Document

 

IoT Open Challenge Program (OCP) 4.0

 

ABOUT

CoE- STPI IoT Open Lab 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 Entreprenurship “STPI IoTOpen Lab”  located at Electronics city, Phase-1 Bengaluru, to promote the startups in IoT domain. STPI CoE- IoTOpenLab has become Operational since 21st September 2020.

The STPI IoT OpenLab provides two models (Complete Package Model (CP) & Associate Membership (AM) Model) to support IoT startups.

 

WHO CAN APPLY

The STPI IoT Open Lab 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 29th January 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.
● Seed support of Rs.2.5Lakhs per start-up is available for the physically incubated company.
● 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 Nationwide STPI CoEs Network.
● Invitations to all Technical Seminars / Workshops
● Access to Funding agencies / VCs.
● Access to Investors / Banks.
● IPR Related Support Services.

TIMELINE

30th December 2021
Application submission start date
29th January 2022
Application submission end date
10th February 2022
completion of screening
20th February 2022
Final Pitch in front of Select Committee Panel
28th February 2022
Announcement of Shortlisted Applicants

Note: Dates are subject to change. Kindly check the portal regularly for latest information.


ORGANISED BY

STAKEHOLDERS & PARTNERS

For any techical query, please contact at: ishu.agrawal@stpi.in, startup.pmu@stpi.in