7. The Startup Regime proposes to achieve the following avowed objectives:-
1) To recognize and identify incubators that are eligible to provide the said recommendation letter. This would enable Startups to access a wider base of incubator(s) to obtain the same.
2) To reduce the regulatory burden on Startups thereby allowing them to focus on their core business and keep compliance cost low
3) To create a single point of contact for the entire Startup ecosystem and enable knowledge exchange and access to funding
4) To serve as the single platform for Startups for interacting with Government and Regulatory Institutions for all business needs and information exchange among various stakeholders
5) To promote awareness and adoption of IPRs by Startups and facilitate them in protecting and commercializing the IPRs by providing access to high quality Intellectual Property services and resources, including fast-track examination of patent applications and rebate in fees.
6) To provide an equal platform to Startups (in the manufacturing sector) vis-à-vis the experienced entrepreneurs/ companies in public procurement.
7) To make it easier for Startups to wind up operations
8) To provide funding support for development and growth of innovation driven enterprises
9) To catalyse enterpreneurship by providing credit to innovators accross all sections of society
10) To promote investments into Startups by mobilizing the capital gains arising from sale of capital assets.

—The author is Founding and Managing Partner of Anand Law Practice. He can be reached at kamalkanand@anandlawpractice.com