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GOVERNMENT BENEFITS FOR STARTUP COMPANIES

1.  TAX EXEMPTIONS on income tax for 3 years

 

2.  TAX EXEMPTIONS on capital gains & on investments above Fair Market Value.

 

3.   PUBLIC PROCUREMENT fast track under the criteria of "prior experience / turnover" - Relaxed for tenders by Central Ministries/CPSUs; included in GFR 2017

 

4.   EXEMPTIONS FROM REQUIREMENT OF EARNEST MONEY DEPOSIT (EMD) IN GOVERNMENT TENDERS

 

5.   INR 10,000 CRORE FUND of funds for investment into start-ups through Alternate Investment Funds.

 

6.  INR 2,000 CRORE CREDIT guarantee fund for start-ups through National Credit Guarantee Trust Company SIDBI over years

 

7.   SINGLE POINT DECLARATION and compliance under 9 environmental & labour laws

 

8.   STARTUP PATENT & TRADEMARK APPLICATION fast track & govt. to bear facilitation cost.

 

9.   Support to R&D Institutions The assistance will be given up to 60% of the project cost.

 

10. CLOUD SERVICES:

            $ 1000 worth Cloud Credits @ Amazon Web Services.

            $ 1000 worth Cloud Credits @ Digital Ocean

            $ 300 worth Cloud Telephony Services @ My Operator

            $ 100 worth Cloud Telephony Services @ Exotel

 

11.      FUNDING SUPPORT:

           a. CROWD FUNDING

           b. ANGEL FUNDING

           c. VENTURE CAPITAL

           d. GOVT. FUNDS

           e. BUSINESS INCUBATORS & ACCELERATORS FUNDING.

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