startup hub for networking and mentorship. The hub provides a platform for startups to connect with other entrepreneurs, investors, mentors, and service providers.

6. Government Tenders: DPIIT recognized startups can participate in government tenders without the need to submit a separate bid security.