Calling all student innovators, thinkers and makers of the country to join the revolution! Give your ideas a jump-start by sculpting your innovation with technical support from Texas Instruments, business mentorship & incubation from the best minds of the country – IIM Bangalore and seed funding of INR 2 Crores and product development fund of INR 1.5 crores from the Department of Science and Technology (DST).
This contest is for students from Indian engineering colleges who have a dream to create something new, aspire to make a difference and contribute to India’s success towards becoming an innovation hub.
Here’s how it works:
With TI’s collaboration with DST and IIMB, the India Innovation Challenge allows engineering students to join an ecosystem encompassing government, academia and industry. This ecosystem will provide support to students as they begin to explore innovative ideas. Some of this support includes:
- Tools: TI tools worth INR 13,000 ($200 USD) to implement their idea
- Technical Guidance: Access to technical resources on TI.com and direct access to engineers through the Engineer-to-Engineer (E2E) forum
- Business Mentoring: IIMB, with its immense experience in business and marketing, will guide teams to transform the best ideas from the contest into successful enterprises
- Funding: DST will provide a seed fund of INR 2Crores ($300,000 USD) and product development fund of 1.5 Crores ($220,000 USD) to be distributed among the top teams of the contest
- Cash Prizes: INR 50Lakhs ($75,000 USD) worth of prizes to be won in the contest
The best part: the new TI Innovation Challenge in India offers these resources to all students who participate in the contest, which last year, totaled to 11,000 Indian students from 650 engineering colleges. The contest helps students get started in a competitive marketplace, providing the training wheels most entrepreneurs do not have the luxury of getting before going to market with their idea.
Once students have submitted their ideas for the competition by September 30, 2016, the teams will be evaluated against the qualifying round criteria and select teams will receive TI tools worth $200 USD to implement their idea. The top 10 teams from the contest will enter the IIMB’s reputed incubation center, the Nadathur S. Raghavan Centre for Entrepreneurial Learning. This center will offer the teams two years of mentoring to develop their business.
If you have an innovative idea, a dream to create something new, and the ambition to make a difference, then we invite you to participate in the India Innovation Challenge 2016.