#InnovateToINSPIRE 2019

Second edition of the innovation challenge, #InnovateToINSPIRE 2019 invites participants to submit sustainable and scalable solutions to five specific challenges - Improved Grid Management System, Energy Efficient Technologies, Innovation in the space of clean energy, Innovation in the domain of E-Mobility and Financial Instruments to support & sustain Energy Efficiency innovations.

Challenge themes for #InnovateToINSPIRE 2019

What are we looking for?

  For Challenges 1-3
  • The innovation should increase the energy efficiency of the system/ product/ technology by a minimum of 15% vis-`a-vis the current highest standard globally and is techno- commercially viable
  • Define the current baseline that is being considered to measure the innovation’s efficiency and describe the measurement standard that has been taken to calculate the same
  For Challenge 4 (e-mobility)
  • Come up with an innovation or develop a Technology/ Business Model that encourages rapid deployment of Electric Vehicles while being financially viable
  For Challenge 5 (Financial Instruments)
  • Develop financial tools (Eg: bonds, commercial papers, low-rate loans etc) to act as a catalyst to reduce the cost for Energy Efficient technology/ models/ schemes
  • Develop a financial model to upscale Energy Efficiency technologies/ schemes

Who can apply?

  The competition is open to anyone, team or individual, aged 18 or over from around the world.

  The competition is open to all, including students aged 18 or over

  Participants should have a POC (Proof of Concept) ready; EESL will help scale up the selected product or service

  Startups working in the Clean Energy space for a minimum of 6 months

  Students as part of the Institutional team representing the College with an official mentor assigned to the team

  Ideas or solutions without any prototype/ PoC will not be considered

Why should you participate?

  Why not?

  Present your innovations to the world’s leading experts in the realms of energy management and sustainability

  Stand a chance to win funding of INR 5 lakh, along with mentoring and guidance, to help bring your solution to market

Process

  Register on innovatetoinspire.in

  Login credentials will be sent to your registered email up on registering

  Update your profile after logging in

  Fill the form and upload PDF document

  Submit your application before 09:00 PM on (IST) on 31st August 2019

  Interim selection and evaluation of ideas

  Submission of duly filled detailed proforma by applicants shortlisted in the Interim Selection stage

  First round of evaluation by eminent jury members and shortlisting of finalists

  Submission of 2- minute video describing project in detail and the problem it addresses, along with desired impact by finalists

  Announcement and felicitation of winning entries at the inaugural session of the International Symposium to Promote Research and Innovation in Energy Efficiency (INSPIRE) - 2019 in Mumbai

Timeline

  10 April 2019 – 31 August 2019

  • Registration & Application Submission

  Mid -September 2019

  • Interim selection

  First week of November 2019

  • Boot Camp
  • Final Jury Pitch

  11-12 November 2019

  • Exhibition space for all finalists
  • Announcement & Felicitation of winners at INSPIRE 2019