SCO Startup Open Innovation Challenge

Deadline: 31-Jan-22

Applications are now open for the SCO Startup Open Innovation Challenge to enable startups from the SCO Member States to engage with established corporates.

By doing so, the startups and corporates can co-create solutions and solve real-life problems. The startups can apply for the problem statements listed under this challenge and receive various fiscal and non-fiscal incentives.

Themes

• Manufacturing
• Emerging Technologies
• Industry 4.0
• New Materials
• Deep tech
• Clean technology
• Healthcare
• IoT
• Biotechnology

Incentives

• TATA STEEL
  • TATA STEEL will nominate its senior members to mentor startups through the programs
  • TATA STEEL will provide the setup needed to develop the proof of concept for selected startups
  • Selected startups can have access to TATA STEEL R&D Center for prototyping and getting technical mentoring and access to resources
  • Post solution development, the selected startups can have access to TATA STEEL Plat for testing the prototype
• BFW
  • Top 5 startups will be eligible:
    • BFW will be providing free of charge Technical Support & Business mentoring worth $ 3000 for selected startups
    • Startups can use the R&D facility to develop their prototype at no cost.
• CISCO
  • 3-5 relevant startups to be selected
  • Incubation support to be provided to selected startups with right problem-solution fit
  • Technical mentorship will be provided to the startups through the incubation program
  • Selected startups will get an opportunity to co-develop a proof of concept or prototype the solution along with CISCO
• Thermax
  • Up to six months mentorship can be provided to start up with the idea approved by Thermax by guiding the start up from ideation to POC to building a road map on Commercialization.
  • Thermax can invest up to Rs 10 lac in the startup whose idea is approved by Thermax Management based on Thermax criterion’s on investment and which has a clear path for commercialization.
• Mastek
  • The company will provide mentorship support and access to technology support.
  • 6 months of free incubation support to selected 2 startups.
  • Selected startups to get market access through Masteks’ network.

Eligibility Criteria

• Startups across SCO countries can participate which include India, Kazakhstan, China, Kyrgyzstan, Pakistan, Russia, Tajikistan, Uzbekistan.
• Entrepreneurs and startups having a validated proof of concept, prototype to be tested and ready product which can be directly integrated in the corporate, can participate
• Startups with market traction and paying customers can also participate
• Scale-stage startups across the SCO countries can participate.

For more information, visit https://www.startupindia.gov.in/content/sih/en/ams-application/challenge.html?applicationId=61715de2e4b0324c10f30efb