Noventrix Labs Pvt. Ltd. has recently been incorporated as a new startup entity. The company has not yet applied for recognition from the Department for Promotion of Industry and Internal Trade (DPIIT). In the second boa

The process of recognition of an eligible entity as startup shall be as under: A Startup shall make an online application over the mobile app or portal set up by the DPIIT. The application shall be accompanied by: a copy of Certificate of Incorporation or Registration, as the case may be, and a write-up about the nature of business highlighting how it is working towards innovation, development or improvement of products or processes or services, or its scalability in terms of employment generation or wealth creation. The DPIIT may, after calling for such documents or information and making such enquiries, as it may deem fit: recognise the eligible entity as Startup; or reject the application by providing reasons.