AIC STPI BENGALURU OPEN CHALLENGE PROGRAM-2.0

AIC STPI BENGALURU OPEN CHALLENGE PROGRAM-2.0

About AIC STPI BENGALURU OPEN CHALLENGE PROGRAM-2.0

STPI in collaboration with Atal Innovation Mission (AIM), NITI Aayog have started Atal Incubation Centre 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. AIC STPI Bengaluru focus areas are Healthcare, ICT, IoT , E-Commerce etc.

OCP2.0 i.e Open Challenge Program is part of Incubation Cohort to shortlist quality Ideas/Startups in the following domain/focus areas –

DOMAINS/FOCUS AREA

• Healthcare
• ICT
• IoT
• E-Commerce

SELECTION PROCESS

Selection process would be organized in three (3) phases:

Phase 1: Application form start-ups are invited through an online contest portal
Phase 2: Shortlisting/ Screening of Ideas, POCs and solution having strong potential through initial scrutiny
Phase 3: Selection of startups for this program through pitch-in session

TERMS & CONDITIONS

Selected startups shall comply with the following.

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

OFFERINGS

• 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.

For more details click on the following link : https://innovate.stpinext.in/about-us/aicstpibengaluru_ocp_2.0

Last Date of submission : 28th February 2022

For more details refer the Official Publisher

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