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 Seven years.(In case of Biotechnology Startups incorporation/registration should not be prior to 10 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

Such entity must have incorporated as Private Limited or Limited Liability Company or Registered Partnership or One Person Company (OPC)