IoT Open Challenge Program (OCP) 4.0

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

1. Private Limited Company (as defined in the Companies Act, 2013) or
2. Registered Partnership Firm (Regd. under section 59 of the Partnership Act, 1932) or
3. 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

1. Each start-up have to pay one time Registration Charges of Rs 10,000.
   Visit: http://www.iotopenlab.stpi.in for more information.
2. Each start-up have to book the time slot in advance.
3. 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.
4. 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

1. Ready-to-Work Plug & Play space as per requirement.
2. Access to T&M Equipment, Tools and Sample Bank of Electronics.
3. Full-time onsite experienced application engineering team and Technical and Business Mentoring by Chief Mentor.
4. High Speed Internet Access.
5. Mentor Network.
6. Market access through the Industry associations like IESA, TiE.
7. Access to Credits from the ECO system partners like Mathworks, AWS, etc.
8. Sponsorship to National level events to showcase your products.
9. Access to Nation wide STPI CoEs Network.
10. Invitations to all Technical Seminars / Workshops
11. Access to Funding agencies / VCs.
12. Access to Investors / Banks.
13. IPR Related Support Services.

Timeline

Stakeholders & Partners