Launched on 16th January, 2016, the Startup India Initiative has rolled out several programs with the objective of supporting entrepreneurs, building a robust startup ecosystem and transforming India into a country of job creators instead of job seekers. These programs are managed by a dedicated Startup India Team, which reports to the Department for Industrial Policy and Promotion (DPIIT).
The broad scope of Startup India’s programs is outlined in the Action Plan below.
Under the Startup India Initiative
Easier compliance, easier exit process for failed startups, legal support, fast tracking of patent applications and a website to reduce information asymmetry.
Exemptions on Income Tax and Capital Gains Tax for eligible startups; a fund of funds to infuse more capital into the startup ecosystem and a credit guarantee scheme.
Creation of numerous incubators and innovation labs, events, competitions and grants.
This website, also known as the Startup India Portal, is one of the programs mandated under the Startup India Initiative. It is the single largest online platform for startups and entrepreneurs in India, connecting them to tens of thousands of other startups, as well as other key stakeholders such as investors, mentors and incubators.
The portal aims to reduce knowledge asymmetry in the startup ecoystem and better equip entrepeneurs for success by providing them with essential information and valuable online resources. Learn more about these online resources in the video on the right.