Startup India is a flagship initiative of the Government of India launched in 2016 to promote entrepreneurship, innovation, and job creation in the country. The program aims to foster a nurturing ecosystem for startups, providing them with various benefits, support, and incentives. One of the key aspects of Startup India is the registration process, which offers startups the official recognition and eligibility to avail the benefits under the scheme.
The registration process involves the following steps:
Business Incorporation Stage: Register your startup as a private limited company, limited liability partnership, or registered partnership firm.
Initiate the Startup India Registration Process: Visit the Startup India Scheme website, register your company on the Shram Suvidha Portal, and create a profile.
Get the DPIIT Recognition: Obtain recognition from the Department for Promotion of Industry and Internal Trade (DPIIT) to avail benefits.
Submit Documents for Registration: Provide the required documents along with a brief description of your startup’s activities and innovation.
The Startup India program aims to promote and support the startup ecosystem in India, providing an easy and rational registration process for eligible startups.
To register your startup under the Startup India program, you will need to provide the following documents:
Registration Certificate: Upload the certificate of incorporation for your company/LLP or the registration certificate in the case of a partnership firm.
Contact Details: Provide your email id, mobile number, and other contact information.
Company Details: Include information about your industry, sector of work, category of dealing, and registered office address.
Evidence of Concept: If your startup has early traction and validation, provide evidence of the concept, such as a pitch deck, video, or website link.
Details of Directors or Partners: Provide details of the directors or partners involved with the company, including their names, photo IDs, genders, contact numbers, email IDs, and addresses.
Details of Authorized Representatives: Include the names, contact details, designations, and email IDs of the authorized representatives.
Revenue Model and Product Uniqueness: Describe your startup’s revenue model and the uniqueness of your product or service.
PAN Details: Provide the PAN details of the startup.
Brief Description of Business: Offer a quick description of the innovative nature of your business.
To be eligible for Startup India registration, your organization must meet the following criteria:
Business Structure: The enterprise should be a private limited company or a limited liability partnership.
Age of the Company: The startup must not have completed ten years from the date of incorporation or registration.
Turnover Limit: The annual turnover of the startup should not exceed Rs. 100 crore for any financial year since incorporation.
Innovation Focus: The startup should be working towards development, innovation, or improvement of services or processes to generate employment or create wealth.
Not a Reconstructed Business: The startup should not have been formed by splitting or reconstructing any existing business.
DIPP Approval: The startup needs to obtain approval from the Department of Industrial Policy and Promotion (DIPP).
Backing from Incubation, Angel Fund, or PE Fund: The startup should be supported by an incubation fund, angel fund, or private equity fund.
Supporter Guarantee and Proposal Letter: The startup should have a supporter guarantee from the Indian patent and trademark office and a proposal letter from an incubator.
Capital Gain Exemption: The startup should be eligible for income tax exemption under the Startup India scheme.
Innovative Ideas, Products, or Services: The startup should offer innovative ideas, products, or services.
Registration of Angel Fund, Incubation Fund, etc.: Angel fund, incubation fund, accelerators, private equity fund, and angel network should be registered under SEBI.
