Company Age: The startup must be less than ten years old from the date of incorporation.
Business Type: Private Limited Company, LLP, or Partnership Firm.
Annual Turnover: Annual turnover cannot exceed ₹100 crore in any fiscal year.
Innovation: The startup should be developing new goods, services, and business models.
DPIIT Certificate: To receive recognition, the business must apply for a DPIIT Certificate.
DPIIT Registration: DPIIT Registration is required to take advantage of tax breaks, grants, and government programs.
Not a Split: A startup should not be founded by breaking up or rebuilding an existing business.