<p>New Delhi: The government is likely to expand the definition of startups to further strengthen the country's ecosystem for budding enterprises, an official said on Wednesday.</p><p>The expanded definition would include deep-tech, cooperatives and allow startups to pivot to deep-tech, the official said.</p><p>The government has taken a series of measures to promote the startup ecosystem in the country to boost innovation.</p><p>At present, over 2 lakh entities are registered as startups by the Commerce and Industry Ministry.</p>.Adani boosts electricity supply to Bangladesh despite souring diplomatic ties.<p>To be recognised as a startup, an entity must be in existence for not more than 10 years from the date of incorporation. It should be incorporated as a private limited company, a registered partnership firm, or a limited liability partnership. The entity's annual turnover should not exceed Rs 100 crore in any financial year since its incorporation.</p><p>Recognised startups are eligible for a number of incentives, such as income tax benefits under the Startup India initiative by the department.</p><p>Measures have also been announced to promote deep-tech startups, which are engaged in deep research work to develop commercial products.</p>
<p>New Delhi: The government is likely to expand the definition of startups to further strengthen the country's ecosystem for budding enterprises, an official said on Wednesday.</p><p>The expanded definition would include deep-tech, cooperatives and allow startups to pivot to deep-tech, the official said.</p><p>The government has taken a series of measures to promote the startup ecosystem in the country to boost innovation.</p><p>At present, over 2 lakh entities are registered as startups by the Commerce and Industry Ministry.</p>.Adani boosts electricity supply to Bangladesh despite souring diplomatic ties.<p>To be recognised as a startup, an entity must be in existence for not more than 10 years from the date of incorporation. It should be incorporated as a private limited company, a registered partnership firm, or a limited liability partnership. The entity's annual turnover should not exceed Rs 100 crore in any financial year since its incorporation.</p><p>Recognised startups are eligible for a number of incentives, such as income tax benefits under the Startup India initiative by the department.</p><p>Measures have also been announced to promote deep-tech startups, which are engaged in deep research work to develop commercial products.</p>