Amrit Mahotsav Shri Shakti Challenge 2021 Participate Now

Written by Shiksha Press

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Challenge Process For Shri Shakti Challenge

Participants

  1. Registration on MyGov Portal
    • All Participants have to register on MyGov Portal
    • Post Registration a mail will be sent to the registered Email ID of participants acknowledging their MyGov Registration
    • After registering on MyGov Portal, User can participate in the challenge
  2. Post – Registration

    1. Participate and Submit Ideation Stage

    WhatsApp Channel Join Now
    • The individual/Company representation can now click on the Participate Button.
    • The individual/Company representationcan now upload details and information in the portal.

    2. Final Stage

    • The top ten (10) teams enter the final stage
    • The teams shall develop the PoCand present to the jury

Awards & Outcome for Shri Shakti Challenge 2021 

  • The selected entrepreneurs in the IDEATION Stagewill be given a grant of INR 1,00,000 each (total INR 10,00,000) to develop the Proof of Concept (POC) of their idea. Mentors will also be assigned to the entrepreneurs to help develop the idea.
  • In the final Stage/PoC Stage, 3 entries will be selected for a reward of INR 5,00,000 each by UN Women, for final development and rollout.
  • All the winners will be provided with a certificate of appreciation from MyGov

Evaluation Parameters for Shri Shakti Challenge

The ideas/ prototype/ final product will be judged on the following parameters

Parameter

Description

Approach Towards Problem Solving Product Idea, Degree of Innovation, Simplicity of Final

Solution, Uniqueness & scalability of Idea, Novelty of Approach,

Business Use Case Business Case, USP and Vision
Solution Technical Feasibility Product features, Scalability, Interoperability, enhancement & expansion, Underlying technology components & stack and futuristic orientation
Product Roadmap Potential Cost to Build Product, Go to Market Strategy, Time to Market
Individual/Organisations Ability & Culture Effectiveness (i.e. Ability to guide, Ability to present idea), Ability to Market Product, Growth Potential of Organization
Addressable Market Natural Sales Appeal, Affordability, ROI, Sales Distribution Channel

Evaluation Process

  • Step I: First Level Quality Check & Review by Organizing Team
    1. Assess compliance to Eligibility Criteria of participating individual/Organization
    2. Assess quality and completeness of the responses provided in the respective nomination forms
  • Step II: Assessment & Screening Second Level
    1. Detailed Assessmentby screening committee of submitted ideas
    2. Ideas scoredon each Evaluation Parameter
    3. Shortlist 20-25entries for presentation
  • Step III: Presentation and Shortlisting Entries for Final Stage
    1. Conduct presentation for selection of 10 winners
    2. Ideas scoredon each Evaluation Parameter.
  • Step IV: Presentation of 10 Entries for Final Stage
    1. Presentation by shortlisted10 teamsto the Jury
    2. Ideasscored on each Evaluation Parameter by the Jury

Timeline

Activities

Date

Launch of Innovation Challenge

17th August

Last Date for Registration

17th September

Last Date for Idea Submission

17thSeptember

Declaration ofTeams Shortlisted for Presentation

To be Announced to Shortlisted Participants

Presentation by Shortlisted Teams

To be Announced to Shortlisted Participants

Declaration of results of Stage I

To be Announced to Shortlisted Participants

Submission of Final Entry

To be Announced to Shortlisted Participants

Presentation of Top 10 Teams

To be Announced to Shortlisted Participants

Declaration of Results

To be Announced to Shortlisted Participants

Award Ceremony*(If any)

To be Announced to Shortlisted Participants

Eligibility Criteria for Shri Shakti Challenge 2021

  1. Only Women Entrepreneurs will be eligible for the Prizes.
  2. The contest is open to the following entities: –
    1. Start-ups,
    2. Indian Legal Entities
      1. i. Registration proof shall be submitted at the time of application
      2. ii. It should have a minimum of 51% shareholding of Indian citizens and should not be barred or blacklisted anywhere for government work. Blacklisted means that participants shall not have been blacklisted or debarred from tendering for corrupt or fraudulent practices or non-delivery, non-performance by Govt. of India and/or any State Government and/or any Central/State PSU at the time of bid submission date.
    3. Individual / Team
  3. If Applicant (Individuals) is not yet registered as Start-up, they are still allowed to submit ideas, but are required to be registered as a private limited company (as defined in the Companies Act, 2013) or registered as a partnership firm (registered under section 59 of the Partnership Act, 1932) or a limited liability partnership (under the Limited Liability Partnership Act, 2008) in India (as per definition available in the latest notification of DIPP at http://startupindia.gov.in) on or before 30 days from the date of declaration of stage 1 result otherwise applicant will be disqualified.
  4. An entity shall be considered a ‘start-up’ as per definition of startup notified by Department for Promotion of Industry and Internal Trade (DPIIT) vide G.S.R. order no. 127(E) dated 19th February 2019:
    1. Up to a period of ten years from the date of incorporation/ registration, if it is incorporated as a private limited company (as defined in the Companies Act, 2013) or registered as a partnership firm (registered under section 59 of the Partnership Act, 1932) or a limited liability partnership (under the Limited Liability Partnership Act, 2008) in India.
    2. Turnover of the entity for any of the financial years since incorporation/ registration has not exceeded one hundred crore rupees.
    3. The entity is working towards innovation, development, or improvement of products or processes or services, or if it is a scalable business model with a high potential of employment generation or wealth creation.
      1. Provided that an entity formed by splitting up or reconstruction of an existing business shall not be considered a ‘Startup’.
      2. Innovative Security Products being developed should not have violated/ breached/ copied any product already launched and/or copyrighted or patented.
  5. Only Organisations or Entities registered in India would be eligible for COVID19 Shri Shakti Challenge.
  6. The participants should be Indian Citizens or companies/Start-up’s with a majority stake of Indian Citizens.
  7. For the product to be developed as part of the Challenge, if any IPR/Patent is being used, the contesting entity must possess the legitimate rights to use the IPR/Patents.
  8. The product to be developed for the Challenge should be designed and developed in India.

Rules & Guidelines for Shri Shakti Challenge 2021

  1. All participants and team have to be eligible (See Eligibility Criteria) to participate
  2. If individuals are associated with any company, then they will have to provide an NOC from their company stating that the respective company will have no right on the Prize Money and or IPR. Furthermore, the individuals have to apprise the employer through NOC or otherwise of the registration of new entity.
  3. The funding under ideation stage shall be consumed for development of the solution/PoC only. The Teams will be required to provide Fund Utilization Certificate before the Next Stage on the date decided & communicated by the Organizing Team.
  4. Winner/s will retain the solution/product developed as part of the Challenge. The winner/s will however have to conform to the terms and conditions defined for the Challenge during the competition and post winning the award
  5. The solution should not violate/ breach/ copy any idea/ concept/ product already copyrighted, patented or existing in market.
  6. Anyone found to be non-compliant, may get their participation canceled
  7. Jury will take the final call for any unforeseen situation
  8. For any dispute redressal, Secretary (MEITY)’s decision will be the final verdict on the matter.

Source:MyGov

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