Applications Invited for Global Impact Innovation Challenge 2020

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Global Impact Innovation Challenge 2020

With the world bracing and fighting against a pandemic unknown to humankind less than a year ago, COVID-19 has, for better or for worse, changed the way lives were being lived. This change has not only led to the collapse of many existing industries but also has paved the way for several emerging ones. It has pushed us into rethinking, revisiting our ways, to fit the new normal. Innovation is the guiding light that would provide support and sustainability to this new future.

UN Global Compact Network India and Atal Incubation Centre- BIMTECH along with Birla Institute of Management Technology is providing a platform, “Global Impact Innovation Challenge (GIIC 2020)”, an international global innovation challenge to highlight the solutions to the problems of the COVID era and beyond. The Challenge endeavours to find the most promising innovations, and enable them to create an impact at the global level.

The Virtual Grand Finale will be conducted on 12th December 2020.

Eligibility Criteria

In order to be eligible to apply and participate, all teams must meet the following criteria:

• The team can be represented in the competition by a maximum of two members.
• There is no restriction on the age or background of applicants.
• If the submission is a venture, the venture must not have been in existence for more than 3 years.
• Any submission must have a prototype/pilot.
• The entries received will be recognized by the “name” of the venture/idea.
• The applicants may or may not be Indian Nationals; however, the venture should be aimed at creating an impact in India, with global possibilities.

Relevant Stakeholder

• Ideation Stage Startup
• Validation Stage Startup
• Early Traction Startup

Themes for Challenges

• Climate Action
• Good Health and Well-being
• Quality Education
• Reduced Inequalities (Also Disability Space)

Incentives:

Fiscal Incentives -

• Winner: INR 15,00,000
• First Runner Up: INR 12,00,000
• Second Runner Up: INR 8,00,000

Non-Fiscal Incentives -

• Incubation: All the finalists will be directly offered incubation at Atal Incubation Centre- BIMTECH (Gurukul Program)
• Supports: All the finalists will be extended the support services worth INR 8.56 Cr, which Atal Incubation Centre- BIMTECH provides, to its incubatees like,
  • Free credits for Digital Ocean, Amazon Web Services, Superb Services Cloud and Zoho One
  • F6S: Alpha Card of the total price value of USD 3,000,000
  • PayU: Free transaction credits
  • MSG91: Free 50,000 SMS per month for 6 months
  • Solidworks: Free license for a year
• Networking Opportunity: All teams shortlisted for the semi-finals and finals will have an opportunity to connect with the extended network of the hosts and participating stakeholders to find synergies for maximizing their impact outreach.
• Additional Opportunities: All the finalists will be provided many parallel platforms in the partner network of Atal Incubation Centre- BIMTECH for pitching their innovation.

Deadline: 30 October, 2020

For more information please check the Link