{"id":14703,"date":"2021-08-03T19:44:57","date_gmt":"2021-08-03T14:14:57","guid":{"rendered":"https:\/\/carajput.com\/blog\/?p=14703"},"modified":"2025-02-05T20:05:46","modified_gmt":"2025-02-05T14:35:46","slug":"overview-on-start-up-india-scheme","status":"publish","type":"post","link":"https:\/\/carajput.com\/blog\/overview-on-start-up-india-scheme\/","title":{"rendered":"Overview on Start Up India Scheme"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_58 counter-hierarchy ez-toc-counter ez-toc-light-blue ez-toc-container-direction\">\n<p class=\"ez-toc-title\">Page Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-69eab8c818f64\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #000000;color:#000000\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #000000;color:#000000\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-69eab8c818f64\"  aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/carajput.com\/blog\/overview-on-start-up-india-scheme\/#All_about_the_start-ups_Other_related_Scheme\" title=\"All about the start-ups &amp; Other related Scheme\u00a0\">All about the start-ups &amp; Other related Scheme\u00a0<\/a><ul class='ez-toc-list-level-3'><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/carajput.com\/blog\/overview-on-start-up-india-scheme\/#BRIEF_INTRODUCTION\" title=\"BRIEF INTRODUCTION\">BRIEF INTRODUCTION<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/carajput.com\/blog\/overview-on-start-up-india-scheme\/#Start_UP_India_Scheme\" title=\"Start UP India Scheme\u00a0\">Start UP India Scheme\u00a0<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/carajput.com\/blog\/overview-on-start-up-india-scheme\/#STARTUP_INDIA_SEED_FUND_SCHEME_SISFS\" title=\"STARTUP INDIA SEED FUND SCHEME (SISFS)\">STARTUP INDIA SEED FUND SCHEME (SISFS)<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/carajput.com\/blog\/overview-on-start-up-india-scheme\/#ELIGIBILITY_CRITERIA_FOR_STARTUP\" title=\"ELIGIBILITY CRITERIA FOR STARTUP\">ELIGIBILITY CRITERIA FOR STARTUP<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/carajput.com\/blog\/overview-on-start-up-india-scheme\/#ELIGIBILITY_CRITERIA_FOR_INCUBATORS\" title=\"ELIGIBILITY CRITERIA FOR INCUBATORS\">ELIGIBILITY CRITERIA FOR INCUBATORS<\/a><ul class='ez-toc-list-level-4'><li class='ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/carajput.com\/blog\/overview-on-start-up-india-scheme\/#ASSISTANCE_TO_INCUBATORS\" title=\"ASSISTANCE TO INCUBATORS\">ASSISTANCE TO INCUBATORS<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/carajput.com\/blog\/overview-on-start-up-india-scheme\/#DISBURSEMENT_OF_THE_SEED_FUND\" title=\"DISBURSEMENT OF THE SEED FUND \">DISBURSEMENT OF THE SEED FUND <\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/carajput.com\/blog\/overview-on-start-up-india-scheme\/#EXPERT_ADVISORY_COMMITTEE\" title=\"EXPERT ADVISORY COMMITTEE\">EXPERT ADVISORY COMMITTEE<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/carajput.com\/blog\/overview-on-start-up-india-scheme\/#SELECTION_OF_INCUBATORS\" title=\"SELECTION OF INCUBATORS\">SELECTION OF INCUBATORS<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/carajput.com\/blog\/overview-on-start-up-india-scheme\/#SELECTION_OF_STARTUP\" title=\"SELECTION OF STARTUP\">SELECTION OF STARTUP<\/a><ul class='ez-toc-list-level-4'><li class='ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/carajput.com\/blog\/overview-on-start-up-india-scheme\/#Incubator_Seed_Management_Committee_ISMC_composition\" title=\"Incubator Seed Management Committee (ISMC) composition\">Incubator Seed Management Committee (ISMC) composition<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/carajput.com\/blog\/overview-on-start-up-india-scheme\/#Start-ups_shall_be_selected_through_an_open_transparent_and_fair_process_consisting_of_the_following_steps_%E2%80%93\" title=\"Start-ups shall be selected through an open, transparent, and fair process, consisting of the following steps &#8211;\">Start-ups shall be selected through an open, transparent, and fair process, consisting of the following steps &#8211;<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/carajput.com\/blog\/overview-on-start-up-india-scheme\/#EAC_may_lay_down_enhanced_guidelines_for_choosing_start-ups_under_the_scheme_from_time_to_time_By_the_tip_of_2024-25\" title=\"EAC may lay down enhanced guidelines for choosing start-ups under the scheme from time to time, By the tip of 2024-25,\">EAC may lay down enhanced guidelines for choosing start-ups under the scheme from time to time, By the tip of 2024-25,<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/carajput.com\/blog\/overview-on-start-up-india-scheme\/#the_Department_will_evaluate_the_final_result_of_the_scheme_especially_with_reference_to_financial_social_and_economic_returns\" title=\"the Department will evaluate the final result of the scheme, especially with reference to financial, social and economic returns.\">the Department will evaluate the final result of the scheme, especially with reference to financial, social and economic returns.<\/a><\/li><\/ul><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-16\" href=\"https:\/\/carajput.com\/blog\/overview-on-start-up-india-scheme\/#Benefits_of_Startup_India_Certificate\" title=\"Benefits of Startup India Certificate\">Benefits of Startup India Certificate<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-17\" href=\"https:\/\/carajput.com\/blog\/overview-on-start-up-india-scheme\/#Start-ups_incorporated_before_01042030\" title=\"Start-ups incorporated before 01.04.2030\">Start-ups incorporated before 01.04.2030<\/a><\/li><\/ul><\/nav><\/div>\n<figure id=\"attachment_12771\" aria-describedby=\"caption-attachment-12771\" style=\"width: 905px\" class=\"wp-caption alignnone\"><a href=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2019\/07\/Start-Up-India-Scheme-Features-Registration-Eligibility-Benefits.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\" wp-image-12771\" src=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2019\/07\/Start-Up-India-Scheme-Features-Registration-Eligibility-Benefits.jpg\" alt=\"Start-Up India Scheme Features Registration Eligibility Benefits\" width=\"905\" height=\"683\" \/><\/a><figcaption id=\"caption-attachment-12771\" class=\"wp-caption-text\"><span style=\"color: #ffffff;\">Start-Up India Scheme Features Registration Eligibility Benefits<\/span><\/figcaption><\/figure>\n<h2><span class=\"ez-toc-section\" id=\"All_about_the_start-ups_Other_related_Scheme\"><\/span><span style=\"color: #ff0000;\"><strong>All about the start-ups &amp; Other related Scheme\u00a0<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"BRIEF_INTRODUCTION\"><\/span><span style=\"color: #000080;\"><strong>BRIEF INTRODUCTION<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ul>\n<li>In India, the <a href=\"https:\/\/carajput.com\/publications\/start-up-india-scheme-rajput-jain-and-associates.pdf\">start-up<\/a> ecosystem has been increasing at a fast pace and has gotten a lot of support from the government in latest years.<\/li>\n<li>Many eligible new businesses can plan and utilise the comprehensive tax and regulatory benefits pertaining to start-ups that are outlined in this compendium.<\/li>\n<\/ul>\n<h3><span class=\"ez-toc-section\" id=\"Start_UP_India_Scheme\"><\/span><a href=\"https:\/\/carajput.com\/publications\/start-up-india-scheme-rajput-jain-and-associates.pdf\"><strong style=\"color: #000080; font-size: 16px;\">Start UP India Scheme\u00a0<\/strong><\/a><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ul>\n<li>The Govt launched \u201cStartup India Seed Fund Scheme&#8221; to supply funding for start-ups powered by technology.<\/li>\n<li>This scheme was approved by Central Government, in order to provide startups with the sought of financial assistance in order to finance their concept, prototype creation, product trials, market presence and commercialization.<\/li>\n<li>Startup India Seed Fund Scheme tends to provide start-ups with financial assistance through corpus of INR 945 Crore, which shall be disbursed by selected incubators across India in 2021-25.<\/li>\n<li>This program is sector-agnostic and will therefore benefit the start-ups in all sectors to raise finance to meet their demands.<\/li>\n<li>This scheme will have a central general application on a continuous basis for start-ups and incubators on the Startup India platform.<\/li>\n<li>SISFS\u00a0scheme was\u00a0implemented by the Department of Promotion of Industry and Internal Trade, Ministry of Commerce and Industry, Government of India.<\/li>\n<\/ul>\n<h3><span class=\"ez-toc-section\" id=\"STARTUP_INDIA_SEED_FUND_SCHEME_SISFS\"><\/span><strong>STARTUP INDIA SEED FUND SCHEME (SISFS)<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<figure id=\"attachment_12208\" aria-describedby=\"caption-attachment-12208\" style=\"width: 951px\" class=\"wp-caption alignnone\"><a href=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2018\/05\/HOW-DO-I-REGISTER-A-COMPANY-OR-A-STARTUP-IN-INDIA.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\" wp-image-12208\" src=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2018\/05\/HOW-DO-I-REGISTER-A-COMPANY-OR-A-STARTUP-IN-INDIA-300x169.jpg\" alt=\"\" width=\"951\" height=\"536\" srcset=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2018\/05\/HOW-DO-I-REGISTER-A-COMPANY-OR-A-STARTUP-IN-INDIA-300x169.jpg 300w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2018\/05\/HOW-DO-I-REGISTER-A-COMPANY-OR-A-STARTUP-IN-INDIA-1024x576.jpg 1024w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2018\/05\/HOW-DO-I-REGISTER-A-COMPANY-OR-A-STARTUP-IN-INDIA-768x432.jpg 768w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2018\/05\/HOW-DO-I-REGISTER-A-COMPANY-OR-A-STARTUP-IN-INDIA-1536x864.jpg 1536w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2018\/05\/HOW-DO-I-REGISTER-A-COMPANY-OR-A-STARTUP-IN-INDIA-800x450.jpg 800w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2018\/05\/HOW-DO-I-REGISTER-A-COMPANY-OR-A-STARTUP-IN-INDIA.jpg 1920w\" sizes=\"(max-width: 951px) 100vw, 951px\" \/><\/a><figcaption id=\"caption-attachment-12208\" class=\"wp-caption-text\"><span style=\"color: #ffffff;\">HOW DO I REGISTER A COMPANY OR A STARTUP IN INDIA<\/span><\/figcaption><\/figure>\n<h3><span class=\"ez-toc-section\" id=\"ELIGIBILITY_CRITERIA_FOR_STARTUP\"><\/span><strong>ELIGIBILITY CRITERIA FOR STARTUP<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Start-ups are required to comply with following criteria, to be qualified for the Start-up India Seed Fund Scheme:<\/p>\n<ul>\n<li>A Startup will be recognized by Department of Promotion of Industry and Internal Trade (DPIIT), incorporated at the time of application\u00a0not later\u00a0than 2 years ago.<\/li>\n<li>Startups must have a business idea\u00a0so as\u00a0to develop a product or service with market fit, effective marketing and commercialization.<\/li>\n<li>In order\u00a0to beat\u00a0the matter\u00a0being solved, startups should use technologies in their core product or service, or business model, or delivery model, or technique.<\/li>\n<li>Startups\u00a0having\u00a0innovative approaches in sectors\u00a0like\u00a0social effects, waste management, water management, financial inclusion, education, agriculture, food production, biotechnology, healthcare, electricity, transportation, defense, space, rail, oil and gas, textiles, etc.\u00a0are going to be\u00a0given preference.<\/li>\n<li>Startups under\u00a0any other\u00a0Central or\u00a0government\u00a0scheme\u00a0shouldn&#8217;t\u00a0have earned\u00a0greater than\u00a0Rs 10 lakh of monetary funding.<\/li>\n<li>This\u00a0doesn&#8217;t\u00a0include\u00a0any sought of award money\u00a0from tournaments\u00a0and big\u00a0challenges, subsidized workspace, monthly payment from the founder, admission to laboratories, or access to prototyping facilities.<\/li>\n<li>As per Companies Act, 2013 and SEBI (ICDR) Regulations, 2018, the shareholding of Indian promoters\u00a0within the\u00a0start-up should be\u00a0at least\u00a051 percent at the time of submission to the incubator for the scheme.<\/li>\n<li>According to guidelines, any startup cannot receive seed funding more than once every time.<\/li>\n<\/ul>\n<h3><span class=\"ez-toc-section\" id=\"ELIGIBILITY_CRITERIA_FOR_INCUBATORS\"><\/span><a href=\"https:\/\/www.caindelhiindia.com\/blog\/documentation-for-a-startup-before-after-investment\/\"><strong>ELIGIBILITY CRITERIA FOR INCUBATORS<\/strong><\/a><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Incubators would be required to comply with the following criteria, to be eligible for the Startup India Seed Fund Scheme:<\/p>\n<ul>\n<li>Incubator must be legal entity: A legal entity must be the incubator:<\/li>\n<li>Society must register under the Societies Registration Act 1860, or<\/li>\n<li>Trust must register under the Indian Trusts Act 1882, or<\/li>\n<li>Private limited business must register under the 1956 Companies Act or the companies Act 2013<\/li>\n<li>Statutory entity, being incorporated under an Act of Legislature.<\/li>\n<li>The incubator should be operating for\u00a0a minimum of\u00a02 years from the date of the scheme application.<\/li>\n<li>On the date of registration, the incubator must have\u00a0a minimum of\u00a05 start-ups physically incubated.<\/li>\n<li>The incubator must have facilities to hold a minimum of 25 Individuals.<\/li>\n<li>Incubator must have a full-time Chief\u00a0executive officer\u00a0with experience in business growth and entrepreneurship, assisted by a capable team\u00a0within the\u00a0testing and analysis of ideas,\u00a0as well\u00a0as\u00a0in the\u00a0roles of finance, legal and human resources,\u00a0responsible for\u00a0mentoring start-ups.<\/li>\n<li>The incubator\u00a0doesn&#8217;t\u00a0distribute seed funds to incubates using funds from any private entity of\u00a0a 3rd\u00a0party.<\/li>\n<li>Central\/State Government assistance must\u00a0be\u00a0provided to the incubator (s)<\/li>\n<li>Where the incubator does not obtain any assistance from the central or state government(s)<\/li>\n<li>The incubator must be\u00a0operative\u00a0for\u00a0a minimum of\u00a0period\u00a0of three\u00a0years.<\/li>\n<li>Must have\u00a0a minimum of\u00a010 different start-ups incubated physically in an incubator on the date of application.<\/li>\n<li>Audited Annual Statement, in respect of last 2 years be submitted\\<\/li>\n<li>Any additional requirements as\u00a0could also be\u00a0defined by the Experts Advisory Committee (EAC)<\/li>\n<\/ul>\n<h4><span class=\"ez-toc-section\" id=\"ASSISTANCE_TO_INCUBATORS\"><\/span><span style=\"color: #000080;\"><strong>ASSISTANCE TO INCUBATORS<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h4>\n<ul>\n<li>An Expert Advisory Committee (EAC) is constituted for the purpose of evaluation of incubators for grant assistance.<\/li>\n<li>Up to Rs. 5 crores in milestone-based three (or) more instalments\u00a0shall be\u00a0granted to\u00a0a particular\u00a0incubator.<\/li>\n<li>The Experts Advisory Committee (EAC) will determine\u00a0the precise\u00a0sum of grants and instalments\u00a0for every\u00a0incubator on\u00a0the basis\u00a0of its evaluation.<\/li>\n<\/ul>\n<h4><span class=\"ez-toc-section\" id=\"DISBURSEMENT_OF_THE_SEED_FUND\"><\/span><strong><span style=\"color: #000080;\">DISBURSEMENT OF THE SEED FUND<\/span> <\/strong><span class=\"ez-toc-section-end\"><\/span><\/h4>\n<p>Disbursement of the seed fund shall be provided to eligible start-up by an incubator as per the following norms &#8211;<\/p>\n<ul>\n<li>In the form of a grant, where the validation of Proof of Concept, or prototype creation, or product trials is up to INR 20 Lakhs. Such a grant shall be paid out in milestone-based installments.<\/li>\n<li>These milestones are often associated with prototype development, product testing, the creation of a product ready for market launch, etc.<\/li>\n<li>Up to INR 50 Lakhs of investment, in respect of market entry, commercialization or expansion, by issuing convertible debt or debt or debt-related instruments<\/li>\n<li>The Seed Fund shall not be used solely by start-ups for the development of any facilities and shall be used for the reason for which it&#8217;s been granted.<\/li>\n<\/ul>\n<h3><span class=\"ez-toc-section\" id=\"EXPERT_ADVISORY_COMMITTEE\"><\/span><span style=\"color: #000080;\"><strong>EXPERT ADVISORY COMMITTEE<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ul>\n<li>Expert Advisory Committee (EAC) shall be established by the DPIIT, which will be accountable for the overall execution and supervision of the Startup India Seed Fund Scheme.<\/li>\n<li>EAC will evaluate and select incubators for the distribution of seed funds, monitor progress, and take all necessary actions for the optimal utilization of funds to attain the goals of the Startup India Seed Fund Scheme.<\/li>\n<li>The EAC shall be comprised of the subsequent members:\n<ul>\n<li>Chairperson, the individual of eminence<\/li>\n<li>Any person representing the Ministry of Electronics and Communication Technology (MeiTY)<\/li>\n<li>Deputy Secretary\/Director\/Additional Secretary\/Joint Secretary, DPIIT (Convener)<\/li>\n<li>Any person representing the Department of Biotechnology (DBT)<\/li>\n<li>Financial Adviser, DPIIT or its representative.<\/li>\n<li>Any person representing the Department of Science and Technology (DST)<\/li>\n<li>A Person representing NITI Aayog<\/li>\n<li>Any person representing the Indian Agricultural Research Council (ICAR)<\/li>\n<li>At least three experts, being nominated by the Secretary of the start-up ecosystem DPIIT, developers, R&amp;D experts, technological creation and commercialization, entrepreneurship and other related fields.<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<h3><span class=\"ez-toc-section\" id=\"SELECTION_OF_INCUBATORS\"><\/span><span style=\"color: #000080;\"><strong>SELECTION OF INCUBATORS<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<figure id=\"attachment_8712\" aria-describedby=\"caption-attachment-8712\" style=\"width: 954px\" class=\"wp-caption alignnone\"><a href=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2018\/06\/start-up.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\" wp-image-8712\" src=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2018\/06\/start-up-300x200.jpg\" alt=\"www.carajput.com; Start Up\" width=\"954\" height=\"636\" srcset=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2018\/06\/start-up-300x200.jpg 300w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2018\/06\/start-up.jpg 620w\" sizes=\"(max-width: 954px) 100vw, 954px\" \/><\/a><figcaption id=\"caption-attachment-8712\" class=\"wp-caption-text\"><span style=\"color: #ffffff;\">www.carajput.com; Start Up<\/span><\/figcaption><\/figure>\n<ul>\n<li>Online applications by incubators across India\u00a0would be\u00a0invited to participate\u00a0within the\u00a0Scheme on www.startupindia.gov.in or\u00a0any other\u00a0forum specifically built for this purpose.<\/li>\n<li>On\u00a0the basis\u00a0of\u00a0the subsequent\u00a0criteria, the incubators shall be selected:<\/li>\n<\/ul>\n<ol>\n<li style=\"list-style-type: none;\">\n<ol>\n<li>Eligibility criteria should be the fulfillment<\/li>\n<li>Quality of the Incubator team<\/li>\n<li>Accessible infrastructure, laboratories for testing, etc.<\/li>\n<li>ISMC composition (as defined in para 7)<\/li>\n<li>Incubation support overall\u00a0within the\u00a0last 3 years by the incubator:<\/li>\n<\/ol>\n<\/li>\n<\/ol>\n<ul>\n<li style=\"list-style-type: none;\">\n<ul>\n<li style=\"list-style-type: none;\">\n<ul>\n<li>No of Incubated Startups.<\/li>\n<li>A number of startups have graduated, i.e. they must have progressed from one stage of the business development cycle to the next.<\/li>\n<li>of start-ups raising follow-on investments<\/li>\n<li>Number of startups that have exceeded Rs 1 Crore in revenue\u00a0during the\u00a0last 1 year<\/li>\n<li>2-year startup survival rate since the date of joining an incubator<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<ol start=\"6\">\n<li>Funding support being extended to incubators during the last 3 years:<\/li>\n<\/ol>\n<ul>\n<li style=\"list-style-type: none;\">\n<ul>\n<li style=\"list-style-type: none;\">\n<ul>\n<li>Total corpus assigned to incubates<\/li>\n<li>Investment agreements executed between the incubators and start-ups of the startups that\u00a0are\u00a0invested in<\/li>\n<li>Total investment made by incubates using external sources.<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<ol start=\"7\">\n<li>Mentoring offered to incubates\u00a0within the\u00a0last three years:<\/li>\n<\/ol>\n<ul>\n<li style=\"list-style-type: none;\">\n<ul>\n<li>Number of Mentors recruited<\/li>\n<li>Average mentoring hours, being provided per startup every month<\/li>\n<li>IP number (patents, copyrights, designs and trademarks) registered by incubators<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<ol start=\"8\">\n<li>Other assistance extended to incubators\u00a0within the\u00a0last three years:<\/li>\n<\/ol>\n<ul>\n<li style=\"list-style-type: none;\">\n<ul>\n<li>Industry\/Business Communicates<\/li>\n<li>Events hosted for stakeholder contributions<\/li>\n<li>Involvement in other events;<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<ol start=\"9\">\n<li>Number of startups to be supported by the incubator<\/li>\n<li>Quantum of resources raised,\u00a0together with\u00a0timelines for the deployment of fund<\/li>\n<li>Any other specific parameters defined by the EAC<\/li>\n<\/ol>\n<ul>\n<li style=\"list-style-type: none;\">\n<ul>\n<li>Incubator call for Applications and the same shall be available online throughout the year.<\/li>\n<li>EAC shall convene\u00a0a meeting, at least\u00a0on a quarterly basis for:<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<ol>\n<li style=\"list-style-type: none;\">\n<ol>\n<li style=\"list-style-type: none;\">\n<ol>\n<li>Evaluation of the applications, being received during a specific timeframe<\/li>\n<li>Selection of incubators funds under the Scheme<\/li>\n<li>Deciding the\u00a0amount of the fund\u00a0and therefore the\u00a0number of instalments\u00a0in respect of each\u00a0incubator to be allocated.<\/li>\n<li>Specifying the milestones for the payment of instalments to be met by each incubator<\/li>\n<\/ol>\n<\/li>\n<\/ol>\n<\/li>\n<\/ol>\n<ul>\n<li>The EAC shall also monitor the progress of incubators against the appropriations approved under the Scheme and take further action as\u00a0is also\u00a0necessary.<\/li>\n<li>EAC can provide, enhanced guidelines for the choice of incubators under the scheme from time to time,<\/li>\n<\/ul>\n<h3><span class=\"ez-toc-section\" id=\"SELECTION_OF_STARTUP\"><\/span><a href=\"https:\/\/carajput.com\/publications\/start-up-india-scheme-rajput-jain-and-associates.pdf\"><span style=\"color: #000080;\"><strong>SELECTION OF STARTUP<\/strong><\/span><\/a><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ul>\n<li>\n<h4><span class=\"ez-toc-section\" id=\"Incubator_Seed_Management_Committee_ISMC_composition\"><\/span><strong><span style=\"color: #000080;\">Incubator Seed Management Committee (ISMC) composition<\/span><\/strong><span class=\"ez-toc-section-end\"><\/span><\/h4>\n<\/li>\n<\/ul>\n<p style=\"padding-left: 40px;\">A committee in the name of Incubator Seed Management Committee shall be constituted in respect of each of the incubators applying for the Startup India Seed Fund Scheme, consisting of experts who will evaluate and choose startups for seed funding. ISMC&#8217;s composition shall be as follows:<\/p>\n<ol>\n<li style=\"list-style-type: none;\">\n<ol>\n<li>Incubator&#8217;s nominee (Chairman)<\/li>\n<li>Representative of the Startup Nodal Unit\u00a0state government<\/li>\n<li>A\u00a0venture capital\u00a0Investor or Angel Network Representative<\/li>\n<li>Two successful businessmen<\/li>\n<li>A domain specialist from academia<\/li>\n<li>Any other capable stakeholder<\/li>\n<li>A domain specialist from Industries<\/li>\n<li>The final composition and the members of the ISMC in respect of every incubator shall be approved by the EAC and shall constitute an important parameter in respect of the selection of incubators.<\/li>\n<\/ol>\n<\/li>\n<\/ol>\n<ul>\n<li>\n<h4><span class=\"ez-toc-section\" id=\"Start-ups_shall_be_selected_through_an_open_transparent_and_fair_process_consisting_of_the_following_steps_%E2%80%93\"><\/span><span style=\"color: #000080;\"><strong>Start-ups shall be selected through an open, transparent, and fair process, consisting of the following steps &#8211;<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h4>\n<\/li>\n<\/ul>\n<ol>\n<li style=\"list-style-type: none;\">\n<ol>\n<li>The online imply applications on the Startup India portal will be hosted on a continuing basis.<\/li>\n<li>Applicants may apply for a seed fund on\u00a0the premise\u00a0of their preference for any three incubators selected as disbursing partners for this scheme.<\/li>\n<li>All applications submitted are shared for further evaluation online with the respective incubators.<\/li>\n<li>The candidate is asked to supply details of the team profile, problem statement, summary of the product\/service, business model, customer profile, market size, the sum of funds available, estimated fund utilization plan, etc.<\/li>\n<li>Incubators must shortlist candidates\u00a0in keeping with\u00a0the eligibility criteria set as per\u00a0the rules,<\/li>\n<li>Based on the evaluation as per the presentation presented before ISMC, Incubator will be shortlisted.<\/li>\n<li>Within 45 days from the receipt of the submission, ISMC shall review the application along with the supported\u00a0documents and presentations and pick start-ups for the Seed Fund.<\/li>\n<li>All incubators must provide real-time reports on the progress of start-up evaluations to the Startup India portal.<\/li>\n<li>Selected startups receive seed funding under the respective incubator, which selects them as beneficiaries\u00a0in line with\u00a0their shared preference during\u00a0the application<\/li>\n<li>All the applicants are provided an interface for monitoring the progress of their applications in real-time on the Startup India portal.<\/li>\n<li>Applicants that are rejected\u00a0will\u00a0be notified by email.<\/li>\n<li>An applicant can apply afresh if rejected once,<\/li>\n<\/ol>\n<\/li>\n<\/ol>\n<ul>\n<li>\n<h4><span class=\"ez-toc-section\" id=\"EAC_may_lay_down_enhanced_guidelines_for_choosing_start-ups_under_the_scheme_from_time_to_time_By_the_tip_of_2024-25\"><\/span><strong>EAC may lay down enhanced guidelines for choosing start-ups under the scheme from time to time, By the tip of 2024-25,<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h4>\n<\/li>\n<li>\n<h4><span class=\"ez-toc-section\" id=\"the_Department_will_evaluate_the_final_result_of_the_scheme_especially_with_reference_to_financial_social_and_economic_returns\"><\/span>the Department will evaluate the final result of the scheme, especially with reference to financial, social and economic returns.<span class=\"ez-toc-section-end\"><\/span><\/h4>\n<\/li>\n<\/ul>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-19759\" src=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2021\/08\/startup..jpg\" alt=\"startup.\" width=\"1587\" height=\"732\" srcset=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2021\/08\/startup..jpg 1587w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2021\/08\/startup.-300x138.jpg 300w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2021\/08\/startup.-1024x472.jpg 1024w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2021\/08\/startup.-768x354.jpg 768w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2021\/08\/startup.-1536x708.jpg 1536w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2021\/08\/startup.-800x369.jpg 800w\" sizes=\"(max-width: 1587px) 100vw, 1587px\" \/><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Benefits_of_Startup_India_Certificate\"><\/span><span style=\"color: #000080;\">Benefits of Startup India Certificate<\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>1. Startup Support Fund : <span style=\"font-size: 16px;\">Access debt funding up to \u20b92 crore. &amp; <\/span><span style=\"font-size: 16px;\">Receive a 15% capital subsidy.<\/span><\/p>\n<p>2. Tax Exemption Under Section 80 IAC : <span style=\"font-size: 16px;\">Enjoy 100% tax exemption for 3 consecutive years, reducing the financial burden during the early stages of your startup.<\/span><\/p>\n<p>3. Seed Fund : <span style=\"font-size: 16px;\">Avail a grant up to \u20b920 lakh. &amp; <\/span><span style=\"font-size: 16px;\">Access debt funding up to \u20b950 lakh to support the initial phase of your business.<\/span><\/p>\n<p>4. GEM Portal Registration : <span style=\"font-size: 16px;\">Register on the Government e-Marketplace (GEM) portal &amp; <\/span><span style=\"font-size: 16px;\">Sell products and services to state governments and central government departments.<\/span><\/p>\n<p>5. Cloud Services : <span style=\"font-size: 16px;\">Obtain premium memberships worth up to $5000 USD with providers like AWS, Zoho, CRM, Truecaller, and Oceanwater. <\/span>Access advanced cloud services to enhance your business operations.<\/p>\n<p>6. Self-Certification in Labor Law and Environment Law : <span style=\"font-size: 16px;\">Self-certify your compliance with labor and environmental laws, reducing regulatory burdens and focusing on growth.<\/span><\/p>\n<p>7. Trademark &amp; Patent Registration : G<span style=\"font-size: 16px;\">et assistance with trademark and patent registration to protect your intellectual property.<\/span><\/p>\n<p>8. Tender Benefits : <span style=\"font-size: 16px;\">Gain advantages in government tenders, increasing your chances of securing contracts.<\/span><\/p>\n<p>9. Digital Signature Certificate (DSC) : <span style=\"font-size: 16px;\">Obtain a Digital Signature Certificate (DSC) for secure and authenticated online transactions.<\/span><\/p>\n<p>10. EGNiOL as Supporting Partner : Benefit from EGNiOL\u2019s support and various other incentives, subject to eligibility.<\/p>\n<p>These benefits aim to foster a conducive environment for startups, providing essential support and resources to ensure their growth and sustainability in the competitive market.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Start-ups_incorporated_before_01042030\"><\/span><span style=\"color: #000080;\"><strong>Start-ups incorporated before 01.04.2030<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-28568\" src=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2021\/08\/Start-ups-incorporated-before-01.04.2030.jpg\" alt=\"Start-ups incorporated before 01.04.2030\" width=\"939\" height=\"754\" srcset=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2021\/08\/Start-ups-incorporated-before-01.04.2030.jpg 939w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2021\/08\/Start-ups-incorporated-before-01.04.2030-300x241.jpg 300w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2021\/08\/Start-ups-incorporated-before-01.04.2030-768x617.jpg 768w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2021\/08\/Start-ups-incorporated-before-01.04.2030-800x642.jpg 800w\" sizes=\"(max-width: 939px) 100vw, 939px\" \/><\/p>\n<p><span style=\"color: #000080;\"><strong>Tax Benefits Extension for Start-ups<\/strong><\/span><\/p>\n<ul>\n<li>Eligibility: Start-ups that were incorporated before 01.04.2030 are eligible.<\/li>\n<li>Benefit Duration: The tax benefits are now extended for an additional 5 years.<\/li>\n<\/ul>\n<p>This extension is designed to further support innovation and growth in the start-up ecosystem.\u00a0Tax benefits to start-ups has been extended for another period of 5 years i.e. the benefit will be available to eligible start-ups incorporated before 01.04.2030<\/p>\n","protected":false},"excerpt":{"rendered":"<p>All about the start-ups &amp; Other related Scheme\u00a0 BRIEF INTRODUCTION In India, the start-up ecosystem has been increasing at a fast pace and has gotten a lot of support from the government in latest years. Many eligible new businesses can plan and utilise the comprehensive tax and regulatory benefits pertaining to start-ups that are outlined &hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9635],"tags":[9992],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/posts\/14703"}],"collection":[{"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/comments?post=14703"}],"version-history":[{"count":5,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/posts\/14703\/revisions"}],"predecessor-version":[{"id":17694,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/posts\/14703\/revisions\/17694"}],"wp:attachment":[{"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/media?parent=14703"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/categories?post=14703"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/tags?post=14703"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}