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Every startup is created with a dream vision to introduce a game changing product or service that never existed in the market. Government of India launched the Startup India scheme in 2017 that provides budding entrepreneurs, visionaries, and dreamers a platform to grow their business.
The DPIIT certified startups are eligible for benefits in intellectual property rights, relaxation in public procurement norms, self-certification under labour & environment laws, acquire government funds (via funds of funds for startups), and faster exit for startups. There are also additional benefits where DPIIT certified startups can file for income tax exemption for 3 out of 10 years.
There are various resources that these startups can access like learning and development programs, centralised repository, state startup policies, pro bono services, knowledge bank, tools and templates, networking, idea bank, programs and initiatives.