TI collaborates with IIM Bangalore and the Department of Science and Technology to mentor students and fund winning teams with INR 3.5 crore for startup.
Texas Instruments (TI) launched the second edition of India Innovation Challenge Design Contest (IICDC 2017). Registrations for the contest started on July 20th, 2017 and will remain open till September 10, 2017.
The one-year program will continue in collaboration with IIM Banglore and Department of Science and technology.
TI aims to nurture innovation to make Make in India success – during IICDC 2017 it will offer resources and in-depth technical training program.
Also, DST will provide INR 3.5 crores to the student start-ups for prototyping and seed funding.
Last year, IICDC 2016 got registrations from 11,000 engineering students across 624 colleges in India. “IICDC has raised standards for other design contests in the country. TI, along with its partners, worked with us as a team. I would highly recommend students from engineering colleges to apply for IICDC 2017,” said Anamika Verma, an IIT Mumbai participant.
NSRCEL at IIM Bangalore will provide business mentoring and incubation support. MyGov, the government’s online portal, will be extended to the participants for registration.
“TI believes in nurturing engineering students through our university program, especially through experiential learning. IICDC is a great example of this. We are thankful to all the partners for helping us build IICDC as a thriving platform for young minds to generate ideas and then launch their start-ups.” said, Sanjay Srivastava, Director, TI India University Program.
Professor Suresh Bhagavatula, Chairperson, Entrepreneurial Ecosystem Development, NS Raghavan Centre for Entrepreneurial Learning (NSRCEL) at IIM Bangalore, said, “IIMB sees an exciting opportunity through this collaboration with TI on the IICDC by coming across unique entrepreneurial ideas from the best talents of the country and helping them incubate the ideas and transform them into successful enterprises. With mentors from NSRCEL, we see a lot of growth and competitive opportunity for students who want to address critical problems through their innovations.”
“DST’s collaboration with TI’s IICDC provides impetus to the development of science and technology within the country. With this, we encourage students to engineer path-breaking solutions that bring socio economic change.” said H.K. Mittal, advisor and head of NSTEDB, DST.
“MyGov is glad to support DST and TI India in bringing innovative ideas from different corners of the country to one platform, thus further strengthening government’s Make in India program. The Innovative Platform of MyGov has been developed by National Informatics Centre (NIC) that has great engagement and evaluation features to conduct such contests. The platform has hosted number of such innovative contests in recent years.” Commenting on the partnership,” added Gaurav Dwivedi, CEO of MyGov.