Menu
Open Challenge Program (OCP) is a platform where a startup gets an opportunity to solve problems through innovative solutions. The objective of Open Challenge Program (OCP) is to identity, recognize & reward aspiring and early-stage tech entrepreneurs. This platform facilitates aspiring entrepreneurs and innovators and 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.
To create a holistic eco-system for encouraging R&D, Innovation and Entrepreneurship in the domain of Industry 4.0 i.e., Industrial IoT, Artificial Intelligence, Machine Learning, Augmented Reality, Virtual Reality, Industrial Automation, Industrial Robotics, Industrial Drone, Industrial 3D Printing and other related technologies powered by AI were providing physical infrastructure and support services for prototyping, developing, testing & marketing through incubating start-ups in Industry 4.0.
STPI is looking to identify and support promising startup working towards digital transformation products/solutions enabling equitable & inclusive growth of PSUs with focus on Industry4.0. The selected startups would be given physical infrastructure, funding assistance, access to networks, connects, learning and resources that are needed to build a scalable, profitable and global business.
The eligibility criteria for a start-up to apply in the OCP 4.0 program shall be as follows
• The challenge invites the proposals/applications from Indian Start-ups# who are working in domain related to software product development..
• Start-ups registered with DPIIT under start-up India programme are encouraged to participate in this programme.
• 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).
Note:
• Startups who are onboarded in Kalpataru CoE are not eligible to apply.
• The date of registration/incorporation of the private limited company must not be beyond 10 years
#At least 51% shareholding with Indian citizen or person of Indian origin. The applicant’s entity should not be a subsidiary company of any foreign corporation
Terms & Conditions
• Selected start-up have to pay one time Registration Charges of Rs 2,000/- to get associated with Kalpataru CoE.
• The selected start-up who wish to avail physical incubation space may approach STPI. The incubation charges and T&C shall be as per the Incubation norms
• Selected start-ups shall share up to 3% equity with STPI for on-boarding in Kalpataru CoE.
Note: The Start-ups submitting the proposals/applications can be in any of the following stages.
• Ideation Stage Start-up: An individual or team of individuals has an innovative product idea and wish to focus on developing that idea into a business.
• Validation Stage Start-up: A validated proof-of-concept exists in a way that the prototype is anticipated to be ready in the foreseeable future. Alternatively, the prototype is ready and awaiting testing and validation.
• Early Traction Start-up: The product has been validated and the start-up needs support in establishing itself as a business.
• Scaling Stage Start-up: The start-up has initial revenue from customers and needs support in scaling its business & product portfolio.
Note: The start-ups having any innovative idea/solutions related to PSUs in Industry4.0 domain are encouraged to apply for OCP4.0. The Problem Statements of Rashtriya Ispat Nigam Limited – Visakhapatnam Steel Plant (RINL-VSP) are given here.
