G20 to adopt framework to define startup

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The G20 is set to adopt a framework to define start-ups on the basis of five components namely legal entity type, age, size, scalability and innovation, at the Startup20 summit meeting in Gurgaon on July 3-4. 

Current Definition of Startup:

Your company must meet the following criteria to be considered eligible for DPIIT startup recognition.

1. Company Age

Period of existence and operations should not be exceeding 10 years from the Date of Incorporation

2. Company Type

Incorporated as a Private Limited Company, a Registered Partnership Firm or a Limited Liability Partnership

3. Annual Turnover

Should have an annual turnover not exceeding Rs. 100 crore for any of the financial years since its Incorporation

4. Original Entity

Entity should not have been formed by splitting up or reconstructing an already existing business

5. Innovative & Scalable

Should work towards development or improvement of a product, process or service and/or have scalable business model with high potential for creation of wealth & employment


Business Line, Startup India

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