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Electropreneur Park CoE 2.0: Open Challenge Program 1.0 (India)

Deadline: 15 November 2024

Applications are being accepted for the Electropreneur Park CoE 2.0: Open Challenge Program 1.0.

Focus Area

  • The start-ups having any innovative idea/solution in the domain of Electronics System Design & Manufacturing (ESDM) or Cognitive Computing & Social Sensing are encouraged to can apply for EP 2.0 OCP .

Benefits

  • Physical Lab Facilities: Furnished Office Space, Modern State of the Art ESDM Laboratories, 3D Modelling and 3D Printer Facility, Access to Modern Designing Software, High-Speed Internet Connectivity, Conference Facility, Meeting Room Facility, Prototyping Support, Mentoring Support, Virtual Incubation and Acceleration Support, Legal and Accounting Services Support, Business Connects and Product Improvement Guidance, Access to Experts and Faculty of IIIT Delhi, Access to Various National and International Events, Patent Filing Assistance, Go-to-Market Assistance, Seed Fund Support, Investment and Funding Support, CSR Funding Support, 24×7 Power Backup, 24×7 Security Facility with CCTV Surveillance, Ample Parking Space, Reception, Waiting Lounge, Pantry.
  • Incubation and Co-Working Facilities
    • CoE shall monitor and guide start-ups through dedicated portfolio managers and start-up support executives.
    • CoE shall review and monitor the progress/performance of start-ups periodically and take necessary action as and when required in coordination with PMG.
  • Technology and Business Mentoring
    • Mentors shall identify specific needs at specific time like prototyping/design vendors, small – scale manufacturing vendors, large – scale manufacturing vendors ect. and makes best efforts to connect the start-ups with such ecosystem players.
    • Full-time resource presence and organising peer meetings with mentors at regular intervals.
    • Platform for accessing the mentor through an online portal.
    • Train/educate start-ups in the fields of research, user experience and business technology courses with cutting edge programming and deep-tech applications.
    • Support the start-ups for developing Proof of Concept, provide mentoring for designing & development and help start-ups to convert their idea into a reality.
    • Transforming the start-ups from idea level to Prototype level, Prototype level to MVP (Minimum Viable Product) level, MVP level to GTM (GoToMarket) level and graduating the start-ups into full-fledged company status.
    • Providing a multidisciplinary approach in developing innovative products based on identified business challenges.
    • Support for developing, enhancing and piloting start-ups prototype and business model in a collaborative environment.
    • Conducting need-based mentoring sessions on legal, compliance, branding, cyber security, domain technologies etc.
  • Marketing, Networking and Outreach
    • Beneficiary incubatees shall be included in marketing knowledge sessions, conducting roadshows,networking events, social media outreach.
    • Participation in International events/programs shall be facilitated to enhance global visibility.
    • CoE’s end-to-end marketing plans will place your start-up on the global map.
    • Partnerships with key international promotional agencies shall be carried out for cross border collaboration.
  • Access to Funding and Investment
    • CoE shall support and guide start-ups for raising funds towards PoC, MVP and Marketing as well as scaling up through grants, equity and debt by leveraging connections with potential customers and CSR/Corporate sources as well as angels, High Net worth Individuals (HNIs) and VCs as per appropriate size of start-ups.
  • IPR related support services
    • EP 2.0 shall provide support to start-ups for filing Intellectual Property Rights such as Patenting (Drafting & Filing), Trademark, Copyright etc.

Eligibility Criteria

  • The start-up should be incorporated as a:
    • 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)
    • The date of registration/incorporation should not be beyond 10 years.

Selection Criteria 

  • Pre-Screening, Screening & Onboarding
  • Startup Selection & Evaluation Committee for Screening, Evaluation & Selection/Onboarding.
  • All the applications received shall be subject to a rigorous centralized multi-tier screening process with involvement of appropriate experts from respective domain.
  • Decision of the Selection & Evaluation Committee shall be final & binding on all.

For more information, visit STPI.