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Now, startups can easily avail IPR benefits

They just need only a DIPP certificate for Intellectual Property Rights related benefits

Policy Pulse
Publish Date: Jul 23 2016 5:01PM | Updated Date: Jul 23 2016 5:01PM

Now, startups can easily avail IPR benefits

Commerce and Industry Minister Nirmala Sitharaman on Saturday took an initiative to improve ease of doing business specially for start-ups.  Now, a start-up would now need only a certificate of recognition from the government to avail IPR-related benefits.

 

Earlier, a budding entrepreneur had to go through an elaborate process of approaching an inter-ministerial board to procure the Intellectual Property Rights (IPR) benefits. 

 

"A start-up would now require only a certificate of recognition from the Department of Industrial Policy and Promotion (DIPP) and would not be required to be examined by the inter-ministerial board, as was being done earlier. This is one rapid change that we have brought in," she said here at the 'Start-up India States' Conference'. 

 

Under the 'Start-up India' action plan, the government has announced three-year tax holiday and other benefits to these entrepreneurs. 

 

She also said that the ministry has lined up a series of meetings with different stakeholders, including investors to resolve start-up issues. She will also meet investors, industry and journalists soon. 

 

The Minister also said that seven proposals for research parks, 16 for TBIs (Technology Business Incubators) and 13 proposals for Start-up Centres have been recommended by the National Expert Advisory Committee formed by the Human Resource Development Ministry.