STARTUP INDIA
Startup India is a flagship initiative by the Government of India, launched on January 16, 2016. Its primary goal is to foster a robust startup culture and create an inclusive ecosystem for innovation and entrepreneurship in the country. The initiative aims to support entrepreneurs and transform India into a nation of job creators rather than job seekers. Key components of Startup India include:
- Enhanced infrastructure: Establishing incubation centers and providing better facilities for startups.
- Easier Intellectual Property Rights (IPR) facilitation: Simplifying the patent filing process and protecting innovative ideas.
- Improved regulatory environment: Offering tax benefits, easing compliance, and streamlining the process of setting up and winding up companies.
- Economic stimulus: Introducing a Fund of Funds with INR 10,000 crore to increase funding opportunities.
- Startup India Portal: An online platform connecting startups, investors, and other stakeholders, providing resources, courses, and market research reports.
The initiative has significantly boosted the startup ecosystem in India, with over 73,000 startups recognized by the Department for Promotion of Industry and Internal Trade (DPIIT) as of December 2024.
Click here to register on the Startup India web portal and take the first step towards realizing your entrepreneurial dreams.