Did you know that over 26,000 startups were recognized in 2022 alone?

India’s startup economy has been on a rapid rise since 2016, with businesses mushrooming across the country.

What Qualifies as a Startup?

Many entrepreneurs face the challenge of understanding what qualifies as a “Startup” under DPIIT.

✅ Here are the key criteria:

➡️ Age Advantage: Entities incorporated as private limited companies, registered partnerships, or limited liability partnerships in India can enjoy startup benefits for up to ten years from their registration date.

➡️ Financial Threshold: The entity’s turnover should not exceed INR 100 crore in any financial year since incorporation.

➡️ Innovation Focus: Startups must be working on innovative products, processes, or services. Scalable business models with high potential for employment generation or wealth creation also qualify.

✅ Registration Process Simplified: To ease the registration process, follow these steps:

➡️ Create a Profile: Head to the Startup India Portal and create a profile. Verify your email with an OTP.

➡️ Complete Company Details: Add specifics like company name, CIN, industry, area of operation, and development stage (ideation, validation, early traction, or scaling).

➡️ Answer Questions: Provide company-specific responses on the portal. DPIIT will review your application based on these answers.

✅ Questions to address:

➡️ Innovation: What product/service improvements are you working on?
➡️ Problem-Solving: What problem does your startup aim to solve?
➡️ Unique Solution: How does your solution stand out?

Let’s empower India’s entrepreneurial spirit together!

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