Document

 

AIC STPINEXT INITIATIVES- Open Challenge Program (OCP) 1.0

 

ABOUT

The objective of Open Challenge Program(OCP) 1.0 is to identify, recognize & reward aspiring and early-stage tech entrepreneurs and innovators in the Healthcare domain. This platform facilitates aspiring entrepreneurs and innovators for being successful through the CoE’s facilities, services like strategic networking, seed funding, mentoring, providing support for training, marketing, patenting, and access to the CoE labs, tools, Software and state-of-the-art incubation facility.

 

WHO CAN APPLY

• The challenge invites the proposals/applications from Indian Start-ups who are working in Healthcare domain.
• Start-ups registered with DPIIT under start-up India programme are encouraged to participate in this programme.
• Individual Academicians, Researchers, Educators, Entrepreneurs, partnership firms, LLPs may also participate, however, if they are selected then they will have to register as private limited company in a stipulated time (preferably within 3 months).

PROBLEM STATEMENTS/FOCUS

  • • Portable, Affordable, AI enabled Medtech devices for multi-parameter monitoring.
  • • Medical devices for stroke detection/ Brain computer interface/ mental health/ Neuron Monitoring
  • • Wearable devices for health monitoring

DOMAINS

• Healthcare
• ICT
• IoT
• E-Commerce
 

SELECTION PROCESS

Selection process would be organized in three (3) phases

Phase 1: Application form 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 startups for this program through pitch-in session

Note: Selected startups shall comply with the following.
1. Selected Start-ups have to operate from AIC STPINEXT INITIATIVES Bengaluru Incubation Facility.
2. The monthly rentals / charges as applicable shall be paid to AIC STPINEXT INITIATIVES.
3. To sign an equity share agreement with AIC STPINEXT INITIATIVES.
 

DURATION

• Application submission– Start Date: 9th July 2021
• Application submission– End Date: 8th August 2021
• Evaluation of Application– 27th August 2021
• Announcement of result– 31st August 2021

Note: Changes in dates, if any, shall be made public on all relevant portals and social media channels well in advance.

OFFERINGS

Soft Support
• Mentoring support.
• 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.
• Advisory Services such as HR, Legal, Accounting, IPR/Patenting and other support services.

Physical Incentives
• Ready to work P&P incubation within the constraint of lockdown & thereafter.
• Full-fledged Healthcare lab facility.
• Additional facilities and services of the pan-India domain specific CoEs of STPI may be leveraged.

FINANCIAL INCENTIVES

• Seed funding of upto Rs. 10.00 Lakhs will be provided to each beneficiary/supported Start-ups based on innovativeness of idea, novelty of solutions, strength of team & soundness of business proposal.

TIMELINE

9th July 2021
Application submission start date
8th September 2021
Application submission end date
27th September 2021
Evaluation of Application
30th September 2021
Announcement of result

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


ORGANISED BY

STAKEHOLDERS & PARTNERS

For any techical query, please contact at: ishu.agrawal@stpi.in, startup.pmu@stpi.in