The increasing presence of women as entrepreneurs has led to the change in the demographic characteristics of business and economic growth of the country. Women-owned businesses enterprises are playing a prominent role in society inspiring others and generating more employment opportunities in the country.
There is need for sustainable growth of women entrepreneurs, to promote a balanced growth in the country, and Startup Karnataka is committed to strengthening the women entrepreneurship ecosystem, through policies and initiatives, and creation of enabling networks.
The startups will be eligible for reimbursement of VAT/CST on any goods that are supplied to the incubatee. To avail these benefits under the Startup Policy, the following eligibility criteria have to be met:
If reimbursement is claimed against Advertisements / PR in International Print / Broadcast / Online Publications / Google AdWords / social media marketing content, the following need to be furnished:
Copy of Invoices and Purchase Orders for all Marketing Expenses claimed along with at least one supporting document for each expense. In this regard, the company/unit has to produce proof of stay at the location (hotel bills) along with air travel (air tickets and boarding pass sealed and stamped by airport security) and copy of the passport first and last page and stamped visa.
On receipt of all necessary documents, KITS will duly analyze the Application for eligibility. Post review & assessment of the Application, KITS will arrive at the quantum of reimbursement due and payable. The Managing Director, KITS will finally sanction the eligible amount for reimbursement and the decision shall be deemed final in this regard.