STPI Launches LEAP AHEAD 2nd Edition at Indian Mobile Congress 2024
Building on the success of its inaugural edition, the Software Technology Parks of India (STPI) launched the LEAP AHEAD 2nd Edition at the Indian Mobile Congress 2024 in New Delhi. The initiative was launched by Shri K. K. Singh, Joint Secretary, Ministry of Electronics & Information Technology (MeitY) and Shri Arvind Kumar, Director General, STPI; Dr. Rasappa Viswanathan, Director, ICAR Indian Institute of Sugarcane Research; Shri Pradeep Gupta, Chairman & Managing Director, CyberMedia and Board Member, TiE Delhi-NCR; and Shri Roshan Lal Tamak, Executive Director & CEO, DCM Shriram Ltd, Dr. Sanjay Gupta, Senior Director, STPI; Shri Subodh Sachan, Director, STPI.
Following the impactful success of the LEAP AHEAD 1st Edition, which anchored young entrepreneurs and tech startups, the second edition promises to revolutionize tech startups in scaling, product diversification, and regional expansion. With up to ₹1 Crore in funding support, the program includes a comprehensive three-month mentorship program offering a mix of virtual and in-person sessions. Startups will also gain access to a vast network and tailored one-on-one mentorship from seasoned investors and industry leaders.
Reflecting on the future of tech startups in India, Shri Pradeep Gupta, Chairman & Managing Director, CyberMedia, and Board Member, TiE Delhi-NCR, spoke about the essential components for startup success, “LEAP AHEAD 2 will give wings to the next generation of startups, offering them the crucial 3M’s – Mentorship, Money, and Market. As the telecom sector presents vast opportunities with the arrival of 5G and, in the future, 6G, STPI’s Centres of Entrepreneurship will help drive India’s aspirational entrepreneurs to reach their full potential.”
Shri Roshan Lal Tamak, Executive Director & CEO, DCM Shriram Ltd stressed on the importance of leveraging technology for the right estimation of time of maturity of crops and right information. Further elaborating on the growing Agri-Tech startup ecosystem in India, Dr. Rasappa Viswanathan, Director, ICAR Indian Institute of Sugarcane Research said, “Indian startups have risen to solve long-standing challenges in India’s agricultural sector. The LEAP AHEAD 2 initiative will greatly improve the working conditions of farmers, especially in North India.”
Sharing his insights, Shri K. K. Singh, Joint Secretary, MeitY, highlighted the program’s focus on driving business growth and global connections for startups, “Startups excel in product development, but business development needs greater emphasis. Innovation thrives with the right mentorship and strategic incubation. The LEAP AHEAD initiative will empower startups by focusing on business growth, venture connections, international collaborations, and IP filings. Technology can revolutionize sectors like agriculture, and we must shift our focus from generating grants to empowering startups to succeed independently.”
Shri Arvind Kumar, Director General, STPI, expressed his enthusiasm for the initiative and shared his wisdom, “The need of the hour is to create a system, where we have a pool of real investors. An initiative like LEAP AHEAD is a step towards it. In the first edition of LEAP AHEAD, three startups have bagged commitment leads from global investor in the TiE Silicon Valley event and 47 others from the programme will get investment from other investors. So, all these achievements led us to launch LEAP AHEAD 2nd edition. STPI fosters opportunities for tech startups across different sectors, where innovations in MedTech find applications in Defence, and FinTech supports the growth of Agri-Tech. One of the most promising emerging sectors is electronic manufacturing, and LEAP AHEAD 2 will focus on empowering this domain. By creating new avenues for growth, particularly in Tier-2 and Tier-3 cities, we are building a vibrant startup ecosystem. Through market access, mentorship, and co-investment opportunities, we aim to nurture talent across India, ensuring they flourish in the nation’s evolving technological landscape.”
During the event, STPI declared the winners of the Smart Farm Grant Challenge Program, focused on identifying impactful solutions to address key problem statements related to sugarcane harvesting. The Recognition and Award Ceremony, celebrating India’s best Agri-Tech startups for their groundbreaking contributions to smart farming innovations, saw M/s. Satyukt Analytics Pvt. Ltd from Karnataka selected as the final winner of this Smart Farm Grant Challenge, wherein MeitY has provided INR 50 Lakhs as the Product Development Grant. M/s. Satyukt Analytics Pvt. Ltd will be provided further support of INR 10 lakhs per year for next 2 years towards Operation & Maintenance of the solution for the Government and dissemination advisory to farmers.
The event also featured a video presentation showcasing the launch of Electropreneur Park 2.0, a collaboration between MeitY and STPI that promotes emerging startups in the Electronics System Design & Manufacturing (ESDM) sector. The launch was followed by two pivotal panel discussions on Seeding Success: Investment Insights into startups supported through LEAP AHEAD, and Leveraging Ecosystem: Networking Opportunities created through LEAP AHEAD. Esteemed panellists from the industry shared insights with young entrepreneurs in the audience. The event also served as a platform for invaluable networking, connecting entrepreneurs with peers, potential investors, and influential thought leaders within the entrepreneurial ecosystem.
