MOTION OCP 4.0
Creation of a holistic eco-system for encouraging R&D, innovation, Entrepreneurship in the Automotive:ACES sector in India by providing physical infrastructure and support services for prototyping, developing, testing & marketing; to incubate start-up units to create innovative solutions to meet the existing and emerging needs of automotive sector; to provide business and technological mentorship & guidance in the domain; to provide networking services linking up with funding sources and other stakeholders (alumni, academic institutions, other incubators, etc.); to enable creation of IPs domestically;
WHO CAN APPLYSTPI MOTION is inviting applications from the Startups working in ACES domain. Company Type 1. The start-up should be incorporated as a- A. Private Limited Company (as defined in the Companies Act, 2013) or B. Registered Partnership Firm (Regd. under section 59 of the Partnership Act, 1932) or C. 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 an already existing business. Innovative & 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. Other Terms & Conditions The charges are Rs. 2500/- + tax per seat per month and start-up shall offer equity to STPI/STPINEXT as decided & agreed upon.
FOCUS AREASStartups having innovative Idea/Product/Solution in following focus area: 1. Autonomous Vehicle 2. Connected Vehicle 3. Electric Vehicle 4. Shared Vehicle Click here for problem statements The focus area is not limited to above problem statements only. Any other product/solution which caters to one or more of the domains is invited.
SELECTION PROCESSScreening, Evaluation & Selection: 1. Designated Committee(s) shall be formed for Screening, Evaluation & Selection. 2. All the applications received shall be subject to a rigorous centralized multi-tier screening process with involvement of appropriate experts from respective domain and/or location as deemed fit. 3. Decision of the designated Committee(s) shall be final & binding on all.
DURATION1. Application submission– Start Date:23rdJune, 2023 2. Application submission– End Date: 31st August, 2023
OFFERINGS1. Physical infrastructure including state-of-the-art Ready-to-Work Plug & Play space 2. Direct mentoring from stalwarts of business/tech domain 3. Financial Assistance 4. High Speed Internet Access 5. Access to VC funding 6. Technical Support 7. Marketing Support 8. IPR Related Support Services 9. Access to 21+ CoE Labs PAN India 10. End-to-end marketing plan to place your start-up on the global map 11. Legal, Accounting, IPR/Patenting Facilitation & other support Service 12. Cross border collaboration via international promotional agency partners 13. Sponsorship to National/International level events to showcase your products for global exposure
INCENTIVESMOTION CoE shall support through initial financial assistance of up to Rs. 2.5 Lakh and guide start-ups for raising funds towards PoC, MVP and Marketing as well as scaling up through grants, equity and debt by leveraging connections with potential customers and CSR/ Corporate sources as well as angels, High Net worth Individuals (HNIs) and VCs as per appropriate size of start-ups.
Application submission start date
Application submission end date
Evaluation,Shortlisting & Selection
Final Pitch in front of Select Committee Panel
Announcement of Result
Note: Dates are subject to change. Kindly check the portal regularly for latest information.