IIT Palakkad offers INR 2 crore to encourage start-ups

The competition ‘Samarth Maha Utsav’ is open to all innovators and start-ups in India with a working prototype in the energy or safety sector. The last date to apply is January 31, 2023. 

IIT Palakkad Technology IHub Foundation (IPTIF) is offering up to INR 2 crore through its flagship national contest ‘Samarth Maha Utsav’ to encourage innovation in renewable energy and safety. The tech hub is encouraging innovators, entrepreneurs and start-ups in the renewable energy and safety sector by funding teams that have a viable prototype and business plan for large-scale commercialisation. 

'Samarth Maha Utsav' aims at playing a critical role in driving innovation in the energy and safety sectors, helping to address some of the major challenges facing these industries, and helping to drive progress and improve the lives of individuals and communities around the world. The innovations submitted by the team will be evaluated on criteria such as creativeness, technical competence, social impact, scalability and potential besides commercial viability. 

The competition is open to all innovators and start-ups in India with a working prototype in energy or safety sector. The last date to apply is 31st January 2023. Those interested can apply through the following link - https://tinyurl.com/Samarth-Maha-Utsav. A Section-8 company established by IIT Palakkad with INR 100 crore supported by the Department of Science and Technology (DST), Government of India, IPTIF is providing a reliable platform for the technology based start-ups and entrepreneurs. 

Highlighting the need for such competitions, Harilal Bhaskar, chief executive officer, IIT Palakkad Technology IHub Foundation (IPTIF), said, “The global energy and safety sectors are facing several challenges such as need to increase efficiency and reliability of the energy systems, reduce greenhouse gas emissions and improve safety standards in critical public infrastructure such as roads, rails, and dams. To address these challenges and drive innovation in these sectors, it is necessary to identify and support the development of new technologies.” 

He said, “IPTIF aims to address these challenges by attracting the best innovators and start-ups thereby, providing them with funding and support to help them bring their ideas to fruition. Samarth Maha Utsav is a major initiative in this direction.” 

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