The STPI, under the Ministry of Electronics & Information Technology, Govt. of India, invites registrations for IoT Open Challenge Program 6.0. The last date to register is June 14, 2023.

About STPI

CoE- STPI IoTOpenLab aims to support & nurture start-ups over 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 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: 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)

Terms and Conditions

  • Each start-up has to pay one-time Registration Charges of Rs 10,000/-. Selected start-ups under CP Model shall share 3% equity with STPI. Visit the STPI website for more information.
  • Each start-up has to book the time slot in advance
  • The start-up that wishes to avail of 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, which is not in the list of the sample bank of electronics shall be arranged by the start-up itself.

Focus Areas

Electronic Hardware Startups in the Domain of IoT.

Selection Process

IoTOpenLab Selection Process would be organized into 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 the pitch-in session.

Offerings

  • Ready-to-Work Plug & Playspace as per requirement.
  • Access to T&M Equipment, Tools, and Sample Bank of Electronics.
  • The 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, 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.

Important Dates

  1. Application submission start date: May 15, 2023
  2. Application submission end date: June 14, 2023
  3. Completion of screening: June 22, 2023
  4. Pitch-in session: June 28, 2023
  5. Announcement of Shortlisted Applicants: July 4, 2023

How to Apply?

Interested Entrepreneurs can apply through this link.

Duration

  • Application submission– Start Date – May 15, 2023.
  • Application submission– End Date – June 14, 2023.

Click here to view the official notification of IoT Open Challenge Program 6.0 for StartUps by STPI