In India, startups are getting increasingly popular. The government, led by Prime Minister Narendra Modi, has launched and supported the Startup India initiative and wants to encourage entrepreneurs to generate more employment in the country. The Startup India project aims to create a robust ecosystem that promotes startup growth.
Your company must meet the following criteria to be considered eligible for DPIIT startup recognition:
i) Company Age
Period of existence and operations should not be exceeding 10 years from the Date of Incorporation.
ii) Company Type
Incorporated as a Private Limited Company, a Registered Partnership Firm or a Limited Liability Partnership.
iii) Annual Turnover
Should have an annual turnover not exceeding Rs. 100 crore for any of the financial years since its Incorporation.
iv) Original Entity
Entity should not have been formed by splitting up or reconstructing an already existing business.
v) Innovative & Scalable
Should work towards development or improvement of a product, process or service and/or have scalable business model with high potential for creation of wealth & employment.
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Note: This Post was last updated on July 4, 2022
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