Online applications are invited for the Leap Ahead Startup Summit by STPI. Fund support up to Rs. 1 crore. The last date for the application is December 10, 2023.

About STPI Leap Ahead Summit

STPI, in collaboration with TiE Delhi-NCR and a prestigious group of Investors, is launching LEAP AHEAD (Launchpad for Tech Entrepreneurs towards Accelerated Growth and Pioneering AHEAD) – a pan India initiative to select tech startups for high-quality mentorship, securing investments & establishing global connections. This is a remarkable opportunity for startups to accelerate their growth.

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LEAP AHEAD is designed for Tech Startups with Early Traction and in the Growth stage. If you’re a passionate entrepreneur and innovator and aspiring to scale, this initiative is meant for you.

Key Benefits

  1. A 3-month intensive mentorship in hybrid mode, a blend of virtual and in-person sessions
  2. Opportunity to access vast network and get 1-on-1 mentorship with investors and industry experts
  3. Funding of up to Rs. 1 Cr after grooming & and holding in co-investment model
  4. Networking Opportunity and Global Market Exposure
  5. 1-year Free Associate TiE Delhi-NCR Membership
  6. Incubation in STPI’s Centers in Pan India
  7. Cloud Credits and other benefits from leading third-party service providers

Who Can Apply?

  1. The challenge is open to Indian startups# working in domains related to software product development.
  2. Startups registered with DPIIT under the Startup India program are encouraged to participate.
  3. The startup should be a Private Limited Company.
  4. The startup should be in the scaling stage, growth stage, or planning expansion into new geographical locations or product diversification.
  5. The startup should have generated a revenue of at least Rs. 10 Lakhs with a minimum 1-year audited balance sheet/filed ITR.
  6. The startup should have raised a minimum of Rs. 25 Lakhs from external investors (not applicable in the case of bootstrapped startups).
  7. Startups with the following criteria will be preferred:
    a. Demonstrating traction, preferably between Seed and Series A stages.
    b. Building a scalable product or service with a significant total addressable market and defensible growth model.

At least 51% shareholding with Indian citizen or person of Indian origin. The applicant’s entity should not be a subsidiary company of any foreign corporation.

Important Timelines

  1. Application submission start date: 6th Nov 2023
  2. Application submission end date: 10th Dec 2023
  3. In-Person Pitching at Bhubaneswar, Vijayawada & Chandigarh: 24th Nov to 13th Dec 2023
  4. Online Pitching Dates for Remaining Applicants: 14th & 15th Dec 2023
  5. Commencement of LEAP AHEAD COHORT: 16th Jan 2024

How to Apply?

Interested entrepreneurs can apply directly through this link.

Deadline

The last date for the application is December 10, 2023.

Click here to view the official notification of the Leap Ahead Startup Summit by STPI.

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