AIC-SNU launches contest for new technology start-ups

New Delhi: Atal Incubation Centre at Shiv Nadar University, Delhi NCR (AIC-SNU), supported by NITI Aayog’s Atal Innovation Mission (Government of India), has launched the fourth edition of its ‘Venture Challenge’ – a closed-door contest for new technology start-ups or aspiring entrepreneurs to win AIC-SNU’s end-to-end support for the growth of their business ideas.

AIC-SNU has joined hands with Dassault Systèmes and HCL Technologies as Technology/Knowledge Partners to provide winners of the ‘Venture Challenge’ contest extended support from the conceptual stage to actualization of their business concepts.

Both partners will help the chosen start-ups to scale their ideas, provide technical support, market guidance and access to their networks of key contacts for growth, the AIC-SNU said in a statement.

AIC-SNU will run a 12-month incubation program for the selected start-ups, during which it will provide support including trainings, access to industry mentors, opportunities of interactions with other business leaders, access to angel investors for capital, etc.

The selection criteria for inducting start-ups will include execution capability of founders,
innovativeness of the idea, scalability, unit economics and the possible impact, the statement said.