Govt. allocates Rs. 95 Cr for Start-up Challenge Contest

The Ministry of Electronics and Information Technology (MeitY) has allocated Rs. 95 crore over three years for Startup Challenge Contest Chunauti.

The programme aims to identify around 300 startups working in identified areas and provide them seed fund of upto Rs. 25 Lakh and other facilities.

The Union Minister for Electronics and Information Technology Ravi Shankar Prasad launched Next Generation Startup Challenge Contest Chunauti to further boost startups and software products with special focus on Tier-II towns of India.

Ravi Shankar Prasad urged the young, talented innovators of India to come forward and avail benefits of Chunauti Challenge and create new software products and apps.

Under this challenge the MeitY will invite startups in the following areas: Edu-Tech, Agri-Tech and Fin-Tech Solutions for masses; Supply Chain, Logistics & Transportation Management; Infrastructure & Remote monitoring; Medical Healthcare, Diagnostic, Preventive & Psychological Care; and Jobs & Skilling, Linguistic tools & technologies.

The startups selected through Chunauti will be provided various support from the Government through Software Technology Parks of India (STPI) centers across India. They will get incubation facilities, mentorship, security testing facilities, access to venture capitalist funding, industry connect as well as advisories in legal, Human Resource (HR), IPR and Patent matters. The startups will also be provided cloud credits from leading cloud service providers.

Start-ups who are in the ideation stage may be selected under the pre-incubation programme & mentored for up-to six months to evolve their business plan & solution around the proposed idea. Each intern (start-up under pre-incubation) will be paid Rs. 10,000 per month upto a period of 6 months.

Startups can apply by visiting the website of STPI or by clicking at the link https://innovate.stpinext.in/

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