The followings conditions must be fulfilled in order to be eligible as Startup:

• Being incorporated or registered in India up to 10 years from its date of incorporation.
• Is a private limited company or registered as a partnership firm or a limited liability partnership.
• Has an annual turnover not exceeding Rs. 100 Crore for any of the financial years since incorporation/registration.
• Is working towards innovation, development or improvement of products or processes or services, or if it is a scalable business model with a high potential of employment generation or wealth creation.

Benefits under Startup India:

1. Simple Process

2. Reduction in Cost

3. Tax Holiday for 3 years

4. No time consuming compliances

5. Tax Saving for investors

6. Easy Exit

7. Self-Certification

8. An Incubator Setup

9. Research and Innovation Benefits

10. Patent Application & IPR Application at discounted price