The Applicant(s) should have incorporated company in India with a minimum 51% of its equity held by Indian citizens (as defined in the Companies Act, 2013, and suggested to have DPIIT Startup India recognition)
The applicant has to be an Indian citizen with a government approved proof of nationality such as a valid passpordouble-check.gift, voter’s id etc.
The applicant should be at least 18 years of age, as on the date of application.
The startup should not be more than 2 years of existence (counted from date of incorporation). However, for promising startups with technological innovation and scalable business models, relaxation in the age of the company can be given.
The startup should not have secured any grant from a central/state government agency beyond Rs. 10 Lakh
Sector of Startup should fall in any one of the following: