The Startup India initiative was launched to build a strong ecosystem for nurturing innovation and startups in the country that will drive sustainable economic growth and generate large scale employment opportunities.
Key Benefits of Registration
- Tax Exemptions: Startups can get tax exemptions under Section 80IAC of the Income Tax Act for 3 consecutive years.
- Easy Winding Up: Fast-track closure of businesses within 90 days under the Insolvency and Bankruptcy Code.
- IPR Benefits: Fast tracking of patent applications and up to 80% rebate in patent filing fees.
Registering under Startup India opens up numerous funding avenues and connects founders with a vibrant ecosystem of mentors and investors.