Next Generation Incubation Scheme: CHUNAUTI 7.0

CHUNAUTI 7.0: Empowering women-led startups in India's tech industry with funding, mentoring, and networking opportunities. Foster innovation, diversity, and economic growth.

Mar 14, 2024 - 11:14
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Next Generation Incubation Scheme: CHUNAUTI 7.0

CHUNAUTI 7.0: Empowering Women Entrepreneurs to Co-create India’s Innovation Landscape

ABOUT

  • Next Generation Incubation Scheme (NGIS): STPI’s initiative aimed at driving India's emergence as a Software Product Nation.

  • NextGen Start-up Challenge Contest (CHUNAUTI): Online Challenges under NGIS, promoting innovation and entrepreneurship.

  • Objective: To boost women's presence in the tech industry, fostering innovation, economic prosperity, and gender equality.

  • Initiative: CHUNAUTI 7.0 aims to identify and support women-led startups in innovative technology solutions.

WHO CAN APPLY

  • Eligibility: Indian startups involved in software product development, registered with DPIIT under Startup India.

  • Participants: Academicians, Researchers, Entrepreneurs, etc. Individuals or entities can apply, but entity registration may be required.

  • Ownership: At least 51% shareholding by Indian citizen or person of Indian origin. Not a subsidiary of any foreign corporation.

  • Women-led Startups: Headed by a woman entrepreneur, with a woman as founder or co-founder, or women holding at least 33% of founders' equity.

FOCUS AREAS

  • Innovation Domains: Including but not limited to FinTech, Healthcare & Wellness, Education & Skill Enhancement, DeepTech, E-Commerce, Environment, etc.

SELECTION PROCESS

  • Screening & Evaluation: Rigorous multi-tier process involving domain experts.

  • Designated Committees: Formed for screening, evaluation, and selection.

OFFERINGS

  • GLOBAL CONNECT: Opportunities for global networking.

  • INVESTOR CONNECT: Exclusive access to investors for expansion and growth.

  • FINANCIAL INCENTIVES/FUNDING SUPPORT:

    • Seed funding up to Rs. 25 Lakhs per startup based on innovation, team strength, and business proposal.
    • Pre-incubation program for ideation stage startups, including mentoring and stipend support.
  • PHYSICAL INCENTIVES:

    • Plug-n-Play incubation space with high-speed internet.
    • Software Product Security Testing facility.
    • Leveraging facilities/services of STPI's domain-specific CoEs.
  • SOFT SUPPORT:

    • Mentoring, access to VCs, networking opportunities.
    • Go-to-market support, facilitation for IPR/Patent filing.

TIMELINE

  • 8th March 2024: Application submission start date.
  • 31st March 2024: Application submission end date.
  • 23rd April 2024: Evaluation, Shortlisting & Selection.
  • 24th April 2024: Announcement of Result.

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