The Open Innovation Challenge of IIGP 2.0 aims at enabling individual innovators and startups in India to develop technology-based solutions that have the potential to drive lasting social impact or industrial transformation. This year, the Open Innovation Challenge saw overwhelming participation from the technology community – with compelling solutions for India’s development sector challenges, and specific solutions for the industrial sector. From a pool of 2500+ applications, the top 50 teams (25: social, 25: industrial) have been shortlisted, and will advance to the next stage.
The 25 social sector teams have been shortlisted for innovations in the key sectors of agriculture and rural Livelihoods, clean energy, affordable healthcare, safe drinking water, sanitation and waste management, among others. The 25 industrial sector teams represent innovations in data analytics, Internet of Things, cyber security, energy and power technology, etc.
India’s budding culture of innovation and entrepreneurship is reflected in the fact that the shortlisted teams this year not only represent companies from Tier I cities of New Delhi, Mumbai, Bangalore, Chennai, and Hyderabad but also Tier II and Tier III cities of Jodhpur, Ernakulam, Indore, Ghaziabad, Patiala, Thane, Rajkot, Ahmedabad, Pune, Varanasi, Faridabad, North 24 Parganas, Bhubaneswar, Pondicherry, Gandhinagar, Gurgaon, Poonch, and Kollam. The IIGP 2.0 provides a platform for India’s growing entrepreneurial economy to take their ideas into the global marketplace by providing incubation support, business development assistance, and teaching excellent commercialization strategies; in addition to the financial grants.
The top 50 teams were shortlisted through an evaluation process based on predefined parameters including problem identification, relevance of the solution to the identified problem, innovation impact, financial sustainability and operational scalability of the business model, roadmap, leadership, and unique value proposition of the product/service being offered as a solution. Additionally, the scale of social impact (for social innovations) and market advantage (for industrial innovations) were considered.
The shortlisted teams now receive an opportunity to participate in a rigorous week-long bootcamp at IIM Ahmedabad. Up to 16 top teams will be selected as winners of the IIGP 2.0 Open Innovation Challenge at an Innovators Competition from 1-2 August 2018 in New Delhi.
We will shortly announce the winners of the IIGP 2.0 University Challenge. Stay tuned for the update, and feel free to reach out to us at firstname.lastname@example.org for any queries.