Professional Documents
Culture Documents
Startup Registration
Startup Registration
f. A patent filed and published in the Indian Patent Office’s Journal in areas affiliated with the nature of the
business to be promoted.
b) Certificate of Incorporation or Registration
You need to upload the certificate of incorporation of your company/LLP (Registration Certificate in
case of partnership)
c) Description of your business in brief
A description of the innovative nature of your Products or Services.
a. You must register your new company as a Private Limited Company, Partnership firm or a
Limited Liability Partnership.
b. b) Your business must be incorporated/registered in India, not before 5 years.
c. c. The turnover must be Less than 25 Crore every year.
d. d. The business must work for innovating something or simply improving existing
technology.
e. e. The business should not be a consequence of splitting up or reconstruction of an existing
business.
Step 6: Avail Recognition Number
a) Once applied you will instantly receive the Recognition Number for your startup. The
certification of recognition is issued once all your documents are verified.
b) Upload documents very cautiously. During verification, if the required documents are not
uploaded, wrong or forged it may result in a fine of 50% of your paid-up capital with a
minimum fine of Rs. 25,000/-
Step 7: Other Elements of Startup Registration in India
If you need a patent for your innovation or a trademark for, then you can easily approach any
from the list of facilitators issued by the government. By only paying the Statutory Fees you can
get a reduction of 80% in fees for Patent Registration.
b) Funding
One of the key challenges faced by many startups has been accessing to finance. Due to
Lack of experience, security or existing cash flows many stop entrepreneurs from attracting
investors. Similarly, the high-risk nature of startups keeps investors away from them.
For proper funding support, the Government has created a fund with an initial corpus of INR
2,500 crore and a total corpus of INR 10,000 crore for a time frame of 4 years (i.e. INR 2,500
crore per year).
The Requirement of Government Recognition for Your Startup
Registration
Startup India brings benefits for your startup from the government.
Key elements of the Fund of Funds
The professional from Industry bodies, academia and successful startups will manage the
Funds of Funds under a Board.
Life Insurance Corporation (LIC) should co-invest in the Fund of Funds
The Fund of Funds must contribute a maximum of 50% of the SEBI registered Venture Funds
(Daughter Fund). To get the contribution, the daughter fund must have already raised the
balance of 50%. Based on the contribution made the Fund of Funds must have
representatives on the board of the venture fund.
The Fund shall ensure assistance to a broad mix of sectors such as manufacturing,
agriculture, health, education, etc.
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