Deadline: 28-Feb-22
The Startup India is pleased to announce a call for applications for the ITC Sustainability Challenge.
The paperboards and specialty papers division of ITC is the market leader in paperboards for mono cartons, papers used for communication and specialty papers for niche applications like décor papers and thin printing.
The division is embarking on an innovative journey of substituting single-use plastic packaging with fibre based solutions. The vibrant Indian start-up ecosystem can be a key partner in the endeavors. This will also augment ITC’s efforts to support and contribute to the start-up ecosystem of the country.
Projects include:
- New substrates with barrier coating while ensuring recyclability/biodegradability
- Systems for effective collection and recycling of postconsumer packages.
Benefits
- Paid Pilot Opportunity
- Funding Opportunity
- Mentorship
- Assistance in Testing & Certification
- Procurement Opportunity
Incentives
- Fiscal Incentives
- Funding Opportunity:
- Looking at selecting 3 start-ups each for challenges 1a, 1b & 2 (provided they meet the criteria).
- ITC to set aside a pool of INR 35 lakhs for paid pilots (all projects combined)
- Procurement Opportunity:
- Project 1a and 1b: Upto INR 20 Lakh each
- Project 2: To be discussed (Linked to benefits not limited to financial benefits)
- Funding Opportunity:
- Non-Fiscal Incentives
- Mentorship:
- Mentorship to be provided by experts for 40 hours (minimum) over a period of 6 months to each qualified startup
- Networking Support: Alternative routes to market with interested distributors
- Assistance in Testing and Certification
- Testing spanning functionality, compliance and special characteristics like recyclability & compostability (for all 3 stages). In-house testing facility includes functional properties like COBB, plybond, tensile strength and stiffness testing for paper and paperboards.
- Mentorship:
Eligibility Criteria
- Relevant credentials pertaining to theme (at least 1 commercial product/solution implemented)
- An effective revenue generation model with suitable IP Rights
- DPIIT recognized startup
For more information, visit https://www.startupindia.gov.in/content/sih/en/ams-application/challenge.html?applicationId=619f6992e4b0cb4c4c10a56b
