Thursday, August 25, 2022
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IIT-M Launches Innovation Contest for Sustainable Startups


The Indian Institute of Expertise, Madras (IIT-M) has launched the third version of Carbon Zero Problem (CZC), which is focussed on useful resource depletion and air pollution accelerated by local weather change and biodiversity losses.  

That is an all-India eco-innovation and entrepreneurship competitors that goals to “speed up the lab-to-market transition of eco-innovations in India” by funding their growth from proof-of-concept and lab-scale options to working prototypes or pilots.

Shortlisted groups will get funding and mentorship help to ascertain startups and an opportunity to take their concept to the market. Winners can even get Rs 10 lakh as a startup seed grant, in addition to help corresponding to entry to incubation assets and angel and enterprise capital assist. 

The occasion was launched on Wednesday, the place Prof V Kamakoti, director of IIT-M, stated that the institute additionally plans to ascertain a ‘College of Sustainability’ to work in direction of UN SDGs. He additionally introduced that IIT-M will open up its patenting mechanism to the competition contributors. 

“The Institute has a strong incubation ecosystem that may assist start-ups mature and convert their concepts right into a viable enterprise,” he added. 

What’s the theme this 12 months?

The competitors will give attention to CRC, or ‘circularity in useful resource conservation’, with the thought to focus on the necessity to stability demand and earth’s provide, in addition to rethink design and supplies to allow useful resource discount, recycling, restoration, and reuse. 

Highlighting the important thing focus areas of CZC 2022, principal coordinator Indumathi M Nambi stated, “The competitors will focus its goal applicant pool on groups which have already demonstrated and validated lab-scale proof of idea, with a transparent technological development.”

Competitors particulars

An IIT-M press launch famous that round 100 groups are anticipated to be shortlisted, and of them, 25 will likely be given prototype funding as much as Rs 5 lakh per staff. 

The groups will likely be skilled to “sharpen their market orientation and entrepreneurial quotient, and develop the sustainability report for his or her product to promote it as a clean-tech firm”. 

They can even work together with consultants within the trade and academia to hone their technical and enterprise abilities. 

Tips on how to apply?

Go to this hyperlink to be taught extra particulars of the competitors. The final date of utility is 24 September 2022. 



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