Electronics and Information Technology News

The startups will also be provided cloud credits from leading cloud service providers besides a seed fund of up to Rs 25 lakh Start-ups, which are in the ideation stage, may be selected under the pre-incubation programme and mentored for up-to six months to evolve their business plan Each intern (start-up under pre-incubation) will be paid Rs 10,000/- per month up to a period of 6 months

The Innovation Challenge was open for participation from Industry, start-ups, and individual experts The overwhelming response was received across the country, with a total of 1983 applications being received, which were evaluated and subsequently supported through a 3-stage process Out of these, 12 applicants with innovative VC solutions were shortlisted to develop/mature the prototype for which support of Rs 10 lakh each was provided