Arunachal Pradesh Entrepreneurship Challenge Overview: Learn about the Arunachal Pradesh Entrepreneurship Challenge, including benefits, eligibility, application process, and required documents.
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Important Details – Arunachal Pradesh Entrepreneurship Challenge
| Program | Details |
|---|---|
| Program Name | Arunachal Pradesh Entrepreneurship Challenge (APEC) |
| Launched By | Department of Finance, Investment and Planning |
| Part of | Arunachal Pradesh Entrepreneurship Development Programme (APEDP) |
Benefits of the Arunachal Pradesh Entrepreneurship Challenge
| Benefit | Description |
|---|---|
| Financial Support | Top 50 entrepreneurs will get Incubation and Pre-Incubation support. The top 10 will be awarded up to ₹5,00,000, and the next 40 will receive up to ₹4,00,000. |
| Government Support | Eligibility for various Government Support Schemes, Grants, Soft Loans & Pilot Opportunities. |
| Training & Mentorship | Access to training and mentorship through IIM Calcutta Innovation Park (IIMCP) for pre-incubation, incubation, and funding. |
Eligibility Criteria
| Requirement | Description |
|---|---|
| Residence | Must be a resident of Arunachal Pradesh or someone who wishes to return and start a business in Arunachal Pradesh. |
| Business Idea | Must have a business idea, plan, or prototype/working model. |
| Skills | Good communication skills are required. |
| Business Age | Early-stage ventures set up on or after 15 August 2015. |
| Registration | Must be an MSME-registered enterprise. |
| Education | College graduate. |
| Employment Status | Self-employed in innovative businesses or part of organized producer groups. |
Exclusions
The following are not eligible for the challenge:
- Expansion or extension of an existing business (including family businesses).
- Industries such as Alcohol, Tobacco, Gambling, Firearms, and Explosives.
Application Process
Follow these steps to apply for the Arunachal Pradesh Entrepreneurship Challenge:
- Visit the official Arunachal Pradesh Startup Portal website.
- Click on “Register Now” to go to the registration page.
- Fill in your basic details including Name, Contact Number, Email Address, and Password. Click “Sign Up.”
- Check your email for a confirmation link and log in.
- Log in with your email ID and Password to access the application form.
- Complete the form by answering all required questions and providing detailed information.
- Save as draft if needed or click “Submit” to finalize your application.
Documents Required
Ensure you have the following documents ready:
| Document | Format |
|---|---|
| Photograph | Passport Size (PNG) |
| Aadhaar Card | PDF (Both Sides) |
| Domicile Certificate | |
| Project Proposal | |
| Proof of Concept | PDF (Early-stage revenue generation proof) |
FAQs about Arunachal Pradesh Entrepreneurship Challenge
| Question | Answer |
|---|---|
| What is the Arunachal Pradesh Entrepreneurship Challenge? | The challenge aims to identify and support local business ideas and entrepreneurs in Arunachal Pradesh. |
| Who can apply for this challenge? | Residents of Arunachal Pradesh or those looking to start a business in the state, who meet specific eligibility criteria. |
| What are the benefits for selected entrepreneurs? | Financial awards, training, and mentorship through IIM Calcutta Innovation Park. |
| What documents are needed for the application? | Photograph, Aadhaar card, domicile certificate, project proposal, and proof of concept. |
| Are there any exclusions for the challenge? | Yes, businesses related to alcohol, tobacco, gambling, firearms, and explosives are excluded. |
| How do I apply for the challenge? | Apply online through the official Arunachal Pradesh Startup Portal by registering and submitting the required form and documents. |
Tags: Arunachal Pradesh, Arunachal Pradesh Entrepreneurship Challenge