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Apply under OctaNE (Guwahati - IoT in Agriculture, Shillong - Animation, Imphal - Emerging Tech-AR/VR)

About

OctaNE is a state of art incubation, started with vision to support  and promote innovative start-ups and entrepreneurs in specified  technologies and promote tinkering culture around north east region.

Who can apply:

  • The start-up should be incorporated as a Private Limited Company (as defined in the Companies Act, 2013/1956) 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.
  • If a company is not registered, an application may be made in the names of the promoters/founders. However, the promoters/founders must ensure that the company is registered within a period of 3 months from the date of selection for CoE.

Annual Turnover: Start-up should have an annual turnover not exceeding Rs. 100 crore for any of the financial years since its incorporation.
Original Entity: Entity should not have been formed by splitting up or reconstructing and already existing business.
Innovative and Scalable: Entity should be working towards innovation, development or improvement of products, services or processes and should have the potential to generate employment/ create wealth.

Focus Areas:

  • IoT in Agriculture: Start-ups, professionals and students shall be encouraged to make solutions for IoT-based smart farming, monitoring the crop field with the help of sensors (light, humidity, temperature, soil moisture, etc.) and automating the irrigation system etc.

  • Animation: To encourage local entrepreneurs and talents to work in the area of animation including 3D-digital animation, Visual effects in movies, Visual communication tools & technologies and Animation driven solution for advertising etc.

  • Emerging Technologies in AR/VR: Development of solution based on Virtual Reality & Augmented Reality (AR/VR) emerging technology and its application in the areas of education, tourism, training, gaming and animation etc.

Selection Process:

The selection criteria of the intending start-ups will be based on a process of screening involving evaluation of ideas, technical strengths commercial fit etc. The competitive events like HACKATHON will be carried out with support of MeitY Start-Up Hub. STPI shall frame SOP for Hackathon having details regarding selection of location. Selection Criteria for the start-ups, various means of to reach the targeted participants, problem(s) identification etc. in consultation with industry and academia. Subsequently, STPI will bring the outcome of Hackathon for Project Management Committee (PMG) for approval.

Duration:

OctaNE will induct start-ups through open challenge program wherein, the start-up will be provided support and handholding during the complete lifecycle of incubation in the following three stages:
Stage-I (“Nurture”) - corresponds to the ‘Pre-Incubation’ stage (Ideation and Business Plan)
• This is the Proof of Concept or Pre-Prototyping stage.
• The beneficiary which does not have a POC/Prototype ready shall be incubated in the facility.
• Lateral Entry: The beneficiary which has a POC/Prototype in place (and may have demonstrated the same during Screening), can join Stage-II (“Develop”) directly.
• The maximum duration of incubation during this stage shall be 6 months.
Stage-II (“Develop”) -mostly part of ‘Pre-incubation’ (technical development & testing)
• This is the Product Development & Testing stage of Prototype.
• The beneficiary MUST be incubated in the facility during this stage.
• The maximum duration of incubation during this stage shall be 12 months.
In specific cases, this maximum duration can be 24 months (for e.g. ESDM/Hardware companies generally require longer time for product development).
• Lateral Entry: The beneficiary which has successfully developed & demonstrated a marketable product can join Stage-III (“Market”) directly.
Stage-III (“Market”) - corresponds to ‘Incubation’ part discussed earlier with ‘Graduation’ starting
• This is the commercialization (marketing) and patenting stage.
• The beneficiary may or may not be incubated in the facility during this stage.
• The maximum duration of incubation during this stage shall be 6 months.

Offerings:

• Physical infrastructure including 450-seater state-of-the-art incubation (200- Guwahati, 150-Shillong and Imphal-100)
• E-Commerce Facilitation and Tinkering Lab in each of the three centres
• Support for Innovation Zone Activities by Youth & Students (through STPI)
• Mentoring
• Financial Support through seed funding
• Technical Support
• Marketing Support
• IPR/Patenting Facilitation
• Legal, Accounting & other support Service

Marketing, Networking And Outreach
• Beneficiary incubatees of CoE shall be included in marketing knowledge sessions, conducting road shows, networking events, social media outreach.
• International events/programs shall be organized to attract 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.

Incentives:

STPI has signed MoU with M/s. NRDC (National Research and Development Corporation) for filing Intellectual Property Rights such as Patenting (Drafting & Filing), Trademark, Copyright and any other IPR related support/legal/statutory support.

Timeline

10th August 2020
Application submission start date
31st August 2020
Application submission end date
5th September 2020
Initial Screening: Elevator pitch via video call
10th September 2020
Announcement of Shortlisted Applicants
15th September 2020
Five days Online Open Challenge Program
25th September 2020
Final Pitch in front of Panel

Note: Dates are subject to change. Kindly check the portal regularly for latest information.

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