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Startup India Hub
The Startup India Hub, which has been established within Invest India, will be a single point of contact for the entire Startup ecosystem which would enable exchange of knowledge.
The Startup India Hub has been able to resolve 12,290 queries received from Startups through telephone, emails and Twitter. Its portal (http://startupindia.gov.in) was launched and mobile app have been launched by Secretary, DIPP, Ramesh Abhishek, on March 31 this year.
The Startup India Hub, which has been established within Invest India, will be a single point of contact for the entire Startup ecosystem which would enable exchange of knowledge. The Hub will work in a hub and spoke model with Governments, VCs, Angel Funds, Incubators, Mentors, etc. It will assist Startups through their lifecycle, on all aspects, such as providing mentorship, incubator facilities, IPR support, funding etc.
The Hub will be operational from 10 am to 5:30 pm on working days and can be reached via the toll free number: 1800115565 or the email ID: [email protected] A module to recognise incubators has been launched enabling entrepreneurs to obtain recognition from the government.
Startup India Hub would soon be launching an interactive online learning and development module to educate Startups and aspiring entrepreneurs, through various stages of their entrepreneurial journey.
The learning and development module shall be made available through the Startup India portal. The Finance Act, 2016 has made provision for Startups to get income tax exemption for 3 years in a block of 5 years, if they are incorporated between 1st April 2016 and 31st March 2019.
To avail of these benefits, one must get a Certificate of Eligibility from the Inter‐Ministerial Board of DIPP. Tax exemption on investments above Fair Market Value have been introduced for investments made in Startups (as per definition).
A maximum fee of Rs 5,000 can be charged by the incubators for providing Letter of Recommendation to Startups. In cases where external expert(s) is/are required to assess the innovativeness of a product/service/ process, a maximum fee of Rs 10,000 can be charged by the incubators.
In order to augment the existing list of incubators, a module to recognise incubators has been launched. This shall enable incubators to obtain recognition from the government to issue recommendation letters to Startups.
A panel of facilitators has been constituted for providing assistance and support in filing applications for Intellectual Property Rights (IPR), wherein, Department of Industrial Policy and Promotion (DIPP) would bear the facilitation cost.
