OVERVIEW
StartUp India is the Government of India’s flagship initiative to nurture innovation and Startups in the country. This initiative seeks to empower Startups through a two-pronged approach: A single point access for entrepreneurs, who can file their initial paperwork with Startup India thus facilitating a smooth onboarding process; Training and mentoring institutes that will provide entrepreneurship skills training, legal support, access to mentors and investor community
Following criteria should be there for start up registration.
COMPANY AGE
The period of existence and operation of the company should not be exceeding 10 years from the date of incorporation.
COMPANY TYPE
The Company shall be formed as a Private Limited Company, Registered Partnership Firm or a Limited Liability Partnership.
ANNUAL TURNOVER
Your turnover must not exceed Rs. 100 crore for any of the financial years since its Incorporation
ORIGINAL ENTITY
The entity should not have been formed by splitting up or reconstructing an already existing business in order to bring the entity into existence. business
INNOVATIVE & SCALABLE
This project is a good opportunity towards the development of an innovative product or service which has the potential to create wealth and employment.