The government has introduced minor changes to the startup definition, saying a business not older than seven years will now qualify for benefits under the Startup India Action Plan. <br/><br/>So far, only companies up to five years from the date of incorporation were eligible for concessions under the plan announced last year.<br/><br/>As per the new definition, an entity shall be considered as a startup if its turnover is less than Rs 25 crore – which remains unchanged – and has not completed seven years from the date of its incorporation/registration. However, in the case of startups in the biotechnology sector, the period shall be up to 10 years.<br/><br/>To obtain tax benefits, it said, a startup should obtain a certificate of an eligible business from an inter-ministerial board of certification as constituted by the Department of Industrial Policy and Promotion.