Bajaj Electricals NAVACHAR Innovation Challenge 2017

Organization : Bajaj Electricals Ltd
Competition Name : Innovation Challenge
Competition Last Date : Dec 30 2017
Applicable For : Students,Startups,Working Professionals
Website : http://www.navachar.in/

Innovation Challenge  :

WHAT IS NAVACHAR?
In 2017, India realised its dream of becoming a ‘power-surplus’ nation.
Despite this, about 60 million households in India have no access to electricity. Out of those who do, almost all find electricity supply intermittent and unreliable.

Related : NSC National Science Centre Delhi Innovation Festival 2018 : www.contest.net.in/29003.html

What causes this paradox? How do we change this picture?
Navachar, an innovation challenge by Bajaj Electricals Ltd, aims at finding answers. As the name suggests, it invites the brightest of minds to create innovative solutions to the pressing problems faced by India’s electricity sector.
The most innovative solutions can win cash prizes of up to 6,00,000*.

What’s more, with its nationwide reach, Bajaj Electricals Ltd will give you an opportunity to implement your solution at scale.
Register now and help India make its future brighter!

The Challenges :
** Take on the challenge you would like to tackle

Challenge #1 :
** Design a revolutionary monopole transmission tower Inadequate last mile connectivity is a major obstacle in supplying electricity to all. Design a cutting-edge transmission tower that will be a game changer.

Challenge #2 :
** Create a futuristic mechanism to power electrical devices Most of non-metro cities in India face power cuts lasting 4-8 hours a day! obstacle in supplying electricity to all. Create a state-of-the-art mechanism that will keep basic electrical appliances running, even during power cuts.

Challenge #3 :
** Design a ‘made-for-India’ multi-utility light Most of the portable lights that exist today work on the concepts borrowed fromthe western countries. Design a Swiss army knife equivalent of a portable light that will fulfil the needs of a billion Indians.

Why Participate?
CASH PRIZES :
1st Prize : 3,00,000 + Goodies
2nd Prize : 2,00,000 + Goodies
3rd Prize : 1,00,000 + Goodies

Mentorship :
** Learn through
** first hand interactions
** with distinguished leaders
** like the JMD of Bajaj Electricals himself!

Royalty :
** The winning entries may be offered a royalty deal by Bajaj Electricals

Real Impact :
** An opportunity to help a billion Indians transform their lives

Who Can Participate?
Students :
** Here’s your chance to put your knowledge to test .Our mentors will personally guide you to bring your extraordinary solution to life. And who knows, your solution might grab you an attractive cash prize too!

Startups :
** Got a bright idea that can transform a million lives? Here’s the platform to build it, test it and bring it to life.You might also ge t a chance to co-develop it with one of India’s most innovative companies.

Working Professionals :
** Still got that spark to make a difference in a million lives? Well, here’s your chance. Show us your domain expertise by creating something extraordinary and reap rich rewards!

Timeline :
Registrations open : Nov 15
Idea submissions : Nov 15 – Dec 30
Announcement of top 10 teams : Jan 15
Prototype development : Jan 16 – Feb 16
Demo day : March 1
Announcement of winners : March 10

Judging Criteria :
A team of 5 eminent juries will evaluate each of the 10 shortlisted solutions, as per the criteria below :
1. Closeness to defined problem statement (10%)
2. Technological superiority and knowledge (30%)
3. Business value for Bajaj Electricals (15%)
4. Uniqueness of the solution and out-of-box thinking (30%)
5. Ease of scalability (15%)

FAQs :
1. How should I register for the contest?
Register as a new user, by clicking the “Register” button in the portal. Registration is mandatory for participating in the contest.

2. Do I need a team or can I register as an individual?
You can work on the solution as an individual or as a team.However, each member of the team needs to register individually.

3. Can I work on more than one problem statement?
Yes, you can submit solutions for all three problem statements. However, you can only use one email id to register for one problem statement.

4. Can I submit multiple solutions for one problem statement?
Yes. As long as your ideas are different from each other in each entry and they meet all of the entry criteria detailed in the ‘terms and conditions’ section.

5. Who will own the IP for the solution that I generate for this exercise?
You will own the IP for your solution.In case the solution is shortlisted at the end of stage one, then an IP ownership agreement or a royalty agreement will be applicable. All details are available on the website and details will be discussed directly with the shortlisted participants post completion of stage one.

6. How many winners will be selected?
There will be a total of 3 final winners (this can be individuals or a team).We will not be picking winners for each problem statement but overall.

7. Can I submit solutions using ideas or solutions that already exist and are the IP of someone else?
No. You need to be the owner and creator of the ideas or solutions that you submit. You cannot submit existing solutions that belong to someone else for this contest.