With a budget outlay of Rs 20 crores, the target is to incubate about 65 innovative and disruptive technology start-ups over five years
Atal Incubation Centre (AIC), an STPI Centre of Excellence (CoE), in Bengaluru was virtually inaugurated by Software Technology Parks of India (STPI), Director General, Dr Omkar Rai, in the presence of Dr Devi Prasad Shetty, Chairman and Executive Director of Narayana Health & Chief Mentor- AIC STPI Bengaluru, Dr Chintan Vaishnav, Mission Director Atal Innovation Mission NITI Aayog, Shailendra Kumar Tyagi, Director, STPI-Bengaluru and Shri Subodh Sachan, Director, STPI-HQ.
AIC STPI Bengaluru was shortlisted by Atal Innovation Mission (AIM) of NITI Aayog to set up Atal Incubation Centre (AIC) for innovative start-ups working in healthcare, IoT, ICT & E-Commerce domains at a budget outlay of Rs 20 crores, with a target to incubate about 65 innovative and disruptive technology start-ups over five years.
The AIC STPI Bengaluru is spread over 10,000 sq ft of area and has been equipped with state-of-the-art physical infrastructure, lab with Health care equipment such as Vital sign Monitor, ECG Simulator, Neuro Stimulator and 3D Printer and common office facilities. AIC STPI Bengaluru is supported by partners from Industry, Corporate, startups, venture capitalists and academia. The AIC aligns with STPI’s vision as well as that of NITI Aayog to support, promote and grow the culture of innovation leading to start-ups and successful entrepreneurs in the country.
Delivering the keynote address during the inauguration of AIC STPI Bengaluru and launch of 1st Cohort, Dr Omkar Rai, DG, STPI and Chairman, STPINEXT, stated, “STPINEXT is going to play a pivotal role in making India a software product nation by setting up STPI CoEs in emerging technology domains. AIC STPINEXT Initiatives can leverage the ecosystem and enable startups to build world-class products in the healthcare domain through AIC STPI Bengaluru.”
“Future of India lies in startups. We have 55 unicorns and during the beginning of 2021, we added 10 unicorns. Startups at STPI CoEs can solve global challenges. Beyond fostering startups to build innovative products in solving the challenges of the industry, STPI CoEs can play a major role in creating many unicorns,” he added.
“Bangalore has rapidly emerged as the startup capital of India. AIC STPI Bengaluru has a wonderful infrastructure with phenomenal technological support and an extremely bright group of mentors including the initial financial opportunities. It will become one of the largest producers of innovative startups who will change the startup Scenario of the country,” said Dr Devi Prasad Shetty, Chief Mentor AIC STPI Bengaluru and Executive Director, Narayana Health.
“Possibilities for IoT in public healthcare space is humongous. We have to change the pattern of imagination. A special focus on IoT in this programme can help us go long,” said Dr Chintan Vaishnav, Mission Director, Atal Innovation Mission, NITI Aayog.
The last date for applying for OCP 1.0 to avail the offerings of AIC STPI Bengaluru, Open Challenge Program (OCP) 1.0 with a focus on “Portable, Affordable, AI-enabled Med Tech devices for multi-parameter monitoring, Medical devices for stroke detection/brain-computer interface/mental health/neuromonitoring and wearable devices for health monitoring” is August 8, 2021.