CFAs: OctaNE Open Challenge Program for Data Analytics and AI – India

This initiative aims to recognize, support, and accelerate early-stage tech entrepreneurs by providing strategic networking, seed funding, mentorship, training, marketing assistance, patent facilitation, and access to state-of-the-art incubation facilities and tools.

Objectives

• The primary objectives of the Data Analytics & AI CoE are:
  • To incubate startups focusing on IT/ITES solutions in the Data Analytics & AI sector
  • To  create a strong ecosystem that supports Data Analytics & AI startups with mentorship, funding, and technical support.
  • To develop innovative solutions that address core Data Analytics & AI challenges in the region.
  • To enhance productivity and efficiency in agriculture through smart Data Analytics & AI applications.
  • To foster a culture of innovation and technology adoption among students and professionals in the Data Analytics & AI domain.

Benefits

• Selected startups will benefit from:
  • Incubation Space: A dedicated facility in Agartala with cutting-edge infrastructure.
  • Technical  & Financial Support: Access to Data Analytics & AI tools, seed funding, and financial assistance.
  • Mentoring & Training: Guidance from industry experts and domain-specific training programs.
  • Market & Business Support: Assistance in marketing, networking, and business development.
  • IPR &Legal Assistance: Support in patenting, intellectual property rights, and legal matters.

Target Beneficiaries 

• Over a period of five years, the program aims to support 367 startups, with a significant number focusing on Data Analytics & AI.

Eligibility Criteria

• Eligible applicants must meet the following criteria:
  • Be incorporated as a Private Limited Company (as per the Companies Act, 2013), a Registered Partnership Firm (under the Partnership Act, 1932), or a Limited Liability Partnership (under the LLP Act, 2008).
  • Have been registered/incorporated within the last 10 years.
  • If not yet registered, applicants must ensure company registration within three months of selection.
  • Have an annual turnover not exceeding Rs. 100 crore in any financial year since incorporation.
  • Should not have been formed by splitting or restructuring an existing business.
  • Must be working towards innovation, development, or improvement of AI & Data analytics products, services, or processes with the potential to create employment and generate wealth.

For more information, visit STPI.