CHUNAUTI 4.0 - STPI CHENNAI
Next Generation Incubation Scheme (NGIS) is STPI’s comprehensive incubation scheme which has a vision to drive the rise of India as a Software Product Nation so as to make India a global player in development, production and supply of Innovative, Efficient and Secure Software Products thus facilitating the growth across the entire spectrum of ICT sector as envisioned in the National Policy on Software Products (NPSP) – 2019.
NextGen Start-up Challenge Contest (CHUNAUTI - Challenge Hunt Under NGIS for Advanced Uninhibited Technology Intervention)is a series of online Challenges under NGIS.
STPI has been strengthening the start-up ecosystem, through policies, initiatives, and creation of 360-degree ecosystem. The current digital era where technology adoption has been high in the urban, educated and high to mid income group population, the rural, less formally educated and low-income group population is still in the digital inaccessibility group. The ecosystem trends also clearly highlight that the sectors contributing significantly towards $1 TN economy focus on the inaccessibility group. It is also seen that physically disabled population also forms a significant share of digital inaccessibility group. The inaccessibility group mostly resides in and around Tier II and III cities therefore the need is for hyper localized digital products/solution. Accordingly, to boost the localized innovations from Tier II & III cities, through CHUNAUTI 4.0 STPI is looking to identify and support promising start-ups working towards Transforming Digital India by developing innovative solutions using emerging technologies in Banking & Financial Sectorwhichhelps start-up to create application for domains such as Agriculture, Education, Healthcare & Wellness,E-Governance Solutions, Tourism & Hospitality, Cyber Security, Supply Chain &Logistics and Environment etc to makefinancial transaction . As in the previous contests, selected start-ups would be given physical infrastructure, funding assistance, access to networks, connects, learning and resources that are needed to build a scalable, profitable and global business.