If an entity is incorporated as a Private Limited Company, Registered Partnership Firm, or Limited Liability Partnership, it is considered a “Startup.” A sole proprietorship or a public limited company are ineligible for startup funding. If it has been up to ten years since its incorporation/registration And if its revenue for any of the fiscal years did not exceed INR 100 crore If it is working to innovate, develop, or improve products, processes, or services, or if it is a scalable business model with a high potential for job creation or wealth creation, it should not have been formed by splitting up or reconstructing an existing business.