DPIIT Startup Recognition
Perks
About
The DPIIT Startup Recognition program is an official certification initiative by the Indian government aimed at innovative startups, providing numerous benefits such as tax exemptions, expedited intellectual property applications, and easier access to government support, significantly reducing operational challenges and enhancing market competitiveness for entrepreneurs in India.
Benefits
- 💰Tax ExemptionsTax exemptions under Section 80-IAC and Section 56(2)(viib)
- 📄Intellectual Property SupportAccelerated and reduced-cost intellectual property applications
- ⚖️ Legal RelaxationsCertain relaxations in labor and environmental laws
- 🛒Government ProcurementEasier access to government procurement and tenders
- 🏦Financial SupportAccess to fund support, credit guarantees, simplified compliance, and quick exit
- 🌐Approval AccessApply for over 688 central and 7000+ state government approvals through one platform
Eligibility Criteria
- Must be a private limited company, partnership, or LLP registered in India
- Must be established for no more than 10 years
- Annual turnover not exceeding 1 billion INR in any year
- Must be based on innovation or scalable business model that significantly creates jobs or wealth
- Cannot be a result of splitting or restructuring an existing business
Target Sector
Innovative Startups
Target Location
India
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DPIIT, Startup India