AIC STPI Bengaluru OCP 5.0
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.
OCP 5.0 i.e. Open Challenge Program nothing but Incubation Cohort to shortlist quality Ideas/Startups in the following domain/focus areas -
DOMAINS/FOCUS AREA’S
- Healthcare
- ICT
- Electronics
- 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/ Screening of Ideas, POCs and solution 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.
OFFERINGS
• Complete Incubation support & Co-working space• Makerspace (Lab)
• Mentoring support viz Product/Business development, 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 CoE’s of STPI may be leveraged.
• Suitable Seed funding may be provided to support Eligible 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
25th December 2023
Application submission start date
Application submission start date
24th January 2024
Application submission end date
Application submission end date
30th January 2024
Evaluation,Shortlisting & Selection
Evaluation,Shortlisting & Selection
6th February 2024
Final Pitch in front of Select Committee Panel
Final Pitch in front of Select Committee Panel
9th February 2024
Announcement of Result
Announcement of Result
Note: Dates are subject to change. Kindly check the portal regularly for latest information.