The Government is planning to set up a Credit Guarantee Fund (CGF) for encouraging start-up companies with a view to providing funding facilities in the country. The scheme has yet to be made operational.
Incentives being provided to Startups under Startup India initiative are:
- Self-Certification under 6 Labour Laws & 3 Environmental Laws
- Relaxations in Public Procurement Norms
- Faster exit under the Bankruptcy Code
- Rebates on Patent & Trademark filing fees, support from facilitators and expedited examination of Patent application
- Income Tax exemption
- Exemption from Income Tax on investments received above fair market value
- Funding support under the Fund of Funds for Startups
- Guidance and facilitation support from Startup India Hub
Department of Industrial Policy and Promotion hosted Startup India Global Venture Capital Summit 2018 on 7th December 2018 in Goa.
It was a gathering of global fund managers, limited partners, officials from the Government of India and innovative startups. The dialogue focused on the huge return-generating potential of India’s vast and diverse market monetized through cutting-edge technologies supported by investor-friendly regulations. The objectives of the Summit were:
- Showcasing the opportunities in India by discussing and highlighting sectors that provide a wide array of investible opportunities
- Increasing capital flow for Indian startups by showcasing high quality tech & non tech Indian startups to the global investor community
- Fostering ease of doing business by Identifying and discussing issues raised by investor community