Up to a period of ten years from the date of incorporation/ registration, if it is incorporated as a private limited company (as defined in the Companies Act, 2013) or registered as a partnership firm (registered under section 59 of the Partnership Act, 1932) or a limited liability partnership (under the Limited Liability Partnership Act, 2008) in India.
Turnover of the entity for any of the financial years since incorporation/ registration has not exceeded one hundred crores rupees.
Entity is working towards innovation, development, or improvement of products or processes, or services.
Provided that an entity formed by splitting up or reconstruction of an existing business shall not be considered a 'Startup'.
An incubator is a work space created to offer early-stage startups access to all recourses they need under one roof. They provide office space, mentoring, business services, funding, and networking opportunities to the incubate.
