Q.What is a start-up?

Not every new business qualifies as a start-up in the sense used by government policy.

A start-up is a young enterprise, typically incorporated within a specified number of recent years, that is built around an innovative product, process, or business model with a genuinely scalable growth potential -- it is not simply any newly opened business.

In India, an entity is formally recognised as a start-up by the Department for Promotion of Industry and Internal Trade (DPIIT) only if it meets specific conditions on legal form, age since incorporation, turnover, and genuine innovation/scalability, and is not formed m …

A common error is treating "start-up" and "new business" as synonyms -- a newly opened shop copying an existing business model is a new business but not, in the …