FOR REGULAR CATEGORY
- Entity with registered offices in India
- Innovation should be realized in the year 2015 or 2016 or 2017 (it does not matter how many years previous to its realization it was in the making.)
FOR START-UP CATEGORY
Startup means an entity, incorporated or registered in India not prior to five years, with annual turnover not exceeding INR 25 crore in any preceding financial year, working towards innovation, development, deployment or commercialization of new products, processes or services driven by technology or intellectual property. Provided that such entity is not formed by splitting up, or reconstruction, of a business already in existence.