A guide for young and budding Entrepreneurs to register in Start-up India.

1. THIS IS HOW YOU CAN
REGISTER UNDER STARTUP
INDIA PROGRAM
L E A N F L O I N C .

2. Overview
We at LeanFlo get a lot of queries from
Startups on how to get their company
registered under StartUp India Program and
avail all the benefits offered by the Govt. of
India.
Under the StartUp India Program, it is
clearly mentioned that any company or
legal entity that wishes to avail the benefits
of this policy must be either registered as a
Private Limited Company, a One-person
company, a Limited liability Partnership or a
Registered Partnership.

3. Proprietors and Unregistered Partnerships
will not qualify for the benefits under
StartUp India.
Once you get your company registered in any of
the above-mentioned structures, a couple of
things need to be taken care of.
1) Your company must be less than five years old.
2) The turnover of the said company in any year
should not have exceeded Rs. 25 crore.
3) The company should be working towards
innovation, development, commercialization of
new products or services driven by technology or
intellectual property. However, any such entity
formed by splitting up an earlier company or
restructuring it will not be considered a ‘startup’.

4. Next
steps and
necessary
conditions:
1. A startup that fulfils the conditions mentioned
above must also get a certificate of being an eligible
business from the Inter-Ministerial Board of
Certification. Now, the Inter-Ministerial Board may
consist of joint secretary of the department of
industrial policy and promotion, representative of the
department of science and technology, a
representative of he department of biotechnology.
2. A recommendation, with regards to the innovative
nature of the business, in a format specified by the
department of industrial policy and promotion, from
any incubator established in post-graduate college in
India; or a letter of support from an incubator which is
funded by the central or state government as part of
a specified scheme to promote innovation.

5. 01
And...
3. A letter of funding of not less than 20% in equity by an incubation fund/agent
fund/private equity fund/accelerator/angel network that is duly registered with the
securities and exchange board of India (SEBI) which endorses innovation.
4. Letter of funding of not less than 20 percent in equity by any Incubation Fund/ Angel
Fund/ Private Equity Fund/ Accelerator/ Angel Network duly registered with Securities and
Exchange Board of India that endorses innovative nature of the business. Department of
Industrial Policy and Promotion may include any such fund in a negative list for such
reasons as it may deem fit;
5. A letter of funding by the central or state government as part of any specific scheme to
promote innovation.
6. A patent filed and also published in the India Patent Office’s journal in areas affiliated
with the business that is being promoted.

6. For additional information and
arranging a discussion with our
experts, please feel free to mail us at
info@leanflo.co
LeanFlo Inc. will also help you with
registration of your company and
preparing the required documents.