<p class="title">As many as 19 state governments have implemented startup policies with a view to promote budding entrepreneurs in the country, the commerce and industry ministry today said.</p>.<p class="bodytext">In January 2016, Prime Minister Narendra Modi unveiled a slew of incentives to boost startup businesses, offering them a tax holiday, inspector raj-free regime and capital gains tax exemption as part of the startup action plan.</p>.<p class="bodytext">"At the time of launch of this initiative, only four states had a started startup policy, whereas 19 states have implemented startup policies now," the ministry said in a statement.</p>.<p class="bodytext">To further give an impetus to the momentum, state/UT startup ranking framework has been launched in February.</p>.<p class="bodytext">The key objective of the ranking is to encourage states to take proactive steps towards strengthening the startup ecosystems within their jurisdictions.</p>.<p class="bodytext">To promote innovation among startups, the ministry provides 80 percent rebate in patent filing fees and 50 percent on trademark filing fees.</p>.<p class="bodytext">"423 patent facilitators and 596 trademark facilitators have been nominated for this purpose. The initiative has benefited 671 patent applicants, 941 trademark applicants along with 144 expedited examinations," it said.</p>.<p class="bodytext">Further, the ministry said international bilateral cooperation with countries having strong startup ecosystems - Israel, Singapore, Portugal and Sweden - have been entered into by Startup India Hub to facilitate market access and promote investments. </p>
<p class="title">As many as 19 state governments have implemented startup policies with a view to promote budding entrepreneurs in the country, the commerce and industry ministry today said.</p>.<p class="bodytext">In January 2016, Prime Minister Narendra Modi unveiled a slew of incentives to boost startup businesses, offering them a tax holiday, inspector raj-free regime and capital gains tax exemption as part of the startup action plan.</p>.<p class="bodytext">"At the time of launch of this initiative, only four states had a started startup policy, whereas 19 states have implemented startup policies now," the ministry said in a statement.</p>.<p class="bodytext">To further give an impetus to the momentum, state/UT startup ranking framework has been launched in February.</p>.<p class="bodytext">The key objective of the ranking is to encourage states to take proactive steps towards strengthening the startup ecosystems within their jurisdictions.</p>.<p class="bodytext">To promote innovation among startups, the ministry provides 80 percent rebate in patent filing fees and 50 percent on trademark filing fees.</p>.<p class="bodytext">"423 patent facilitators and 596 trademark facilitators have been nominated for this purpose. The initiative has benefited 671 patent applicants, 941 trademark applicants along with 144 expedited examinations," it said.</p>.<p class="bodytext">Further, the ministry said international bilateral cooperation with countries having strong startup ecosystems - Israel, Singapore, Portugal and Sweden - have been entered into by Startup India Hub to facilitate market access and promote investments. </p>