Startup (DPIIT) Recognition is the process through which a business entity is officially recognized as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT) under the Government of India. This recognition helps startups avail of various benefits, such as tax exemptions, access to government funding, and ease in intellectual property rights registration. The startup must meet specific criteria, including being incorporated as a private limited company, limited liability partnership, or partnership, and having been in business for less than 10 years with an annual turnover of less than ₹100 crore. It can also benefit from a reduction in compliance burdens and greater opportunities for government support and innovation.
