These challenges shall be for encouraging early-stage and pre-incubated inventions along lines of AI4ICPS, providing them quarterly residential support, training in respect of creating the minimum viable product (MVP) at TRL3, and creating a business model around the product. The Top-5 ideas per quarter shall be financially supported with a product creation grant for scaling their MVP to TRL3. A final competition between each of the Top-5 per quarter shall select the finalist to be funded to
support their MVP scaling of TRL3 to TRL4. This shall be able to support every year 20 such ideas at TRL3 ready MVP and 4 ideas at TRL4. Over the period of 5 years, this shall be able to support 20 ideas to TRL4. The participants shall be able to apply for other support programs as well, but not participate in any more than one program at a given time. It is anticipated that winners
subsequently onboard CPS-PRAYAS.
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