What will winners get:

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Indian Winners
Cash Prize of INR 2.00 - 5.00 Lakh
Additional cash prize of INR 10.00 - 25.00 Lakh for water challenges only (sponsored by Livpure)
Cross-border mentorship and incubation/acceleration support
Exclusive Summit with industry leaders and potential partners in India as well as Israel
An opportunity to pilot with leading partners in India

 

Israeli Winners
Funding opportunities for pilot execution from the new i4F Fund under Israel Innovation Authority
3-month cross-border mentorship with Indian industry experts
Matchmaking with leading corporates and investors to explore piloting solution in India
Exclusive Summit with industry leaders and potential partners in India as well as Israel

Top 3 applicants from the water challenge will additionally receive (sponsored by Livpure):

        1.    Winner – INR 25 Lakh

        2.    First Runnerup – INR 15 Lakh

        3.    Second Runnerup – INR 10 Lakh

Livpure would independently conduct its due-diligence to shortlist the startups for this water cash-award and its decision for the same would be final.   

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Additional 12 winners from India will receive cash prize of INR 2 lakhs. They will also be considered for the Social Entrepreneurship (SOCENT) Fellowship of the Bala Vikasa International Centre (agriculture & water only), which includes financial grant of upto INR 5 lakhs along with mentoring, networking, training, etc.

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Terms

  1. Ownership of any IP generated by program participants will accrue solely to those participants.
  2. Incubation space/office space at partner incubators will be capped at 4 people per winning team. Teams that would like more members to sit in the incubators will have to make their own arrangements or share their seats with extra members
  3. Cost of boarding and lodging in Israel will be capped at 4 people per winning team. Teams which would like more members to travel will have to make their own arrangements.
  4. The cash award shall be awarded based on the solution proposed. The winners will have the first right of refusal for accepting incubation support from partner Incubators. Should the winners decide not to avail this support and choose to withdraw from the program, the program organizers will have the right to assign the solution to other interested parties conducting further development.
  5. The additional 12 winners from India will be invited for both Demo Days in India and Israel. However, they will have to bear the cost of travel and stay.

Note: Startup India may, in its sole discretion, change or modify "Terms and Conditions" with or without prior notice. Such changes or modifications shall be made effective for all 'Applicants" upon posting of the modified "Terms and Conditions" to this web address (URL): https://www.startupindiahub.org.in/content/sih/en/startup-scheme/international/innovation-challenge/terms-conditions.html . 'Applicants" are responsible to read this document from time to time to ensure that they are up to date with “Terms and Conditions”.