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
- Healthcare
- ICT
- IoT
- E-Commerce
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