Tag: startup india program

Categories
Startup

Startup India Scheme: What Qualifies a Startup Under This Scheme? Here’s How Can One Register a Profile Online on startupindia.gov.in

Startups (Photo Credits: Pexels)

The Startup India initiative launched by the government on January 16, 2016, aims at fostering entrepreneurship and promoting innovation by creating an ecosystem that is conducive to the growth of startups. In India, as many as 44,534 startups have been recognised by the department for the promotion of industry and internal trade (DPIIT).

What qualifies as a ‘Startup’ under Startup India Scheme

An entity shall be considered as a Startup:

1. If it is incorporated as a private limited company or registered as a partnership firm or a limited liability partnership in India

2. Up to 10 years from the date of its incorporation or registration

3. If its turnover for any of the financial years since incorporation/registration has not exceeded Rs 100 Crores

4. If it is working towards innovation, development or improvement of products or processes or services, or if it is a scalable business model with a high potential of employment generation or wealth creation

It must be noted that an entity formed by splitting up or reconstruction of a business already in existence shall not be considered a ‘Startup’.

How Can I register a profile online on the Startup India website:

  1. Visit the Startup India website startupindia.gov.inand click on ‘Register’ at the right side of the website where the profile photo box appears on the screen.
  2. Fill in the details as required in the registration form.
  3. An OTP will be sent to your registered email address, post submitting which your profile will get created.

 

Categories
Startup

Startup India Initiative Gains Momentum, Total 44,534 Startups Recognised by DPIIT So Far, 339 Startups Granted Income Tax Exemptions

startup ipo india

New Delhi, March 12: Under the Startup India initiative launched by the government, as many as 44,534 startups in India have been recognised by the Department for the Promotion of Industry and Internal Trade (DPIIT). The numbers have been updated as of February 24 this year, Minister of State for Commerce and Industry Som Parkash said in the Parliament on Wednesday. Startup India is a flagship initiative of the Government whoch aims to build a strong ecosystem that is conducive for the growth of startup businesses, to drive sustainable economic growth and generate large scale employment opportunities.

Startup India, a flagship initiative of the government launched on January 16, 2016, aims at fostering entrepreneurship and promoting innovation by creating an ecosystem that is conducive to the growth of startups. “Since, the launch of Startup India initiative, a total of 44,534 startups have been recognised by the DPIIT as on February 24, 2021,” he said.

Reports inform that as many as 339 startups have been granted income tax exemptions till January 2021. The recognised startups are eligible for several benefits under the Startup India initiative. They avail tax exemptions besides other support measures. Prakash said that startups are eligible for an 80 percent rebate in patent filing fees and 50 percent on trademark filing fees.

Giving details about the startups in India, the Minister informed that so far, 5,253 applications for patents have been filed by startups under the SIPP (startups intellectual property protection) Scheme, out of which 514 patents have been granted. Till November 2020, a total number of Trademark applications filed – 12,264.

Under the Startup India initiative, the Government aims to empower startups to grow through innovation and design. Several programs have been undertaken since its launch in January 2016 with an aim to contribute to his vision of transforming India into a country of job creators instead of job seekers. These programs have catalyzed the startup culture, with startups getting recognized through the Startup India initiative and many entrepreneurs availing the benefits of starting their own business in India.

Categories
Startup

Prarambha: Everything you must know about the Startup India International Summit!

startup india

New Year brings new opportunities as the Department of Industry & Internal Trade  (DPIIT) is set to host “Prarambh”- the Startup India International Summit on the 15th & 16th of January 2021 in a virtual format.

The summit, which is likely to be addressed by the Hon`ble Prime Minister of India will also mark the 5th Anniversary of “Startup India’ which was launched on 16th, January 2021.

This startup India program has not only brought the entire concept under the limelight but also accelerated the entire Indian startup ecosystem to expand. It has also motivated Indian entrepreneurs to build innovative solutions for domestic and international needs.

The significance of the startup India international summit 2021- Prarambh is such that even the Prime Minister of India has urged the youngsters to join the summit. In his latest post shared on the social networking site LinkedIn, he emphasized the work-from-home culture that has become the new normal during the lockdown, courtesy to COVID 19 global pandemic.

“With most of the events held virtually, it has given a golden chance to all the youngsters to be a part of many interesting domestic as well as global forums. Prarambha is also one such opportunity that is coming up on 15-16 January. I urge our youth to be a part of it”, he further added.

The summit aims to bring together the sharpest minds from distinct industries, investment, academia, finance, and banking along with young start-up leaders on a common platform. Its main goal is to inspire the youth and encourage innovation and entrepreneurship.

As the event will be held online, anyone can join the event without having to travel anywhere.

The spirit of India`s youth is unmatched. The curiosity to come up with innovative ideas has led to outstanding results. Our start-up heroes not only coming from big cities but also hail from smaller cities, which is a good sign, he added.

Here is how to register for the startup India international summit 2021:

  • Interested youngsters can visit the official site https://www.theprarambh.in to register for the event.
  • Fill in the required details (name, address, e-mail id, sector, city, state, country).
  • Submit the details and click on ‘Register Now’.

To get more details about panelists, speakers, partners & agenda associated with Startup India International Summit, check the official website: www.theprarambh.in

Join Everything about Entrepreneurship Course and arm your start-up idea with the right tools and see the possibilities grow. Visit https://www.badabusiness.com/?ref_code=ArticlesLeads