Startup India Registration

Simplified Guide to Startup India Recognition

The Startup India Initiative is a flagship program by the Government of India designed to foster innovation, empower entrepreneurs, and create large-scale job opportunities. It aims to build a supportive ecosystem that helps startups grow through innovation and design, driving sustainable economic growth.

Let’s break down Startup India registration into simpler terms so you can understand its objectives, eligibility, and benefits more easily.
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Startup India Recognition gives businesses official acknowledgment as startups under the Department for Promotion of Industry and Internal Trade (DPIIT).

This recognition opens doors to exclusive benefits like funding support and simplified compliance processes, helping startups scale faster. Sadaweh Financial Solutions (OPC) Pvt. Ltd. is doing this.

Key Objectives of Startup India

The initiative is designed to:

Build strong infrastructure like incubation centers.
Simplify patent filing and reduce Intellectual Property Rights (IPR) costs.
Provide tax benefits and easier company setup.
Offer more funding opportunities for startups.
Create a robust networking platform for entrepreneurs and stakeholders.

Who Can Apply for Startup India Recognition?

Your business must meet the following criteria to qualify for a DPIIT Certificate of Recognition:

Age of Business:
- Your company must not be older than 10 years from the date of registration.
Type of Business:
- Must be registered as a Private Limited Company, Limited Liability Partnership (LLP), or Registered Partnership Firm.
Revenue Cap:
- Annual turnover must be below ₹100 crore in any financial year since incorporation.
Originality:
- Should not be formed by splitting or recreating an existing business.
Innovation & Scalability:
- Must be working on innovative products, services, or processes with a scalable business model that can generate wealth and employment

Steps to Get DPIIT Certificate

Register Your Business
- Set up your business as a Private Limited Company, Partnership Firm, or LLP.
- Sadaweh Financial Solutions (OPC) Pvt. Ltd. can assist with the company registration process.
Sign Up for the Startup India Scheme
- Register your business on the Startup India portal.
Apply for Recognition
- Log in to the Startup India portal and submit the required details, including:
- Business details: incorporation number, date, and nature of the entity.
- Contact information and director/partner details.
- Intellectual property, funding, and recognition details.
Receive Your Startup Recognition Number
- After verification, the DPIIT will issue a unique startup recognition number.
- Once approved, you’ll be eligible for tax benefits and other incentives.

Benefits of Startup India Recognition

Here’s what you gain with DPIIT recognition:

Self-Certification
- Simplifies compliance with environmental and labor laws.
Discounts on Patent Filing
- Enjoy 80% savings on patent fees and fast-tracked applications for trademarks, copyrights, and designs.
Simplified Public Procurement
- Exemptions from Earnest Money Deposit and prior experience requirements for government tenders.
Easy Business Exit
- Wind up your business in 90 days under the Insolvency and Bankruptcy Code.
Access to Funds
- Eligible for a ₹10,000 crore Fund of Funds via Alternative Investment Funds.
- Access to a ₹2,000 crore Credit Guarantee Fund.
Tax Exemptions
- Apply for income tax exemption under Section 80 IAC for 3 consecutive years within the first 10 years.
- Eligible for Angel Tax Exemption.

Why Partner with Sadaweh Financial Solutions (OPC) Pvt. Ltd.?

Trusted Expertise: We bring deep knowledge in finance and compliance to help your business thrive.
Customized Financial Solutions: Tailored strategies designed to fit your unique business needs.
Simplified Processes: We streamline compliance and financial management, saving you time and effort.
Optimized Benefits: Helping you make the most of financial incentives and opportunities.
Dedicated Support: Ongoing assistance to keep your business ahead of regulatory changes.