“Chunauti”- Next Generation Start-up Challenge Contest
- 29 Aug 2020
( 28 August, 2020, Ministry of Electronics & IT, www.pib.gov.in )
- On 28th August 2020, the Ministry of Electronics & IT has launched “Chunauti”- Next Generation Start-up Challenge Contest.
Aim
- The programme aims to identify around 300 startups working in identified areas to further boost startups and software products with special focus on Tier-II towns of India.
Focus Areas
Under this challenge the Ministry of Electronics and IT will invite startups in the following areas of work:
- Edu-Tech, Agri-Tech & Fin-Tech Solutions for masses
- Supply Chain, Logistics & Transportation Management
- Infrastructure & Remote monitoring
- Medical Healthcare, Diagnostic, Preventive & Psychological Care
- Jobs & Skilling, Linguistic tools & technologies
Funding
- The government has earmarked a budget of Rs. 95.03 Crore over a period of three years for this programme. It aims to provide them seed fund of uptoRs. 25 Lakh and other facilities.
Support from Govt.
- The startups selected through Chunauti will be provided various support from the Government through Software Technology Parks of India 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.
- Besides seed fund of uptoRs. 25 Lakh, 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.
