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DPIIT recognition is intended for start-ups that are working towards innovation, development, or improvement of products, processes, or services, or have a scalable business model with a high potential for employment generation or wealth creation. Key eligibility criteria for DPIIT recognition include:
DPIIT recognition is intended for start-ups that are working towards innovation, development, or improvement of products, processes, or services, or have a scalable business model with a high potential for employment generation or wealth creation. Key eligibility criteria for DPIIT recognition include:
Start-up India is a flagship initiative of the Government of India, launched in January 2016 to promote innovation and entrepreneurship. The Department for Promotion of Industry and Internal Trade (DPIIT) under the Ministry of Commerce and Industry oversees the Start-up India scheme. DPIIT recognition provides start-ups with various benefits, including tax exemptions, easier compliance, and access to government schemes and incentives.
DPIIT recognition offers several benefits to start-ups, including:
Tax Exemptions:
Funding Support:
Simplified Regulations:
Intellectual Property Rights (IPR) Support:
Incubation and Industry-Academia Partnerships:
DPIIT recognition offers several benefits to start-ups, including:
Tax Exemptions:
Funding Support:
Simplified Regulations:
Intellectual Property Rights (IPR) Support:
Incubation and Industry-Academia Partnerships:
Q1: What is DPIIT recognition?
DPIIT recognition is a certification granted by the Department for Promotion of Industry and Internal Trade to start-ups that meet specific criteria, enabling them to avail various benefits under the Start-up India initiative.
Q2: What are the eligibility criteria for DPIIT recognition?
The start-up must be a private limited company, registered partnership firm, or limited liability partnership, not older than 10 years, with a turnover not exceeding INR 100 crore in any financial year, and should be working towards innovation, development, or improvement of products, processes, or services.
Q3: How can a start-up apply for DPIIT recognition?
Start-ups can apply for DPIIT recognition through the Start-up India portal by submitting an online application along with the required documents.
Q4: What are the tax benefits available to DPIIT-recognized start-ups?
DPIIT-recognized start-ups are eligible for a 3-year income tax holiday within the first 10 years of incorporation and may receive exemptions from capital gains tax under certain conditions.
Q5: What kind of funding support is available to DPIIT-recognized start-ups?
DPIIT-recognized start-ups have access to the Fund of Funds scheme, which provides funding support through Alternate Investment Funds (AIFs), and various government grants and funding schemes.
Q6: Are there any regulatory benefits for DPIIT-recognized start-ups?
Yes, DPIIT-recognized start-ups can benefit from self-certification under labour and environmental laws and enjoy easier public procurement norms with relaxed criteria for prior experience/turnover.
Q7: What support is available for intellectual property rights (IPR)?
DPIIT-recognized start-ups can avail fast-track patent application processes, reduced fees for IP filings, and assistance from government-appointed facilitators for filing patents, trademarks, and designs.
Q8: How long does it take to get DPIIT recognition?
The recognition process typically takes around 7-10 days, subject to the timely submission and verification of documents.
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