Registration Ends: End of October 2022 (Refer Contest Website) Reward: Funding of up to INR 1 crore for each winner start-up / MSME
Contest Background:
Atal Innovation Mission (AIM) is the Indian government's flagship initiative to foster a culture of innovation and entrepreneurship in the country. The aim of AIM is to develop new programs and policies to foster innovations in different sectors of the economy, provide a platform and collaboration opportunities for different stakeholders, create awareness and structure umbrella to oversee the country's innovation ecosystem.
Atal New India Challenge is a flagship program of Atal Innovation Mission, NITI Aayog. The program aims to seek, select, support and nurture technology-based innovations that solve sectoral challenges of national importance and societal relevance.
The vision of the Atal New India Challenge (ANIC) is two-fold:
Help create products from existing technologies that solve problems of national importance and societal relevance (productization)
Help new solutions find markets and early customers (commercialization)
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Guidelines of the Contest:
The applications for Atal New India Challenge can be submitted by innovators who should meet the following criteria:
1.The innovator is productizing/commercializing an existing patent (or published research paper) or product or technology. The innovator should be able to:
a) Submit or provide a link to the research paper published in a reputed journal before the date of announcement of this scheme.
b) Provide description, name and the registration number of the patent he holds. If the innovator /researcher is not the holder of the patent , the application should include information on the nature of the relationship with the patent holder, such as through licensing fee or profit/revenue share in the business plan, etc.
c) A video describing or showing a prototype.
2.The innovator who has identified or established partnership(s) with relevant partners for manufacturing, market deployment or early-stage pilots. As the focus of this challenge is to rapidly commercialize technologies/patents into products, it is important that innovator has either identified partners for manufacturing (which could be a MSME, or contract manufacturer, or laboratory) and early- stage pilots or established partnerships with these stakeholders. The applicant will have to provide the name and other details of the manufacturer and another potential.
Categories of the contest:
Phase 2 of ANIC concentrates on 18 challenges from 5 focus areas in addition to the Open Innovation Challenge category
Drinking Water and Sanitation
Renewable Energy and Clean-Tech
Education
Agriculture – Millet
Post and Telegraph
Open Innovation Challenge includes innovations in sectors but not limited to
Fin-Tech ,
Autonomous Cars ,
Cryptocurrency & Blockchain ,
Sports Tech ,
Food Tech ,
Deep Tech ,
Deep Science,
Mobility Tech & Micro Mobility ,
Textiles ,
Artificial Intelligence,
Machine learning ,
Big Data ,
Augmented Reality (AR)/Virtual Reality (VR) etc.
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Who can apply?
Any Indian company incorporated under the Companies Act 1956/2013, primarily a Micro, Small and Medium Enterprises (MSME) as defined in the MSMED Act, 2006
Any company registered as a Start-up, as defined, and recognized by the Department for Promotion of Industry and Internal Trade (DPIIT), Ministry of Commerce and Industry, Government of IndiaAny Indian company incorporated under the Companies Act 1956/2013, primarily a Micro, Small and Medium Enterprises (MSME) as defined in the MSMED Act, 2006
The majority stake (more than 51%) of the applicant entity must be held in India. The applicant should have developed a working prototype of the proposed solution relevant to the challenge area under ANIC.
These are indicative eligibility criteria and AIM, NITI Aayog reserves the right to amend application or program related guidelines, as and when deemed fit.
Reward:
Funding of up to INR 1 crore for each winner start-up / MSME
The grant will be awarded in a maximum of three (3) tranches within 12 – 18 months, with the following breakdown
First tranche: Upto 30% of the amount recommended by committee.
Second tranche: Upto 40% of the amount, contingent on achieving milestones as recommended by committee.
Third and final tranche (if required): The remaining amount of the recommended grant, contingent on achieving milestones as recommended by the committee
.............INNOVATE TO WIN..............
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Category of the contest: Startup Contest
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