The ‘Startup India’ initiative was launched by the Prime Minister of India, Shri Narendra Modi on 16 January 2016 at Vigyan Bhavan, New Delhi and as part of the event, a Startup India Action Plan was released. The Action Plan highlighted various initiatives envisaged by the Government to develop a conducive Startup ecosystem in the country, one of the integral part being the launching of ‘Startup India portal and mobile app.’ Accordingly, the portal and app have been launched.
Also, frequently asked questions (FAQs) have been issued recently by the Department of Industrial Policy and Promotion.
Our newsflash captures:
A. Key features of the portal and app
B. Recently released FAQs
StartupIndia Initiative.
Startup Registration | The Do's and Don'ts
Tax & Other Benefits.
Exit Options.
Government Policies
Benefits & Relaxations
MSME rules and Schemes.
Compliance Management Process
How to register your business with Startup India Stand Up IndiaMyOnlineCA.in
Online Legal Registration Procedure for your New Business with Startup India Stand Up India initiatives.
Startup India Scheme Details | Startup India Procedure | Startup India Registration Process
Finance Bazaar Providing various services for startups or entrepreneurs like: Startup India Registration, Private Limited Company Registration, Trust Registration, Partnership Firm Registration, One Person Company Registration, Change Company Name, ROC Compliance, Nidhi Company Registration, Change, Add or Remove Company Director, LLP Registration, Producer Company Registration, Society Registration, Digital Signature Certificate (DSC), Food License (FSSAI) Registration, Copyright Registration, LLP Annual Compliance Service, MSME Udyog Aadhaar Registration, Public Limited Company Registration, Import Export Code | IEC Certification, Income Tax Return Filing, ISO Certification, NBFC Registration, Director KYC Verification, Section 8 Foundation Registration, GST HSN Lookup, GST Registration, NGO Registration, Sole Proprietor Registration, Close or Winding Up Of a Company, Change Company Address or Registered Office, Company Registration, Commencement of Business Certificate, Trademark Registration, etc. If you are looking for any type of registration, then contact Finance Bazaar Now or get a free advice from our Expert Chartered Accountant.
StartupIndia Initiative.
Startup Registration | The Do's and Don'ts
Tax & Other Benefits.
Exit Options.
Government Policies
Benefits & Relaxations
MSME rules and Schemes.
Compliance Management Process
How to register your business with Startup India Stand Up IndiaMyOnlineCA.in
Online Legal Registration Procedure for your New Business with Startup India Stand Up India initiatives.
Startup India Scheme Details | Startup India Procedure | Startup India Registration Process
Finance Bazaar Providing various services for startups or entrepreneurs like: Startup India Registration, Private Limited Company Registration, Trust Registration, Partnership Firm Registration, One Person Company Registration, Change Company Name, ROC Compliance, Nidhi Company Registration, Change, Add or Remove Company Director, LLP Registration, Producer Company Registration, Society Registration, Digital Signature Certificate (DSC), Food License (FSSAI) Registration, Copyright Registration, LLP Annual Compliance Service, MSME Udyog Aadhaar Registration, Public Limited Company Registration, Import Export Code | IEC Certification, Income Tax Return Filing, ISO Certification, NBFC Registration, Director KYC Verification, Section 8 Foundation Registration, GST HSN Lookup, GST Registration, NGO Registration, Sole Proprietor Registration, Close or Winding Up Of a Company, Change Company Address or Registered Office, Company Registration, Commencement of Business Certificate, Trademark Registration, etc. If you are looking for any type of registration, then contact Finance Bazaar Now or get a free advice from our Expert Chartered Accountant.
Startup India and Standup India, in this presentation you get brief information on what business is good nd how to think of a business nd what to keep?
Startup india action plan – who are eligiblesrinivas2036
Which Companies Qualify For StartUp India Action Plan. Rules and Conditions for a company to be eligible for startup india scheme of narendra modi. How to avail 3 year tax benefits
Newsletter on daily professional updates- 23/01/2020CA PRADEEP GOYAL
I believe that the greatest crime is to learn something that can significantly benefit other people, yet share it with no one
Here is your Daily dose of professional updates 23.01.2020
Top 5 schemes under startup india to benefit young entrepreneursAnisha Sachit
he Startup India scheme was launched by PM Narendra Modi on 16 January 2016 at Vigyan Bhavan, New Delhi. The Indian Government has introduced this tailor-made scheme especially to encourage and uplift the start up business entities of India. Under this programme, the Government has launched many schemes to help young entrepreneurs.
The Startup India scheme was launched by PM Narendra Modi on 16 January 2016 at Vigyan Bhavan, New Delhi. The Indian Government has introduced this tailor-made scheme especially to encourage and uplift the start up business entities of India. Under this programme, the Government has launched many schemes to help young entrepreneurs.
Blog: https://www.linkedin.com/pulse/top-5-schemes-under-startup-india-benefit-young-amrita-agarwal/?trackingId=klM5uElHzhMMdql0%2BcAc3A%3D%3D
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The presentation covers, Profile of Start-ups, Start-up Ecosystem, Issues and Challenges faced by Start-ups,Opportunities available for Start-ups, Government Initiatives,Valuations of few Start-ups,Reasons for failure of Start-ups etc.
This presentation cover , definition of startup , conditions need to be fulfilled, benefits of startup India policy, stages of startup, no of startup India, Karnataka startup policy, Agri startup , few examples of Agri startup
Prime Minister Narendra Modi launched in New Delhi on Saturday, the Action Plan to facilitate startups in India which will help boost entrepreneurship at the grassroots level.
To get updates on TechTry Solutions Pvt. Ltd.
Visit Blog: https://www.techtry.com/blog/
Is your startup eligible to get benefits of india startup schemeAmrita Agarwal
the Government published a notification identifying the criteria for eligibility of a Startup for the purpose of providing benefits under the scheme. It meant that all startups will not be entertained. Only the selected startups will enjoy the benefits of Startup India.
Blog: https://amritaagarwalblog.wordpress.com/2018/01/24/what-are-the-benefits-available-under-startup-india-scheme/
Newsletter on daily professional updates- 09/06/2020CA PRADEEP GOYAL
“The more knowledge you have on a certain topic,
the more equipped you are to deal with it."
Here is your Daily dose of professional updates 09.06.2020
From big data to personalization, a new year brings new advancements in technology and marketing strategy. Learn what hotels and hospitality brands can expect for the year to come.
Startup India and Standup India, in this presentation you get brief information on what business is good nd how to think of a business nd what to keep?
Startup india action plan – who are eligiblesrinivas2036
Which Companies Qualify For StartUp India Action Plan. Rules and Conditions for a company to be eligible for startup india scheme of narendra modi. How to avail 3 year tax benefits
Newsletter on daily professional updates- 23/01/2020CA PRADEEP GOYAL
I believe that the greatest crime is to learn something that can significantly benefit other people, yet share it with no one
Here is your Daily dose of professional updates 23.01.2020
Top 5 schemes under startup india to benefit young entrepreneursAnisha Sachit
he Startup India scheme was launched by PM Narendra Modi on 16 January 2016 at Vigyan Bhavan, New Delhi. The Indian Government has introduced this tailor-made scheme especially to encourage and uplift the start up business entities of India. Under this programme, the Government has launched many schemes to help young entrepreneurs.
The Startup India scheme was launched by PM Narendra Modi on 16 January 2016 at Vigyan Bhavan, New Delhi. The Indian Government has introduced this tailor-made scheme especially to encourage and uplift the start up business entities of India. Under this programme, the Government has launched many schemes to help young entrepreneurs.
Blog: https://www.linkedin.com/pulse/top-5-schemes-under-startup-india-benefit-young-amrita-agarwal/?trackingId=klM5uElHzhMMdql0%2BcAc3A%3D%3D
Apply for a Loan: https://financebuddha.com/business-loan
Facebook :https://www.facebook.com/financebuddha
Twitter:https://twitter.com/financebuddha
The presentation covers, Profile of Start-ups, Start-up Ecosystem, Issues and Challenges faced by Start-ups,Opportunities available for Start-ups, Government Initiatives,Valuations of few Start-ups,Reasons for failure of Start-ups etc.
This presentation cover , definition of startup , conditions need to be fulfilled, benefits of startup India policy, stages of startup, no of startup India, Karnataka startup policy, Agri startup , few examples of Agri startup
Prime Minister Narendra Modi launched in New Delhi on Saturday, the Action Plan to facilitate startups in India which will help boost entrepreneurship at the grassroots level.
To get updates on TechTry Solutions Pvt. Ltd.
Visit Blog: https://www.techtry.com/blog/
Is your startup eligible to get benefits of india startup schemeAmrita Agarwal
the Government published a notification identifying the criteria for eligibility of a Startup for the purpose of providing benefits under the scheme. It meant that all startups will not be entertained. Only the selected startups will enjoy the benefits of Startup India.
Blog: https://amritaagarwalblog.wordpress.com/2018/01/24/what-are-the-benefits-available-under-startup-india-scheme/
Newsletter on daily professional updates- 09/06/2020CA PRADEEP GOYAL
“The more knowledge you have on a certain topic,
the more equipped you are to deal with it."
Here is your Daily dose of professional updates 09.06.2020
From big data to personalization, a new year brings new advancements in technology and marketing strategy. Learn what hotels and hospitality brands can expect for the year to come.
Energy Efficient GPS Acquisition with Sparse-GPSPrasant Misra
Following rising demands in positioning with GPS, low-cost receivers are becoming widely available; but their energy demands are still too high. For energy efficient GPS sensing in delay-tolerant applications, the possibility of offloading a few milliseconds of raw signal samples and leveraging the greater processing power of the cloud for obtaining a position fix is being actively investigated.
In an attempt to reduce the energy cost of this data offloading operation, we propose Sparse-GPS: a new computing framework for GPS acquisition via sparse approximation.
Within the framework, GPS signals can be efficiently compressed by random ensembles. The sparse acquisition information, pertaining to the visible satellites that are embedded within these limited measurements, can subsequently be recovered by our proposed representation dictionary.
By extensive empirical evaluations, we demonstrate the acquisition quality and energy gains of Sparse-GPS. We show that it is twice as energy efficient than offloading uncompressed data, and has 5-10 times lower energy costs than standalone GPS; with a median positioning accuracy of 40 m.
Startup India is a flagship initiative of the Government of India, envisioned to build a strong ecosystem for nurturing innovation and Startups in the Country.
A
startup is a newly established business, usually small,
started by an individual or a group of individuals What
differentiates it from other new businesses is that a
startup offers a new product or service that is not being
given elsewhere in the same way
How to Register your Start-Up under Start-Up India schememyHQ
Start-up India is an initiative by the Indian government to promote the growth of start-ups and boost the Indian economy. This presentation will help you to learn how to register your start-up with the start-up India scheme
Every Details related to the Startup India ,Modi Action Plane,Latest Startup Report by government,Important points,eligible legal entity,inter ministerial board, startup that is considered eligible,Funding Related questions, top flourishing cities, most profitable type of small businesses and their net profit margins, startups that are changing the face of virtual reality in India,benefit, anylysis
This document provided by government of India action plan to boost up Start-up India campaign. Here it is being share to deploy more people to know about it.
Startup India is an awesome plan. This will usher India into a formidable force to reckon with. These slides have been downloaded and have been downloaded from (http://dipp.nic.in/). This is for your information and taking advantage.
Looking at the way things are shaping up in India I am also planning to make one Startup company in Digital HVAC Marketing segment.
Now with the Government supporting my initiative it becomes super easy for small people to make their own companies and flourish.
Startup India is a Government of India flagship initiative to build Startups and nurture innovation. Through this initiative, the Government plans to empower Startup ventures to boost entrepreneurship, economic growth and employment across India.
The Government’s Action Plan will help accelerate the growth of Startups throughout India, across all important sectors – in Tier 1, 2 and 3 cities, including semi-urban and rural areas – and includes promoting entrepreneurship among SCs/STs and women communities.
The 19-point Action Plan, organized by the Department of Industrial Policy & Promotion (DIPP), focuses both on restricting hindrances and promoting faster growth by way of:
• Simplification and Handholding
• Funding Support and Incentives
• Industry-Academia Partnership and Incubation
Startup India is a flagship initiative of the Government of India, intended to build a strong ecosystem that is conducive for the growth of startup businesses, drive sustainable economic growth, and generate large-scale employment opportunities. The Government through this initiative aims to empower Startups to grow through innovation and design.
For Details
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RSM India Newsflash - Startup India: Launch of 'Portal & Mobile App' and 'FAQs'
1. NEWSFLASH: STARTUP INDIA
- Launch of ‘Portal & Mobile App’ and ‘FAQs’ on Startup India
www.rsmindia.in
THE POWER
OF BEING
UNDERSTOOD
2. Background
The ‘Startup India’ initiative was launched by the Prime Minister of India on 16 January 2016. As part of the event, a Startup India Action Plan was released.
The Action Plan highlighted various initiatives envisaged by the Government to develop a conducive Startup ecosystem in the country, one of the integral
part being launching of ‘Startup India portal and mobile app.’ Recently, the Startup India portal http://startupindia.gov.in, and mobile app have been
launched and frequently asked questions (FAQs) have been issued.
Our newsflash captures:
A. Key features of the portal and app
B. Recently issued FAQs
A. Key features of the portal and app
Information Availability: The portal and mobile app provide up-to- date information on various notifications/ circulars issued by various Government
ministries/ departments, towards creation of a conducive ecosystem for Startups. The portal and mobile app provide information regarding incubators
and funding agencies recognized for the purpose of recommending Startups (as part of Startup recognition application).
Startup India Hub: The Startup India Hub, which has been established within Invest India, will be a single point of contact for the entire Startup
ecosystem which would enable exchange of knowledge. The Hub will work in a hub and spoke model with Governments, VCs, Angel Funds, Incubators,
Mentors, etc. It will assist Startups through their lifecycle, on all aspects, such as providing mentorship, incubator facilities, IPR support, funding etc.
Application for Startup Recognition: Entities that fulfil the criteria as per the definition of “Startup” and are incorporated/ registered in India, can obtain
recognition as a “Startup” to avail various benefits listed in the Startup India Action Plan. The process of recognition is simple and user friendly and
involves a single page application form that a user can fill either through a web interface or through mobile app. Formats of the recommendation /
support letters that need to be attached as part of the application form have been published on the portal and mobile app.
Real Time Startup Recognition: A real time recognition certificate is provided to Startups on completion of the application process. A digital version of
the final certificate of recognition is available for download, through the portal and mobile app. A request for certificate of eligibility for tax exemptions
from Inter-ministerial Board will be made simultaneously by selection of a simple option.
Verification of Recognition Certificate: The certificate of recognition is verifiable through the portal and mobile app by entering the Startup
Recognition/ Certificate Number.
Approval of Inter-Ministerial Board: DIPP has also setup an Inter-Ministerial Board to verify the eligibility of Startups opting to avail Tax and IPR
related benefits and to provide a certificate of eligibility to innovative Startups.
Page 1 of 7
3. Page 2 of 7
# Question Response
1. What qualifies as a “Startup” for the
purpose of Government schemes?
An entity (Private Limited Company or Registered Partnership Firm or Limited Liability Partnership) shall be
considered a “Startup” –
a) Upto 5 years from the date of its incorporation/ registration, and
b) If its turnover for any of the financial years has not exceeded INR 25 crore, and
c) It is working towards innovation, development, deployment or commercialization of new products,
processes or services driven by technology or intellectual property.
The entity should not have been formed by splitting up or reconstruction of a business already in existence.
A proprietorship or a public limited company is not eligible as startup. A one person company, being a
private limited company is entitled to be recognized as a 'startup'.
For additional information, refer notification G.S.R. 180(E) dated February 17, 2016.
2. How does a Startup obtain benefits under
various Government schemes including
the ones announced in the Action Plan on
January 16, 2016?
For availing various benefits (except tax and IPR related benefits i.e. action points #4, #9, #10 and #11 of
the Startup India Action Plan), an entity would be required to be recognized as a Startup by applying on
Startup India Mobile App/ Portal.
In order to obtain tax and IPR related benefits, a Startup shall be required to be certified as an eligible
business from the Inter-Ministerial Board of Certification.
3. For how long would recognition as a
“Startup” be valid?
An entity would cease to be a 'startup' upon expiry of:
a) 5 years from the date of its incorporation/ registration, OR
b) If its turnover for any of the financial years has exceeded INR 25 crore; OR
Startups would be required to intimate DIPP of any such cases within a period of 21 days.
4. Can an existing entity register itself as a
“Startup” on the Startup India Portal and
Mobile App?
Yes, an existing entity that meets the criteria as indicated in response to Question 1 can visit the Startup
India Portal and Mobile App and get itself recognized for various benefits. The tax benefits proposed under
the Finance Bill 2016 will be available from 01-04-2016.
5. What is the timeframe for obtaining
certificate of recognition as a “Startup” in
case an entity already exists?
The process of registration in such cases shall be real time and the certificate of recognition would be
issued immediately upon successful submission of the application.
B. Frequently Asked Questions
1. For Startups
4. Page 3 of 7
# Question Response
6. An entity is yet to be registered/
incorporated. Can I visit the Startup India
Portal and Mobile App to register/ incor-
porate my entity as either a Private Lim-
ited Company or Registered Partnership
Firm or Limited Liability Partnership?
There are two options available in such cases.
a) Option 1: An entity can register itself through MCA or Registrar of Firms using the existing processes
and subsequently register itself on the Startup India portal and mobile app as a “Startup” to avail the
benefits.
b) Option 2: An entity can register itself through the Startup India portal and mobile app using a seamless
process. This facility would be made available in the second phase of the Startup India portal and
mobile app launch.
7. What documents would qualify as a
supporting document to the application
to register as a “Startup”?
One of the following documents is required to be uploaded along with the application for registration as a
Startup on Startup India portal and mobile app:
a) recommendation (with regard to innovative nature of business), in a format specified by Department of
Industrial Policy and Promotion, from any Incubator established in a post-graduate college in India; or
b) letter of support by any Incubator which is funded (in relation to the project) from Government of India
or any State Government as part of any specified scheme to promote innovation; or
c) recommendation (with regard to innovative nature of business), in a format specified by Department of
Industrial Policy and Promotion, from any Incubator recognized by Government of India; or
d) 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; or
e) letter of funding by Government of India or any State Government as part of any specified scheme to
promote innovation; or
f) patent filed and published in the Journal by the India Patent Office in areas affiliated with the nature of
business being promoted.
The list of incubators recognized for the purpose of (a), (b) and (c) are published on the Startup India portal
for reference.
The list SEBI registered funds for the purpose of (d) is also available on the Startup India portal.
8. Do I need to print an application form and
submit the physical copy of the same to
complete the process of Startup regis-
tration?
No. The application has to be submitted online only.
9. Once my registration is successful, would
I obtain a certificate for it? If Yes, would I
be able to download the certificate?
Yes. On successful registration, you would be able to download a system generated verifiable certificate of
recognition.
5. Page 4 of 7
# Question Response
10. If an incubator rejects an application, can
the entity apply again to the same incuba-
tor or would it be required to apply at a
different incubator?
Yes. In such cases, an entity can apply again to the same incubator that rejected the application, as well as
any other incubator.
11. If during the Registration process, an
applicant marks the response to “Do you
want to avail Tax and IPR benefits” as
“No”, would I be allowed to change the
response to “Yes” later?
Yes. In such cases, option to opt for such benefits may be indicated at a later stage as well.
Once a user opts for availing the benefits, his/ her application would be evaluated by the Inter-Ministerial
Board. Once certified by the Board, the benefits may be availed.
12. If an entity does not have a PAN. Would I
be allowed to register my entity as a
“Startup”?
Yes. An entity without a PAN can be registered as a Startup. However, it is advised that a valid PAN of the
entity is provided at the time of registration, as each entity is separately taxable person.
13. Can I provide two mobile numbers in the
registration form?
It is advised that only one mobile number of the authorized representative of the entity is provided at the
time of registration. The portal and the mobile app would be sending an OTP on the mobile number
provided for the user to complete authentication and registration process.
14. Is there any specified format for obtaining
a recommendation letter?
Yes. The prescribed formats for recommendation/ support/ endorsement letters are published on Startup
India portal.
15. If an entity has filed for a patent that has
been published. In this regard, which
document would suffice as a supporting
document to register the entity as a
“Startup”?
In such cases, valid copy of the published patent would suffice as a supporting document.
16. What will be the constitution of the Inter-
Ministerial Board?
The Inter-Ministerial Board of Certification would consist of:
a) Joint Secretary, Department of Industrial Policy and Promotion;
b) Representative of Department of Science and Technology; and
c) Representative of Department of Bio-technology.
17. How would the Inter-Ministerial Board
review the applications received for the
purpose of tax/ IPR benefits?
The Board shall review the supporting document(s) provided to ascertain if the entity qualifies as an eligible
business for availing tax/ IPR benefits.
6. Page 5 of 7
# Question Response
18. What is the timeframe for obtaining
certification of Inter-Ministerial Board for
availing tax/ IPR benefits in case an entity
already exists?
An application for a certificate from the inter-ministerial board shall be processed within a period of 10-25
working days.
19. Can entities that do not have any of the
other evidences like incubator certificate,
funding from registered VCs or patents
still apply to Inter -Ministerial Board for
tax exemptions?
No. One (1) of the six (6) prescribed supporting material is mandatory to make an application to the Inter-
Ministerial Board.
2. For Incubators providing Recommendation/ Support/ Endorsement Letter to Startups
# Question Response
1. Which incubators are authorized to
provide a recommendation/ support/
endorsement letter?
As per the notification no. G.S.R 180(E) dated February 17, 2016, an incubator must fall in one of the
following categories to be authorized to provide a recommendation/ support/ endorsement letter to an
entity:
a) Incubator established in a post-graduate college in India
b) Incubator funded by Government of India or any State Government as part of any specified scheme to
promote innovation
c) Incubator recognized by Government of India
With regards to (c), an incubator shall be recognized by DIPP on application.
2. Our incubator does not feature in the
list(s) of incubators published on Startup
India portal. How can we get it included in
the list(s)?
In such cases, you can make an application at Startup India portal.
Once an incubator application is found eligible, the name of the incubator shall be included in the
appropriate list(s) by DIPP.
3. What are the aspects that need to be
reviewed before issuing a recommenda-
tion/ support/ endorsement letter?
An incubator is required to validate if the entity under review is working towards innovation, development,
deployment or commercialization of new products, processes or services driven by technology or
intellectual property if it aims to develop and commercialize:
a) A new product or service or process; OR
b) A significantly improved existing product or service or process that will create or add value for
customers or workflow.
The following activities are not considered as a valid case for issuing a recommendation/ support/
endorsement letter:
a) Products or services or processes which do not have potential for commercialization; OR
b) Undifferentiated products or services or processes; OR
c) Products or services or processes with no or limited incremental value for customers or workflow.
7. Page 6 of 7
# Question Response
4. Is there any specific format in which an
incubator would be required to provide
recommendation?
Yes. The prescribed formats for recommendation/ support/ endorsement letters are published on Startup
India portal.
5. Is there any prescribed fee(s) that can be
charged from the Startups for providing
them with a recommendation/ support/
endorsement letter?
No fee is prescribed by the Government. However, the incubators may considering the efforts involved in
the process charge a fee.
6. Can we recommend/ endorse an idea that
has not been incubated at our incubator?
Yes. An incubator featured in any of the lists on Startup India portal, can endorse an idea/ Startup not
incubated in such incubator. The objective of the recommendation is to validate that a Startup is involved in
an eligible business.
7. Do we need to designate someone to
sign/ issue the recommendation/
endorsement letter?
An incubator is encouraged to designate its officer(s) to sign/ issue the recommendation/ support/
endorsement letter to entities, and share the same with DIPP.
8. What process needs to be followed for
receiving applications from entities not
incubated at our incubator?
There is no prescribed format for receipt of application. It is expected that incubator will capture the
process and innovative nature of business before making a recommendation.
9. Who will upload the recommendation/
support/ endorsement letter on the
Startup India portal and mobile app?
The entity receiving the recommendation/ support/ endorsement letter will upload the relevant documents
at the time of applying for recognition.
10. Is there any liability on a recommender/
incubator?
Where a recommendation is issued by an incubator without proper examination or without itself satisfying
about the innovative nature of the business it shall be blacklisted from giving any future recommendation or
receiving any benefit from Government. Any such action shall, however, be taken only after a due
opportunity is given to the incubator.
8. Page 7 of 7
# Question Response
1. Which are the bodies and agencies that
fall under the category of “Funding
Bodies”?
As per the notification no. G.S.R 180(E) dated February 17, 2016, Alternate Investment Funds, Venture
Capital Funds, Angel Fund and Seed Funds registered with SEBI will be eligible for providing recommen-
dation/ support/ endorsement letter to entities in which not less than 20 percent equity is taken up by
such funds.
A list of SEBI registered VCFs and AIFs has been published on Startup India portal
(http://startupindia.gov.in)
2. Is there any specific format in which a
funding body would be required to
provide recommendation?
Yes. The prescribed formats for recommendation/ support/ endorsement letters are published on Startup
India portal.
3. What are the aspects that need to be
reviewed before issuing a
recommendation/ support/ endorsement
letter?
A funding agency is required to validate if the entity under review is working towards innovation,
development, deployment or commercialization of new products, processes or services driven by
technology or intellectual property if it aims to develop and commercialize:
a) A new product or service or process; OR
b) A significantly improved existing product or service or process that will create or add value for
customers or workflow.
The following activities are not considered as a valid case for issuing a recommendation/ support/
endorsement letter:
a) Products or services or processes which do not have potential for commercialization; OR
b) Undifferentiated products or services or processes; OR
c) Products or services or processes with no or limited incremental value for customers or workflow.
4. Can we recommend/ endorse an idea that
has not been funded by our funding
body?
No. Only those ideas/ Startups can be recommended in which not less than 20 percent of the equity is
funded by recommending fund.
5. Do we need to designate someone as a
recommender or anyone from our staff
can be a recommender?
A funding agency is encouraged to designate its officer(s) to sign/ issue recommendation/ support/
endorsement letter to entities, and share the same with DIPP.
6. Who will upload the recommendation/
support/ endorsement letter on the
Startup India portal and mobile app?
The entity receiving the recommendation/ support/ endorsement letter will upload the relevant documents
at the time of applying for recognition.
7. Is there any liability on a recommender? Where a recommendation is issued by a fund without proper examination or without being satisfied about
the innovative nature of the business it shall be blacklisted from giving any future recommendation.
Where a recommendation is given without actually funding equity (not less than 20 percent equity) of the
Startup, DIPP may initiate criminal proceedings against the principal officers of the fund for providing wrong
information.
3. For Funding Bodies providing Recommendation/ Support/ Endorsement Letter to Startups