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Award Winning Company

Seed Fund Scheme Financial Assistance
Proof of Concept

The Startup India initiative of the Government of India envisages building a robust Start-up ecosystem in the country for nurturing innovation and providing opportunities to budding entrepreneurs.

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Tax Exemptions

After getting your DPIIT Certificate, Startups can Apply for 80 IAC Tax Exemption and Exemption under Section 56 of the Income Tax Act (Angel Tax)

Startup India: 80 IAC Tax Exemption

Eligibility Criteria for applying to Income Tax exemption (80IAC):

  • The entity should be a recognized Startup
  • Only Private limited or a Limited Liability Partnership is eligible for Tax exemption under Section 80IAC
  • The Startup should have been incorporated after 1st April, 2016

    • Once recognized, a startup can apply for tax exemption under section 80 IAC of the Income Tax Act, allowing for a three-year tax holiday within its first ten years of incorporation.

Eligibility Criteria

01

A startup, recognized by DPIIT, incorporated not more than 2 years ago at the time of application.

02

The startup must have a business idea to develop a product or a service with a market fit, viable commercialization, and scope of scaling.

03

The startup should be using technology in its core product or service, or business model, or distribution model, or methodology to solve the problem being targeted.

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04

Preference would be given to startups creating innovative solutions in sectors such as social impact, waste management, water management, financial inclusion, education, agriculture, food processing, biotechnology, healthcare, energy, mobility, defence, space, railways, oil and gas, textiles, etc.

05

Startup should not have received more than Rs 10 lakh of monetary support under any other Central or State Government scheme. This does not include prize money from competitions and grand challenges, subsidized working space, founder monthly allowance, access to labs, or access to prototyping facility.

06

Shareholding by Indian promoters in the startup should be at least 51% at the time of application to the incubator for the scheme, as per Companies Act, 2013 and SEBI (ICDR) Regulations, 2018.

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Registration Process

Revolutionising Indian Startups & MSMEs

Want to avail Government Benefits & Subsidies?

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Free PDF

Guidelines for Startup India Seed Fund Scheme

It is essential to provide seed funding to startups with an innovative idea to conduct proof of concept trials.

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