- The Start-Up Proposal should be in RITES's Core Area
- RITES will consider Proposals for funding only from those entities that are considered as a Start-Up (as per Department of Industrial Policy & Promotion- DIPP). Presently, these conditions are
- i. Up to seven years (ten years, in case of Start-Ups in Bio-technology Sector) from the date of its incorporation/registration,
- ii. It is working towards Innovation, Development, Deployment or Commercialization of new Products, Processes or Services driven by Technology or Intellectual Property.
- Provided that any such entity formed by splitting up or reconstruction of a business already in existence shall not be considered a 'Start-Up'. A proprietorship or a public limited company is not eligible as Start-Up.
- In addition, the following Eligibility Criteria should also be met: The Start-Up should not have been black-listed by any Government entity or any Incubation Centre. The Promoter(s) shall not have any criminal case pending in any Court of Law in India. A Declaration to this effect shall be required to be submitted in this respect.