Incentives for Startups from Government of India
Startups in India are becoming very popular. The government has initiated and extended support to Startup India . Many advantages are given to entrepreneurs who set up start-ups to foster growth and support the Indian economy.Let us look at those benefits. 1. Reduction of Cost: The government offers lists of patent and trademark facilitators. Including a quick review of patents at lower fees, they can provide high-quality intellectual property rights services. All facilitator fees will be charged by the government and the start-up will only pay the statutory fees. They will experience an 80% reduction in patent filing costs . 2. Simplification of Process: A mobile app and website for easy registration for start-ups have been launched by the Government of India. You can fill out a simple form on the website and submit those documents to anyone interested in setting up a start-up.The whole process is online. 3. ...