Document

 

AIC STPI BENGALURU OCP-2.0

 

ABOUT

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 Bengaluruis Centre of Entrepreneurship (Incubator) thatwork to support, promote and grow culture of innovation leading to start-ups & successful entrepreneurs. AIC STPI Bengaluru focus areas are Healthcare, ICT, IoT , E-Commerce etc.

 

WHO CAN APPLY

  • 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)

FOCUS AREAS

• Healthcare
• ICT
• IoT
• E-Commerce
 

SELECTION PROCESS

IoTOpenLab 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 of Ideas, POCs and Solutions 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.
1. This OCP is part COHORT of Business Incubation Program instead of just competition.
2. Selected Start-ups need to operate from AIC STPINEXT INITIATIVES Bengaluru Incubation Facility.
3. All shortlisted applicants will be considered as Incubatee/Startups.
4. Onboarded startups shall agree to share suitable Equity model as per AIC STPINEXTINITIATIVES incubation policy.
 

DURATION

30th December 2021 to 29th January 2022

OFFERINGS

• Complete Incubation support&Co-working space
• Makerspace (Lab)
• Mentoring support viz Product/Business devp, 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.
• Ready to work P&P incubation within the constraint of lockdown & thereafter.
• Additional facilities and services of the pan-India domain specific CoEs of STPI may be leveraged.
• Seed funding of upto Rs. 10.00 Lakhs may be provided to beneficiary/supported Start-ups based on innovativeness of idea, novelty of solutions, strength of team & soundness of business proposal.

TIMELINE

30th December 2021
Application submission start date
29th January 2022
Application submission end date
10th February 2022
completion of screening
20th February 2022
Final Pitch in front of Select Committee Panel
28th February 2022
Announcement of Shortlisted Applicants

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