Submissions are invited for Idea Challenge Programme 4.0 for StartUps for the year 2023. The last date of submission is 25 September.
Apiary – Centre of Entrepreneurship in Blockchain Technology is a Blockchain focused Technology & Business Incubator (TBI) located at STPI, Gurugram. Apiary CoE has a mandate to onboard 100 start-ups over 5 years. Software Technology Parks of India (STPI) is an autonomous body under the Ministry of Electronics & Information technology (MeitY).
The objective of this Challenge is to identify & support potential cutting-edge IT entrepreneurs especially in the field of Blockchain and significantly contribute towards product development, job creation and enhance economic health of the region.
The theme for the ICP 4.0 is “BUSINESS TRANSFORMATION THRU EMERGING TECHNOLOGIES”.
Technology Domain:
The challenge invites the proposals/applications from Indian Start-ups& Entrepreneurs who are working in Blockchain domain.
Company Type:
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).
DPIIT Registration:
Start-ups registered with DPIIT under start-up India programme are encouraged to participate in this programme. This is not a mandatory requirement for applying. However, start-ups must confirm to the definition of Start-ups prescribed by DPIIT.
Company Registration:
The start-up must be registered/incorporated within last 10 years as on date of opening of challenge. Individual Academicians, Researchers, Educators, Entrepreneurs, partnership firms, LLPs may also participate. However, if they are selected then they will have to register as private limited company in a stipulated time (preferably within 3 months).
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 working towards innovation, development or improvement of products, processes or services or if it is a scalable business model with high potential of employment generation or wealth creation.
Haryana Registered Start-ups:
Start-ups from Haryana State are encouraged to participate in this program.
Applicants may directly apply through this link.
