Document

 

Apply under OctaNE

 

ABOUT

OctaNE is an umbrella of 08 nos. of CoE+SIZ in northeast region viz IoT in Agriculture at Guwahati, Animation at Shillong, Emerging Tech-AR/VR at Imphal, IT Applications in Graphic Design at Kohima, Gaming & Entertainment at Aizawl, Data Analytics & AI at Agartala, IT Applications in Healthcare & Agritech at Gangtok and GIS Applications (incl. Drone Technology) at Itanagar.

To create a holistic eco-system for encouraging R&D, innovation, Entrepreneurship in the domain of IT Applications in Graphic Design at Kohima, Gaming & Entertainment at Aizawl, Data Analytics & AI at Agartala, IT Applications in Healthcare & Agritech at Gangtok and GIS Applications (incl. Drone Technology) at Itanagar under phase-IIby providing physical infrastructure and support services for prototyping, developing, testing & marketing through incubating start-ups in these domains. The objectives of opening these CoEs are:

 • To incubate start-ups in new and emerging technologies in the areas of electronics and IT
 • To provide a robust platform for start-ups, with single umbrella support services like mentorship, cloud  computing subsidy, seed capital assistance, marketing support
 • To create employment opportunities in new innovative start-ups
 • To develop a tinkering and innovation culture amongst students and professionals by establishing innovation zones for start-ups.
 • Identification of the core problems of the local industry and finding solutions, and
 • To facilitate E-Commerce activities and applications

Locations: A CoE in IoT in Agriculture at Guwahati, Animation at Shillong, Emerging Tech-AR/VR at Imphal.IT Applications in Graphic Design at Kohima, Gaming & Entertainment at Aizawl, Data Analytics & AI at Agartala, IT Applications in Healthcare &Agritech at Gangtok and GIS Applications (incl. Drone Technology) at Itanagar.

 

WHO CAN APPLY

  • The start-up should be incorporated as a Private Limited Company (as defined in the Companies Act, 2013/1956) or Registered Partnership Firm (Regd. under section 59 of the Partnership Act, 1932) or 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 and already existing business.
Innovative and 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.

FOCUS AREAS

o IoT in Agriculture
o Animation
o Emerging Technologies in AR/VR
o IT Applications in Graphic Design
o Gaming & Entertainment
o Data Analytics & AI
o IT Applications in Healthcare & Agritech
o GIS Applications (incl. Drone Technology)
 

SELECTION PROCESS

The selection criteria of the intending start-ups will be based on a process of screening involving evaluation of ideas, technical strengths commercial fit etc. The competitive events like HACKATHON/ Open Challenge Program will be carried out with support of MeitY Start-Up Hub. STPI shall frame SOP for Hackathon having details regarding selection of location. Selection Criteria for the start-ups, various means of to reach the targeted participants, problem(s) identification etc. in consultation with industry and academia. Subsequently, STPI will bring the outcome of Hackathon for Project Management Committee (PMG) for approval.  

DURATION

OctaNE will induct start-ups through open challenge program wherein, the start-up will be provided support and handholding during the complete lifecycle of incubation in the following three stages:
Stage-I (“Proof of Concept”) - corresponds to the ‘Pre-Incubation’ stage (Ideation and Business Plan)
• This is the Proof of Concept or Pre-Prototyping stage.
• The beneficiary which does not have a POC/Prototype ready shall be incubated in the facility.
• Lateral Entry: The beneficiary which has a POC/Prototype in place (and may have demonstrated the same during Screening), can join Stage-II (“Prototype”) directly.
• The maximum duration of incubation during this stage shall be 6 months.
Stage-II (“Develop”) -mostly part of ‘Pre-incubation’ (technical development & testing)
• This is the Product Development & Testing stage of Prototype.
• The beneficiary MUST be incubated in the facility during this stage.
• The maximum duration of incubation during this stage shall be 12 months.
In specific cases, this maximum duration can be 24 months (for e.g. ESDM/Hardware companies generally require longer time for product development).
• Lateral Entry: The beneficiary which has successfully developed & demonstrated a marketable product can join Stage-III (“Market”) directly.
Stage-III (“Marketing”) - corresponds to ‘Incubation’ part discussed earlier with ‘Graduation’ starting
• This is the commercialization (marketing) and patenting stage.
• The beneficiary may or may not be incubated in the facility during this stage.
• The maximum duration of incubation during this stage shall be 6 months.

OFFERINGS

• Physical infrastructure including 1000-seater state-of-the-art incubation (200-Guwahati, 150-Shillong, 100-Imphal,150-Agartala and 100 at each -Kohima, Aizawl, Gangtok, itanagar)
• E-Commerce Facilitation and Tinkering Lab
• Support for Innovation Zone Activities by Youth & Students (through STPI)
• Mentoring
• Financial Support through seed funding
• Technical Support
• Marketing Support
• IPR/Patenting Facilitation
• Legal, Accounting & other support Service

Marketing, Networking And Outreach
• Beneficiary incubatees of CoE shall be included in marketing knowledge sessions, conducting road shows, networking events, social media outreach.
• International events/programs shall be organized to attract global visibility.
• CoE's end-to-end marketing plans will place your start-up on the global map.
• Partnerships with key international promotional agencies shall be carried out for cross border collaboration.
• 367 start-ups are expected to be benefitted over a period of 5 Years.

INCENTIVES

STPI has signed MoU with M/s. NRDC (National Research and Development Corporation) for filing Intellectual Property Rights such as Patenting (Drafting & Filing), Trademark, Copyright and any other IPR related support/legal/statutory support.

TIMELINE

20th July 2021
Application submission start date
31st August 2021
Application submission end date
11th September 2021
Initial Screening: Elevator pitch via video call
27th September 2021
Announcement of shortlisted applicants
27th October 2021
Final Pitch in front of Panel followed by Result

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


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