July 26, 2024
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Startup recognition and support: government outlines measures enhancing funding, regulatory relief, procurement and intellectual property facilitation for startups.
The DPIIT recognition regime classifies entities as startups and links recognition to eligibility for financial instruments (seed fund, fund of funds, credit guarantees), procurement relaxations, expedited exit, self-certification under specified labour and environmental laws, income-tax concessions and an exemption from a valuation provision; complementary measures include expedited and subsidised intellectual property support, online hubs and investor/mentorship portals, incubators, sectoral schemes and state-level ranking and outreach initiatives.