2016 India Innovation Challenge on mygov.in portal is opened for registration. The challenge is conducted by Indian Institute of Management Bangalore (IIMB) and the Department of Science and Technology, Government of India along with Texas Instruments Incorporated (TI). Registration for the challenge will close on September 30, 2016. It is open to engineering students from all recognized institutes across India. Where they can display their ideas and concepts that have the potential to solve pressing problems across various sectors and to help bring positive change to the lives of millions of people.
Student powered start-ups are given the opportunity to be part of Government's 'Make in India' initiative through this contest. For the process of developing the product by the student start-ups, the Department of Science and Technology (DST) will be providing fund of Rupees 3.5 crore. In which Rupees 1.5 crore will go towards product development and the fund of Rupees 2 crore to the top teams to develop their start-ups. The challenge will be opened to a large number of citizens through MyGov.
The challenge, which lasts for ten months, will include the top teams who will be able to get their start-ups incubated at IIMB’s reputed incubation center, the Nadathur S. Raghavan Centre for Entrepreneurial Learning (NSRCEL)
Technical materials and guidance will be provided by Texas Instruments throughout the challenge. Tool support and mentoring to design as well as make prototypes and to create the final product is also provided.
"MyGov is excited to partner with DST and TI India to help bring talented minds to one platform and be part of mentoring sessions with IIMB and DST to encourage government's Make in India program. MyGov will help connecting with the best minds from the engineering colleges across India to present their start-up ideas and help them make their dreams to reality by nurturing the best idea that has the potential to bring a change in the lives of millions" said by Mr. Gaurav Dwivedi, CEO, MyGov.
"IIMB sees an exciting opportunity through this collaboration with TI on the Innovation Challenge by coming across unique entrepreneurial ideas from the best talents of the country and helping them incubate the ideas and transform them into successful enterprises. We would like to welcome the students to register and experience the entire process of helping them make their dream a reality." said Professor Suresh Bhagavatula, Chairperson, Entrepreneurial Ecosystem Development, at IIM Bangalore.
Mr. H.K. Mittal, Advisor and Head, NSTEDB, DST, GOI said, "DST plays a pivotal role in promoting science and technology in the country. Collaborating with TI and its India Innovation Challenge provides tremendous thrust to the development of technology among young engineering students. With IIMB offering their expertise with business mentoring and incubation support, we aim to take another step forward to encourage students, to bring fresh ideas, solutions to one table. Considering the association with MyGov will also help take the challenge to next level".