tartups that are building innovative products/solutions, scalable enterprises, with high potential of employment generation or wealth creation, demonstrating measurable social impact. The measure of success will not only be the financial gains for the investors but also the contribution to the social good.
A cash prize of INR 5 lakh shall be awarded to one winning Startup in each of the subsectors - Agriculture, Animal husbandry, Drinking water, Education & skill development, Enery, Enterprise systems, Environment, Fintech, Food processing, Health and wellness, Industry 4.0, Security, Space, Transport, Travel.
The Winners and Runners up shall be given priority for participation in various National and International Startup events sponsored by DPIIT.
The Eligibility Criteria for Startups is as follows: STARTUPS
The entity should be a DPIIT-recognized startup. The entity must submit their certificate of incorporation or partnership deed
The entity must have hardware or software product or a process solution that is present in the market
The entity must have all applicable trade trade-specific registrations (example: CE, FSSAI, MSME, GST Registration, etc.)
There should not have been any default in the last three years (FY17-18, 18-19, 19-20) by the entity or any of its promoters or any of their group entities
The entity must submit Audited Financial Statements (Balance Sheet, Profit & Loss Account) for the last three financial years (FY 2017-18, 18-19, 19-20). In case of unavailability of audited financial statements for FY 2019-20, entity may submit provisional financial statement for FY 2019-20 issued by a chartered accountant
Here is the snapshot of Indian startups: