Texas Instruments, along with Indian Institute of Management Bangalore (IIMB) and the Department of Science and Technology (DST), announced the India Innovation Challenge recently on mygov.in. The registration for the will end on September 30th, 2016.
The India Innovation Challenge is open to engineering students across all recognized institutes of India. This platform allows engineering students from colleges and universities across the country to 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. This contest aims to propel the government’s ‘Make in India’ initiative through student start-ups and contribute to the country’s manufacturing ecosystem.
Texas Instruments has been organizing Innovation Challenge since 2009. The last six editions of the contest have witnessed innovative and out-of-the-box thinking from participants to create cutting-edge solutions to real-world problems. 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).
TI will provide technical resources and guidance throughout the challenge, including tool support and mentoring to design, make prototypes and to create the final product. DST will provide funding of INR 3.5 crore to the student start-ups, which will go toward the product development fund of INR 1.5 crore and seed fund of INR 2 crore for the top teams to incubate their start-ups. The Challenge will be provided a platform through MyGov, which can reach out to large number of citizens.
These programs strive toward inculcating experiential learning amongst engineering students and help strengthen the education community as a whole. TI has seen great talent in the past six years through our design contests. The event proves to be a collaborative and resourceful platform to mentor young engineering minds, helping them incubate and build their start-ups in the manufacturing ecosystem,