4th Incubation Cohort of AIC STPI Bengaluru

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

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.

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 STPINEXTINITIATIVES incubation policy.

DURATION

• Application Submission Start Date : 17^th July 2023
• Application Submission End Date : 16^th Aug 2023

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)

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Kalpataru is a Centre of Entrepreneurship established under the guidance & tutelage of Software Technology Parks of India (STPI) to promote innovation and entrepreneurship in Industry 4.0. 

Kalpataru fosters the spirit of growth and dynamism to help tech-based innovators establish a solid global standing from start to finish. Right from infrastructure and funding to marketing leading innovations, this CoE aims to create futuristic minds that promote the idea of Make In India.

The Centre of Entrepreneurship offers an ecosystem where ideas can grow and come to life in Industry 4.0. To bring these colossal initiatives to fruition, Kalpataru gives participants access to support from bankers, financial institutions, mentors, investors, and a platform that helps them market their solutions.

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