Startup India Recognition

Startup India is an Indian government initiative that aims to create a strong ecosystem for nurturing innovation and startups in the country in order to drive long-term economic growth and create large-scale job opportunities. The government hopes to empower startups to grow through innovation and design through this initiative.

At Redback, we are continuously available to help you understand how to register a Startup India Registration.

The objectives of the Startup India Movement are outlined below. The action plan envisages supporting the startups and more:

  • Enhanced infrastructure, including incubation centres
  • IPR facilitation, including easier patent filing
  • The better regulatory environment, including the tax benefits, easier compliance, improved setting up of a company, fastest mechanism and more.
  • A goal to increase the funding opportunities
  • Provide a vast networking database for the entrepreneurs and other stakeholders in the startup ecosystem.

Eligibility Criteria

  • Period of Existence of Entity : The Period of existence and operations of the company should not exceed 10 years from the date of formation

  • Type of Entity: The DPIIT Certificate of Recognition is provided for the company which is incorporated as a Private Limited Company, a Limited Liability Partnership (LLP) or a Registered Partnership Firm.

  • Annual Turnover: To be eligible for the DPIIT Certificate of Recognition, the company must have an annual turnover of Rs. 100 crore in any of the fiscal years since its inception.

  • Original Entity: To be eligible for the DPIIT Certificate of Recognition, the company must not have been formed by splitting up or recreating an already existing entity.

  • Innovative & Scalable Entity: The entity should be working towards development or improvement of a product, process or service.

  • The entity should have a scalable business model with a high potential for wealth and employment creation. The company should have the potential to create jobs or wealth.

Procedure to get DPIIT Certificate

The entity should follow the below-mentioned simple steps to get the DPIIT certificate of recognition.

Incorporation of the Business

As stated above, the entity must first incorporate the business as a Private Limited Company or a Partnership firm or a Limited Liability Partnership (LLP).
Get in touch with mybusinessfilings.Com to register your company.

Registering Business with the Startup India Scheme

The business needs to be registered with the Startup India Scheme to get the DPIIT certificate of recognition.

Apply for Start-up Recognition

The applicant unit need to access the Start-up India Recognition portal for Register with Start-up India to get the DPIIT Certificate of Recognition for Startups.

Get the Startup Recognition Number

The DPIIT Certificate of Recognition for Startups will be issued after examination of the application and documents submitted.
Once the ministry approves the application and provides the unique startup recognition number, the startup can be registered with tax benefits.

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