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Deepali So this looks like you have created your own module and now want to build a process against it.
As the error says, you need to have set a start status before you start building your process diagram.
Go to the Busines Objects tab (lower middle panel icons) in Process Designer where actions, conditions and statuses are created. On the STATUS. node for your “IntakeResearchManagement” object make sure you have added one status that has its type set to “START”. Also add one or more of type “END” too.
Then you should be able to creating a process that has a valid start status.