Startup India Registration from Wellcorp Office
Things to know
What is Startup India Registration?
The Startup India Registration is the process of registering a startup with the Government of India under the Startup India Scheme. The scheme was formulated by the Indian Government to promote and support the growth of startups in India. The scheme also aims at providing easier access to capital, incubation, mentoring as well as networks. If you are about to register your startup under this scheme, then this is for you!
Startup India Registration Benefits
There are several reasons why you should register your startup under Startup India Scheme. Some of them are:
• To avail the benefits and subsidies offered by the government to startups
• To get funds easily from banks and other financial institutions
• To get access to a wide network of mentors, incubators and accelerators
• To get assistance in marketing and branding of your startup
• To earn a separate identity and credibility among the investors in India
• To get intellectual property protection like trademark and patent protection on priority and lower costs
• To be able to bid on government tenders
• To get faster exit root
Eligibility for Startup India Registration
To be eligible for the Startup India registration, your startup must fulfil the following conditions:
Documents Required for Startup Registration Online
The following documents are required for Startup India Registration:
Process of Startup Registration in India
The startup registration process is straightforward and can be done online.
Step 1: Create a Profile on Startup Website
The first thing you need to do is to create a profile for your startup on the Startup India website. You can do so by opening the website and filling up the form with your business details. Make sure you choose the type of user as 'a startup'
Once your profile is created you will have access to multiple programs and benefits available under the scheme. There are many useful resources that become handy here.
Step 2: Apply for DPIIT Recognition
After creating a profile, you can apply for Department for Promotion of Industry and Internal Trade (DPIIT) recognition by clicking on "Get Recognised" button on the website and fill up the "Startup Recognition Form". On completion of DPIIT recognition, you get the following benefits:
Step 3: Submit the Required Documents
Along with the application, submit the required documents. Make sure that the documents are valid and are scanned clearly to avoid rejection of or delay in registration.
Step 4: Get Recognised
After submitting the form, you need to wait for approval. This usually happens within two days. Meanwhile, a recognition number will be received to check the status of application.
The last step in Startup India online registration is receipt of Certificate of Recognition. It can be downloaded from Startup India portal.
Penalty for Fraud
Penalty for uploading forged, manipulated or wrong documents or not uploading required documents is 50% of paid-up capital with a minimum limit of Rs. 25,000.
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