Deadline: 15 December 2024
STPI in collaboration with Atal Innovation Mission (AIM), NITI Aayog have lunched a call for applications under Incubation Cohort for its OCP 7.0 i.e. Open Challenge Program for startups/MSME/Innovators.
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. AIC STPI Bengaluru focus areas are Healthcare, ICT, IoT, Electronics & E-Commerce etc.
OCP 7.0 i.e. Open Challenge Program nothing but Incubation Cohort to shortlist quality Ideas/Startups in the following domain/focus areas.
Focus Areas
- Healthcare
- Electronics
- ICT
- IoT
- E-Commerce.
Benefits
- Seed funding up to Rs 10 Lakh.
- Complete Incubation support & Co-working space
- Makerspace (Lab)
- Mentoring support viz Product/Business development, 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.
- Additional facilities and services of the pan-India domain specific CoE’s 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. (subject to Seed support Investment committee recommendation).
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/ Screening of Ideas, POCs and solution 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.
- Selected startups shall comply with the following.
For more information, visit SAYUJ.