Closing Date: 7 Oct 2019 Reward: Startup Support
Chennai NEXT Challenge:
Chennai NEXT Challenge, aspiring tech Entrepreneurs receive a wealth of nurturing inputs from TREC-STEP’s curated team of over 50 business mentors, domain experts, investors and other start-up stakeholders, hand-picked from its vast worldwide network of Specialists, especially experienced Indian diaspora professionals in the US, also, European and Asian Business Incubation Networks, among others. The Experts provide crucial strategic insights to budding Entrepreneurs, connects to the Industry, etc, leading these New Exciting Technology (NEXT) ventures through a well-defined path, towards leveraging their market performance, successfully, all in an engaging and collaborative environment, amidst a vibrant community of fellow start-ups and dedicated Incubation managers, always ready to lend a listening ear and a helping hand. Winners are Seed funded.
TREC-STEP,has more than 30 years of incubation experience, has helped more than 250 aspiring entrepreneurs get started. TREC-STEP is the preferred "development laboratory" for many innovative national and international initiatives in innovation and entrepreneurship development and has made a significant contribution to driving favorable policy changes, benefiting countless start-ups. up from Indian Tech. TREC-STEP has worked extensively with the World Bank, the European Union, United Nations agencies and many other international development agencies, to promote entrepreneurship in our society, and has been widely recognized across its different prices. These experiences are now summarized as incubation packages and released as customized, needs-based services to budding technology start-ups of the 2019 Chennai NEXT Challenge.
TREC-STEP is supported by NITI Aayog's Atal Innovation Mission and has modernized its incubation infrastructure to bring it up to international standards on its 50-acre Trichy campus, home to state-of-the-art prototyping and production facilities and 40,000 square feet of modern incubation space. , to meet the needs of any innovative enterprise ranging from manufacturing to IOT, IA / ML and other technological areas. TREC-STEP also expanded its incubation footprint in Chennai and commissioned CI-TIC, Chennai's Innovation and Technology Incubation Center, located in the heart of Chennai, Kilpauk. It houses state-of-the-art offices with chat rooms and conference rooms. Over 70 incubated winners currently benefit from targeted mentoring and incubation services in Trichy and Chennai. The Chennai NEXT Start-up Challenge 2019 will now target budding technology start-ups in other cities in Tamil Nadu and neighboring states as well, through their information desks and outreach programs.
About CI-TIC :
Chennai Innovation and Incubation Center, CI-TIC, enables aspiring entrepreneurs to start and grow their technology businesses by offering a full range of incubation services and programs, specifically growth ambitions of start-ups. CI-TIC is an initiative of TREC-STEP, the country's first and pioneering incubator, and is promoted as part of support for scaling up the Nay Aayog, Atal innovation mission project.
The CI-TIC team has considerable expertise in solving innovative problems for start-up companies and providing innovative solutions. CI-TIC's commitment to start-ups is not based on a cohort, but more tailored to the needs of each project. This supportive support goes beyond funding and mentoring in deeper areas of growth for start-up businesses, helping to unlock priority capital gains from congestion for the benefit of Venture's operations. At CI-TIC, we carefully combine the growth aspirations of each new company with the incubator services and advisors best suited to their needs and goals, to help them quickly take advantage of their market performance. They provide the five critical growth drivers to help each incubate plan for its growth strategy - physical infrastructure - such as office location, finance, market strategy, intellectual property protection and international transactions.
Judging Criteria :
Novelty and innovativeness of the technology,
Team (expertise in the field, experience and plan for division of roles and responsibilities)
Market (size, scalability, competition),
Overall project viability (time to market, Intellectual Property strategy, entry barriers),
Potential impact on industry sector and societal implications such as jobs generated,
Contest info Video from Project contest Vlog:
Who Can Apply:
Individuals or teams can apply.
However, teams of two or more are preferred by time of the application deadline.
There should be only one designated point of contact for the the entire duration of the challenge.
Age Limit: All team members must be 18 years of age or older by the date of submission.
Prize & Recognition: Up-to INR 50 lakhs as Start up Grand
.............YOU CAN WIN..............
For more details and registration visit the contest link below:
Contest link: https://www.ci-tic.com
Category of contest: startup contest
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