STARTUP

I
NDIAPLAN
HI
GHLIGHTS
 Start
upmeansanent it
y,incorporatedor
regis
ter
ed inIndianotpri
orto ve years,with annualt urnovernot
exceedi
ngINR25c ror
einanyprecedingnancialyear,workingtowar ds
innovat
ion,devel
opment,deploymentorc ommer cial
izati
on ofnew
product
s,process
esors er
vic
esdr iven by t
echnology ori ntell
ectual
propert
y.

Provi
dedthats
uchent
ityi
snotf
ormedbys
pli
tti
ngup,
orr
econs
truc
tion,
ofabusi
nessalr
eadyi
nexist
enc
e.

Provi
dedalsothatanent
itys
hallc
easet obeaSt ar
tupifitstur
noverf
or
the previ
ous nanc
ialyear
s has ex
c eeded INR 25 crore orithas
completed5yearsfr
om t
hedateofincorporat
ion/r
egis
tration.

Provi
dedfurthert
hataStart
upshal
lbeel
igi
blefortaxbenetsonl
yaf
ter
ithasobtai
nedc ert
ic
ationfr
om theI
nter
-Minis
terialBoar
d,set
upfor
suchpurpose.

vr
amar
atnam.
com i
nfo@vr
amar
atnam.
com +919840277503
 DEFI
NITI
ONOFTERMS

TERM :
Ent
ity
DEFI
NITI
ON:Pr
ivat
eLi
mit
ed Company (
underThe Compani
es Ac
t,
2013)oraRegi ster
edPartner
shi
pFi r
m( underTheIndian
Partnershi
p Act,1932)orL i
mited Li
abil
it
yPar t
nership
(under The L imit
ed L i
abi
lit
y Par tners
hip Ac t
,
2008) Descr
ipt
ionofItem 1

TERM :
Ident
icat
ionofbusi
nessesc
over
edundert
he
deniti
oninPartAabove
DEFI
NITI
ON:
Abus
ines
sisc
over
edundert
hedeni
ti
oni
fitai
mst
o
devel
opandc
ommer
cial
ize
anewpr
oduc
tors
ervi
ceorpr
oces
s;or
asignic
antl
yimprovedexi
sti
ngpr
oductors
ervi
ceorproc
ess,
that
wil
lc r
eateoraddvaluef
orcust
omersorwor
kow.Themereactof
developi
ng.
produc
tsorser
vicesorpr
oces
seswhi
chdonothavepot
ent
ialf
or
commerci
ali
zat
ion;or
undi
er
ent
iat
edpr
oduc
tsors
ervi
cesorpr
oces
ses
;or
productsorservic
esorprocesseswit
hnoorli
mitedincr
emental
valueforcust
omer sorworkow woul
dnotbecover
edunderthis
deniti
on.InorderforaStar
tuptobeconsi
deredeli
gibl
e,t
he
Start
ups houl
d
besupportedbyar ecommendati
on(wit
hr egar
dtoinnovat
ive
nat
ureofbus i
ness),i
n afor
mats pec
ied byDI PP,f
rom an
I
ncubatorestabl
ishedinapos
t-gr
aduat
ec oll
egeinIndi
a;or
besupportedbyani nc
ubat
orwhi
chisfunded(i
nr elat
iont
o
the pr
oject
)f r
om GoIaspartofany speci
ed s
c heme t
o
promoteinnovati
on;
or
besupport
edbyar ecommendati
on(wit
hregardt
oinnovat
ive
nat
ureofbus i
ness)
,in afor
mats pec
ied byDIPP
,from an
I
ncubatorr
ecogni
zedbyGoI;or
vr
amar
atnam.
com i
nfo@vr
amar
atnam.
com +919840277503
 DEFI
NITI
ONOFTERMS
be funded by an Incubat
ion Fund/
AngelFund/Pr
ivat
e Equity
Fund/Ac c
elerator
/AngelNetworkdulyregi
ster
edwi
thSEBI
*t hat
endorsesinnovati
venatureofthebusi
ness;or
befundedbyGoIaspar
tofanys
pec
ieds
chemet
opr
omot
e
i
nnovati
on;
or
haveapat entgrantedbytheIndianPatentandTrademarkOcein
areasaliatedwi t
hthenatureofbus i
nessbeingpromoted.
*DIPP
maypubl i
s hanegati
vel
istoffundswhicharenoteligi
blef
ort
his
init
iat
ive.

TERM :
Tur
nover
DEFI
NITI
ON:AsdenedunderTheCompani
esAc
t,2013

TERM :
Int
er-
Mini
ster
ialBoar
d
DEFI
NITI
ON:AnI
nter
-Mi
nis
ter
ialBoar
dset
upbyDI
PPt
oval
idat
ethe
i
nnovati
venat
ureoft
hebus
ines
sforgr
ant
ingt
axr
elat
ed
benet
s
Approvalfrom theI
nter
-Mini
steri
alBoards hal
lnotinany
manner ,l
imitorabsol
vetheentity(i
es)fr
om anyliabi
li
ty
i
ncurredi ncaseofanymi sr
epresentati
on/f r
audaris
ing
fr
om s ubmissi
onofs uchappli
cationand/ors upport
ing
suchapplicati
on.

vr
amar
atnam.
com i
nfo@vr
amar
atnam.
com +919840277503
Intr
oduc t
ion of c ompliance r egime bas ed on s elf
-cert
icat
ion.
Start
-upswoul dbeallowedt os elf-c
erti
fycompl i
anc ewithlabourand
environmentl aws
.Asf arasl abourl awsarec oncerned,noinspecti
on
wouldbec onduct
edforaper i
odoft hreeyears.Incaseofenvi r
onment
laws,s t
art-
upsunder whi t
ec ategory would be abletos elf-
cer
tify
compl i
ance.

Fast t rack mec hanisms of s tar

t-up pat ent appl ications
Thegover nmentwoul dal l
ows t
art-
upstorealisetheval ueoft heir
intel
lectualpr oper t
yr ights(I
PR)attheear li
es tpossible,pat ent
applicationsoft hes t
art-
upswi l
lbef astt
rackedf orexami nat ion
anddi spos alF
as terexi t
sforstart
-upsProvisi
onsf orfas t
-tr
ac king
closureofbus ines seshavebeeni ncl
udedi nThei nsolvenc yand
Bankrupt cy Bi l
l, 2015 . Start
-ups, who have s impl e debt
struct
ures ,canbeal lowedt owindupwi t
hinaper i
odof90days
afterlinganappl icati
on.

vr
amar
atnam.
com i
nfo@vr
amar
atnam.
com +919840277503
 Fasterexi
tsf
orst
art-
ups.
Provisi
ons f
orfast
-tr
acki
ng closure ofbus i
nesses have been
incl
udedinTheins
olvenc
yandBankr upt
cyBill,
2015.Star
t-ups
,
who have simpl
e debtstr
uctures,can be al
lowed to wind up
withinaperi
odof90daysafterlinganapplicat
ion.
Taxexemptiont
ostart
-upsf
or3years.
Start
-upssetup aft
erApril1,2016,shal
lbe ex
empt
ed f
rom
income-t
axforaperi
odofthreeyear
s.
Taxex empt
iononinvest
ment sabovef ai
rmarketval
ue.
Exempt i
onwouldbeavailablet
ovent urecapi
tal
fundstoi
nvesti
n
start
-upsabovefairmark etvalue(FMV).Itwould al
soincl
ude
investment
smadebyi ncubatorsaboveFMV.
T
axex empt i
ononcapi
talgai
ns.
T
axonl ong-t
ermcapi
talgai
nsi nunl
ist
edent
iti
eswoul
dbec
ut
f
rom presentrat
eupto20per c
ent.
St
art
ingas
tar
t-upi
nadayt
hroughmobi
leapp.

Amobi leappwouldbemadel iveinApril2016thatwould,f

orbudding
st
art-ups,
actasawindowforinfor
mationexchangeandinter
ac t
ingwi
th
governmentandregul
ator
ybodi es
.Itwouldhelpst
artanewc ompanyin
asingledayasal
lpaperworkwouldbel edthr
oughthemobi leappand
portal

vr
amar
atnam.
com i
nfo@vr
amar
atnam.
com +919840277503
 Apaneltoaidstart
-upswithlegalsuppor
tandassi
stanceinling
ofpatentapplicati
on.Gover
nmentappoi nted f
aci
litat
orss hal
l
helpst
art-
upsinl inganddi spos
alofpatentapplic
ations
.The
govtwouldbearthec os
tofit
.

Normsofpubli
cprocur
ementf orst
art
-upstober
elax
edpubl
ic
sec
toruni
tswouldgi
vestar
t-upspr
efer
ence.

80 per c
entrebat
e on l
ing pat
entappli
cat
ionsby st
art
-ups
.
Star
t-upstobegiven80percentrebat
einli
ngpatent
stohelp
them lowerc
ostsofs
ett
ingupbusiness
.

St
art
-upIndiaHub.
Anentir
estart
-upecosystem t
hatwouldbeaset-
upandafri
end,
mentorandguidefors
t ar
t-upsthr
oughthei
rent
irej
our
ney
.
Sett
ingupof7newresear
chparksmodell
edont her
esear
chpar
k
atII
T-Madr
as.
Sevennew res
ear
chparkswithaninit
ialinves
tmentofRs100
cror
eeachwouldbesetup.
35newincubat
orsi
ninsti
tuti
ons.
Amaximum ofRs10cr
orenancials
uppor
ttobegi
venbyc
ent
ral
gover
nmenttonewincubator
s.

vr
amar
atnam.
com i
nfo@vr
amar
atnam.
com +919840277503
L
aunc
hofAt
alI
nnovat
ionMi
ssi
onEnt
repr
eneur
shi
ppr
omot
ion
Sec
tor
-spec
ici
ncubat
orst
obees
tabl
ished
500t
ink
eri
ngl
abswi
th3Dpr
int
ersi
nuni
ver
sit
ies

Pr
e-i
ncubat
iont
rai
ningt
opot
ent
ialent
repr
eneur
s

St
rengt
heni
ngoft
heexi
sti
ngi
ncubat
ionf
aci
li
ti
es
Seedf
undi
ngt
ohi
ghgr
owt
hst
art
-ups

I
nnovat
ionpr
omot
ion
I
nsti
tut
ionofi
nnovat
ionawar
ds:3pers
tat
e/UTand3nat
ional
l
evel

Pr
ovi
ding s
upportto St
ateInnovat
ion c
ounci
lsf
orawarenes
s
cr
eat
ionandorgani
sings
tat
e-l
evelworks
hops/
conf
erenc
es
L
aunchofGr
andInnovat
ionChal
lengeAwar
dsf
orndi
ngl
ow-
cos
t
s
olut
iontoi
ntr
actabl
eprobl
ems

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amar
atnam.
com i
nfo@vr
amar
atnam.
com +919840277503
 GetI
nTouc
h..
.

21,RukmaniStKamatc
hiPur
am,
Wes
tMambal
am
Chennai
,TamilNadu600033
+919840277503,
+919840356270

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amar
atnam.
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atnam.
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