In this article, we go through the details of startup india, its purpose and information about using it for entrepreneurs. The scheme was started to make it easy for entrepreneurs to setup business and create an ecosystem for them to grow and flourish. It provides opportunities such as funding, networking and mentorship for new businesses. Additional benefits include help for setting up patents, etc to protect IP rights of a startup business.
Startup india logo
The startup India logo is allowed for use upon the guidelines of DIPP as established in this link: https://dsscic.nic.in/files/upload_compliance/Guidelines_logo.pdf. The logo is #startupindia for social recognitions and hashtag for promotions.
Start up India scheme
What is startup india scheme? It is a government measure launched in 2016 to promote start-ups through financing, mentorship and creating an ecosystem for entrepreneurs to flourish.
It was created to eliminate the hurdles of starting a new business and remove any restrictions from state government policies. In essence, this scheme was created to make it easy for new startups to develop. The three main aspects of the startup India scheme are:
- Funding support and initiatives
- Industry and academia partnership, incubation and acceleration
- Simplification of policies.
Source: Byju’s UPSC notes
Start up India registration
The registration process is handled through the website. The startup india registration process has 5 steps as shown below:
- Register company as ltd or LLP/partnership etc
- Login to the start up india website and complete details
- Letter of recommendation, incorporation certificate to upload in this site
- Recognition letter from DIPP to avail tax benefits
- You will receive a recognition number along with a certificate
Startup India seed fund scheme
The fund helps businesses incubate and build their business ideas either through MVP or prototypes. Extended use cases are – developing proof of concept, commercialisation of ideas, market validation etc. In order to apply for startup india fund scheme, follow the guidelines on their website and provide the appropriate information – https://seedfund.startupindia.gov.in/
Before applying for the funding scheme, make sure that you are aware of the types of funding available for startups. Also make sure that you have the appropriate business plan and the purpose of funding. You must ensure a clear articulation of the benefit of the fund and how it will be used to develop your initial proof of concept and commercialise it into a business
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