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MSME Idea Hackathon 3.0 - 2023 (For Women) I PCI Contest Alert

Updated: Jul 11, 2023

Registration Ends: 10th Aug 2023 (As on Launch)

Contest Background:

In accordance with the vision of the Honorable Prime Minister of India, "The progress of humanity is incomplete without the empowerment of women. Since women entrepreneurs are the the basis of the social change to which India aspires, the government will continue to focus on women empowerment by emphasizing dignity, opportunity, appreciation for their efforts and contribution laying the foundations of a new India, filling the gaps in the solutions required by women innovators and help lay the foundation for building the economic structure of a mighty India.

It is the effort of the Ministry of Micro, Small and Medium Enterprises to enable MSMEs to implement their ideas and create innovative solutions while seeking the solutions to local problems that could be the generational leap that India needs, to transform its social, cultural and economic ecosystem into a world leader.

Ideas are invited as part of Women Innovators' MSME Idea Hackathon 3.0, Women Students and women owned MSMEs from all over India under the Bureau of Development Commissioner – MSME Innovative Program.

Category: Start-Up , Government Contest

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Contest Stages:

Stage 1:Evaluation by the Host Institutes

  • Ideas will be automatically sent to the HI, selected by the applicant. (HIs all across the country will shortlist meritorious ideas and forwarded to MoMSME)

  • For evaluation, each HI will identify and create a pool of experts from different domains/ areas of expertise, for e.g., entrepreneur, technical expert, financial expert, sector expert, etc.

  • From this pool of experts, a panel of minimum 3 and maximum 5 experts will be selected by the HI to evaluate each idea.

  • After evaluation, each HI will shortlist applicants on the https://innovative.msme.gov.in/ and will upload the scores & details of shortlisted applicants’ sector-wise. During evaluation, HIs shall adhere to the mandate for the ideas decided by Ministry of MSME.

Stage 2: Evaluation by the Ministry of MSME

  • After receiving shortlisted ideas from HI, the PMU will carry out the first stage screening. Only those ideas which have been received with relevant and appropriate information, fulfilling all the obligatory conditions as per the scheme guidelines, will be processed. If the idea uploaded is incomplete/or with incoherent information, the idea will be liable for rejection.

  • This will then be counter-checked by the programme division to ensure that no eligible idea has been left out. Thereafter the screened ideas will be forwarded to the Domain Expert Selection Committees (DESCs)

Stage 3 : Selection of Ideas by Domain Expert Selection Committee (DESC)

The ideas received would be segregated into the following five verticals, which will be evaluated by five DESCs.

  • These five Domain Expert Selection Committees (DESCs) will comprise experts from the Industry/Academia/Government. One expert from MSME DFO and one member from the programme division for coordination will also constitute the DESC. DESCs will select the ideas, from the ideas forwarded to them subsequent to the first stage screening.

  • The DESC will evaluate the ideas as per the criteria decided by the Ministry and would select ideas for recommending to PMAC for final approval. To ensure that all the sectors and verticals get adequately represented, the number of ideas recommended must be in the ratio of them being received. The cut off ratio will be indicated by the programme division.

Stage 4: Final Selection by Project Monitoring & Advisory Committee


Contest Sectors:

  1. Agriculture, Rivers & Ocean Produce based industries, fertilizers, Agricultural Implements & Agro processing and any related sub-sector

  2. Healthcare & Life sciences, Medical Devices, Pharmaceuticals, Biotech, AYUSH and any related sub-sector

  3. Power, Renewables, Electricals, Power Electronics, Energy Efficiency and any related sub-sector

  4. Services, Education, Hospitality, Media, Publishing, Entertainment, Design, Wellness, Logistics, Sports and any related sub-sector

  5. Miscellaneous Sector (Environment, Forests, Water & Sanitation; Foods, Beverages, FMCG, Consumer Goods; Infrastructure, Construction, Housing; IT, ITES, Electronics, White Goods, Telecommunication; Metals, Engineering, Machinery, Automation and Transportation, Automotive, E Vehicles, Railways, Aviation, UAV and any other sub-sector

Guidelines for Ideas:

  • Marketing & Branding: Innovation related to the customer experience.

  • Ideation: Innovation related to the product idea & concept.

  • Technology: Innovation related to the product functionality.

  • Co-creation: Innovation related to the customer involvement.

  • Social Innovation: Innovation related to the corporate culture.

  • Entrepreneurship: Innovation related to through entrepreneurial thinking.

  • Open Innovation: Innovation related to stakeholders.

  • Business Model Innovation: Innovation related to the purpose and strategy.

Who Can Apply:

  1. Any women innovator- having e-mail and mobile number.

  2. Women Owned MSME- having Udyam Registration number . ( if not register for Udyam Registration Click here)

    • who have innovative idea can join MSME Idea Hackathon 3.0 (Women).

    • Individual category has now been recategorised into Student and Others. Now Three categories (Women Owned MSME, Women Student, Other Women)

Rewards:

  • Financial assistance up-to maximum of Rs. 15 lakh per approved idea shall be provided to Host Institute for developing and nurturing of the idea into prototype.

.............INNOVATE TO WIN..............

For more details & to register for the contest:



Category of the contest: Start-Up Contest, Government Contest

 

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Above the Clouds

"Every Innovator Needs to Dream,

Every Dream Needs an Innovation,

Every Innovation Needs a Platform"

---Rajasekar Madhavan 
Founder & CEO-Project Contest Innovations LLP
Innovation Influencer I MoE IIC InnoV Ambassador

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