About the Challenge

Arunachal Pradesh Entrepreneurship Challenge is the state’s biggest hunt for identifying promising startups and entrepreneurs of Arunachal Pradesh who are passionate about making a difference. The Challenge aims to identify, promote, support, and nurture sustainable and locally relevant business ideas and entrepreneurs, who would emerge as ethical leaders to transform and uplift the socio-economic scenario of the state in the days ahead.

Rewards

  • Certificates to 50 selected entrepreneurs.
  • Top 10 entrepreneurs will be awarded upto Rs 5 lakhs and The next 40 entrepreneurs will be awarded upto Re. 4 lakhs..
  • Pre-Incubation/Incubation support from IIM Calcutta Innovation Park.
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Eligibility

If you have started a business on or after 15 August 2015, or if you have an interesting business idea but are yet to start your business, you are welcome to apply for the Arunachal Pradesh Entrepreneurship Challenge.

All contestants must comply with the following criteria to be eligible for the competition.

  • Applicant must be an adult Indian citizen, i.e. only those who have completed 18 years of age as on Aug 15 , 2020.
  • Applicant must have an existing business in Arunachal Pradesh or willing to set up a new business in Arunachal Pradesh.
  • If the submission is for an existing business, it must have been set up on or after 15 August 2015.
  • The business should not be an expansion or extension of an existing business (including family business).
  • The idea or the business plan should explain how the business will make money and sustain itself.
  • The Application needs to be filled in the prescribed format in English only.
  • The plan / venture should not belong to following industries - alcohol, tobacco, gambling, firearms, and explosives.
  • Applicants must enter the competition on their own behalf and entries by proxy will not be accepted, even for family members.
  • The entries are not transferable.
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How to Apply

Follow the steps below to apply:

  • Step 1: Click on ‘Register Now’ to create an application account.
  • Step 2: Once you have created your account, please use the login details (sent to you via email) to login.
  • Step 3: Once you log in, you will need to fill the application form Online and click on ‘Save’ or ‘Submit’.
    • “Save” - Save the details in your account. You will be able to edit and submit application at a later point in time.
    • “Submit” – Submit application once details are final.
  • Step 4: You have now completed your application. Please wait for the results. In case you are selected, you will be intimated on 15th November 2020.
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Timeline

15 Aug, 2020
Contest Portal launch
Last Date of Applications
30 Sep, 2020
15 Nov, 2020
Result Announcement

 

FAQs

Entrepreneurship is the ability and readiness to develop, organize, and run a business enterprise, along with any of its uncertainties in order to make a profit.

An entrepreneur is an individual who creates a new business, bearing most of the risks and enjoying most of the rewards. 

A business idea is a concept that can be used for financial gain that is usually centred on a product or service that can be offered for money. An idea is the base of the pyramid when it comes to the business as a whole.

The characteristics of a promising business idea are:

  • Innovative
  • Unique
  • Problem solving
  • Profitable

Arunachal Pradesh Entrepreneurship Development Program is a state-owned initiative, in association with IIM Calcutta Innovation Park as the Knowledge Partner, to provide promising entrepreneurs from the state with knowledge support, infrastructure, business mentorship, important industry connects, market access, and funding opportunities, towards building a vibrant entrepreneurial ecosystem in Arunachal Pradesh. 

Arunachal Pradesh Entrepreneurship Development Challenge is the hunt for identifying 50 top business ideas and innovations and providing them with pre-incubation and incubation support for taking their ideas/businesses to the next level. 

Arunachal Pradesh Development Program provides the following support: Pre-Incubation, Incubation, and Livelihood Acceleration.

Applicants must fill up and submit the application forms on the website.

The applicant must be:

  • A permanent resident of Arunachal Pradesh by birth
  • An individual/group having innovative idea/concept.

The individual willing to set up a business in Arunachal Pradesh 

No. It’s a complete online process and you need to submit your application through the website. 

To apply for the Challenge, a person must be:

  • A permanent resident of Arunachal Pradesh by birth
  • Any person who wants to set up a business in Arunachal Pradesh
  • Certificates to 50 selected entrepreneurs
  • Top 10 entrepreneurs will be awarded upto Rs 5 lakhs and The next 40 entrepreneurs will be awarded upto Re. 4 lakhs.
  • Pre-Incubation/Incubation support from IIM Calcutta Innovation Park

Partners

IIM Calcutta Innovation Park – established under the aegis of IIM Calcutta – is a leading Business Incubator focused on fostering entrepreneurship and supporting start-ups, especially in East & North-East India. IIMCIP has partnered with Arunachal Pradesh University & local entrepreneurs over the last three years in spreading awareness about social entrepreneurship in Arunachal Pradesh.

Partner

Get in Touch

Mail your queries to contactus.apstartup@gmail.com

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