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India: AIC STPI Bengaluru Open Challenge Program-2.0

Deadline: 28-Jan-22

Applications are now open for the Atal Incubation Centre (AIC) STPI Bengaluru Open Challenge Program (OCP)-2.0.

STPI in collaboration with Atal Innovation Mission (AIM), NITI Aayog have started Atal Incubation Centre (AIC) in Bengaluru for innovative start-ups working in specific domains.

AIC STPI Bengaluru is Centre of Entrepreneurship (Incubator) that work to support, promote and grow culture of innovation leading to start-ups & successful entrepreneurs.

Focus Areas
Benefits
  • Complete Incubation support&Co-working space
  • Makerspace (Lab)
  • Mentoring support viz Product/Business devp, HR, Legal, Finance, IPR/Patent& other support services.
  • Access to VCs for funding support.
  • Networking opportunities/Industry connect and Go-to market support for exhibiting/showcasing products/solutions through various National/International events/workshops/exhibitions.
  • Ready to work P&P incubation within the constraint of lockdown & thereafter.
  • Additional facilities and services of the pan-India domain specific CoEs of STPI may be leveraged.
  • Seed funding of upto Rs.10.00 Lakhs may be provided to beneficiary/supported Start-ups based on innovativeness of idea, novelty of solutions, strength of team & soundness of business proposal.
Eligibility Criteria
  • 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)
Phases

IoTOpenLab Selection Process would be organized in three (3) phases.

  • Applications from start-ups are invited through an online contest portal
  • Shortlisting of Ideas, POCs and Solutions having strong potential through initial scrutiny
  • Selection of start-ups for this program through pitch-in session.
Selection Criteria

Selected startups shall comply with the following.

  • This OCP is part COHORT of Business Incubation Program instead of just competition.
  • Selected Start-ups need to operate from AIC STPINEXT INITIATIVES Bengaluru Incubation Facility.
  • All shortlisted applicants will be considered as Incubatee/Startups.
  • Onboarded startups shall agree to share suitable Equity model as per AIC STPINEXTINITIATIVES incubation policy.

For more information, visit AIC.

For more information, visit https://innovate.stpinext.in/about-us/aicstpibengaluru_ocp_2.0