» The Plugin program provides incubation support for hardware & system startups with a focus on moving from proof of concept to final product that can be taken to market.Proof-of-concept or Minimum Viable Product must be ready.
» The startups would have the option of choosing from a range of ingredient products & technologies that are available from Intel under this incubation program.
» Promoters of hardware systems-based startups, including but not limited in the areas of electronics product, IoT, Embedded Product systems, Design, Computing, etc. which broadly fall under the category of electronics sector. These could be in domains such as MedTech, SMART Cities, Automobiles, CleanTech, Industrial IoT, Consumer IoT, and other relevant technology areas.
» Preference will be given to incorporated startups at the time of admission. Teams can also apply; a selected team would need to form a private limited company to avail funding and other support.
» Applicants are required to be Indian resident nationals at least 18 years of age on 1st of August, 2016.
What are the program benefits?
» Upfront cash support of 10 lakhs per company. Teams admitted to the program will have incorporate a Pvt. Ltd. to avail funding.
» In addition, an additional 10 lakhs of equity/convertible equity funding will be offered to each team during the program, given satisfactory performance of the team.
» The final distribution pattern of financing support will be decided by the executive council formed by representatives of Intel, SINE, & DST, after review of applications and ongoing monitoring of progress.
Infrastructure & Equipment:
» The companies will get access to Intel India Maker Lab in Bengaluru & SINE facilities in Mumbai.
» Hardware & software development kits, reference boards, design collaterals, test & debugging equipment to be provided free-of-cost to all participants.
» Technical support will be made available for the design, development, testing & certification of the hardware & system products of the startup.