The Idea Challenge Programme invites the proposals/applications from Indian Start-ups who are working in domain related to Blockchain Technology.
Startups registered with DPIIT under start-up India programme are encouraged to participate in this programme. The definition of Startups prescribed by DPIIT is reproduced below and subjected to change from time to time.
Individual Academicians, Researchers, Educators, Entrepreneurs, partnership firms, LLPs may also participate, however, if they are selected then they will have to register as private limited company in a stipulated time (preferably within 3 months).
The start-up must be registered / incorporated within last 10 years as on date of opening of challenge.
Start-up should have an annual turnover not exceeding Rs. 100 crores for any of the financial years since its incorporation..
Entity should not have been formed by splitting up or reconstructing an already existing business.
Innovative & Scalable
Entity working towards innovation, development or improvement of products, processes or services or if it is a scalable business model with high potential of employment generation or wealth creation.
Terms & Conditions
Start-ups have to operate from apiary Incubation facility at STPI – Gurugram.
Each start-up will be offered approx. 5 seats as decided by designated authority.
The start-ups may have to offer equity to STPI as decided by designated authority.
The start-up has to pay designated charges for availing apiary services.