Sanjeevini-KSRLPS and TiE Bangalore Presents

“Accelerating Women Enterprises” Start-up Challenge 2022

5/5

The Sanjeevini-KSRLPS “Accelerating Women Enterprises” Start-up  Challenge 2022 is a start-up competition which aims to encourage Start-ups  to create innovative and relevant products and services for Sanjeevini – KSRLPS that may potentially develop into viable business ventures as well as  solve social problems. This initiative is geared towards promoting the spirit of  entrepreneurship among both SHGs and Start-ups and to ensure the creation  of investible ideas in areas relevant to Sanjeevini-KSRLPS that will also  expand the Start-up ecosystem in Karnataka. This will provide budding start ups with various opportunities such as acquiring a funding proposal, building  strategic partnerships or network with Government departments and  receiving feedback from practitioners on enhancements that can be made on  the presented start-up idea. NRLM will earmark a Challenge Fund for selected  start-ups, that present potential projects that facilitate growth of Sanjeevini KSRLPS in future. 

TiE Bangalore is the Knowledge Partner for this initiative. 

Program Details

Eligibility criteria : 

The competition will be open to all registered Start-ups in Karnataka  (registered with Karnataka Start-up Mission)

An entity shall be considered as Start-up(s), which:

  1. Up to a period of seven years from the date of incorporation/ registration 
  2. Turnover of the entity for any of the financial years since incorporation/registration has not exceeded one crore  rupees. 
  3. Entity is working towards innovation, development or improvement of products or processes or services, or if it is a scalable business model with a high potential of employment  generation among women. 
  4. Participant agrees to notify Sanjeevini-KSRLPS and TiE if they have any relationship with Sanjeevini-KSRLPS and TiE that is either pre-existing or that develops prior to the judging of the  Competition.

 

Themes for challenges :
  1. Sectoral: agriculture, food processing, animal husbandry, toys/art/crafts, green technology, and waste management, other  alternative off-farm income generation models. 
  2. Business Support/models: e-commerce, logistics, branding &  merchandising, design, learning, enterprise management

 

Incentives :
  1. Selected top 3 Start-ups (Winners) will be provided with a Prize Money  of INR 5 Lacs (including all applicable taxes) as part of promoting  entrepreneurship and start-up eco system in Karnataka. The Start-ups  that develop innovative and relevant products and services that may  potentially develop into viable business ventures for SHG women as well  as solve social problems or entrepreneurial challenges will be awarded  the implementation of such projects under NRLM/NULM up to INR One  Crore, subject to approval of MoRD/MoHUA. 
  2. Government/Industry Visibility for selected top 10 Start-ups (Finalists)  to share their business value proposition to Government/Industry and  Industry partners along with networking opportunities. 
  3. Selected top 10 Start-ups (Finalists) will be provided a free Associate  Membership of TiE Bangalore for a period of 1 year and will access  Mentorship opportunity from Technical & Leadership Experts of TiE,  Bangalore 
  4. Finalists may enter into business relationships with government  departments/potential investors, at any time and at Participant’s sole  discretion after the Grand Finale.  

 

How to apply :
  1. Entries will be accepted up to June 6th, 2022 5 p.m IST
  2. Submit Entries via the application form on Sanjeevini-KSRLPS – TiE Bangalore website. CLICK HERE
  3. Each Participant must complete and submit a Competition  application (Entry) of which the requirements and Submission Form are found on the application portal located on Sanjeevini-KSRLPS – TiE  website.

 

Selection process :
  1. Primary Competition is virtual. Primary Competition is expected to be held on Virtual Platform in June, 2022. 
  2. Top 10 Finalists will be required to participate in the pitching session  for Grand-Finale. (Attended by Government/Industry and Industry  partners) 
  3. Finalists and Winners will be selected based on the Jury’s (formed by  Sanjeevini-KSRLPS and TiE) assessment of the following aspects of  evaluation criteria: 
  4. Innovativeness, Product-Market fit, Competitive 
  5. Differentiation, Time tomarket advantage, Business Scale  Potential. 
  6. Solution (Competitive Advantage, Product-Market Fit, Business  Model, Scalability) 
  7. Readiness of Product/Prototype 
  8. Team (Team Strength, Expertise of Founding Team), Team composition and ability to execute and realize their business plan. 
  9. Potential for success within the applicable market for the Participant’s productor service. 
  10. Sustainable development and tech-for-good impact on the applicable market 
  11. Initially, a group of Participants (each a “Finalist,” collectively “Finalists”) willbe selected by the Jury based on the criteria specified  above. 
  12. Members of Evaluation Panel/ Jury includes diverse group of highly experienced technologists, investors, academics and industry experts with experience and expertise in evaluating start-up companies, technology, products and services.

 

Terms and conditions :
  1. Sanjeevini – KSRLPS and TiE Bangalore will ensure that any judging is conducted only by qualified individuals who do not have a  relationship with any of the participants. 
  2. Participants agree that the decisions of the Jury are final and binding. 
  3. Participants are solely responsible for any expenses incurred to  participate in the Competition, including but not limited to any travel  costs. Sanjeevini-KSRLPS and TiE or Competition Jury will have no  responsibility for any Participant’s costs and expenses related to the Competition. 
  4. Sanjeevini-KSRLPS and TiE will notify the Finalists by email, using the  email address provided in the Entry. Notifications are expected to be  sent to Winners in late June 2022. If a Finalist does not respond and  provide the required confirmations within three (3) days of notification,  is found ineligible, or does not comply with these Terms and Conditions, 
  5. such Entry may be disqualified by Sanjeevini-KSRLPS and TiE, in its sole discretion, and the Competition Jury will select a replacement  Winner.

 

Competition Entry :

A Competition Entry will not: 

  1. Infringe or otherwise violate the intellectual property rights of  any third party, including copyrights, moral rights, patents, trademarks, design rights, trade secrets and rights of publicity; 
  2. Disclose or rely upon the confidential or proprietary information  of a third party without appropriate written permission; 
  3. Contain libellous, defamatory, disparaging or unlawful content; Invade the privacy or right of publicity rights of any person  (living or deceased),or otherwise infringe upon a third party’s personal or proprietary rights; 
  4. Violate any laws or regulations; 
  5. Include sexually explicit subject matter; 
  6. Depict or inspire violence, weapons or dangerous stunts; o Depict discrimination, bigotry, harm or hatred; 
  7. Depict or inspire tobacco or illicit drug usage; 
  8. Promote activities that are illegal in the Participant’s home country; 
  9. Promote any political agenda; 

The above list is not exhaustive. Sanjeevini-KSRLPS – TiE may  disqualify any Entry if the Entry includes content that Sanjeevini KSRLPS – TiE, in its sole discretion, deems unsuitable for this Competition. Sanjeevini-KSRLPS – TiE may reject or disqualify any 
Entry at any time, in its sole discretion, without incurring any liability.  

 

Each Participant represents and warrants that :
  1. Its Entry is wholly original, factually accurate to the best of Participant’s knowledge, and is Participant’s own creation
  2. It is the sole owner of all rights relating to its Entry, or has obtained all necessary rights, including all copyrights, moral  rights, patents, trademarks, design rights, trade secrets, rights of publicity, and other relevant intellectual property rights for access to and use of the Entry by Sanjeevini-KSRLPS – TiE in  connection with the Competition. 

 

Ownership claim :
  1. Sanjeevini-KSRLPS – TiE do not claim ownership over the applications submitted or any new IP developed by the Participants during the  Competition. However, by submitting an application, Participant  grants the Sanjeevini-KSRLPS – TiE rights to publish Participants  name or alias in connection with this Competition.
  2. Sanjeevini-KSRLPS – TiE agree to takeall steps reasonably necessary to protect the secrecy of the Confidential Information, and to prevent  the Confidential Information from falling into the public domain or into the possession of unauthorized persons.