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UDAAN 3.0: Idea Competition 2024

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UDAAN 3.0: Idea Competition 2024

Welcome to the innovation journey at Vikrant Incubation Centre (VIC)! Are you ready to turn your groundbreaking ideas into reality and create a sustainable impact in India's landscape? Look no further because UDAAN 3.0: Idea Competition 2024 is here to ignite your entrepreneurial spirit!

At VIC, we're dedicated to nurturing student innovators with early-stage ventures and promising innovations that have the power to transform both rural and urban India. Our incubation center is a dynamic ecosystem tailored to support budding entrepreneurs with the right blend of resources, mentorship, and infrastructure to propel their ideas toward success.

Event Details

The "Udaan 3.0: Idea Competition 2024" team is committed to fostering the growth of startups and technologies emerging from academic institutions. Through mentorship, outreach, and connections with potential investors, we aim to empower our young entrepreneurs to realize their dreams and build impactful enterprises.

We are not only providing mentorship for innovative ideas but also offering young minds the opportunity to win prizes of up to one lakh rupees. This year, UDAAN 3.0 offers even greater opportunities for students, working professionals, and entrepreneurs seeking incubation support, financial funding, legal assistance in patenting, and technical guidance under Vikrant Incubation Center.

Timeline of Events

  • Registration Deadline: 15/04/2024
  • Presentation Submission Deadline: 15/04/2024
  • Preliminary Round: 25/04/2024 to 27/04/2024
  • Final Round: 10/05/2024 to 11/05/2024

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Evaluation Criteria

  • Innovation & Creativity
  • Feasibility & Scalability
  • Social Impact & Environmental Sustainability
  • Usability & Future Scope
  • Planning Strategy & Business Model
  • Overall Presentation & Q/A Session

Activities

On May 7th, 2024, a group of 18 finalists from the UDAAN 3.0 competition, accompanied by faculty members Mr. Vivek Singh and Mr. Surajmal Patidar, visited the Incubation Center at the Indian Institute of Technology (IIT) Indore. The purpose of the visit was to provide students with firsthand experience of the startup ecosystem, innovation processes, and entrepreneurial culture at IIT Indore.

On May 9th, 2024, a group of 20 finalists from the UDAAN 3.0 competition, along with the same faculty members, visited the Incubation Center at Shri Govindram Seksaria Institute of Technology and Science (SGSITS), Indore. This visit aimed to help participants understand the startup ecosystem and the support mechanisms available for budding entrepreneurs at SGSITS.

On May 31st, 2024, a group of 25 finalists from the UDAAN 3.0 competition, again accompanied by Mr. Vivek Singh and Mr. Surajmal Patidar, visited the Indian Institute of Management (IIM) Indore campus. The visit was intended to explore the institute’s initiatives, programs, and ecosystem supporting startups and innovation. This report summarizes the key insights, observations, and takeaways from the visit.

Special Guests and Jury Members

  • Chief Guest:
      Dr. C.D. Singh Sisodiya, Export Manager, Scintech, Indore, Madhya Pradesh, will inaugurate the ceremony on Thursday, 25 April 2024.
  • Jury Members:
      1. Dr. Nagendra Sohani, Head of the Department, Centre of Excellence in Logistics, Devi Ahilya University Indore.
      2. Mr. Abhi Chauhan, Incubation Manager, SGSITS Indore.

    • Results

    A total of 39 registrations were received for UDAAN 3.0, out of which 22 candidates participated in the preliminary round. From these, 18 were qualified for the final round.

    S. No. Participant's Name Idea Title Position
    1 Anurag Bharti Radio Controller Winner
    (Rs. 25,000/-)
    2 Mohit Kumar Masani Herbal Cosmetic Products Runner up
    (Rs. 15,000/-)
    3 Aastha Jain
    Ankita Rose
    Nimisha Sharma    		 Glow Aura (Herbal Facial kit) Second Runner up
    (Rs. 10,000/-)
    4 Jay Thepe
    Akshat Sharma    		 Sign language interpreter for deaf and dumb people. Best Idea
    (Rs. 1,100/-)
    5 Rudrakshi Rathore Metazoa Social Impact
    (Rs. 1,100/-)
    6 Abhishek Sharma
    Taslimuddin Ali    		 Design and construction of rigid pavement Usability
    (Rs. 1,100/-)
    7 Yuvraj Singh Rathore Plastic Free India Future Scope
    (Rs. 1,100/-)
    8 Harsh Tilasi Monitoring and caretaking of agriculture field. Best Creativity
    (Rs. 1,100/-)