Startup Eligibility

Startup Eligibility

Eligibility for a Startup registration

An entity will be considered as a “Startup” under Odisha Startup Policy, if the following conditions are met

The date of incorporation / registration is not prior to five years
Annual turnover not exceeding Rs. 25 crore, for any preceding financial year
Such entity is not an extension of existing family business; or formed by splitting up or reconstruction of a business already in existence

Incorporated in Odisha or employs at-least 50 percent of its total qualified workforce in Odisha
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