Start Up Services

  • Compliance regime based on self-certification
  • The objective is to reduce the regulatory burden on startups. This self-certification will apply to various laws. For instance, payment of gratuity, contract Labour, employees provident fund, water and air pollution acts.
  • Startup India hub
  • A startup India hub will be created for the entire startup ecosystem to enable knowledge exchange and access to funding.
  • Simplifying the startup process
  • A startup can be started by just filling up a form through a mobile app and online portal.
  • Patent protection
  • The government is also planning on a legal support for fast-tracking patent examination at lower costs.
  • Fund Support by government
  • Credit Guarantee Fund
  • Exemption from Capital Gains Tax
  • Tax exemption for startups
  • Income tax exemption to startups announced for three years
  • Tax exemption on investments above Fair Market Value
  • Startup fests
  • Setting up of 35 new incubators in institutions
  • Setting up of 7 new research parks
  • Promote entrepreneurship in biotechnology
  • Innovation focused programs for students
  • Panel of facilitators to provide legal support and assist in filing of patent application
  • 80 per cent rebate on filing patent applications by startups
  • Relaxed norms of public procurement for startups
  • Faster exits for startups