Start-ups

JAYAVIGNESH.J.T

Welcome

AirBed&Breakfast Book rooms with locals, rather than hotels.

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1. Tax exemptions for three years and concessions on capital gains tax.

2. Compliance regime based on self-certification and no regulatory inspection for three years.

3. A fund of Rs. 10,000 crore to back startups. Initially the corpus will be Rs. 2,500 crore. Also, a credit guarantee fund for startups.

4. A Startup India hub - a single point of contact for interactions with the government.

5. Atal Innovation Mission (AIM) for promotion of research and development including 500 tinkering labs, 35 public-private sector incubators, 31 innovation centres at national institutes, 7 new research parks, 5 new bio-clusters.

6. 90 days for a startup to close down its business.

7. 80 per cent reduction in patent filing fee and fast-track mechanism for startup patent applications. Also, a panel of legal facilitators for startups to file IP (patents, designs, trademarks) with costs borne by government.

8. Relaxed norms of public-procurement for startups. No requirement of turnover or experience, but no relaxation in quality.

9. 5 lakh schools and 10 lakh students to be involved in core innovation programmes. National and international startup festivals to provide visibility.

10. A mobile app to be launched on April 1 making it possible to register startups in one day.

THANK YOU