<h1>Over 5,350 Startups Recognized Under 'Startup India' Initiative, Benefiting from Funds, Tax Exemptions, and Support Measures.</h1> As of December 1, 2017, 5,350 startups have been recognized under the 'Startup India' initiative by the Department of Industrial Policy and Promotion. The initiative aims to support startups through various measures, including a Fund of Funds with a corpus of INR 10,000 crore, tax exemptions, and relaxed public procurement norms. INR 605.7 crore has been committed to 17 Alternative Investment Funds, with INR 337.02 crore invested in 75 startups. The initiative also includes provisions for self-certification, faster patent processing, and the establishment of innovation centers and research parks to foster entrepreneurship across India.