Scheme Name: Arunachal Pradesh Entrepreneurship Challenge

State: Arunachal Pradesh

Description of the Scheme: It will pursue the objectives of formulating an inclusive solution to the motley local challenges faced by aspiring entrepreneurs through development of a vibrant entrepreneurial ecosystem and side by side facilitating their entrepreneurial endeavours with comprehensive support and nurturing.

Target group : Prospective entrepreneurs and unemployed local youths

Sector of the Scheme: Multiple sectors

Eligibility Criteria:

• A resident of Arunachal Pradesh Above 18 yrs of Age or an Arunachali currently working or residing outside the state, but wishes to return back to the state & become an entrepreneur.
• Early stage venture setup on or after 15th August 2015.
• Applicant's innovation should be either in an Ideation stage, Minimum Viable Product stage/Proof of Concept o r in Revenue Stage to be incubated in APIIP.
• Should ideally have demonstrated some traction from customers.

Nature & Mode of Assistance: Top 50 entrepreneurs will be selected for the Incubation and Pre-Incubation programmes facilitated by the IIM Calcutta Innovation Park. Out of these, top 10 entrepreneurs will be awarded up to Rs. 5 lakhs and the next 40 entrepreneurs will be awarded up to Rs. 4 lakhs.

"Financial Information (Subsidy, low interest rate, etc.)": The Selected Start-ups for this program will be provided with up to Rs. 5 lakhs for top 10 and Rs.4.00 Lakhs to the next startups and the seed money which would be paid on milestone basis.

"Other Assistance (Procurement of machinery, Technology /Marketing, International Cooperation, etc.)":

• Eligibility to avail Various Government Support Schemes, Grants, Soft loan & Pilot Opportunities
• Access to IIM Calcutta Innovation Park (IIMCIP) Network
• Training and Focused mentorship through pre-incubation ,Incubation support and funding programs conducted by IIM Calcutta Innovation Park (IIMCIP)
• Certificate of recognition to the selected startups selected by Government of Arunachal Pradesh and IIM Calcutta Innovation Park (IIMCIP)
• Access to co working space at Arunachal Pradesh Innovation & Investment Park (APIIP)

How to apply: State's Department of Finance, Investment and Planning

Whom to Contact: http://apstartup.in/