A start-up is a newly established business, typically small, founded by an individual or a group of individuals. What sets it apart from other new businesses is its focus on innovation, offering a new product or service that is not available elsewhere in the same way. The business either introduces a completely new product or service or enhances an existing one.

The Start-up India Scheme, launched by the Government of India in 2016, aims to promote start-ups, generate employment, and foster wealth creation. Through various programs, the initiative seeks to build a robust start-up ecosystem and transform India into a nation of job creators rather than job seekers. These programs are overseen by the Department for Industrial Policy and Promotion (DPIIT).

At Start Up Mates, we understand the challenges of starting a business. Let us assist you from the initial incorporation of your company to obtaining recognition for your start-up, allowing you to focus on your core areas of expertise.

Benefits Of Start-Up

  • The Start-up India Scheme offers numerous benefits to start-ups. However, to avail these benefits, an entity needs to be recognized by the DPIIT as a start-up.
  • Start-ups have the privilege of self-certifying their compliance with six labour laws and three environmental laws for a total period of five years from the date of incorporation or registration of the entity.
  • Additionally, start-ups enjoy a three-year tax exemption and have access to top-notch intellectual property services and resources designed specifically to assist in protecting and commercializing their intellectual property rights (IPRs).
  • The scheme also streamlines the winding-up process, allowing for easy closure within 90 days under the Insolvency and Bankruptcy Code, 2016.
  • Furthermore, patent and trademark applications receive fast-track processing, and the government offers up to an 80% rebate. At Start Up Mates, we are dedicated to helping start-ups leverage these benefits and navigate the complex landscape of intellectual property rights.

Process to Register under Start-up India

Incorporate your business

You must first incorporate your business as a Private Limited Company or a Partnership firm or a Limited Liability Partnership. To know more about these forms of entities, click here.

Register with Start-up India

Then the business must be registered as a start-up. The entire process is simple and online. All you need to do is log on to https://www.startupindia.gov.in/ and fill up the form with details of your business and upload certain documents.

Documents to be uploaded (in PDF format only)
  • A letter of recommendation/support
  • Incorporation/Registration Certificate
  • Description of your business in brief
Self-certify below conditions
  • You must register your new company as a Private Limited Company, Partnership firm or a Limited Liability Partnership
  • Your business must be incorporated/registered in India, not before 5 years.
  • Turnover must be less than 25 crore per year.
  • Innovation is a must– the business must be working towards innovating something new or significantly improving the existing used technology.
  • Your business must not be as a result of splitting up or reconstruction of an existing business.
Immediately get recognition number

On applying you will immediately get a recognition number for your startup. The certificate of recognition will be issued after the examination of all your documents.

Other Areas

Patent/ trademark : You can easily approach any from the list of facilitators issued by the government. You will need to bear only the statutory fees thus getting an 80% reduction in fees.
Funding : Government has set-up Fund of Funds to provide funding support to Start-ups.