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India: Apiary Idea Challenge Programme- 3.0

Deadline: 15-Aug-22

Applications are now open for the Apiary Idea Challenge Programme – 3.0 to support Start-ups& Entrepreneurs who are working in Blockchain domain.

Apiary – Centre of Entrepreneurship in Blockchain Technology is a Technology Business Incubator located at STPI, Gurugram. Apiary CoE has a mandate to onboard 100 start-ups over 5 years

Entity is working towards innovation, development, or improvement of products, processes or services or services or if it is a scalable business model with high potential for job creation or wealth creation.

Objectives

To identify & support potential cutting-edge IT entrepreneurs especially in the field of Blockchain and significantly contribute towards product development, job creation and enhance economic health of the region.

Theme

The theme for the ICP 3.0 is “BUSINESS TRANSFORMATION THRU WEB 3.0”.

Incentives
  • Fiscal Incentives
    • Prize Money to the tune of Rs. 2,00,000/- for the ‘Best 3 Start-ups of the ICP 3.0’, selected & onboarded to Apiary CoE through ICP 3.0
  • Non-Fiscal Incentives
    • Offering
      • Apiary Selected Start-ups will get access to pitch to STPI’s Investors’ Partners Network to raise Seed / Angel & VC funding
      • State of Art Plug & Play Office Space at STPI, Gurugram
      • Opportunities to participate in various Governments’ Programme & Digitization Initiatives
      • Opportunities to work with various Governments’ problem statements
      • Opportunities to work with various Industries’ problem statements
      • Structured Training & Mentoring by Industry Expert / Domain Mentors
      • Access to IBM, Intel & Amazon Blockchain Platform
      • Secretarial Support for Company Formation, IPR Filings & Regulatory Compliances
Eligibility Criteria
  • Technology Domain:
    • The challenge invites the proposals/applications from Indian Start-ups& Entrepreneurs who are working in Blockchain domain.
  • Company Type:
    • The start-up should be incorporated as a
    • Private Limited Company (as defined in the Companies Act, 2013) or
    • Registered partnership firm (registered under section 59 of the Partnership Act, 1932) or
    • Limited Liability Partnership (under the Liability Partnership Act 2008).
  • DPIIT Registration
    • Start-ups registered with DPIIT under start-up India programme are encouraged to participate in this programme. This is not a mandatory requirement for applying. However, start-ups must confirm to the definition of Start-ups prescribed by DPIIT.
  • Company Registration
    • The start-up must be registered/incorporated within last 10 years as on date of opening of challenge. Individual Academicians, Researchers, Educators, Entrepreneurs, partnership firms, LLPs may also participate. However, if they are selected then they will have to register as private limited company in a stipulated time (preferably within 3 months).
  • Gross sales
    • The annual turnover of the startup should not exceed ₹ 100 crore in any financial year from the inception of the startup.
  • Parent body
    • The entity must not have been created by splitting up or reorganizing an already existing business.
  • Haryana Registered Start-ups:
    • Start-ups from Haryana State are encouraged to participate in this program

For more information, visit https://www.startupindia.gov.in/content/sih/en/ams-application/challenge.html?applicationId=60cb3212e4b0c2645185abd1