IoT Open Challenge Program (OCP) 6.0

IoT Open Challenge Program (OCP) 6.0

About IoT Open Challenge Program (OCP) 6.0

CoE- STPI IoTOpenLab aims to support & nurture start-ups over a period of 5 years. The initiative is expected to contribute to the Make-in-India, Startup India & Digital India programs of Govt. of India by reducing Electronics imports and recognizing the value of IP & Technology locally.

Software Technology Parks of India (STPI), under the Ministry of Electronics & Information Technology (MeitY), Govt. of India in collaboration with Arrow Electronics has set up Centre of Entrepreneurship “STPI IoTOpenLab” located at Electronics City, Phase-1. Bengaluru to promote startups in the IoT domain. STPI CoE- IoTOpenLab has become Operational since 21st September 2020.

The STPI IoT OpenLab provides four models (Complete Package Model (CP), Associate Membership (AM) Model, Internship Model, and Technology-led Industries Model) to support IoT startups.

WHO CAN APPLY

The STPI IoTOpenLab invites proposals/applications from Indian Start-ups who are working in the IoT domain, and Electronic Hardware Start-ups who would like to use T& M equipment, tools, sample bank of electronics, etc. for more information visit: http://www.iotopenlab.stpi.in.

The start-up must be incorporated as a

• 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)

Terms & Conditions

• Each start-up has to pay one-time Registration Charges of Rs 10,000/-. Selected start-ups under CP Model shall share 3% equity with STPI. Visit: http://www.iotopenlab.stpi.in for more information.

• Each start-up has to book the time slot in advance

• The start-up that wishes to avail of STPI physical incubation space may approach STPI. The allocation, charges, and T&C shall be as per STPI Incubation norms

• Any specific sample /component required by the start-up, which is not in the list of the sample bank of electronics shall be arranged by the start-up themselves.

FOCUS AREAS

Electronic Hardware Startups in the Domain of IoT.

SELECTION PROCESS

IoTOpenLab Selection Process would be organized into three (3) phases.
Phase-1: Applications from start-ups are invited through an online contest portal
Phase-2: Shortlisting of Ideas, POCs, and Solutions having strong potential through initial scrutiny
Phase-3: Selection of start-ups for this program through the pitch-in session.

DURATION

• Application submission– Start Date – 15th May 2023.
• Application submission– End Date – 14th June 2023.

OFFERINGS

• Ready-to-Work Plug & Playspace as per requirement.

• Access to T&M Equipment, Tools, and Sample Bank of Electronics.
• Full-time onsite experienced application engineering team and Technical and Business Mentoring by Chief Mentor.
• Seed support of Rs.2.5Lakhs per start-up is available for the Complete Package Model (CP) company.
• High-Speed Internet Access.
• Mentor Network.
• Market access through the Industry associations like IESA, and TiE.
• Access to Credits from the ECO system partners like Mathworks, AWS, etc.
• Sponsorship to National level events to showcase your products.
• Access to Nationwide STPI CoEs Network.
• Invitations to all Technical Seminars / Workshops
• Access to Funding agencies / VCs.
• Access to Investors / Banks.
• IPR Related Support Services.

Important Timeline

Application submission start date: 15th May 2023
Application submission end date: 14th June 2023
Completion of screening: 22nd June 2023
Pitch-in session: 28th June 2023
Announcement of Shortlisted Applicants: 4th July 2023

Note: Dates are subject to change. Kindly check the portal regularly for the latest information.

“Applicants may directly apply through the link: https://innovate.stpinext.in/about-us/iot_ocp_6.0 “

Last Date : JUN 14, 2023 23:45 PM IST (GMT +5.30 Hrs)

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