“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.