Eligibility criteria for recognition as a start-up includes:
The start-up should be incorporated as a private limited company or registered as a partnership firm or a limited liability partnership
Turnover should be less than INR 1 b in any of the previous financial years
An entity shall be considered as a start-up up to 10 years from the date of its incorporation
The start-up should be working towards innovation/ improvement of existing products, services and processes and should have the potential to generate employment/ create wealth. An entity formed by splitting up or reconstruction of an existing business shall not be considered a start-up
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