The start-up must be registered/incorporated within last 10 years as on date of opening of challenge.
Start-up should have an annual turnover not exceeding Rs. 100 crore for any of the financial years since its incorporation.
Entity should not have been formed by splitting up or reconstructing an already existing business.
Entity working towards innovation, development or improvement of products, processes or services or if it is a scalable business model with high potential of employment generation or wealth creation.