Sponsoring Agency: NASSCOM
Type of Fund: Challenges, Competitions or Prizes
Deadline Available: Available
Deadline Date (mm/dd/yyyy): 04/18/2021
Size of the Fund: Not Available
Manufacturing Innovation Challenge is developed with an aim to solve manufacturing sector challenges through emerging smart technologies.
The platform of Manufacturing Innovation Challenge (MIC) has given deep-tech start-ups the opportunity to connect with leading manufacturing firms. The MIC was launched by NASSCOM CoE in order to bring the best minds from industry, academia, start-ups and government to drive a culture of co-creation & research to find solutions for complex business problems. The start-ups are invited to participate in the challenge to propose solutions to the nominated industry use cases and the best solutions get a chance to work with the respective partners.
Challenges
Redefining Enterprises and Entrepreneurs Engagement
• Resource Optimization
• Product Innovation
• Efficiency Improvement
• Logistics Management
Key Benefits
• For Enterprises:
o Leverage NASSCOM platform to kick-start Digital Transformation journey
o Access to new and disruptive technologies through Start-Ups
o Accelerate solution development for complex industry challenges
• For Innovators:
o Winners (each usecase)
o An opportunity to work on real-time solutions for large manufacturing companies through paid POC.
o 1 year membership to NASSCOM CoE Startup Accelerator Program
Eligibility Criteria
Innovators and mature startups across the nation, having deep-tech capabilities and market ready digital solutions:
• Should have an annual turnover not exceeding Rs. 25 crore
• Period of existence should not be exceeding 10 years from the Date of Incorporation
• Should have the total manpower not more than 100 employees
More information at: https://gujarat.coe-iot.com/broadcast/manufacturing-innovation-challenge-3/index.html
