Technology major Intel has tied up with Department of Science and Technology to give a boost to innovation and entrepreneurship in India through the Innovate for Digital India Challenge. The challenge, for which registration closes on June 22, aims to create a culture of innovation in India and help build solutions that can address Indian problems.
Debjani Ghosh Vice President, Sales and Marketing Group, Managing Director, South Asia says this is not just any other idea challenge and the shortlisted participants with be mentored Intel experts and put through a rigorous accelerator environment so that in the end there are at least 10 market-ready products.
“Our goal is to drive overall tech adoption in India. Even as broadband and device numbers are growing, the quality of usage is still very low in our country and we lag behind most other countries there too. To drive adoption in a meaningful, sustainbale way we cannot just focus on increasing on sales. We have to focus on usage that is relevant for people. Only then will it be a sustainable and exponential growth that is desperately needed in the market,” Ghosh told IndianExpress.com.
To participate in the challenge, candidates must log on to innovatefordigitalindia.intel.in or innovate.mygov.in register their projects. Once shortlisted, they will be trained in technical know-how and provided access to product kits and infrastructure and multiple commercialisation opportunities.
While total grant worth Rs 1.5 crores will be given to participants, the top three will get access to seed funds of Rs 20 lakh each.
The challenge has been designed in collaboration with the Department of Science and Technology (DST), with support from the Department for Electronics and Information Technology, MyGov.in and will be managed by IIM Ahmedabad’s Centre for Innovation Incubation and Entrepreneurship (CIIE). In fact, MyGov.in will keep the microsite for the challenge open even after the deadline to drive conversations around innovation.
In a release Gaurav Dwivedi, CEO, MyGov, said they were proud to support this challenge by connecting the government with entrepreneurs and innovators to come forward with solutions made in India for India. “We encourage all those who have brilliant ideas to come forth and contribute to making the vision of Digital India a reality.”