Definition for Startups

Government of Kerala has adopted the definition for Startups from Startup India. “Startup means an entity, incorporated or registered in India:

                        1. Not prior to seven years, however for Biotechnology Startups not prior to ten years,

                        2. With annual turnover not exceeding INR 25 crore in any preceding financial year, and

                        3. Working towards innovation, development or improvement of products or processes or services, or if it is a scalable business model with a high potential of employment generation or wealth creation

    Government order