Startup India Policies of Karnataka

Benefits of Startup India Policies of Karnataka:

To give new talent and idea a platform to showcase and prove their creativity, Karnataka government has various Startup India initiatives. So, here have a look at the benefits:

• The expense of documenting an indictment of the patent application will be repaid to hatch new businesses up to the furthest reaches of Rs. 2 lakhs for each Indian patent granted.
• For outside licenses on a solitary topic, up to Rs. 10 lakhs will be repaid to hatch new businesses.
• The repayment will be done in 2 phases – 75% after the patent is recorded and the equalization 25% after the patent is allowed.
• 30% of the genuine promoting costs incorporating travel brought about in universal showcasing through public exhibition investment will be repaid on the accommodation of substantial cases. This motivating force will be liable to a most extreme of Rs. 5 Lakhs for every year per organization.
• Administration Tax paid by new companies hatched in Government of Karnataka bolstered hatcheries and CIFs whose yearly turnover does not surpass Rs. 50 Lakhs for the initial three years will be repaid.

Eligibility for Startup India Policies of Karnataka:

Karnataka government has so much for the people who have innovative ideas and thoughts but, people should have to fit under the eligibility criteria for this scheme such as:

• The startup should be registered with the Karnataka Startup Cell. And, this cell should be valid with Karnataka Startup Cell registration number.
• All the International Marketing activities undertaken by the applicant in trade show participation will be funded. Any marketing and sales portion activities will also be undertaken by the applicant.
• To claim the reimbursement, only parents need to file the form within the validity.
• The applicant should have paid the necessary government fees/attorney fees in this respect.

Click here if you wish to get your Startup recognized under the Startup India Program.