Sponsoring Agency: Startup India
Deadline Available: Available
Deadline Date (mm/dd/yyyy): 04/26/2021
Size of the Fund: Less than USD $50,000
The Comviva InnoNXT Tech Challenge in partnership with Startup India invites Startups from across India to participate and take on the challenges in the highly emerging areas of Digital, AI/ML, 5G, and Fintech.
Comviva is the global leader of mobility solutions catering to The Business of Tomorrows. The company is a subsidiary of Tech Mahindra and a part of the $21 billion Mahindra Group.
All these sectors have seen immense interest, demand, and growth in the last few years. And Comviva, being at the forefront of the emerging technologies, invites new-gen Startups to come along and shape the future.
Themes
• Gamification
• Media and Entertainment
• AI/ML
• 5G
• Fintech
• Telecom
• ChatBot
• Digital/Social Advertisement
Incentives
• Fiscal Incentives
o First Prize: $10K Cash Grant
o Second Prize: $5K Cash Grant
o Third Prize: $2.5K Cash Grant
• Non-Fiscal Incentives
o Mentoring by Comviva SME’s and business leaders to improve product and Go-To-Market strategy
o Opportunity to work with Comviva product teams to create stronger solution offerings
o Market access to Comviva customers across 100 countries
o Promotion via PR and social media
o Free Cloud Credits and other Benefits – AWS Activate and/or Microsoft Accelerator Program
o Advice on business functions such as legal, tax and compliance, finance, marketing, and human resources
o Access to collaboration tools, productivity tools, and Comviva’s software solutions
o Investor connects for selected Startups (if relevant)
o Note: All benefits are subject to evaluation of the Startup and will be distibuted on case to case basis; also depending on Startup's readiness for the benefit.
Eligibility Criteria
• Startups who meet either of these 2 criteria are eligible to apply.
o Startups, as defined and recognized by Department for Promotion of Industry and Internal Trade (DPIIT).
o Startups who have valid MVP/POC, possibly with pilot customers.
• Note: It is mandatory that this challenge is taken up in line with the problem statements mentioned in the program.
Procedure Post Submission
• Announcement of Top 10 Shortlisted Startups: 3rd May, 2021
• Demo of the 10 shortlisted Startups – 12th, 13th & 14th May
• Winner declaration and starting with the cohort – 25th May
More information at: https://www.startupindia.gov.in/content/sih/en/ams-application/challenge.html?applicationId=6037b9fee4b087332c69b77e
