Benefits under Startup Scheme
Benefits of Startup Registration
Self-Certification
Networking Options
Government Tenders
Research and Innovation Benefits
Startup Patent Application and IPR Protection
Startup India also dealt with the services of intellectual property and resources to protect the patented ideas of the startup against possible infringements. It also helps them commercialize their IPRs.
This includes:
Hassle-Free Winding Up Of the Company
SIDBI Fund as Corpus Fund
Allocation of Rs. 10,000 Cr. by Indian government for the development of the startups in the country.
Self-Certification
- Startups are more permeable to failure in the initial stage of their lifecycle. Startups are permitted for self-certification with nine labor and circumjacent laws.
- Concerned authorities would not conduct any sort of investigation for a period of 3 years.
- Under the Startup India scheme does not need to entertain any tax liabilities for 3 years.
- Incoming funds from hatcher and apostle investors are also exempted.
- The tax exemption for 3 years means that a startup can capitalize on the funds in their own way and use it for business growth.
Networking Options
- An advantage allows the startups to discover more alternatives for funding as well as a business idea to ascertain growth.
Government Tenders
- Government projects are underpinned with evolution probable and monetary incentives.
- Government projects are not easy to enlist due to huge competition.
Research and Innovation Benefits
- Startup India research and advocates innovation among those who are projecting themselves as entrepreneurs in the upcoming time.
- The government is committed to establishing seven new research parks for the research and development of the products.
Startup Patent Application and IPR Protection
Startup India also dealt with the services of intellectual property and resources to protect the patented ideas of the startup against possible infringements. It also helps them commercialize their IPRs.
This includes:
- Swift processing of startup patent application.
- Rendering 80% rebate on the patent filing when contrasted with other companies.
- Rendering 50% rebate on the trademark filing when contrasted with other companies.
Hassle-Free Winding Up Of the Company
- Startups under the Startup India scheme can completion their business within 3 months.
- To ensure the consolidated closure of the foundation, startups should hire failure experts for liquidating the assets.
SIDBI Fund as Corpus Fund
Allocation of Rs. 10,000 Cr. by Indian government for the development of the startups in the country.