Startup Definition (only for the purpose of Government schemes)
Startup means an entity, incorporated or registered in India :
Not prior to five years,With annual turnover not exceeding INR 25 crore in any preceding financial year, and Working towards innovation, development, deployment or commercialization of new products, processes , services driven by technology or intellectual property Provided that such entity is not formed by splitting up, or reconstruction, of a business already in existence. Provided also that an entity shall cease to be a Startup if its turnover for the previous financial years has exceeded INR 25 crore or it has completed 5 years from the date of incorporation/ registration. Provided further that a Startup shall be eligible for tax benefits only after it has obtained certification from the Inter-Ministerial Board, setup for such purpose.