Startup India is an Indian Government initiative aimed at building a robust ecosystem for nurturing innovation and startups in the country. Its primary goal is to drive sustainable economic growth and generate significant employment opportunities. Through this initiative, the government seeks to empower startups to grow through innovation and design.

Objectives of Startup India Movement

• Enhanced infrastructure, including incubation centers.
• Facilitation of Intellectual Property Rights (IPR), including easier patent filing.
• Better regulatory environment, including tax benefits, simplified compliance, and streamlined company setup.
• Increased funding opportunities.
• Vast networking database for entrepreneurs and stakeholders in the startup ecosystem.

Eligibility Criteria

To avail the DPIIT Certificate of Recognition, a startup must meet the following criteria:

• Period of Existence: Not exceeding 10 years from the date of formation.
• Type of Entity: Private Limited Company, Limited Liability Partnership (LLP), or Registered Partnership Firm.
• Annual Turnover: Annual turnover of less than Rs. 100 crore for any fiscal year since its inception.
• Original Entity: Not incorporated by splitting up or recreating an existing entity.
• Innovative & Scalable: Working towards the development or improvement of a product, process, or service with a scalable business model.

Procedure to get DPIIT Certificate:

1. Incorporate the Business: Register the business as a Private Limited Company, Partnership firm, or LLP.
2. Register with Startup India Scheme: Register the business with the Startup India Scheme.
3. Apply for Startup Recognition: Access the Startup India Recognition portal and provide necessary details.
4. Get the Startup Recognition Number: After approval, receive the unique startup recognition number.

Benefits for DPIIT Recognized Startups:

• Self Certification for Environmental and Labour Laws.
• Preferential fees and fast-tracking of patent applications.
• Easier public procurement norms.
• Easy winding up of the company.
• Access to funds of funds and credit guarantee funds.
• Tax exemptions under section 80 IAC of the Income Tax Act and Angel Tax Exemption.

Why Choose Ask Associates?

Ask Associates is a trusted partner for entrepreneurs and startups seeking recognition and registration under the Startup India initiative. With our expertise and in-depth knowledge of the regulatory landscape, Ask Associates simplifies the complex process of obtaining startup India recognition. We offer comprehensive services that include preparing the necessary documentation, guiding you through the eligibility criteria, and ensuring compliance with all the requirements set forth by the DPIIT.

By choosing Ask Associates, startups can navigate the bureaucratic hurdles seamlessly, allowing them to focus on their core business activities while reaping the benefits and incentives offered under the Startup India program.