ISO Certified Premium Startup Consultancy Company
ISO Certified Premium Startup Consultancy Company
Startup India along with Altair India announces the launch of the Grand Challenge Contest, targeted at the swiftly developing Indian Startup community (including individual innovators).
Today's products are complex involving multiple domains and physics. Startups concentrated on physical product design will meet a lot of time and cost pressures during the initial design stages. Usually, designs can go not according to the plan, when there is a rush to introduce the working model. Such startups can profit utilizing the power of simulation technology received by huge global OEM's, to aid and validate their product design, in this way decreasing time to arrive at the market.
Altair, a prominent technology and solutions provider for industries, is working with the vision of transforming design and decision making with the help of simulation, machine learning and optimization in every part of product lifecycles.
The Altair Grand Challenge is expected to help the Indian Startups in obtaining the following objectives:
(a) Help diminish the quantity of functional prototypes and lessen the time taken for improvement for companies associated with creating products.
(b) help viable utilization of Altair Data Science & IoT platforms alongside Simulation Model to make a Digital Twin of the product.
(c) help create algorithms linked to embedded systems for automotive applications.
Taking part in the 'Altair Grand Challenge’ will permit qualified startups to access to Altair Simulation, Data Sciences and Embedded technology to satisfy the above objectives for their products and access mentorship allowing by Altair Design & Simulation industry experts.
Detailed Eligibility Criteria
1. As defined and recognized by Department of Industrial Policy Promotion (DIPP), Ministry of Commerce and Industry, Government of India as well as startups are those who are registered on the startup India platform.
2. Any Indian company incorporated under the Companies Act 1956/2013, fundamentally a Micro, Small and Medium Enterprises (MSME) as defined in the MSME Act, 2006.
It is required that these challenges are taken up utilizing Altair Technologies.
About Startup India:
Startup India is one of the most favourite ambition of the Government of India, planned to catalyse startup culture and build a solid and inclusive ecosystem for innovation and entrepreneurship in India. Announced on 16th January 2016, which aims to drive sustainable economic growth, generate large scale employment opportunities and empower Startups to develop through innovation and design.
About Altair
Altair is a global technology company that gives the opportunity of software and cloud solutions in product development, high performance computing (HPC) and data intelligence.
Incentives
Fiscal Incentives
Top 5 winners will stand an opportunity to win an absolute cash prize worth of INR 7,75,000.
|
Rank |
Prize money |
|
1st Prize |
Rs 2,50,000 |
|
2nd Prize |
Rs 2,00,000 |
|
3rd Prize |
Rs 1,50,000 |
|
4th Prize |
Rs 1,00,000 |
|
5th Prize |
Rs 75,000 |
Non-Fiscal Incentives
1. Access to Altair technology for chosen entries. Altair technology alludes to the various simulation technologies that Altair offers to its customers around the world. Please visit https://www.altair.com/product-showcase to find out additional.
2. For chosen entries there will be a facility of Access to mentors during design to testing phase. Duration of mentorship will be from first week of April to 30 June 2020. Mentorship hours will be 10 hours out of each month for every one of the 50 sections selected.
3. Access to Altair Forums to boost the visibility for winners. This is akin to market connect. Over the past 18 years, the Altair Technology Conference - ATC has grown to become a premier forum for networking, learning and sharing experiences in design, engineering, and high-performance computing. Altair also manages CXO events and other focused events in which they invited a few startups over the years to promote their products.
Procedure Post Submission
|
Particulars |
Date |
|
Applications closing date |
7th March 2020 |
|
Announcing top 150 applicants |
16th March 2020 |
|
Announcing top 50 applicants |
30th March 2020 |
|
Access to technology |
from 01st April 2020 |
|
Top 5 Winners |
06th July 2020 |
The NeuSource Startup Minds official the best Business Startup Consultant offer services like Proprietorship Firm Registration, Partnership Firm Registration, OPC Registration, GST Registration, LLP Registration, Trademark registration
27 Feb
"Satisfied consistency in compliance leads to a healthy business.” Neusource luxuriates in furnishing all the compliances with the right way which helps you to grow with your business. If you have a zeal to build up your startups and you want to make it big then neusource is the perfect choice for your business
