Procedure for recommendation of Startup

We are glad to announce that SIIC is an approved an incubator of the Department of Industrial Policy and Promotion (DIPP) to provide recognition certification to all Start-ups, in order for them to avail various tax and IPR benefits proposed under the Finance Bill, 2016.
There is an online portal (http://startupindia.gov.in/startup_registration.php) through which prospective start-ups can apply. SIIC undertakes the due-diligence process, as specified, and issues the required certification.

Recommendation Process of Startup by Incubators under Startup India Action Plan

For providing “Recommendation Letter” under the Startup India Action Plan the guideline provided by Department of Industrial Promotion & Policy- DIPP, Government of India is as follows:

“Startup” means it satisfies the following conditions

Your Company should be a Private Limited Company (including a One Person Company) or registered Partnership Firm or Limited Liability Partnership and should further satisfy the following criteria

  • Should not be more than 5 years from the date of its incorporation /registered
  • Its turnover for any of the financial years has not exceeded INR 25 crore
  • It is working towards innovation, development, deployment or commercialization of new products, process or services driven by technology or intellectual property.
  • A proprietorship or a public limited company is not eligible as startup
  • The entity should not have been formed by splitting up or reconstruction of a business already in existence or created as subsidiary of an existing company or foreign entities

For providing you with the letter of Recommendation, you are requested to send us the application in hard copy along with listed documents and application fee in the form of a Demand Draft in the name of ‘The Registrar, IIT Kanpur’

  1. Copy of Certificate of Incorporation issued by ROC
  2. A self attested copy of audited account statements from the date of inception
  3. A self attested copy of income Tax Return filed from date of inception
  4. Undertaking duly signed by Founders/Promoters of Startup on letter head
  5. Other documents as listed in the application form
  6. An Application fee of INR 10,000/-(non refundable) at the time of submission of application form
  7. On successful recommendation of internal scrutiny Committee, the letter of recommendation will be delivered to you.
  8. The completed application form has to be submitted at the address given below
Ms. Sudha Selvaraj
SIDBI Innovation & Incubation Centre
IIT Kanpur, 208016
Ph: 0512-2597057
Email: siic@iitk.ac.in

Note: Application form for startup is available here

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