Call for Entries: Open Challenge Program for Emerging Tech in AR/VR (India)

Aims

• The initiative aims to recognize, support, and accelerate early-stage tech entrepreneurs by providing strategic networking, seed funding, mentorship, training, marketing assistance, patent facilitation, and access to state-of-the-art incubation facilities and tools.

Objectives

• Primary Objectives of the Emerging Tech – AR/VR
  • Incubate Startups:
    • Support the growth of startups focused on IT/ITES solutions in the Emerging Technologies sector, specifically Augmented Reality (AR) and Virtual Reality (VR), by providing access to resources, infrastructure, and expert guidance.
  • Build a Thriving Ecosystem:
    • Establish a robust support system for AR/VR startups by facilitating mentorship, funding opportunities, and advanced technical assistance, enabling sustainable innovation and growth.
  • Drive Regional Innovation:
    • Encourage the development of innovative and scalable AR/VR solutions that address key challenges and unlock new opportunities across industries within the region.
  • Promote Innovation Culture:
    • Inspire and empower students, researchers, and professionals with the skills, tools, and mindset required to embrace innovation and adopt cutting-edge AR/VR technologies.

Benefits

• Selected startups will benefit from:
  • Incubation Space: A dedicated facility in Imphal.
  • Technical  & Financial Support: Access to AR/VR tools, seed funding, and financial assistance.
  • Mentoring & Training: Guidance from industry experts and domain-specific training programs.
  • Market & Business Support: Assistance in marketing, networking, and business development.
  • IPR &Legal Assistance: Support in patenting, intellectual property rights, and legal matters.

Eligibility Criteria

• Eligible applicants must meet the following criteria:
  • Be incorporated as a Private Limited Company (as per the Companies Act, 2013), a Registered Partnership Firm (under the Partnership Act, 1932), or a Limited Liability Partnership (under the LLP Act, 2008).
  • Have been registered/incorporated within the last 10 years.
  • If not yet registered, applicants must ensure company registration within three months of selection.
  • Have an annual turnover not exceeding Rs. 100 crore in any financial year since incorporation.
  • Should not have been formed by splitting or restructuring an existing business.
  • Must be working towards innovation, development, or improvement of AR/VR products, services, or processes with the potential to create employment and generate wealth.

For more information, visit STPI.