Age of the entity should not be more than 10 years as of 31 March 2019,
Entities incorporated as either a private limited company or a registered partnership firm or a limited liability partnership with Registrar of Companies
Annual turnover should not have exceeded Rs 100 crore for any of the financial years since incorporation / registration
Entity should not have been formed by splitting up or reconstruction of a business already in existence
It should be working towards innovation, development or improvement of products or processes or services, or if it is a scalable business model with a high potential of employment generation or wealth creation