Reward: 4.5 lakh INR (Consolidated)
Last Date to Enrol: 23rd Aug 2024 (at time of Launch)
Contest Background:
iTNT brings together a variety of skills to create vibrant, interdisciplinary teams at iTNT Innovation Challenges for startups and students of Tamil Nadu. They offer a community that encourages experimentation and creativity, together with mentorship, resources, and a safe space. Participants gain the tools and knowledge necessary to take on obstacles head-on through workshops and practice.
With the help of cutting-edge technologies, participants in the iTNT Innovation Challenges can solve challenges in the real world. Participants can take on a variety of problems and quickly prototype novel solutions that influence the course of history.
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Contest Benefits:
Participants with promising solutions will have the chance to pitch in front of iTNT Hub’s leadership network and gain visibility within the tech and innovation ecosystem.
Access mentorship and learning sessions from leading experts, guiding you through to the Demo Day, where you can showcase your project.
Benefit from incubation support at iTNT to help you develop and scale your innovative product or solution.
Seize the opportunity to create a positive societal and environmental impact through your innovative contributions.
Problem Statement Themes:
Climate Tech
Sustainability
Energy generation
Health care
Smart manufacturing
Fintech
Contest Topics:
Advanced Personalized Healthcare Using AI and IoT
Smart Manufacturing with AI-Driven Predictive Maintenance
AI and IoT for Real-Time Data Analysis and Decision Making
Smart Home/Village/City Automation for Energy Efficiency
Resource Consumption Reduction
Pollution Monitoring and Control
Sustainable Waste Management
Supply Chain Transparency and Efficiency
Circular Economy Practices
Contest Stages:
Stage 1: Idea Pitch
Objective
Evaluate the creativity, feasibility, and impact of the proposed ideas
Process
Submission: Participants submit a brief pitch of their idea, including:
Problem statement they are addressing.
Proposed solution overview.
Potential impact and benefits.
Basic implementation plan.
Evaluation Criteria:
Innovation (25%): How unique and creative is the idea?
Relevance (25%): How well does the idea address the specified problem statement?
Feasibility (25%): Is the proposed solution technically and practically achievable?
Impact (25%): What is the potential impact of the solution on the manufacturing domain?
Outcomes:
Selected teams proceed to the second stage based on their pitch evaluation scores.
Stage 2: Full Presentation
Objective
Assess the detailed project plan, including technical feasibility and end-to-end flow.
Process
Presentation: Selected teams present a comprehensive plan, covering:
Detailed problem analysis.
Complete solution architecture.
Implementation steps and timeline.
Technical specifications and requirements.
Risk analysis and mitigation strategies.
Expected outcomes and metrics for success.
Evaluation Criteria:
Technical Depth (30%): How well-developed is the technical plan? Are the chosen technologies appropriate?
End-to-End Flow (25%): Is the implementation plan comprehensive and logically structured?
Scalability (20%): Can the solution be scaled for larger applications or different scenarios?
Risk Management (15%): Are potential risks identified and addressed effectively?
Presentation Quality (10%): How clear and professional is the presentation?
Outcomes:
Based on their presentation evaluation scores, top-performing teams proceed to the final stage.
Stage 3: Product Development and Demonstration
Objective
Evaluate the practical implementation and functionality of the developed product.
Process
Development: Teams build their product based on their proposed solution.
Demonstration: Teams present and demonstrate their working product, highlighting:
How it addresses the problem.
Key features and functionalities.
Real-time performance and results.
Evaluation Criteria:
Functionality (30%): Does the product work as intended? Are all key features implemented?
Usability (20%): How user-friendly and intuitive is the product?
Innovation (20%): How innovative is the final product compared to existing solutions?
Technical Execution (20%) How well was the product built technically? Is it stable and reliable?
Impact and Potential (10%): What is the product's potential impact on the industry?
Outcomes:
Winners are chosen based on their scores in the final evaluation.
Contest Timeline:
Who can Apply:
The Challenge is open to all Tamil Nadu DPIIT-registered startups and professors from various institutions (“Subject Matter Experts”).
Preference would be given to innovative ideas for which patent has already been filed or can be filed in the future.
Rewards:
1.5 Lakh INR Each for top 3 Teams
.............INNOVATE TO WIN..............
For more details & to register for the contest:
Also Checkout!
Innovism 5.0 - Online National Level Symposium: https://www.projectcontest.com/post/innovism-5-0
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