Under the Startup India initiative, your company or entity can get recognized as Startup by Department for Promotion of Industry and Internal Trade, in order to access a host of tax benefits, easier compliance, IPR fast-tracking & more. Aimed to make India, one of the largest and vigorous start-up ecosystems in the world, a 19-point start-up India action plan was launched in January 2016 which paved the way for the introduction of a number of policy initiatives to build a strong, conducive, growth-oriented environment for Indian Startups.