Deadline: 30-Sep-21
Open Challenge Program 1.0 is now open to foster agritech startups for augmenting livelihood in India.
Objectives
Creation of a holistic eco-system for encouraging R&D, innovation, Entrepreneurship in the AgriTech domain by providing physical infrastructure and support services for prototyping, developing, testing & marketing;
- to incubate start-up units to create innovative solutions to address the problems of farmers in the region;
- 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 the creation of IPs domestically;
Themes
- Digital Farming
- Crop Protection & Management
- Forecasting using Predictive Analytics
Target Beneficiaries
- 25 start-ups are expected to be benefitted over a period of 3 Years.
Relevant Stakeholders
- Individual
- Ideation Stage Startup
- Validation Stage Startup
- Early Traction Startup
- Scaling Stage Startup
Relevant Industry
- Agriculture
- Green Technology
- Internet Of Things
- Others
Incentives
- Fiscal Incentives
- Financial Support through seed funding
- Access to VC funding
- Non-Fiscal Incentives
- Physical infrastructure including state-of-the-art Ready-to-Work Plug & Play space
- Direct mentoring from stalwarts of business/tech domain
- High Speed Internet Access
- Technical Support
- Marketing Support
- IPR Related Support Services
- Access to 19+ CoE Labs PAN India
- End-to-end marketing plan to place your start-up on the global map
- Legal, Accounting, IPR/Patenting Facilitation & other support Service
- Cross border collaboration via international promotional agency partners
- Sponsorship to National/International level events to showcase your products for global exposure
Eligibility Criteria
The start-up should be incorporated as a 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) 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.
For more information, visit https://www.startupindia.gov.in/content/sih/en/ams-application/challenge.html?applicationId=613afc46e4b0f62f930fc8e8