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STARTUP INDIA POLICYUnderstanding - Legal Aspects
Aims and ObjectivesAIM > To foster entrepreneurship > To promote Innovation by creating
ecosystem OBJECTIVES > India to become Nation of “Jobs
Creator” and not “Jobs Seeker” > Start a revolution for Startups
Stakeholders
Advantage India
Start Up
Incubators
VC
Govt of India
Commitments by Govt. of IndiaSimplification and Handholding
Funding Support of Rs. 10,000 Crores in next 4 years and Incentives
Incubation & Industry Acadamia Partnership
Eligibility Entity should be either: > a Private Limited Company > a Registered Partnership Firm > LLPEntity : > Should be New OR registered in last 5
years > Should not have turnover exceed Rs. 25
Cr > Working towards Innovation, IPR, new
products
Innovation means…..Working towards Innovation, Development,
Deployment or Commercialisation of: - New Products, - New Processes or - New Services Driven by Technology OR Intellectual Property
Commitments by Govt. of India
SIMPLIFICATION AND HANDHOLDING
Simplification and Handholding
Commitment 1 Simplify Labour
Laws &
Environment Laws
Simplification and HandholdingCommitment 2 Create a Platform for Startup
- Central & State Govt, Incubators
- VCs, Angels, Banks - Mentors, Legal Partners,
Advisors
www.startupindia.gov.in
Simplification and HandholdingCommitment 3 Connect via Mobile App - Register your Startup - Tracking final registration - Filing Compliances - Apply for various Schemes - Connect and Collaborate
with Startup Ecosystem
Download App…… now
Simplification and HandholdingCommitment 4 Free Legal Support for Trademark ,
Patent, Design applications - Free Legal Advise to file Trademark
and Patent Application through Empanelled Legal Consultants
- Fast Track Patent Examination - Rebate of 80% of Govt Fee for
Trademark, Patent, Design applications
Simplification and HandholdingCommitment 5 Startup can participate 20% of Govt supplies
- Startup can supply to Govt. Tenders without meeting criteria of Experience or Turnover
- No compromise with quality / technology parameters
Simplification and HandholdingCommitment 6 Faster Exit for Failed Startup
- Failed Startup can wind-up / close Company / Firm in 90 days
- New Law on Insolvency to be passed
Commitments by Govt. of India
FUNDING SUPPORT & INCENTIVES
Funding Support and Incentives Commitment 7 Funding of Rs. 10,000 Cr by Govt. of India -
- Rs. 2500 Cr every year - Fund of Funds - Managed by Professionals - LIC to be co-investors
Funding Flow Govt of India will fund to SEBI
registered Venture Capital Fund
Venture Capital Fund will invest in Eligible Start Up
Funding Received by Startup
Funding Support and IncentivesCommitment 8 Credit Guarantee on Debts
- Venture Debts to Startup by Banks and other lenders
- Rs. 500 Cr per year Thru SIDBI / National Credit Guarantee Trust
Funding Support and IncentivesCommitment 9 Capital Gain Relaxation to
Investors - Investor can invest in Fund of
Funds to get exemption of Capital Gain
- Investment in Computer Software to be considered as purchase of “New Asset”
Funding Support and IncentivesCommitment 10 Tax Exemptions - Exemption of Profits for
a period of 3 years subject to non distribution of dividends
Funding Support and IncentivesCommitment 11 Exemption to investors for
Fair Market Value - Investor can invest at any
value without any restriction on Fair Value
- Available to VC as well as Incubators
Commitments by Govt. of India
PARTNERSHIP WITH INDUSTRY & INCUBATORS
Partnership with Industry and Incubators Commitment 12 National and International Fests Commitment 13 Innovation Hubs - 500 Tinkering Labs - Sector Specific Incubators - Innovation Awards - 31 Innovation Centres - 13 Startup Centres - 18 Technology Incubators - 7 New R&D Parks
How Startup get benefits Step 1 - Check your eligibility as entityStep 2 - Check whether you have
“Innovation” Step 3 - Register with ANY ONE of the
following:- - Incubator in Post Graduate Indian College - Incubator Funded by Govt - Incubator Recognised by Govt - Funded by Incubator/Angle/PE - Patent Granted
How Startup get benefitsStep 4 – To get IPR and Tax
Benefits – get approval of DIPP about Innovation
Step 5 – Apply online on Govt Portal www.makeindia.gov.in
Step 6 – Get Registration Certificate as Startup Online
Other Legal Aspects for All StartupDecide about Legal Structure of
Startup - LLP, Partnership Firm or Company
Incorporation / Registration Initial Tax / Labour Law Registrations Legal Agreements between Founders,
Website Development Related, Technology Development Related, Employee Related, Vendors related
Registration of Trademark, Patent
THANK YOU
HAPPY TO ANSWER YOUR QUESTIONS, YOU
MAY SEND EMAIL AT [email protected]
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