IT ministry searches for problem areas where start-ups can play role

The govt in May tweaked the definition of start-ups to allow more companies to benefit from Startup India

The information technology ministry has written to all central ministries and state governments in an effort to identify problem areas where start-ups can play a role.

Sources said a Rs 5-crore fund had been created in the IT ministry, which would seek solutions from start-ups to the problems identified by the other ministries and the state governments.

“The selected start-ups will be hand-held by the ministry,” an official said. Through Startup India, the government provides sops to start-ups like self-certification, a fast track for and rebates in filing patents, and exemptions on income tax for three years. The government has also created