The Arunachal Pradesh Entrepreneurship Challenge (APEC), launched by the Department of Finance, Investment, and Planning, is the first part of the APEDP. This challenge was unveiled on the occasion of the 74th Independence Day and focuses on identifying, promoting, supporting, and nurturing locally relevant and sustainable business ideas.
- Incubation and Pre-Incubation Support: After a rigorous evaluation, 50 top entrepreneurs will be selected for incubation and pre-incubation programs facilitated by IIM Calcutta Innovation Park.
- Awards:
- The top 10 entrepreneurs will receive financial support of up to ₹5,00,000.
- The next 40 entrepreneurs will receive up to ₹4,00,000.
Benefits
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Financial Support:
- Top 50 entrepreneurs will be selected for the Incubation and Pre-Incubation programs.
- Top 10 entrepreneurs will receive a grant of up to ₹5 lakhs.
- The next 40 entrepreneurs will receive a grant of up to ₹4 lakhs.
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Government Support:
- Entrepreneurs will be eligible to avail of various Government Support Schemes, Grants, Soft Loans, and Pilot Opportunities.
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Training & Mentorship:
- Training and mentorship support will be provided through pre-incubation, incubation programs, and funding opportunities conducted by IIM Calcutta Innovation Park.
Eligibility
Exclusions
- The business must not be an expansion or extension of an existing business (Including a Family Business)
- The plan/venture should not belong to the following industries: Alcohol, Tobacco, Gambling, Firearms & Explosives.
Application Process
Online
Documents Required
- Applicant Photograph Passport Size (PNG).
- Aadhaar Card PDF (Both Sides).
- Domicile Certificate (PDF).
- Proposed Project Proposal (PDF).
- Proof of Concept or early-stage revenue generation of products/services to upscale their ventures further.
Frequently Asked Questions
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What is the goal of launching this program? The goal is to promote entrepreneurship in Arunachal Pradesh, address local challenges, and provide aspiring entrepreneurs with the support they need to succeed.
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Is it necessary to have a domicile of Arunachal Pradesh to apply for the program? Yes, the applicant must be a resident of Arunachal Pradesh, or they must plan to set up their business in the state.
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Who is the target audience for this program? The program targets aspiring entrepreneurs in Arunachal Pradesh who have a promising business idea, prototype, or model and are interested in establishing a business.
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Who cannot apply for the program? Applicants whose businesses are an extension or expansion of existing businesses (including family businesses) and those in industries such as alcohol, tobacco, gambling, firearms, and explosives are not eligible.