Centre of Excellence
For Aspiring SMEs

A Joint Initiative by IFCI & FISME

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Startup India Initiative

Department for Promotion of Industry and Internal Trade

Scheme Objective

Startup India is a flagship initiative of the Government of India, intended to catalyse startup culture and build a strong and inclusive ecosystem for innovation and entrepreneurship in India.

Scheme Details

Launched on 16th January, 2016, the Startup India Initiative has rolled out several programs with the objective of supporting entrepreneurs, building a robust startup ecosystem and transforming India into a country of job creators instead of job seekers. These programs are managed by a dedicated Startup India Team, which reports to the Department for Industrial Policy and Promotion (DPIIT).

Key Pillars of Support for Startups

  • Simplification and Handholding: Easier compliance, easier exit process for failed startups, legal support, fast tracking of patent applications and a website to reduce information asymmetry.
  • Funding & Incentives: Exemptions on Income Tax and Capital Gains Tax for eligible startups; a fund of funds to infuse more capital into the startup ecosystem and a credit guarantee scheme.
  • Incubation & Industry-Academia Partnerships: Creation of numerous incubators and innovation labs, events, competitions and grants.

Key Benefits

Startup India is a flagship initiative of the Government of India, intended to catalyse startup culture and build a strong and inclusive ecosystem for innovation and entrepreneurship in India.

Scheme Applicable For

Under the Startup India initiative, eligible companies can get recognised as Startups by DPIIT, in order to access a host of tax benefits, easier compliance, IPR fast-tracking & more. Learn more about eligibility & benefits below.

Where to apply

https://www.startupindia.gov.in/content/sih/en/startup-scheme.html

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