Apiary IDEA CHALLENGE PROGRAMME - 4.0

ABOUT

Apiary – Centre of Entrepreneurship in Blockchain Technology is a Blockchain focused Technology & Business Incubator (TBI) located at STPI, Gurugram. Apiary CoE has a mandate to onboard 100 start-ups over 5 years. Software Technology Parks of India (STPI) is an autonomous body under the Ministry of Electronics & Information technology (MeitY).

• Objectives: To identify & support potential cutting-edge IT entrepreneurs especially in the field of Blockchain and significantly contribute towards product development, job creation and enhance economic health of the region.

• Theme: The theme for the ICP 4.0 is “BUSINESS TRANSFORMATION THRU EMERGING TECHNOLOGIES”.

• Location: The Apiary CoE is located in Gurugram, Haryana at C/o STPI, Plot No. 30, Electronic City, Phase IV,Udyog Vihar, Sector-18, Gurugram, Haryana (INDIA) – 122015

• Target Beneficiaries: Apiary CoE has a mandate to onboard 100 Start-ups over 5 years.

• Chief Mentor: Sh. Pankaj Thakar, Co-founder, PadUp Ventures Private Limited

WHO CAN APPLY

Technology Domain:
The challenge invites the proposals/applications from Indian Start-ups& Entrepreneurs who are working in Blockchain domain.

Company Type:
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).

DPIIT Registration:
Start-ups registered with DPIIT under start-up India programme are encouraged to participate in this programme. This is not a mandatory requirement for applying. However, start-ups must confirm to the definition of Start-ups prescribed by DPIIT.

Company Registration:
The start-up must be registered/incorporated within last 10 years as on date of opening of challenge. Individual Academicians, Researchers, Educators, Entrepreneurs, partnership firms, LLPs may also participate. However, if they are selected then they will have to register as private limited company in a stipulated time (preferably within 3 months).

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.

Haryana Registered Start-ups:
Start-ups from Haryana State are encouraged to participate in this program

FOCUS AREAS

• AI, ML, IoT, Data Analytics startups have potential use of Blockchain
• Capital Markets & Financial Services
• Global Trade & Commerce
• Digital Identity
• E-Governance
• Agriculture
• Industrial IoT
• Supply chain Management
• Energy & Sustainability
• Healthcare & Lifesciences
• Insurance, Law, Media & Entertainment
• CBDC & Cryptocurrency
• Gaming & E-Sports

SELECTION PROCESS

Apiary CoE Selection Process would be organized in three (3) phases: -

• Phase-1: Applications from start-ups are invited through an online contest portal
• Phase-2: Short listing of Ideas, POCs and Solutions having strong potential through initial scrutiny
• Phase-3: Selection of start-ups for this program through pitch-in session.

The final set of companies shall present their business plan to the Start-up Evaluation & Selection Committee.  

DURATION

• Application Submission Start Date : 17^th July 2023
• Application Submission End Date : 31^st Aug 2023

OFFERINGS

• Apiary Selected Start-ups will get access to pitch to STPI’s Investors’ Partners Network to raise Seed / Angel & VC funding
• State of Art Plug & Play Office Space at STPI, Gurugram
• Opportunities to participate in various Governments’ Program & Digitization Initiatives
• Opportunities to work with various Governments’ problem statements
• Opportunities to work with various Industries’ problem statements
• Structured Training & Mentoring by Industry Expert / Domain Mentors
• Access to IBM, Intel & Amazon Blockchain Platform
• Secretarial Support for Company Formation, IPR Filings & Regulatory Compliances test

4th Incubation Cohort of AIC STPI Bengaluru

ABOUT

STPI in collaboration with Atal Innovation Mission (AIM), NITI Aayog have started Atal Incubation Centre in Bengaluru for innovative start-ups working in specific domains. AIC STPI Bengaluru is Centre of Entrepreneurship (Incubator) that work to support, promote and grow culture of innovation leading to start-ups & successful entrepreneurs. AIC STPI Bengaluru focus areas are Healthcare, ICT, IoT, Electronics & E-Commerce etc.
OCP4.0 i.e Open Challenge Program nothing but Incubation Cohort to shortlist quality Ideas/Startups in the following domain/focus areas.

WHO CAN APPLY

• 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)

FOCUS AREAS

• Healthcare
• ELECTRONICS
• ICT
• IoT
• E-Commerce

SELECTION PROCESS

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.

TERMS & CONDITIONS
Selected startups shall comply with the following.
1. This OCP is part COHORT of Business Incubation Program instead of just competition.
2. Selected Start-ups need to operate from AIC STPINEXT INITIATIVES Bengaluru Incubation Facility.
3. All shortlisted applicants will be considered as Incubatee/Startups.
4. Onboarded startups shall agree to share suitable Equity model as per AIC STPINEXTINITIATIVES incubation policy.

DURATION

• Application Submission Start Date : 17^th July 2023
• Application Submission End Date : 16^th Aug 2023

OFFERINGS

• Complete Incubation support & Co-working space
• Makerspace (Lab)
• Mentoring support viz Product/Business devp, HR, Legal, Finance, IPR/Patent & other support services.
• Access to VCs for funding support.
• Networking opportunities/Industry connect and Go-to market support for exhibiting/showcasing products/solutions through various National/International events/workshops/exhibitions.
• Ready to work P&P incubation within the constraint of lockdown & thereafter. • Additional facilities and services of the pan-India domain specific CoEs of STPI may be leveraged.
• Suitable Seed funding may be provided to support Eligible Start-ups based on innovativeness of idea, novelty of solutions, strength of team & soundness of business proposal. (subject to Seed support Investment committee recommendation)

Apply Now

Kalpataru is a Centre of Entrepreneurship established under the guidance & tutelage of Software Technology Parks of India (STPI) to promote innovation and entrepreneurship in Industry 4.0. 

Kalpataru fosters the spirit of growth and dynamism to help tech-based innovators establish a solid global standing from start to finish. Right from infrastructure and funding to marketing leading innovations, this CoE aims to create futuristic minds that promote the idea of Make In India.

The Centre of Entrepreneurship offers an ecosystem where ideas can grow and come to life in Industry 4.0. To bring these colossal initiatives to fruition, Kalpataru gives participants access to support from bankers, financial institutions, mentors, investors, and a platform that helps them market their solutions.

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