Intra Institutional Innovation Competition – Call for Startup

1. Introduction The INNOVATION COMPETITION – CALL FOR STARTUP was successfully conducted by MRIIF from 16th January 2025 to 17th January 2025. The event aimed to promote entrepreneurship, innovation, and startup culture among students from various disciplines. It provided a platform for young innovators to pitch their startup ideas and secure financial support for further development. 2. Objectives To encourage students to develop innovative and impactful startup ideas. To provide financial assistance for promising startup ventures. To create a culture of entrepreneurship and innovation within the institution. To facilitate mentorship and networking opportunities for budding entrepreneurs. 3. Event Overview The two-day event witnessed enthusiastic participation from students across multiple fields. Participants were given the opportunity to present their startup ideas before an esteemed panel of judges, which included industry experts, startup mentors, and investors. Day 1 – Idea Pitching Round Students presented their innovative ideas in front of the jury. Each team was given a fixed time slot to showcase their startup model, followed by a Q&A session. The panel assessed ideas based on innovation, feasibility, scalability, and market potential. Day 2 – Evaluation and Selection The judges deliberated and shortlisted the most promising startup ideas. The selected teams will be funded with 2.5 lac A networking session was conducted, where students interacted with industry experts and mentors for guidance on business growth and development. Selected Startups for Funding & Incubation Olive Clear – An AI-based skin condition detection software designed to provide quick and accurate diagnosis support, making healthcare more efficient and accessible. GapSolution – An integrated smart card system for schools that enables attendance tracking, payments for school services, and student location monitoring, enhancing safety and administrative efficiency. Humming Bird – A Drone Training Centre dedicated to skilling students in drone technology and preparing them for opportunities in emerging drone-based industries. 4. Key Outcomes Widespread Participation: Students from various domains participated, showcasing diverse and innovative ideas. Funding Allocation: Selected startup teams will be granted with ₹2.5 lakhs each to further develop and implement their business ideas. Innovation and Mentorship: Participants received valuable feedback from judges, enhancing their business strategies. Entrepreneurial Culture: The event inspired students to pursue entrepreneurship and innovation as viable career paths. 5. Conclusion The INNOVATION COMPETITION – CALL FOR STARTUP proved to be a great success, fostering an environment of creativity and entrepreneurship within the institution. The financial support and mentorship provided through this event will enable selected startups to scale their innovations. This initiative marks a significant step towards encouraging student-led startups and shaping future entrepreneurs.