To boost startups and software products, with special focus on Tier-II towns of India, Ravi Shankar Prasad, Union Minister for Electronics and Information Technology, has launched Next Generation Startup Challenge Contest, Chunauti.

For the programme, the government has allocated Rs 95.03 crore over a period of three years.

The programme aims to support around 300 startups working in named areas. The startups will get seed fund of up to Rs 25 lakh and other support also.

Talking about this initiative, Ravi Shankar Prasad said,

“I urge the young, talented innovators of India to come forward and avail benefits of Chunauti challenge of government and create new software products and app. This launch is a bold initiative under the clarion call for Aatma Nirbhar Bharat given by Prime Minister Narendra Modi.”

For ‘Chunauti’, the Ministry of Electronics and IT will invite startups in the following areas: edutech, agritech, medical healthcare, fintech solutions, supply chain, logistics and transportation management, infrastructure and remote monitoring, diagnostic, preventive and psychological care, jobs and skilling, as well as linguistic tools and technologies.

The selected startups will get support like incubation facilities, mentorship, security testing facilities, access to VC funding, as well as advisories in legal, Human Resource (HR), IPR, and patent matters.

Startups that are in the ideation stage may be selected under the pre-incubation programme and mentored for up to 6 months. This will help them to evolve their business plan and solution around their idea.

Also, each intern selected under the pre-incubation programme will be paid Rs 10,000 per month up to 6 months.

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