Open Challenge Program

OPEN CHALLENGE PROGRAM

Open Challenge Program (OCP) is a platform where a startup gets an opportunity to solve problems through innovative solutions. The objective of an Open Challenge Program(OCP) is to identify, recognize & reward aspiring and early-stage tech entrepreneurs and innovators in the ESDM domain across Pan India. This platform facilitates aspiring entrepreneurs & innovators towards their success through strategic networking, seed funding, mentoring, providing support for training, marketing, patenting, access to the CoE labs, tools, software and state-of-the-art incubation facility.

OBJECTIVES

  1. To create Global Startups in the ESDM sector including cognitive computing & social sensing, nurture start-ups and design entrepreneurs to promote India’s capabilities in ESDM, nurture service / trading MSME to ‘Make in India’, generate IPRs& products.
  2. To support 200 Start-ups / MSME beneficiaries over a period of five years through following programmes:
    • Pre-incubation, Incubation & Virtual Incubation.
    • Acceleration programme for start-ups.
    • Collaborative Programme for start-ups.
    • MSME acceleration and Launchpad programmes.
  3. To establish 10+ Spoke Centres to nurture students & budding entrepreneurs to promote ESDM Innovation
  4. To provide holistic eco system for encouraging R&D, innovation and entrepreneurship in ESDM sector of India. To provide global platforms to start-ups through collaboration with international ecosystem partners.
  5. To bridge the gap between invention and commercialization of products by actively collaborating with MSMEs.
  6. To facilitate focused and short-term problem centric/ programme-based engagements of start-ups with corporate and ecosystem partners.
  7. To create an empanelled group of investors to support ESDM start-ups as a long-term perspective.

PROBLEM STATEMENT

The start-ups having any innovative idea/solution in the domain of Electronics System Design & Manufacturing (ESDM) or Cognitive Computing & Social Sensing are encouraged to apply for EP 2.0 OCP.

  • Medtech
  • Edutech
  • Automotive Electronics
  • Strategic Electronics
  • EV
  • Defence
  • Drone
  • Others

WHO CAN APPLY AND WHAT WE LOOK FOR

ESDM / Corporate / Student in any of following stages

  • Early or Pre revenue startup
  • At prototype stage or to test their prototype
  • Startups who have created breakthrough tech and want to implement it.
  • Startups with extra ordinary idea for consideration under pre-incubation program

Company Type
The start-up should 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 should not be beyond 10 years. If a company is not registered, an application may be made in the names of the promoters/founders. However, the promoters/founders must ensure that the company is registered within a period of 3 months from the date of selection for CoE.

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 should be working towards innovation, development or improvement of products, services or processes and should have the potential to generate employment/ create wealth.


BENEFITS AVAILABLE TO THE STARTUPS

  • Furnished Office Space.
  • Modern state of the art ESDM Laboratories.
  • 3D modelling and 3D printer facility.
  • Access to modern designing software.
  • High Speed Internet Connectivity.
  • Conference facility.
  • Meeting room facility.
  • Prototyping Support.
  • Mentoring Support.
  • Virtual incubation and acceleration support.
  • Legal and accounting services support.
  • Business connects and Product improvement guidance.
  • Access to Industry and Domain experts.
  • Access to various national and international events.
  • IPR filing assistance.
  • Go to Market assistance.
  • Seed fund support.
  • Investment and funding support.
  • CSR funding support.
  • 24x7 power backup.
  • 24x7 security facility with CCTV surveillance.
  • Parking facility.
  • Reception.
  • Waiting Lounge.
  • Pantry.

TIMELINES

DescriptionDate
Start date of submitting applications under OCP 01 15th Oct, 2024
Last date for submitting application forms for OCP 0115th Nov, 2024


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