Deadline: 22-Feb-22
Kerala Startup Mission (KSUM) and Hitachi India through its R & D centre are joining hands together again to conduct a national innovation challenge among the Indian startups (DPIIT registered).
The primary motivation of this challenge is to find out the best solution from the Indian startups for some of the prevalent challenges that Hitachi India listed out and is seeking the solutions.
Challenge Details
- Smart Agriculture: Create a Smart Agriculture platform to help rural India with just-in-time agricultural advisories for local famers and farm-producing organizations (FPO). The deliverables include:
- Underst anding of the Problem Statement vis-à-vis the crop production and famers’ needs in rural India.
- Problem Scope (limit the list of under consideration to maximum 3 crops, even a single crop is fine)
- The rationale behind the crop selection (eg, importance to local economy, coverage area and spread, climatic conditions, crop production uncertainty, impact of advisories to mitigate the uncertainty, profitability)
- List of advisories that would be generated, specifying the input parameters like soil quality, water, crop, pests, fertilizers, nutrients, warehousing, weather & eco-system access.
- Stakeholder map and Use Case for consumption of such advisories by key stakeholder
- Solution Architecture Overview along with Smart Technology Interventions (eg, Artificial Intelligence, Blockchain, Internet-of-Things, Drones, Remote Sensing)
- Working Blueprint of the Proposed Solution (eg, architectural / functional blocks overview)
- Implementation Feasibility & Economic Viability of such a system (eg, in terms of technology intervention s, cost case, architectural overview, timeline, cost-benefit ratio, break-even analysis, entry barrier)
- Banking the Unbanked / Reaching the Unreached: Develop a financial service/platform/technology that helps drive financial inclusiveness for the masses in India. It could include any format B2B, B2C, P2P. The deliverables include:
- Understanding of the problem statement vis-à-vis the requirements of the unserved masses in India. The scale of impact of the solution, segment of people impacted.
- The rationale behind the solution selection (benefits in deposit/lending, difference in risk assessment, alternative exchange/payment mechanism, secured-unsecured credit, collections, alternate data source, ….)
- Benefits from the current alternatives
- Validation of the problem statement through – trial run in any market/ industry expert/ academia/ voice of customer.
- Innovation (technical, process..) brought to the table
- Ecosystem/ stakeholder map
- Linkage with Govt infrastructure – Aadhar, Jan-Dhan, NPCI, subsidy schemes etc..
- Regulatory requirements and challenges
- Solution architecture overview along with smart technology Interventions (eg, Artificial Intelligence, Blockchain, Internet-of-Things, Drones, Remote Sensing, Open Data….)
- Working blueprint of the proposed solution (eg, architectural / functional blocks overview)
- Implement feasibility & economic viability of such a system (eg, in terms of technology interventions, cost case, architectural overview, timeline, cost-benefit ratio, break-even analysis, entry barrier )
Benefits
Winners from each category with the most innovative solutions will get the grant money of Rs 30 lac each.
Eligibility Criteria
Startups with DPIIT number are eligible to participate in this challenge.
For more information, visit https://www.startupindia.gov.in/content/sih/en/ams-application/challenge.html?applicationId=620bdd14e4b0e4f8d26584ac