The Program

AIC STPI Bengaluru

STPI’s aim to build vibrant pan-India start-up eco-system aSTPI and Atal Innovation Mission (AIM), NITI Aayog are collaborating together to build an AIC STPI Bengaluru in Bengaluru for innovative start-ups working in specific domains.

The AIC aligns with STPI’s well as with shared vision of NITI Aayog to support, promote and grow culture of innovation leading to start-ups & successful entrepreneurs. STPI Bengaluru AIC’s focus area will be IoT and its applications in Health & Pharmaceuticals, E-Commerce, BigData, Artificial Intelligence etc.

The STPI-AIC spread over 10,000 sqft shall be equipped with state-of-the art physical infrastructure, lab, common office facilities along with a dedicated team for conducting hackathons, idea challenges, workshops, trainings, technical & business mentoring sessions, assisting start-ups in the matters of IPR filing, legal, accounting etc. With target to incubate about 65 innovate disruptive technology start-ups over a period of 5 years, the AIC shall be a major contributor in promotion of start-ups & entrepreneurs.

Partners & Stakeholders

Government

Corporate

Maxerience

Academic

What we offerUpstart your startup with STPINEXT

The Atal Incubation Centre of STPINEXT at Bengaluru shall offer single-window comprehensive services to start-ups working in the prescribed domain which may include the following:

LabDomain specific lab, tools & technologies

Infrastructure FacilityPhysical infrastructure in the form of ready to work play & play work space

  • Ready-to-Work Plug & Play space.
  • High Speed Internet Access.
  • Round the clock security and dedicated support team.

MentoringMentoring & Domain expertise

  • Domain mentoring.
  • Technology mentoring.
  • Business mentoring.
  • Support the start-ups for developing Proof of Concept, provide mentoring for designing & development and help start-ups to convert their idea into a reality.
  • Transforming the start-ups from Idea level Prototype level, Prototype level MVP (Minimum Viable Product) level, MVP level Go-To-Market (GTM) level and graduating the start-ups into full-fledged company status.
  • Need-based mentoring sessions on legal, compliance, branding, cyber security, tech etc.

Marketing

  • Effective marketing techniques through knowledge sessions, road shows, networking events, social media etc.
  • International events/programs to attract global visibility.
  • Partnerships with key international promotional agencies for cross border collaboration.

Funding and Investment

  • Support and guide start-ups for raising funds towards PoC, MVP and Marketing as well as scaling up.
  • Grants, equity, equity linked instruments i.e. instruments convertible into equity shares or share warrants,
    preference shares, debentures or a combination thereof.

Additional Services

  • Human Resources (HR)
  • Finance
  • Administration
  • Legal
  • Others
  • STPI has signed MoU with M/s NRDC (National Research and Development Corporation) for filing Intellectual Property Rights such as Patenting (Drafting & Filing), Trademark, Copyright and any other IPR related support/legal/statutory support.

Categories

The applicant start-ups desirous of getting benefits of the services offered by AIC STPINEXT Initiatives’s incubation facility at Bengaluru should be working in the prescribed fields/domains as decided by STPI and/or STPINEXT including but limited to:

 
Healthcare

Health care, health-care, or healthcare is the maintenance or improvement of health via the prevention, diagnosis, and treatment of disease, illness, injury, and other physical and mental impairments in people.

Like in all the other areas today, technology has permeated and become a critical part of effective Healthcare services.

 
E-commerce

E-commerce is the activity of buying or selling of products on online services or over the internet.

Electronic commerce drawns on technologies such as mobile commerce, electronic funds transfer, supply chain management etc.

 
Information and Communications Technology (ICT)

Information and Communications Technology (ICT) is an extensional term for Information Technology (IT) that stresses the role of unified communications and the integration of telecommunications.

 
Internet of Things (IoT)

The internet of things is a system of interconnected and interrelated computing devices, mechanical/digital machine, objects animals or people that uniquely identifiable.

With IoT, the entity is connected to the internet and it can be monitored & controlled remotely.

Mentors

Who can apply

  1.  A registered entity which fulfils the definition of “Start up” of DPIIT reproduced below and as amended from time to time:
    •  Company Type: It should be incorporated as a private limited company or registered as a partnership firm or a limited liability partnership
    •  Annual Turnover: Its turnover should be less than INR 100 Crores in any of the previous financial years
    •  Age: It should NOT be older than 10 years (i.e. incorporated within last 10 years)
    •  Original Entity: It should NOT be an entity formed by splitting up or reconstruction of an existing business 
    •  Innovative & Scalable: It should be working towards innovation/improvement of existing products, services and processes and should have the potential to generate employment/create wealth.
  2.  It should be working in the prescribed fields/domains as decided by STPI and/or STPINEXT including but not limited to Healthcare, E-Commence, ICT & Electronics, IoT.

Other Terms and Conditions

  1. Beneficiary Start-ups have to operate from STPI Bengaluru Incubation Facility.
  2. Beneficiary Start-ups shall offer equity-stake to STPI, STPINEXT and other stakeholders/partners and pay space charges as decided & agreed upon. The decision of STPI shall be final in this regard.