Deadline: 20-Nov-20
Abhyuday 2020-21 brings to you, Action-Plan, the social entrepreneurship contest which revolves around the 3I’s mantra: Ideate – Innovate – Implement.
In order to fulfil these dreams, Abhyuday IIT Bombay brings together the brightest from colleges, the best from corporate, the learnt from academia and the experienced from NGOs and creates a platform where young minds are nurtured to create solutions that have the potential to bring about grass-root level changes.
In its last edition, 550+ teams registered for the competition out of which120+ teams received professional mentorship.
Spread across 20+ states, 40+ cities and 1500+ colleges, this nationwide competition takes the participating teams through multiple stages, starting from identifying a specific problem through stakeholder interaction, progressing to engage with stakeholders and organizations in developing a solution, and validating those ideas in the society for further improvement.
Action Plan aims to promote startups that hope to create a social impact in one of the following sectors:
- Education: “Education improves peoples’ productivity, creativity and also plays a crucial role in securing social and economic progress.” Thus, startups aiming at improving the quality of primary education, creating or prototyping Learning Management Systems (LMS), practical learning aspect of secondary education and enhancing vocational education and other digital innovations pertaining to the field of Education can register under this sector.
- Women Empowerment: “Women empowerment is accepting and allowing women who are on the outside of the decision-making process into it.” This for startups providing regional rights and facilities, security and protection, employment and employability to women, you should register under this sector.
- Rs (Refuse, Reduce, Reuse, Recycle, Recover): Climate Change is real and they need the impact-creators working on the same to motivate and educate the public. Topics with high focus in this sector are but not limited to Hygiene and sanitation, innovative models to reuse, reduce, recycle and recover waste, technology and digital innovations to substitute manual scavenging.
- Pollution: “India has 15 cities in the list of the world’s 20 most polluted cities in the world. Thus, it is really important for them” Introducing this sector to come up with technologies that aid people in fighting pollution for the time needed to shift to clean energy fuels” and to improve the existing condition. Water Management: According to a recent report of NITI aayog, “21 of the major Indian cities will run out of the water by 2020. Thus, this sector will focus on ways to provide and supply clean drinking water.”
- Financial inclusion: “It is making financial services available to each and everyone, via digital payments, micro-lending, peer to peer lending, etc.” This will include startups aiming at developing policies for financially weak people.
- Employability: Most developing countries struggle with underemployment and unemployment. With the second-largest population in the world, the country is also facing similar problems. Hence, “this sector is for startups that can act as an employment source in rural areas, or for less-educated people.”
- Sustainable Energy: “Economies across the world are on the verge of a profound and urgently necessary transformation in the way they produce and use energy.” Thus, in this sector, they are looking For startups that focus on maintaining, or generating energy from cleaner fuels, improving the efficiency of existing solutions, developing sustainable methods for energy management and educating people on the same.
- Health and Nutrition: This sector is for startups tackling malnutrition, providing financial instruments and digital platforms (e.g. telemedicine facility) and other digital innovations for availing health services, accessibility to health services, and hygiene and sanitation.
Incentives
- Cash Prize of INR 3,00,000.
- An exciting chance to get selected by ICICI Foundation for Project Internships focussed on Social Initiatives.
- Top 3 teams will be directly selected into the Mentorship program 2021 by Knowledge Partner, iB Hubs.
- An opportunity to be mentored by successful seasoned entrepreneurs and mentors from worldwide, experienced industry professionals and faculty.
- The mentors from their very prestigious Knowledge Partners like EdelGive Foundation, Eprenz, ILFAT, iB Hubs, Ecochirp, ChildFund India, Villgro would not only help build your startup but also to provide many networking opportunities and real-time advice.
- A learning opportunity through the rigorous training sessions and speaker sessions hosted by reputed organizations- Navayuvak Entrepreneurs and Vruksh Foundation in realising the idea for your startup.
- Numerous Investment opportunities and a chance to pitch in front of leading angel investors, Venture Capitalists, and Industrialists with India’s leading Venture Capital.
- Firms: Unicorn India Ventures, Equanimity Investments, Cumulative Ventures LLP. Networking Opportunities with potential partners, investors, and world-class Entrepreneurs.
- Incubation opportunities for social ventures in various incubation centres like NSRCEL-IIMB, StartUp Oasis, Amity Innovation Incubator, AIC-RMP, 3i Zones, GCEC Global, and SCEI.
- Content-rich feedback on the business model from globally acclaimed and highly successful Entrepreneurs, investors and Industry Experts, and professional service providers on their Judging Panel.
Eligibility Criteria
- There is no restriction on any individual to participate. Anyone, from students to working professionals across the nation, can participate.
- For a startup, any startup incorporated in or after 2018 is eligible to participate. You will be required to submit proof of the same during the competition process
- Action Plan aims to promote startups that require assistance in funding, mentoring, etc. Therefore startups who have raised external funding are not eligible to participate.
- A team can register with a minimum of two and a maximum of eight members including the Team Leader. The team leader will be the point of contact for any correspondence for the team.
- The team should use their team leader’s email address for future correspondence and must abide by timely instructions, guidelines, and ethics provided by Abhyuday with general business ethics.
Note: Teams may be asked to provide proof of the above at any time during the competition cycle and in the eventuality of wrong details/information your entry shall be disqualified. By registering for Action plan, Abhyuday expressly disclaims any obligation or undertaking to update or revise any forward-looking statements, targets, estimates or any related information contained in this concept note to reflect any change in events, conditions, assumptions or circumstances on which any such statements are based unless so required by applicable law. Furthermore, by participating in Action Plan, each participating team and all of its team members agree to allow Abhyuday, IIT Bombay to use their names, images and information regarding the team’s action plan, any other material forwarded as part of their submission, and prize information in publicity and marketing for the same.
For more information, visit https://www.abhyudayiitb.org/actionplan/
