Start Up

Startup company in India

Startup India is a flagship initiative of the Government of India, intended to build a strong ecosystem for nurturing innovation and Startups in the country. This will drive sustainable economic growth and generate large scale employment opportunities. The Government, through this initiative aims to empower Startups to grow through innovation and design. In order to meet the objectives of the initiative, Government of India announced an Action Plan that addresses all aspects of the Startup ecosystem. With this Action Plan, the Government hopes to accelerate spreading of the Startup movement from digital/ technology sector to a wide array of sectors including agriculture, manufacturing, social sector, healthcare, education, etc. and from existing tier 1 cities to tier 2 and tier 3 cities including semi-urban and rural areas. The Action Plan is divided across the following areas:
  • Simplification and Handholding
  • Funding Support and Incentives
  • Industry-Academia Partnership and Incubation Key points of the initiative:
  • Single window clearance, and creation of App
  • 10,000 Crore funds of funds
  • 80% reduction in patent registration fee
  • 90-day exit window
  • Exempted from capital gain tax
  • Tax exemption on profits for 3 years
  • Reduction in red tape
  • New compliance system (self-check)
  • IPR (Intellectual Property Rights) protection

  • Following entities are defined as Eligible Entities :
  • Private Limited Company (The Companies Act,2013)(including One Person Company )
  • Registered Partnership Firm (The Indian Partnership Act,1932)
  • Limited Liability Partnership (The Limited Liability Partnership Act,2008)

  • In order for a start-up to be considered eligible for the initiative, it needs to meet the following requirements:
  • An entity is considered as startup up to 5 years from the date of its incorporation/ registration
  • Its turnover for any of the financial years has not exceeded INR 25 crore
  • It is working towards innovation, development, deployment or commercialization of new products, processes or services driven by technology or intellectual property
  • It is supported by a recommendation (innovative nature of the business), OR by an incubator funded by Government Of India (GOl OR is funded by GOl, OR is granted a patent or trademark in association with nature of business

  • To make your venture easy STREAMLINE will be pleased to assist you in registering a start-up.

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