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1. The entity is in any of the following:

Private Limited Company
Public Limited Company
Limited Liability Partnership
Partnership Firm
2. The annual turnover of the applicant shall not be more than INR 100 crores for any financial years since its incorporation.

3. Shall be working towards innovation / development / improvement products / processes / services. It can also be a scalable business model with a high potential for wealth creation or employment generation.

4. An entity which has come into existing by splitting up or reconstruction of any existing business entity shall not be considered a ‘Startup'.

5. Shall not be more than 10 years old.

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