• The date of its incorporation/registration is not prior to seven years. In case an entity is engaged in the biotech sector, the date of incorporation/registration should not be prior to ten years
• Its annual turnover does not exceed INR 25 crore, for any preceding financial year
• Such entity is working towards innovation, development, deployment or commercialization of new products, processes or services driven by technology or intellectual property and makes it scalable for achieving commercial success
• It is registered in Meghalaya or employs at least 60 percent of its total qualified workforce from Meghalaya which shall not include contract employees
• Such entity is not an extension of the existing family business, or formed by splitting up or reconstruction of a business already in existence

• 20% of the total procurement by State Government Departments/State PSUs shall be mandatory from Startups
• There would not be any minimum turnover requirement for Startups in participating in public procurement process. Relaxation of condonation of prior turn over and prior experience shall be given subject to meeting of quality and technical specifications
• Exemption to Startups from submission of EMD (Earnest Money Deposit) while participating in Government tenders

Startups shall be exempted from inspections under the following Acts and the Rules framed there under, barring inspections arising out of specific complaints. Startups will be permitted to file self-certifications, in the prescribed formats under various Acts :

• The Industrial Disputes Act, 1947
• The Trade Unions Act, 1926
• The Building and other Constructions Workers (Regulation of Employment and Conditions of Service) Act, 1996
• The Industrial Employment (Standing Orders) Act, 1946
• The Inter-State Migrant Workmen (Regulation of Employment and Conditions of Service) Act, 1979
• The Payment of Gratuity Act, 1972
• The Contract Labour (Regulation and Abolition) Act, 1970
• The Employees’ Provident Funds and Miscellaneous Provisions Act, 1952
• The Employees’ State Insurance Act, 1948