Startup certification Registration Benefits?
Fast track & up to 80% rebate in filling patents
Fast track under the criteria of “prior experience/turnover” for startups in all Central Government ministries/departments
In 90 days under insolvency & Bankruptcy code 2016
Guarantee fund for startups through National Credit Guarantee Trust Company / SIDBI over 4 years
On Income tax for 3 years
On capital gains & on Investments above Fair Market Value
Will be eligible for 153 fundraising schemes
Eligibility criteria for Startup registration?
Up to 7 years and for biotechnology startups up to 10 years from its date of incorporation / registration
Incorporated as either a Private Limited Company or a Registered Partnership Firm or a Limited Liability Partnership
Turnover for any fiscal year has not exceeded INR 25 crore
Entity should not have been formed by splitting up or reconstruction a business already in existence
Working towards innovation, development or improvement of products or processes or services, or if it is a scalable business model with a high potential of employment generation or wealth creation