Open Program Challenge Incubation Cohort of AIC STPI, Bengaluru [Mentoring + Seed Funding]: Apply by Aug 16

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Applications are open for Open Program Challenge Incubation Cohort of AIC STPI for the year 2023. The last date of application is 16 August.

About

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, Electronics & E-Commerce etc.

Who can apply?

• 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)

Focus Areas

• Healthcare
• ELECTRONICS
• ICT
• IoT
• E-Commerce

Selection Process

Selection Process would be organized in 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 pitch-in session.

OCP4.0 i.e Open Challenge Program nothing but Incubation Cohort to shortlist quality Ideas/Startups in the following domain/focus areas.

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.
• Suitable Seed funding may be provided to support Eligible Start-ups based on innovativeness of idea, novelty of solutions, strength of team & soundness of business proposal. (subject to Seed support Investment committee recommendation).

Application

Interested candidates can apply online via this page.

Important dates

• 17th July 2023: Application submission start date
• 16th August 2023: Application submission end date
• 16th August 2023: Evaluation, Shortlisting & Selection
• 29th August 2023: Final Pitch in front of Select Committee Panel
• 7th September 2023: Announcement of Result

Click here to view the official notification of Open Program Challenge Incubation Cohort of AIC STPI, Bengaluru.

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