Chunauti”- Next Generation Start-up Challenge Contest

“Chunauti”- Next Generation Start-up Challenge Contest

• Union Minister for Electronics and Information Technology Shri Ravi Shankar Prasad launched “Chunauti”- Next Generation Startup Challenge Contest to further boost startups and software products with special focus on Tier-II towns of India. The government has earmarked a budget of Rs. 95.03 Crore over three years for this program. It aims to identify around 300 startups working in identified areas and provide them seed fund of upto Rs. 25 Lakh and other facilities
• 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
• The startups selected through Chunauti will be provided various support from the Government through the 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 upto Rs. 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 program & 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.
• Union Minister also laid the foundation stone of the digital training and skilling center of the National Institute of Electronics and Information Technology (NIELIT) at Muzaffarpur in Bihar. This center will be developed by the Ministry of Electronics and Information Technology, Government of India for Rs. 9.17 Crore. The government of Bihar has allocated one acre of land for this institution. This center will be equipped with a state of the art training facility with a digital laboratory. Different courses such as O level, CCC, BCC, Programming, and multimedia training will be offered from this center.

Source: PIB