NextGen Start-up Challenge Contest (India)
CHUNAUTI 9.0 is STPI's startup challenge contest seeking Indian startups in emerging technologies. It offers funding, incubation, and mentoring to drive software product innovation in India.
ABOUT
- Next Generation Incubation Scheme (NGIS): A government program designed to boost India's position in the global software product market.
- CHUNAUTI: A contest within NGIS to find and support startups focused on emerging technologies.
WHO CAN APPLY
- Indian startups working on software product development.
- DPIIT registered startups are preferred.
- Individuals (academics, researchers, etc.) can apply but must form a private limited company if selected.
FOCUS AREAS
- FinTech
- Healthcare & Wellness
- Education & Skill Enhancement
- DeepTech
- E-Commerce
- Enterprise Software (SaaS)
- Environment
- E-governance Solutions
- Tourism & Hospitality
- Agriculture
- Cyber Security
- Assistive Technology for Persons with Disabilities
- Other tech-related solutions
SELECTION PROCESS
- Rigorous, multi-tier screening with domain experts
- Designated committees make final decisions
OFFERINGS
- Financial Incentives
- Up to Rs. 25 Lakhs seed funding for selected startups
- Pre-incubation stipend for ideation stage startups
- Cloud credits
- Physical Incentives
- Plug-and-play office space
- Software product security testing
- Access to STPI Centers of Excellence
- Soft Support
- Mentoring
- VC connections
- Networking and market support
- IPR/Patent assistance
TIMELINE (Subject to change)
- May 1st, 2024: Submissions open
- May 31st, 2024: Submissions close
- June 21st, 2024: Evaluation and selection
- June 24th, 2024: Results announced
STAKEHOLDERS & PARTNERS
- Details about specific stakeholders and partners would likely be found on the program's website
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