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IIT Madras-HTIC MedTech Incubator is a Satellite Centre for Augmenting WAR with COVID-19 Health Crisis (CAWACH)

The Centre for Augmenting WAR with COVID-19 Health Crisis (CAWACH) is an initiative by National Science & Technology Entrepreneurship Development Board (NSTEDB), Department of Science and Technology (DST), Government of India.

CAWACH supports  innovations in the areas of diagnostics, devices, informatics including bio-informatics &  information management systems, any intervention for the control of COVID-19 and/or startup ideas to address/mitigate various challenges faced by the country / society due to the severe impact of COVID-19.

Who Can Apply

Eligibility Criteria

  1. Less than 7 years in existence
  2. The startup should have DIPP recognition with Startup India, In case the startup does not have DIPP recognition while applying in the CAWACH program, the startup should ensure DIPP recognition before availing of funding under the CAWACH program
  3. Should have qualified team in place
  4. Preferably at revenue stage or has raised fund earlier
  5. Preferably to have already deployed or ready to deploy product within a few of weeks
  6. Startups which are not incubated at any Incubation centres will have to associate with one of the Satellite or Affiliate centre for the entire project duration. The startup is required to give an undertaking on the same while submitting the application form.
  7. List of documents to be submitted by the startup while filing the application form
    • Company Registration certificates
    • GST registration certificate
    • Constitution documents – Memorandum of Association and Article of Association.
    • KYC of promoters – Aadhar card and PAN Card
    • Annual report for previous 3 years
    • Bank statements for 6 months
    • Shareholding pattern
    • Proof of business address
    • Reference from an established incubator or institution

Quantum of Funding:

  • Rs 50 lakhs to Rs 200 lakhs per startup.

Mode of Funding:

  • Returnable grants / soft loans or conditional grants or combination thereof.
  • Soft loan / grant amount to be repaid / returned by the startups in 3-5 years.

Selection & Funding Process:

  • Initial Scrutiny of application
  • Selected applications will be evaluated by high-level technical and industry experts committee
  • Shortlisted applicants shall make a presentation (online or in person) before the CAWACH-Investment Committee
  • Preference to be given to the companies who can fast deploy their solutions at scale.
  • Selected companies which are not incubated with any incubation centre will mandatorily be required to be affiliated with any of main, satellite or affiliate centres (refer list of centres) at no additional incubation cost.

Application submitted by 15 APR 2020 will be taken up for support on priority in first batch

To Apply or Get More Details – https://isba.in/cawach/