The launch of Open Innovation Challenge 2021 has been announced by Delhi Police has announced to identify novel and emerging technological solutions from innovators, Startup’s, MSMEs and Enterprise to tackle the problem statements identified by the agency. Interested applicants are required to submit their application on or before 29 November 2021. Result of Open Innovation Challenge 2021 will be declared on 13 December 2021.
Sponsoring Agency: Delhi Police
Type of Fund: Challenges, Competitions or Prizes
Deadline: 29 Nov 2021
Size of the Fund: The shortlisted teams stand a chance to win exciting cash prizes and grants upto 6 Lakhs. The solutions developed by winners will be eligible for possible procurement by the force and mentorship by law enforcement and industry experts.
Delhi Police announces the launch of Open Innovation Challenge 2021 to identify novel and emerging technological solutions from innovators, Startup’s, MSMEs and Enterprise to tackle the problem statements identified by the agency.
.Themes for the Open Innovation Challenge 2021 are as follows.
• Emerging Technologies
• Industry 4.0
• Machine Vision
• Security Solutions
• Communication & Networks
• Emergency Response
• Defence and Internal Security
• Fiscal Incentives
o Cash Prizes and Grants upto 6 Lakhs
• Non-Fiscal Incentives
o Handholding and Mentorship Support by Law Enforcement Authorities and Industry Experts, Possible Procurement Opportunity by Delhi Police
Start-ups adhering the following criteria are encouraged to apply:
• Start-ups: Applicants willing to propose and develop solutions must be:
o A Startup incorporated as a private or public limited under the Companies Act, 2013 or the previous Act 1956.
o The Indian Tech start-ups, MSMEs (Ministry of Small and Medium Enterprises), Companies, LLPs (Limited Liability Partnerships) registered in India under Companies Act can apply. The entity must have 51% or more shareholding with Indian citizen or person of Indian origin and should be domiciled in India. The applicant’s entity should not be a subsidiary company of any foreign corporation.
o Further to encourage participation from academia and industry, participating teams not mandatorily registered as Companies/ startups/ MSMEs/ LLPs can also apply for the Grand Challenge for Strengthening Border Security. However, the teams making it to the Stage-2, will be required to apply for registration as Indian Startups/ Company/ MSMEs/ LLPs. It will be expected that by the time of selection at the final stage, necessary registration has been completed.
• Also, the applicant would be required to furnish the proof of such registrations and necessary balance sheets.
• The applicant should have product in the market and existing customers. The scheme does not envisage supporting ideation stage start-ups.
For more information about this funding opportunity, please visit the official link given below.
Startups, Small and Medium Enterprises