Texas Instruments and Ministry of Science and Technology announce India Innovation Challenge Design Contest(IICDC) 2018offering INR 8.2 Crore asStart-up funding,Stipend, Tools and Prizes for Indian Engineering Students
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Texas
Instruments and Ministry of Science and Technology announce India Innovation
Challenge Design Contest(IICDC) 2018offering INR 8.2 Crore asStart-up funding,Stipend,
Tools and Prizes for Indian Engineering Students
- INR 3.5Cr to be allocated asstart-upfunds, INR 3.5Cr
as stipend andINR 1.2 Cr worth of toolsand prizes
- Opportunityfor Indian engineering students to
earn 15,000+ certificates
- Top ten start-ups
will be incubated by NSRCEL at IIMBangalore
India, Bangalore, June 2018: Texas Instruments (TI) today announced the upcoming edition of DST
- TI India Innovation Challenge Design Contest (IICDC)which opens for
registration from June 20, 2018till Aug31,2018.
A dedicated TI-IICDC page was launched on MyGov portal byDr. Anita Gupta, Advisor and Associate Head-NSTEDB,
Department of Science and Technology, Professor Suresh Bhagavatula Chairperson,
NSRCEL, IIMBand Mr. Sanjay Srivastava, Director, Texas Instruments India
University Program at IIM Bangalore today. Students can
register their innovative ideas and participate in the contest through this
link:https://innovate.mygov.in/india-innovation-challenge-design-contest-2018/ .The Ministry of Science and Technology (DST)and
Texas Instruments extend support tothe qualifying teams with a fund of INR 8.2crore,
which marks a significant increase from INR 4.14 crore as compared to the previous
editions. This edition also provides the opportunity for the Indian engineering
students to earn 15,000+ certificates across various stages of the contest.
DST-TI IICDC, which is in its thirdedition, has undergone a remarkable
change to beone amongst the most popular innovation contests forIndian
engineering students and colleges. In the 2017 edition, 15,380 engineering
students from 965 colleges participated,a 43% growth versus 2016. The
uniqueness of this contest lies in the partnerships and collaborations that TI
has built to create a complete innovation ecosystem for the participants.
“With the launch ofDST-TIIICDC we plugged a stark gap
which existed in the ecosystem for Indian engineering students to venture into
entrepreneurship with the right support structure. While all teams aim to win, it
is the journey of transforming an idea to realitythat students value the most. Theyalso acquire immense learning,with rewards
along the way,being mentored by leading minds from TI including networking with
other student engineers, and winning several cash prizes and certificates. Our
attempt is to create an immersive ecosystem for innovation that challenges
students every step of the way,” says Sanjay Srivastava, Director,
TI India University Program.
IIM Bangalore’s NS Raghavan Centre for Entrepreneurial Learning (NSRCEL)
will help incubate the winning teams and support them in the launch of their
venture.
Professor Suresh Bhagavatula,
Chair, NSRCEL at IIMB, said, “The
collaboration with TI and DST is an exciting opportunity because we are sure to
come across unique entrepreneurial ideas and can help transform these ideas
into successful enterprises. At NSRCEL, we are happy to provide mentoring for
students who want to address critical problems through their innovations.”
The DST-TI IICDC brings together the best from each partnering
organizations. The Ministry of Science and Technology supports the young,
aspiring entrepreneurs with funding for their start-ups. MyGov, the government’s online portal reaches out to its fivemillion
subscribers for participation. National Informatics Centre provides web
infrastructure for submission and evaluation of their start-ups
TI spearheads this massive operation of the contest along with providing
technical guidance and mentorship, free TI tools worth up to INR 70Lacs, INR 50Lacs
prizes and 15,000+ certificates to the participants.
Sanjay further added, “In the past editions of the contest,manycutting-edge
ideashave come fromengineering colleges in Tier II and Tier III cities. This is
the magic of IICDC. We’ve unearthed
brilliant engineers with high impact, transformative ideas and provided a platform
to realise their dreams.”
Dr. Harkesh Kumar Mittal, Advisor, Ministry
of Science and Technology, said, “With the vision to promote research and
development of cutting edge technologies in the country, we are happy to
partner with TI which helps in bringing together the best of the talents to a
common platform and help them work on leading edge technologies. This will
encourage students to engineer innovative solutions that bring socio-economic
changes. We were able to see immense potential in IICDC with the increasing
number of students registering every year. Our responsibility grows as partners
to extend our support with more unique offerings year-on-year.”
Dr. Arvind Gupta, CEO, MyGov,
said, “With its enormous ability to bring more than 6 million
citizens to partner with Government, MyGov is excited to partner with DST and
TI towards bringing new generation of budding engineers to strengthen the innovation
index of our country. It will also help MyGov to play a stellar role in
developing, supporting and spreading the digital ecosystem of India and
enabling the millennials to lead a new dawn of Digital revolution in the
country”.
About Texas
Instruments:Texas
Instruments Incorporated (TI) is a global semiconductor design and
manufacturing company that develops analog ICs and embedded processors. By
employing the world's brightest minds, TI creates innovations that shape the
future of technology. TI is helping approximately 100,000 customers
transform the future, today. Learn more at www.ti.com. For more information on the
global TI university program, visit www.ti.com/university.
About IIMB and
NSRCEL:Indian Institute of
Management Bangalore (IIMB) builds leaders and entrepreneurs through holistic,
transformative and innovative education. An EQUIS accredit school, IIMB is an
acknowledged hub of academic activity in India and globally. The NS Raghavan Centre
for Entrepreneurial Learning (NSRCEL) at IIMB incubates start-ups and provides
free mentoring for budding entrepreneurs. NSRCEL currently incubates 42
start-ups – perhaps the largest number for an incubation center in an academic
institution. In 2017-18, NSRCEL
conducted over 2300 mentoring sessions and 80 events. Through its rapidly
growing open mentoring initiatives, it is conservatively estimated that NSRCEL
may have directly impacted in excess of 10,000 entrepreneurs, aspiring
entrepreneurs or other participants in the ecosystem since it was established
in 2000.
About DST:The Department of Science and
Technology (DST) set up in 1971 by the Government of India plays a pivotal role
in promotion of science & technology in the country. The department has
wide ranging activities ranging from promoting high end basic research and
development of cutting edge technologies on one hand to service the
technological requirements of the common man through development of appropriate
skills and technologies on the other. One of the mandates of DST is to support
innovations, science and technology based entrepreneurship development and
technology business incubation activity through National Science and Technology
Entrepreneurship Development Board (https://www.nstedb.com/). The board engages
with academic and R&D institutions and also partners with leading
industries to promote entrepreneurship across the country.
About MyGov: MyGov is a novel initiative
taken by the Government of India to build a crucial partnership between
Citizens and Government with the help of technology for materialising the real
potential of India. Through this platform, the Government encourages public participation
towards Good Governance by seeking ideas, suggestion and creative talent of
citizens. MyGov’s focus is to empower
citizens to work hand in hand with government to channelize their collective
energy into constructive nation building. National Informatics Centre (NIC)
under the Ministry of Electronics and Information Technology (MeitY) has
designed, developed and hosted the MyGov and twenty (20) of its Sub-Domains.
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