Notify the "Definition of Startup and procedure for recognition"

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....-The Government of India has announced 'Startup India' initiative for creating a conducive environment for startups in India. The various Ministries of the Government of India have initiated a number of activities for the purpose. To bring uniformity in the identified enterprises, an entity shall be considered as a 'startup'- a) Up to five years from the date of its incorporation/registra....

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....hnology, and c) Representative of Department of Biotechnology. Explanation: 1. An entity shall cease to be a startup on completion of five years from the date of its incorporation/registration or if its turnover for any previous year exceeds Rupees 25 crore. 2. Entity means a private limited company (as defined in the Companies Act, 2013), or a registered partnership ....

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.... b. undifferentiated products or services or processes, or c. products or services or processes with no or limited incremental value for customers or workflow would not be covered under this definition. 5. The process of recognition as a 'startup' shall be through mobile app/portal of the Department of Industrial Policy and Promotion. Startups will be required to submit a sim....

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....Accelerator/Angel Network duly registered with Securities and Exchange Board of India that endorses innovative nature of the business. Department of Industrial Policy and Promotion may include any such fund in a negative list for such reasons as it may deem fit; or e) a letter of funding by Government of India or any State Government as part of any specified scheme to promote innovation; ....