The Indian Institute of Technology (IIT) Palakkad Technology IHub Foundation(IPTIF) is offering up to Rs 2 Crore through its flagship national contest ‘Samarth Maha Utsav’. The initiative has been taken in order to encourage 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 commercialization.
Samarth Maha Utsav aims to play 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. The innovations would be evaluated on the basis of innovativeness, technical competence, social impact, scalability, potential and commercial viability. The competition 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 for the ‘Samarth Maha Utsav’ con test is January 31, 2023.
The teams taking part in the contest as expected to develop solutions in the following areas:
Energy: Scouting for more eco-friendly energy solutions safe to use, economical at large scale, with high efficiency and power or energy density, high reliability, and lifetime.
Safety: Scouting for more viable safety solutions for circumstances such as predictive intervention for safety on inconsistent roads with heterogeneous Traffic (PI-SIRHT), predictive maintenance of road, rail and bridges, inconsistency-based segmentation of road networks, vehicle and VRU-tracking on IRHT and others.
Highlighting the need for such competition, 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.”
Harilal Bhaskar added, “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.”
Samarth Maha Utsav envisions substantial advancements in design and multidisciplinary system innovation that are pertinent to the energy and safety sectors. It aspires to find and foster sustainable solutions to India’s significant energy and safety challenges as well as make India a global leader in technological advancements.
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