Online Contest Portal Document

 

AIC STPI BENGALURU 3.0

 

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 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.
OCP3.0 i.e Open Challenge Program nothing but Incubation Cohort to shortlist quality Ideas/Startups in the following domain/focus areas.

 

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
• ELECTRONICS
• ICT
• IoT
• E-Commerce
 

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 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

14th October 2022  to 13th December 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.
(subject to Seed support Investment committee recommendation).

TIMELINE

14th October 2022
Application submission start date
13th December 2022
Application submission end date
22nd April 2024
Announcement of Result

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


ORGANISED BY

STAKEHOLDERS & PARTNERS


For technical queries in filling the application form, please contact at: startup.pmu@stpi.in