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Call for Applications: Open Challenge Program 4.0 (India)

Deadline: 16 August 2023

Applications are now open for the Open Challenge Program 4.0 of AIC STPI Bengaluru.

STPI in collaboration with Atal Innovation Mission (AIM), NITI Aayog have started Atal Incubation Centre in Bengaluru for innovative start-ups working in specific domains. AIC STPI Bengaluru is Centre of Entrepreneurship (Incubator) that work to support, promote and grow culture of innovation leading to start-ups & successful entrepreneurs.

Focus Areas

  • Healthcare
  • Electronics
  • ICT
  • IoT
  • E-Commerce

Offerings

  • Complete Incubation support & Co-working space.
  • Makerspace (Lab).
  • Mentoring support viz Product/Business devp, HR, Legal, Finance, IPR/Patent & other support services.
  • Access to VCs for funding support.
  • Networking opportunities/Industry connect and Go-to market support for exhibiting/showcasing products/solutions through various National/International events/workshops/exhibitions.
  • Ready to work P&P incubation within the constraint of lockdown & thereafter.
  • Additional facilities and services of the pan-India domain specific CoEs of STPI may be leveraged.
  • Suitable Seed funding may be provided to support Eligible Start-ups based on innovativeness of idea, novelty of solutions, strength of team & soundness of business proposal.

Eligibility Criteria

  • Private Limited Company (as defined in the Companies Act, 2013); or
  • Registered Partnership Firm (Regd. under section 59 of the Partnership Act, 1932); or
  • Limited Liability Partnership (under the Liability Partnership Act 2008).

Selection Process

  • Selection Process would be organized in three (3) phases.
    • Phase-1: Applications from start-ups are invited through an online contest portal.
    • Phase-2: Shortlisting of Ideas, POCs and Solutions having strong potential through initial scrutiny.
    • Phase-3: Selection of start-ups for this program through pitch-in session.

Terms & Conditions

  • Selected startups shall comply with the following.
    • This OCP is part Cohort of Business Incubation Program instead of just competition.
    • Selected Start-ups need to operate from Aic Stpinext Initiatives Bengaluru Incubation Facility.
    • All shortlisted applicants will be considered as Incubatee/Startups.
    • Onboarded startups shall agree to share suitable Equity model as per Aic Stpinextinitiatives incubation policy.

For more information, visit STPI.