NEWS

Texas Instruments collaborates with IIM Bangalore and DST to support funding of Rs 3.5 crores

By VARINDIA - 2017-04-24

Texas Instruments has collaborated with IIM Bangalore and DST (department of science an technology) for India Innovation Challenge Design Contest 2016 to support funding of Rs 3.5 crores.

The DST-Texas Instruments India Innovation Challenge Design Contest 2016 is moving towards the final phase by completion of the second semi-final round at BML Munjal University. The second semi-final event was inaugurated by Sanjay Srivastava, director - University Program, Texas Instruments India and Nagaraja Prakasam, mentor, NSRCEL IIM Bangalore.

24 student teams from 22 engineering colleges presented their innovative products to a panel of evaluators who are thought leaders and accomplished achievers from various walks of life. The panel consisted of entrepreneurs, professors, bureaucrats and entries were judged based on customer validation, strategic innovation, marketing innovation, business interdependence, etc.

Most of 2016 entries have corroborated closely with the government’s vision of Swaach Bharat, Digital India, Smart Cities projects, etc. Most solutions that have been shortlisted to the semi finals have the potential to solve pressing problems across various sectors and to help bring positive change to the lives of millions of people.

This contest aims to propel the government’s ‘Make in India’ initiative through student start-ups and contribute to the country’s manufacturing ecosystem.