Startup tax exemption refers to the tax relief benefits that new businesses, like StartupFlora, receive from the government. These exemptions reduce or eliminate taxes for a specified period, helping startups save money during their initial growth phase. This financial relief allows companies like StartupFlora to reinvest their savings into the business, fostering innovation, development, and expansion. The goal of these tax exemptions is to support the growth of small businesses, encourage entrepreneurship, and stimulate the economy. By alleviating the tax burden, startups can focus on building their operations and achieving long-term success.