Healthcare Technology (HealthTech)
Company Registration
Company Incorporation of a HealthTech Startup in 12 Days
How WizBiz incorporated a Bengaluru HealthTech startup in 12 days, enabling them to close ₹2 crore angel investment and secure DPITT startup recognition.
Company Incorporation for HealthTech Startup | Case Study | WizBiz
Company Registration, Startup, HealthTech, Private Limited, Bengaluru, DPITT, ESOP
WizBiz Team
Challenge
Two IIT Bombay alumni, Priya and Aditya, had developed an AI-powered diagnostic tool for early detection of diabetic retinopathy. They needed to incorporate a private limited company urgently to: (1) Accept a ₹2 crore angel investment from a healthcare-focused VC; (2) Apply for a government medical device manufacturing license; (3) File patents for their technology. The investors had set a 30-day deadline for incorporation. The founders were first-time entrepreneurs and had no idea about the incorporation process, required documents, or compliance requirements for a HealthTech company.
Solution
Our company registration team expedited the entire process: (1) Advised on the optimal company structure (Private Limited vs. One Person Company vs. LLP) — recommended Private Limited with ESOP pool for future hires; (2) Prepared all incorporation documents including MOA, AOA, DIN applications, and digital signatures; (3) Secured DPITT startup recognition for tax benefits under Section 80-IAC; (4) Filed the incorporation application on the MCA portal with all supporting documents; (5) Assisted in opening a current account with a startup-friendly bank; (6) Advised on mandatory registrations including MSME, TAN, PAN, Professional Tax, and Shop & Establishment Act; (7) Drafted a board resolution for the investment round.
RESULTS
Company incorporated in 12 days — 18 days ahead of the investor deadline. The angel investment of ₹2 crore was successfully closed. The company received DPITT startup recognition, entitling them to a 3-year income tax holiday under Section 80-IAC. Patent filing for their AI diagnostic tool was initiated within 2 weeks of incorporation. The founders now have a clear understanding of their compliance calendar and statutory obligations.
Key Metrics
Time to Incorporate: 12 Days (vs 30-day deadline)
Investment Enabled: ₹2 Crore
Tax Holiday: 3 years (Sec 80-IAC)
Documents Filed: 15+
Registrations Complete: 7 (MCA, GST, MSME, TAN, PAN, PT, Shop & Establishment)
Testimonial
As first-time founders, we were completely lost in the legal and regulatory maze. WizBiz held our hand through the entire incorporation process and got it done in just 12 days. Their advice on startup recognition and ESOP structure was invaluable. They're our go-to partners for all compliance needs.
