Union Government Launches Start-up India portal and mobile app
The Union Government has launched the Start-up India portal 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 Start-up India.
• 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 Start-ups.
• It was established within Invest India, will be a single point of contact for the entire Start-up 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 Start-ups on all aspects through their lifecycle such as providing mentorship, incubator facilities, IPR support, funding etc.
• It provides simple and user friendly process of recognition for start-ups listed in the Start-up India Action Plan.
• Provide a real time digital version final recognition certificate is provided to Start-ups on completion of the application process.
• The portal and mobile app will help in process of verification of certificates by entering the Start-up Recognition/ Certificate Number.
• Inter-Ministerial Board set up DIPP will verify the eligibility of Start-ups opting to avail Tax and IPR related benefits.
• Background The “Start-up India” initiative was launched by the Prime Minister Narendra Modi on January 16, 2016 at Vigyan Bhavan, New Delhi. As part of it Start-up India Action Plan was released.
• It highlights initiatives envisaged by the Government to develop a conducive Start-up ecosystem in the country.