IT Minister Ravi Shankar launches Next Generation Start-up Challenge Contest “Chunauti” to boost Startups
- The Union Minister for Electronics and IT Shri Ravi Shankar Prasad has launched a next-generation startup contest named `Chunauti’.
- Aim: to further boost startups and software products with special focus on Tier-II towns of India
- Total Outlay: Rs 95 crore
- Duration of the programme: Three years
Key Features of the Chunauti Programme
- Under the programme around 300 startups, working in identified areas, will be selected and then given seed fund of up to Rs 25 lakh and other facilities create new software products and app.
- Identified areas include:
- edu-tech, agri-tech and fin-tech solutions for masses;
- supply chain, logistics and transportation management;
- infrastructure and remote monitoring
- medical healthcare, diagnostic, preventive and psychological care;
- jobs and skilling, linguistic tools and technologies
- Other facilities includes: 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
- The selected startups will be offered various support from the government through the Software Technology Parks of India(STPI) centers across India.
Source: Outlook India