An entity will be considered as a “Startup” under Odisha Startup Policy, if the following conditions are met
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The date of incorporation / registration is not prior to Seven years.(In case of Biotechnology Startups incorporation/registration should not be prior to 10 years.)
![](https://startupodisha.gov.in/wp-content/uploads/2021/05/turnover.png)
Annual turnover not exceeding Rs. 25 crore, for any preceding financial year
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Such entity is not an extension of existing family business; or formed by splitting up or reconstruction of a business already in existence
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Incorporated in Odisha or employs at-least 50 percent of its total qualified workforce in Odisha
![](https://startupodisha.gov.in/wp-content/uploads/2021/05/think.png)
Such entity is working towards innovation, development, deployment or commercialization of new products, processes or services driven by technology or intellectual property and makes it scalable for achieving commercial success
![](https://startupodisha.gov.in/wp-content/uploads/2021/05/legal.png)
Such entity must have incorporated as Private Limited or Limited Liability Company or Registered Partnership or One Person Company (OPC)
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