december, 2021
2021thu30decAll Daymon28febIoT Open Challenge Program (OCP) 4.0(All Day)
Event Details
About CoE- STPI IoTOpenLab aims to support & nurture around 500 start-ups over a period of 5 years. The initiative is expected to contribute to
Event Details
About
CoE- STPI IoTOpenLab aims to support & nurture around 500 start-ups over a period of 5 years. The initiative is expected to contribute to Make-in-India & Digital India programmes of Govt. of India by reducing Electronics imports and recognize value of IP & Technology locally.
Software Technology Parks of India (STPI), under Ministry of Electronics & Information Technology (MeitY), Govt. of India in collaboration with Arrow Electronics has setup Centre of Entrepreneurship “STPI IoTOpenLab” located at Electronics city, Phase-1. Bengaluru to promote the startups in IoT domain. STPI CoE- IoTOpenLab has become Operational since 21st September 2020.
WHO CAN APPLY
The STPI IoTOpenLab invites the proposals/applications from 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)
The date of registration/incorporation must not be beyond 10 years.
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.
TERMS & CONDITIONS
- Each start-up have to pay one time Registration Charges of Rs 10,000.
Visit: http://www.iotopenlab.stpi.in for more information. - Each start-up have to book the time slot in advance.
- The start-up who wish to avail 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 start-up, which is not in the list of the sample bank of electronics shall be arranged by start-up themselves.
FOCUS AREAS
Electronic Hardware Startups in the domain of IoT.
SELECTION PROCESS
IoTOpenLab 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 of Ideas, POCs and Solutions having strong potential through initial scrutiny
Phase-3: Selection of start-ups for this program through pitch-in session.
DURATION
Application Submission Start Date: 30th December 2021.
Application Submission End Date: 28th February 2022.
OFFERINGS
- Ready-to-Work Plug & Play space as per requirement.
- Access to T&M Equipment, Tools and Sample Bank of Electronics.
- Full-time onsite experienced application engineering team and Technical and Business Mentoring by Chief Mentor.
- High Speed Internet Access.
- Mentor Network.
- Market access through the Industry associations like IESA, TiE.
- Access to Credits from the ECO system partners like Mathworks, AWS, etc.
- Sponsorship to National level events to showcase your products.
- Access to Nation wide STPI CoEs Network.
- Invitations to all Technical Seminars / Workshops
- Access to Funding agencies / VCs.
- Access to Investors / Banks.
- IPR Related Support Services.
Timeline
Organized By
Stakeholders & Partners
Time
December 30 (Thursday) - February 28 (Monday)
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