What is the official definition of a startup?

orangepeacock

What is startup as per DPIIT? What are the benefits of registering as a startup?

linda_rice

A startup is an entity that is either registered as a Private Limited Company, Limited Liability Partnership or a Partnership firm under the Companies Act, 2013 or any previous company law and is engaged in the business of providing technology-based solutions in India with a turnover of less than INR 100 Crores in any financial year.

In order to avail the benefits under the Startup India Action Plan, an entity shall:

Be a Private Limited Company, Limited Liability Partnership or a Partnership firm incorporated under the Companies Act, 2013 or any previous company law; and
Be engaged in the business of providing technology-based solutions in India; and
Have a turnover of less than INR 100 Crores in any financial year; and
Self-certify that it is working towards innovation, development, deployment or commercialization of new products, processes or services driven by technological innovation or intellectual property.

orangepeacock

As per the Department for Promotion of Industry and Internal Trade (DPIIT), a startup is an entity incorporated or registered in India not prior to seven years, with annual turnover not exceeding INR 100 crore in any preceding financial year, and working towards innovation, development, deployment or commercialization of new products, processes or services driven by technology or intellectual property.