Deadline: 17-Apr-22
The Accelerator initiative by the International Centre for Automotive Technology (ICAT), with active support from the Ministry of Heavy Industries (MHI), is a 2-year program focused on Product Development and Commercialization in the automotive domain by the participants.
The key aspect involves innovations, that help develop products by indigenization of technologies and deploy the solution in-focus area, helping in import substitution and self-reliance in the auto and allied sectors.
The participants will need to include a commercialization plan also, either as an organization or in a collaborative manner with partners. Startups, SMEs, and Industry participants are invited to this acceleration program, contributing towards and helping realize the AtmaNirbhar Mission of the Government of India to support and catalyze indigenization in the Indian Automotive industry.
Incentives
- Fiscal Incentives
- 30% discount on testing and validation cost of developed products using ICAT test facilities
- Up to 80% Grant of the total project cost (product development) upon acceptance by MHI.
- Non-Fiscal Incentives
- Mentorship Support
- Support for technology commercialization/transfer of technology
- Industry and Market awareness and exposure
- Support and inputs from experts for product development/improvement
Relevant Stakeholder
- Accelerator
- Incubator
- Investor
- Validation Stage Startup
- Early Traction Startup
- Scaling Stage Startup
- Corporate
Relevant Industry: Automotive
Relevant Service Type
- Government
- Manufacturing
- Consulting
- Engineering
- Research
Eligibility Criteria
- Startups (Technology Readiness Level with Experimental Proof of Concept ready or beyond), SMEs, Industry participants may apply
- Indigenous product development with import substitution achievement.
For more information, visit https://www.startupindia.gov.in/content/sih/en/ams-application/accelerator-program.html?applicationId=621f5a61e4b0e4f8d26c6906
