SmartCity Living Labs at International Institute of Information Technology Hyderabad (IIITH) presents Smart City Startup Challenge.
Sponsoring Agency: SmartCity Living Labs
Type of Fund: Challenges, Competitions or Prizes
Deadline Available: Available
Deadline Date (mm/dd/yyyy): 06/04/2021
Size of the Fund: Less than USD $50,000
SmartCity Living Labs at International Institute of Information Technology Hyderabad (IIITH) presents Smart City Startup Challenge.
It is a 1 month-long program that gives selected startups an opportunity to pitch the to the leaders in the smart city ecosystem and to win an equity-free grant of 10 Lakhs for further development.
The Smart City Research Center is set up with support from MEITY (Government of India), Smart City Mission and Government of Telangana at IIITH.
Focus Areas
• Water Management and Water Supply/Distribution
• Waste Management
• Safety and Security
• Health
• Energy
• Any other smart city solutions or other products with smart city use cases
Benefits
By connecting startups with those searching for smart city solutions, together they will amplify the transformation of city infrastructure and services to help enrich people’s lives.
• Winner will be awarded a grant amount of 10 Lakhs.
• Finalist will pitch to pitch to 10 leading smart city technology companies.
• Selected teams may be considered for a pilot project in the state of Telangana.
• Will be listed in a smart city innovation listing that will be shared with all.
• Winner will be awarded a grant amount of 10 Lakhs.
• Will get listed in the meity startup hub.
Criteria
• Tech Startups working with products with smart city use cases.
• Have market ready product with or without customers (Revenue is desirable).
• Expertise in commercially deploying the solution.
• Research with market ready product may also apply.
Selection Process
• Initial screening will be done by the living labs teams
• First level selection will be done by a panel of members from Living Labs, MeitY and Smart city tech MNCs
• Finalist will be decided by a panel of 10 Smart city tech MNCs
Judgement Criteria
• Product innovation & Tech competency
• Market readiness
• Product fitment and need in Indian Context
• Revenue generation potential
• Potential for scale
More information at: https://smartcityresearch.iiit.ac.in/challenge02.html
