FASAL Open Challenge Program 1.0 by STPI [Support Upto Rs. 10 L]: Apply by Sep 30: Expired

Applications are invited for FASAL Open Challenge Program 1.0 by STPI for the year 2021. The last date of application is 30 September.

Objective

Creation of a holistic eco-system for encouraging R&D, innovation, Entrepreneurship in the AgriTech domain by providing physical infrastructure and support services for prototyping, developing, testing & marketing; to incubate start-up units to create innovative solutions to address the problems of farmers in the region; to provide business and technological mentorship & guidance in the domain; to provide networking services linking up with funding sources and other stakeholders (alumni, academic institutions, other incubators, etc.); to enable the creation of IPs domestically;

Target/ Eligibility

25 start-ups are expected to be benefitted over a period of 3 Years.

The start-up should be incorporated as a

Noticebard WhatsApp - Telegram Group
Noticebard WhatsApp - Telegram Group
  • Private Limited Company (as defined in the Companies Act, 2013) or 
  • Registered Partnership Firm (Regd. under section 59 of the Partnership Act, 1932) or
  • Limited Liability Partnership (under the Liability Partnership Act 2008)

The date of registration/incorporation should not be beyond 10 years.

If a company is not registered, an application may be made in the names of the promoters/founders. However, the promoters/founders must ensure that the company is registered within a period of 3 months from the date of selection for CoE.

Registration

Interested candidates can apply via this page.

Incentives

FASAL CoE shall support through initial seed support up to Rs. 10 Lakh and guide start-ups for raising funds towards PoC, MVP, and Marketing as well as scaling up through grants, equity, and debt by leveraging connections with potential customers and CSR/ Corporate sources as well as angels, High Net worth Individuals (HNIs) and VCs as per the appropriate size of start-ups.

Click here to view the official notification of FASAL Open Challenge Program 1.0.


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