Applications are invited for IoT Open Challenge OCP 7.0 for StartUps by CoE- STPI IoTOpenLab. The last date of application is 26 September.
About the Challenge
CoE- STPI IoTOpenLab aims to support & nurture start-ups over a period of 5 years. The initiative is expected to contribute to Make-in-India, Startup India& Digital India programmes of Govt. of India by reducing Electronics imports and recognize value of IP & Technology locally.
Software Technology Parks of India (STPI), under Ministry of Electronics & Information Technology (MeitY), Govt. of India in collaboration with Arrow Electronics has setup Centre of Entrepreneurship “STPI IoTOpenLab” located at Electronics city, Phase-1. Bengaluru to promote the startups in IoT domain. STPI CoE- IoTOpenLab has become Operational since 21st September 2020.
The STPI IoTOpenLab provides four models (Complete Package Model (CP), Associate Membership (AM) Model, Internship Model and Technology led Industries Model) to support IoT startups.
Eligibility
The STPI IoTOpenLab invites the proposals/applications from Indian Start-ups who are working in IoT domain, an 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)
Focus Areas
Electronic Hardware Startups in the domain of IoT.
Registration
Interested candidates can apply online via this page.
Selection Process
IoTOpenLab 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.
Offerings
- Ready-to-Work Plug & Play space 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, 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.
