DR. AMBEDKAR YOUNG ENTREPRENEURS LEAGUE

National level competition for soliciting applications under Dr. Ambedkar Social Innovation Incubation Mission (ASIIM)" for SC Youths with innovative ideas.

Ministry of Social Justice and Empowerment (MOSJE), Government of India (GOI) is working towards the development of Scheduled Castes (SC) population in the Country.

With the objective to promote entrepreneurship amongst the SC Youth, MOSJE, GOI has launched a scheme titled " Ambedkar Social Innovation Incubation Mission (ASIIM)" under the Venture Capital Fund for Scheduled Castes (VCF-SC). ASIIM aims to target/ identify 1,000 innovative ideas till 2024 through a synergic work with the Technology Business Incubators (TBIs), Atal Incubation Centres (AIC), Technology/Industrial parks, Science and Technology Parks of India (STPI) being promoted by Department of Science and Technology (DST) or other than DST, other Incubation centres supported by Govt of India and reputed private TBIs. The eligible initiatives of SC Youth will be considered for funding up to Rs.30 lakhs in a three-year period to be invested as equity in the companies promoted by the SC entrepreneurs.

For identifying SC Youth with support worthy innovative business ideas, IFCI Venture is organizing a national level competition for SC Youths by the name," DR. AMBEDKAR YOUNG ENTREPRENEURS LEAGUE (AYE LEAGUE)" in major cities, in coordination with Dalit Indian Chamber of Commerce and Industry (DICCI).

1. BRIEF OF “AYE LEAGUE”:

The Competition shall be conducted in 2 stages:

• Stage 1 -Screening Round: All SC applicants, 18 years and above age and working on some innovative business idea, may apply online for this competition. The online application form must be filled completely along with details of the project/innovation and a valid Scheduled Castes certificate. The applications shall be shortlisted by a distinguished Jury.Applications found eligible shall proceed to Stage 2.

• Stage 2 -Finale Round: This round shall be conducted in major cities in coordination with the respective Partner Institution through online/ physical mode as per the Covid 19 pandemic protocol. The shortlisted applicants of Stage 1 would be required to present their ideas before the selection panel/ Jury in Stage 2.The winners of Stage 2 shall be declared as the winners of AYE League and would be considered for funding upto Rs.30 lakh assistance to their Companies under ASIIM for a period of 3 years as per scheme guidelines.

The rewards for the winners of AYE League are as under:

• Equity Funding upto Rs.30 Lakhs under Ambedkar Social Innovation Incubation Mission.

• Access to an idea incubation ecosystem & mentorship

• Focused programs at premier institutes to accelerate your plans

• Mega Event - The winners of AYE League shall be felicitated for their innovative ideas in a Mega Event to be organized in New Delhi.