Home Startups STPI gets more than 6,000 applications for the CHUNAUTI startup challenge

    STPI gets more than 6,000 applications for the CHUNAUTI startup challenge

    Software Technology Parks of India (STPI) on Tuesday said it has gotten 6,708 applications for the Challenge Hunt under Next Generation Incubation Scheme (NGIS) by Advancing Uninhibited Technological Intervention (CHUNAUTI). CHUNAUTI was dispatched by Electronics and IT Minister Ravi Shankar Prasad in August a year ago. The program intends to distinguish around 300 new businesses working in chosen territories and furnish them with a seed asset of up to Rs 25 lakh and different offices.

    The public authority has reserved a sum worth Rs 95.03 crore more than three years for the program.

    Around 1,820 applications qualified and 111 candidates were chosen for the introduction cycle, an assertion said.

    The combination of scores and the conclusion of results is in progress.

    The last rundown of chose new businesses will be reported soon that will be hatched by STPI and be furnished with allowances/seed financing and different offices to set up their endeavor, it said.

    Most extreme applications were gotten for edtech, agri-tech and fintech areas (767), trailed by occupations and skilling, semantic apparatuses and advancements and medical services areas at (312) and (308) applications, individually. As far as districts, Maharashtra drives the count with 215 candidates followed by Uttar Pradesh (199), Odisha (138) and Madhya Pradesh (129).

    “The activity lines up with our vision to cultivate an imaginative biological system for the improvement of native programming items. The chosen startups will get start to finish support through monetary help and mentorship that will energize advancement and business venture in the key areas,” Omkar Rai, Director General of STPI.

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