The Union Government has launched the Startup India portal (http://startupindia.gov.in) and mobile application.
It was launched by the Department of Industrial Policy & Promotion (DIPP) Ramesh Abhishek in New Delhi as an integral component of the Action Plan of the Startup India.
Key features
Information Availability: The portal and mobile app provide up-to- date information issued by various Government ministries/ departments.
They will also provide information regarding incubators and funding agencies recognized for the purpose of recommending Startups.
Startup India Hub: It was established within Invest India, will be a single point of contact for the entire Startup ecosystem.
It would enable exchange of knowledge and will work in a hub and spoke model with Governments, Angel Funds, VCs, Incubators, Mentors, etc.
It will assist Startups on all aspects through their lifecyclesuch as providing mentorship, incubator facilities, IPR support, funding etc.
Application for Startup Recognition: It provides simple and user friendly process of recognition for start-ups listed in the Startup India Action Plan.
Real Time Startup Recognition: Provide a real time digital version final recognition certificate is provided to Startups on completion of the application process.
Verification of Recognition Certificate: The portal and mobile app will help in process of verification of certificates by entering the Startup Recognition/ Certificate Number.
Approval of Inter-Ministerial Board: Inter-Ministerial Board set up DIPP will verify the eligibility of Startups opting to avail Tax and IPR related benefits.
Background
The “Startup India” initiative was launched by the Prime Minister Narendra Modi on January 16, 2016 at Vigyan Bhavan, New Delhi.
As part of it Startup India Action Plan was released. It highlights initiatives envisaged by the Government to develop a conducive Startup ecosystem in the country.
Current Affairs 31th March, 2016 Highlights of Union Budget 2016-17 Highlights of Railway Budget 2016
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