ONDC announces ‘Build for Bharat’ initiative for startups
The Open Network for Digital Commerce (ONDC), in collaboration with Google Cloud India, Antler in India, Paytm, Protean and Startup India has announced 'Build for Bharat' initiative.
- The initiative aims to tackle diverse challenges in digital commerce, promoting industry innovation to develop practical solutions in this space.
- ‘Build for Bharat’intends to tap into India’s technological and entrepreneurial potential with an expected participation of 200K+ participants representing startups, companies and colleges.
Key Categories of the Initiative:
- NextGen Ventures (Category 1): Focuses on propelling venture creation on ONDC, providing a pathway for aspiring founders and early-stage teams to raise capital, launch, and scale companies. Winners in this category stand to gain exclusive opportunities, mentorship, and equity-free grants.
- Scalable Solutions (Category 2): Invites participation from organizations and individuals with a focus on addressing friction points faced by Network Participants (NPs) on the ONDC platform.
- Foundation Solutions (Category 3): Designed for college students over 18 years of age, aiming to identify proof of concept for the friction points faced by NPs.
Prizes and Collaborations:
- Category 1 winners stand to gain exclusive opportunities from Antler in India, mentorship from industry leaders, and equity-free grants of up to 5 crore rupees ($600,000).
- Category 2 and 3 winners will receive Cloud credits from Google Cloud India to foster further innovation in their projects.
By: Brijesh Kumar ProfileResourcesReport error