Applications are invited for Motion Open Challenge Program 2023. The last date of registration is 22 July.
Creation of a holistic eco-system for encouraging R&D, innovation, Entrepreneurship in the Automotive: ACES sector in India by providing physical infrastructure and support services for prototyping, developing, testing & marketing; to incubate start-up units to create innovative solutions to meet the existing and emerging needs of automotive sector; to provide business and technological mentorship & guidance in the domain; to provide networking services linking up with funding sources and other stakeholders (alumni, academic institutions, other incubators, etc.); to enable creation of IPs domestically;
STPI MOTION is inviting applications from the Startups working in ACES domain.
Company Type
The start-up should be incorporated as a-
The date of registration/incorporation should not be beyond 10 years.
If a company is not registered, an application may be made in the names of the promoters/founders. However, the promoters/founders must ensure that the company is registered within a period of 3 months from the date of selection for CoE.
Annual Turnover
Start-up should have an annual turnover not exceeding Rs. 100 crore for any of the financial years since its incorporation.
Original Entity
Entity should not have been formed by splitting up or reconstructing an already existing business.
Innovative & Scalable
Entity should be working towards innovation, development or improvement of products, services or processes and should have the potential to generate employment/ create wealth.
Other Terms & Conditions
The charges are Rs. 2500/- + tax per seat per month and start-up shall offer equity to STPI/STPINEXT as decided & agreed upon.
Startups having innovative Idea/Product/Solution in following focus area:
Click here for problem statements
The focus area is not limited to above problem statements only. Any other product/solution which caters to one or more of the domains is invited.
Screening, Evaluation & Selection:
Interested candidates can apply online via this page.
MOTION CoE shall support through initial financial assistance of up to Rs. 2.5 Lakh and guide start-ups for raising funds towards PoC, MVP and Marketing as well as scaling up through grants, equity and debt by leveraging connections with potential customers and CSR/ Corporate sources as well as angels, High Net worth Individuals (HNIs) and VCs as per appropriate size of start-ups.
