Following a rigorous weeklong bootcamp at IIM Ahmedabad, the 50 finalists of the IIGP 2.0 Open Innovation Challenge 2018 presented their innovations to an expert jury panel at an Innovators Competition on 1-2 August 2018 in New Delhi. The 4 top teams from the previous year’s University Challenge also competed alongside the 50 finalists. Based on their performance, the jury panel comprising of industry experts and IIGP 2.0 stakeholders announced 16 teams (8:social, 8:industrial) as winners of the Open Innovation Challenge 2018. The winners of both the University Challenge and Open Innovation Challenge 2018 were felicitated at a grand awards ceremony in New Delhi on 2nd August 2018 where Prof. Ashutosh Sharma, Secretary, Department of Science and Technology (DST) graced the ceremony as the chief guest.
Prior to the main awards ceremony, key leaders from the Indian entrepreneurship ecosystem were brought together on the same platform for a panel discussion on “Innovation and Start-up Ecosystem in India”. Mr. Anand Sudarshan, Chair, FICCI Start-up Committee & Founder, Sylvant Advisors chaired the esteemed panel, which included panelists such as:
- Mr. Ramesh Abhishek, Secretary, Department of Industrial Policy and Promotion (DIPP), Govt. of India
- Mr. Harkesh Mittal, Adviser, Member Secretary National Science & Technology Entrepreneurship Development Board (NSTEDB), Department of Science and Technology, Govt. of India
- Mr. Ganesh Neelam, Executive Director – CINI, Associate Director, Tata Trusts and Director, Social Alpha
- Dr. Robie Samanta Roy, Vice President, Technology and Innovation, Lockheed Martin Corporation
- Mr. Deepak Bagla, Managing Director and CEO, Invest India
- Ms. Anna Roy, Adviser (DM&A, Industry), NITI Aayog
The Open Innovation Challenge of IIGP 2.0 aims to enhance the growth and development of India’s entrepreneurial economy by training innovators in world-class commercialization strategies, offering support for incubation and assist in business development, ultimately taking innovative Indian technologies to the global marketplace. This year’s winners represent start-up businesses with outstanding innovations that have the potential to generate economic and social value for the nation.
In addition to the grant funding of INR 25 Lacs each awarded to the winners, the IIGP 2.0 will continue to nurture their innovations through opportunities for participation at demo days and international exposure visits amongst other non-financial benefits.