Startup Consultancy

You must first incorporate your business as a Private Limited Company or a Partnership firm or a Limited Liability Partnership. You must follow all of the standard steps for registering a business, including acquiring a Certificate of Incorporation/Partnership Registration, a PAN, and other legal requirements.

The next step after creating the profile on the Start-up India Website is to avail Department for Promotion of Industry and Internal Trade (DPIIT) Recognition. This recognition helps the start-ups to avail benefits like access to high-quality intellectual property services and resources, relaxation in public procurement norms, self-certification under labour and environment laws, easy winding of company, access to Fund of Funds, tax exemption for 3 consecutive years and tax exemption on investment above fair market value.

For getting DPIIT Recognition, click on the "Get Recognised" button if you are a new user. If you are an existing user click on the "Dashboard button" and then "DPIIT Recognition".

Patents, trademarks and/or design registration: If you need a patent for your innovation or a trademark for your business, you can easily approach any of the list of facilitators issued by the government

Funding: One of the key challenges faced by many start-ups has been accessing finance. Due to lack of experience, security or existing cash flows, entrepreneurs fail to attract investors. Besides, the high-risk nature of start-ups, as a significant percentage fail to take off, puts off many investors.
In order to provide funding support, the Government has set up a fund with an initial corpus of INR 2,500 crore and a total corpus of INR 10,000 crore over a period of 4 years (i.e. INR 2,500 crore per year). The Fund is in the nature of Fund of Funds, which means that it will not invest directly into Start-ups, but shall participate in the capital of SEBI registered Venture Funds.

Self-Certification Under Employment and Labour Laws: Start-ups can self-certify under labour laws and environment laws so that their compliance costs are reduced. Self-certification is provided to reduce regulatory burden thereby allowing them to focus on their core business. Start-ups are allowed to self-certify their compliances under six labour laws and three environment laws for a period of 3 to 5 years from the date of incorporation.
Units operating under 36 white category industries as published on the website of the Central Pollution Control Board do not require clearance under 3 environment-related Acts for 3 years.

Tax Exemption: Start-ups are exempted from income tax for 3 years. But to avail these benefits, they must be certified by the Inter-Ministerial Board (IMB). The Start-ups incorporated on or after 1st April 2016 can apply for the income tax exemption.