The Startup India campaign, launched by the Government of India in 2015, aims to foster a robust ecosystem for innovation and encourage the startup culture in India. The initiative focuses on providing funding support, simplifying the registration process, and promoting partnerships between academia and industry. Since the launch of this scheme, India has emerged as the third-largest startup ecosystem globally, with an annual growth rate of 12% to 15%. The scheme has also encouraged women entrepreneurship and inclusivity, with efforts to align domestic policies with global trends. Startup India registration offers various benefits such as tax exemption for three years, reduced trademark registration fees, and patent registration.

Eligibility Criteria to Apply For Startup India Registration

• The entity seeking Startup India registration must be registered as a private limited company, partnership firm, or limited liability partnership.
• In any of the preceding financial years, the turnover of the startup should not exceed INR 100 Crores.
• A company can be recognized as a startup for up to 10 years from the day of its registration.
• To be eligible for startup India registration, the entity should focus on innovation and improvement of existing products, services, or processes, with the potential to generate employment and create wealth.
• However, an entity formed by splitting up or reconstruction of an existing business will not be considered a startup.

Who is Not Eligible For Startup India Registration?

• A Sole Proprietorship Firm
• A Firm which is older than 10 years.
• A firm having turnover more than 100 crore
• A firm which was founded according to the notary partnership agreement.