The Department of
Industrial Policy and Promotion (DIPP) and Qualcomm through its endeavor
speculation arm, Qualcomm Ventures, declared Thursday, the "QPrize Make in
India" challenge for new businesses, which will honor $350,000 (generally
Rs. 2.3 crores) in value speculation as prize cash to the triumphant startup.
The objective of the
challenge is to catalyze India's startup group to drive the whole esteem anchor
from development to making a neighborhood item plan and assembling biological
community fabricating in India, DIPP said.
New companies can
present their entrances to the challenge on the Make in India site, the last
date for submitting passages is February 12, 2016. DIPP will declare the
shortlist on February 15, 2016.
Shortlisted
organizations will be welcomed for the last pitch presentation amid the
terrific finale on February 18, 2016, which will be held at the Make in India
Center, MMRDA Grounds, Bandra - Kurla Complex.
"We are charmed to
report the QPrize Make in India challenge that will be a main thrust for Indian
business people adjusting to our Prime Minister Modi's vision for Startup India
and Make in India," said Amitabh Kant, Secretary, Department of Industrial
Policy and Promotion (DIPP), Ministry of Commerce and Industry, Government of
India in a press proclamation. "Other than the Rs. 2-Crore prize cash
through value speculation, they will acquire huge experience and backing to
sustain the new companies through their Qualcomm Ventures arm and Design in
India activities focused on towards making India a center for outline and
assembling," he included.
PM Narendra Modi will
introduce the Make in India Week, which will be held from February 13 to 18.
The legislature expects cooperation of more than 1,000 organizations and
representatives from more than 60 nations. The subject of the occasion will be
advancement, outline, and supportability.
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