STPI, MeitY is inviting applications for IoT Open Challenge Program (OCP) 9.0. The last date of registration is March 21.
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 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 the 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: this page. 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 have to pay a time Registration Charge of Rs 10,000/- to get associated with STPI IoT OpenLab under one of the Models (except the Internship Model). Selected start-ups under the CP Model shall share up to 3% equity with STPI. Visit this page for more information.
- Each start-up/Intern has to book the time slot in advance
- The start-up/Intern who wishes to avail 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/Intern, which is not in the list of the sample bank of electronics shall be arranged by the start-up themselves.
Focus Area
Electronic Hardware Startups in the Domain of IoT.
Selection Process
The IoTOpenLab Selection Process will 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.
How to Register?
Interested candidates can apply online via this page.
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 up to Rs.2.5Lakhs per start-up is available for the Complete Package Model (CP) company.
- High-Speed Internet Access.
- Mentor Network.
- Market access through 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.
