Apply now for OCP 7.0 by AIC STPI Bengaluru! Free online program open to startups, MSMEs, and innovators. Submit your application by Nov 10!
About
STPI in collaboration with Atal Innovation Mission (AIM), NITI Aayog have started Atal Incubation Centre in Bengaluru for innovative start-ups working in specific domains. AIC STPI Bengaluru is Centre of Entrepreneurship (Incubator) that work to support, promote and grow culture of innovation leading to start-ups & successful entrepreneurs. AIC STPI Bengaluru focus areas are Healthcare, ICT, IoT, Electronics & E-Commerce etc.
OCP 7.0 i.e. Open Challenge Program nothing but Incubation Cohort to shortlist quality Ideas/Startups in the following domain/focus areas.
Focus Sector
- Healthcare
- Electronics
- ICT
- IoT
- E-Commerce
Selection Process
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/ Screening of Ideas, POCs and solution having strong potential through initial scrutiny
Phase-3: Selection of start-ups for this program through pitch-in session.
Offerings
- Complete Incubation support & Co-working space
- Makerspace (Lab)
- Mentoring support viz Product/Business development, HR, Legal, Finance, IPR/Patent & other support services.
- Access to VCs for funding support.
- Networking opportunities/Industry connect and Go-to market support for exhibiting/showcasing products/solutions through various National/International events/workshops/exhibitions.
- Additional facilities and services of the pan-India domain specific CoE’s of STPI may be leveraged.
- Suitable Seed funding may be provided to support Eligible Start-ups based on innovativeness of idea, novelty of solutions, strength of team & soundness of business proposal. (subject to Seed support Investment committee recommendation)
Timeline
- 13th September 2024: Application submission start date
- 10th November 2024: Application submission end date
- 15th November 2024: Evaluation,Shortlisting & Selection
- 22nd November 2024: Final Pitch in front of Select Committee Panel
- 29th November 2024: Announcement of Result
Terms and Conditions
Selected startups shall comply with the following.
- This OCP is part COHORT of Business Incubation Program instead of just competition.
- Selected Start-ups need to operate from AIC STPINEXT INITIATIVES Bengaluru Incubation Facility.
- All shortlisted applicants will be considered as Incubatee/Startups.
- Onboarded startups shall agree to share suitable Equity model as per AIC STPINEXTINITIATIVES incubation policy.
How to Register?
Interested participants can register through this link.
Deadline
The deadline for registration is November 10, 2024.
Click here to view the official notification of Call for Applications for OCP 7.0 by AIC STPI Bengaluru.
