National Innovation Challenge 2020Click here for register
We welcome Colleges / Registered firms to participate in National Innovation Challenge 2020 organised by ATAL INCUBATION CENTER-IIIT Kottayam . Our aim is to nurture innovative start-ups in their pursuit to become scalable and sustainable business enterprises. We will create world class incubation facilities with the state of the art physical infrastructure, in terms of capital equipments and operating facilities , coupled with the availability of sectoral experts for mentoring. Apart from this, business planning support, access to seed capital, industry partnerships, training and other relevant components required for supporting innovative start-ups will be provided.
The MSME Scheme provides opportunity to the innovators in developing and nurturing their new innovative ideas for the production of new innovative products. Description Host Institutions (HI) can explore the new innovative ideas from the Incubatee of various sectors which may be entrepreneurs or students from the any streams. Nature of assistance 1. Financial assistance up to 15 lakh for developing and nurturing of an idea. 2. Financial assistance up to 1.00 Cr. for procurement and installation of Plant and Machines in BI in order to strengthen the technology related R&D activities of BI. 3. Financial assistance of up to 1.00 Cr. as grants in aid for the seed capital support to HIs/BIs for converting deserving ideas in to start-ups. Who can apply? Student/Entrepreneurs of the Institute such as Technical colleges, Universities, other professional colleges/institutes, R&D institutes, NGOs involved in relevant activities, EDCs of O/o DC (MSME), MSME-DIs/Technology Centers (TCs), DICs or any Institute/Organization of Central/State Govt. Objectives • The main objective of the scheme is to promote & support untapped creativity of individual and to promote adoption of latest technologies in manufacturing as well as knowledge based innovative MSMEs. Salient Features •The components under the scheme will include mentoring support in business and technology, networking with other businesses, seed capital assistance, professional assistance to make the enterprise successful and achieve higher growth. Technology based new enterprises are typically characterized as high risk and high growth ventures, and as such, they require an enabling environment like BI to enhance the prospects of success. Activity • Recognition of eligible institutions as Host Institute (HI) to set up Business incubator (BI). • Approval of Ideas of Incubatee of Host Institute. • Financial assistance up to 15 Lakh for nurturing of an Idea to HI. • Awareness and workshop programme.
What We Offer
Rules and Regulations
- This is an exclusive business plan competition for IoT/Cloud/Block Chain based ideas/Start-ups.
- The Participants should register and pay fee online to become eligible for the competition.
- A maximum of four members is permitted in a team.
- One participant cannot be a part of more than one team.
- No change in the team structure is permitted after registration.
- One of the team member should be registered as a team leader.
- Participants details will be collected from the institutions once they complete registration.
- AIC’s decision will be final for the all the procedures related with the competition.