AIC OCP 2.0

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 , E-Commerce etc.

OCP2.0 i.e Open Challenge Program is part of Cohort to shortlist quality ideas/startups in the following domain/focus areas –

DOMAINS/FOCUS AREA

1. Healthcare
2. ICT
3. IOT
4. E-Commerce

SELECTION PROCESS

Selection process would be organized in three (3) phases:

Phase 1: Application form 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 startups for this program through pitch-in session.

TERMS & CONDITIONS

Selected startups shall comply with the following.

1. This OCP is part COHORT of Business Incubation Program instead of just competition.
2. Selected Start-ups need to operate from AIC STPINEXT INITIATIVES Bengaluru Incubation Facility.
3. All shortlisted applicants will be considered as Incubatee/ Startups.
4. Onboarded startups shall agree to share suitable Equity model as per AIC STPINEXT INITIATIVES incubation policy.

OFFERINGS

1. Complete Incubation support & Co-working space.
2. Makerspace (Lab).
3. Mentoring support viz Product/Business devp, HR, Legal, Finance, IPR/Patent & other support services.
4. Access to VCs for funding support.
5. Networking opportunities/Industry connect and Go-to market support for exhibiting/showcasing products/solutions through various National/International events/workshops/exhibitions.
6. Ready to work P&P incubation within the constraint of lockdown & thereafter.
7. Additional facilities and services of the pan-India domain specific CoEs of STPI may be leveraged.
8. Seed funding of upto Rs. 10.00 Lakhs may be provided to beneficiary/supported Start-ups based on innovativeness of idea, novelty of solutions, strength of team & soundness of business proposal.

Timeline

Stakeholders & Partners