Objective of the MSME Idea Hackathon 3.0
In line with the vision of the Hon’ble Prime Minister, “Youngsters from India are doing wonderful things both in India and internationally. I dream of Yuva Shakti that is filled with self-belief, has the power to think big, and is hardworking to realize that aspiration”. To work towards the Prime Minister’s ‘Viksit Bharat @2047: Voice of Youth’ goals, the government will keep directing the energy of students, MSMEs and young people towards the shared objective of achieving a Viksit Bhara.
With the above perspective, Ministry of MSME has launched “MSME Idea Hackathon 4.0” on 11.09.2024 by Hon’ble Minister of MSME. Ideas are being invited under MSME Idea Hackathon 4.0 from Youngsters aged between 18-35 from all over India under MSME Innovative Scheme. MSME Idea Hackathon 4.0 is live at https://my.msme.gov.in/inc/ & the portal will be open till 26.09.2024.
Eligibility to Apply for the MSME Idea Hackathon 4.0
A. Innovators of Indian Origin
Any individual of Indian origin with a valid email and mobile number is eligible to participate in the hackathon. This open eligibility criterion allows innovators from across the country to present their ideas and contribute to the growth of MSMEs in India.
B. Categories for Registration
Participants can apply under the following three categories:
- MSME Category: Registered MSMEs can participate by submitting their Udyam Registration Number. The Udyam Registration is essential for MSMEs to access benefits and financial support during the hackathon. You can register for Udyam if you haven’t done so already to ensure your eligibility.
- Student Category: Students who wish to participate must submit a valid Student Identity Card for the academic year 2024-2025. This category encourages the participation of young, dynamic minds with fresh and creative ideas that can reshape the MSME landscape.
- Others Category: This category is open to individual innovators who may not be part of an MSME or a student institution but have innovative ideas that could bring value to the MSME sector. Whether you are a freelancer, researcher, or an independent innovator, you can apply under this category.
Benefits Offered
Financial assistance up-to maximum of Rs. 15 lakh per approved idea, through the Host Institutes chosen by them for developing and nurturing of the idea into working prototype.
This financial support covers:
- Prototyping and product development
- Research and development (R&D) expenses
- Materials and technology required for execution
Host Institutions, like Shri Rawatpura Sarkar University, Raipur, Chhattisgarh are responsible for nurturing these ideas and helping participants navigate the development process by providing the resources and technical assistance needed.
Criteria for Ideas
The mandate for Ideas All ideas should contain, inter-alia, following basic types of Innovation Processes:
- Marketing & Branding: Innovation related to the customer experience.
- Ideation: Innovation related to the product idea & concept.
- Technology: Innovation related to product functionality.
- Co-creation: Innovation related to customer involvement.
- Social Innovation: Innovation related to the corporate culture.
- Entrepreneurship: Innovation related to entrepreneurial thinking.
- Open Innovation: Innovation related to stakeholders.
- Business Model Innovation: Innovation related to the purpose and strategy.
Timelines for MSME Idea Hackathon 4.0
Ideas received as fully completed applications from 11th September – 26th September 2024 will be considered for Incubation support under the MSME Idea Hackathon 4.0 scheme on the Portal meant for the purpose through the link: https://my.msme.gov.in/inc/
Application Procedure for MSME Idea Hackathon 4.0
MSME Idea Hackathon 4.0 scheme on the Portal meant for the purpose through the link: https://my.msme.gov.in/inc/
After clicking the above link, the screen will appear as below
Click the Join MSME Idea Hackathon 4.0, the screen will be appear as below
After clicking on the Registration button, the Registration window will be displayed, enter all the details.
If the MSME category is selected, Enter Udyam Registration and Mobile Number and click on Validate Udyam Registration button, all details get filled automatically after successful validation.
The applicant has the option to choose the Host Institutes (HI) in their State. In case there is no HI, the applicant may choose an HI of their choice from any other state after clicking on Validate & Generate OTP button, OTP will be sent to the registered email Id & Mobile No. Enter all details and click on Validate & Submit button.
After clicking on Validate & Submit button, the registration successful confirmation message window will be displayed, click on the OK button
Go to the home page. Click Join MSME Idea Hackathon 4.0 Button
Click the Join MSME Idea Hackathon 4.0, the screen will be appear as below
Click the Sign in button , the screen will be appear as below
Click the Submit Idea in button , the screen will be appear as below
Click on Apply button, Idea proposal window will be displayed.
Sample proposal Idea
| 1 | HIBI State | CHHATISGARH |
| 2. | HI/BI Name | Shri Rawatpura Sarkar University, Raipur |
| 3. | Title of proposed idea/innovation: | Design and development of small scale milk disinfection system |
| 4. | Briefly explain newness/uniqueness of the innovation: | Technical difference from available technology methods It is using Plasma based UV creation instead of mercury bulb technology prevalent in market. Existing mercury based technology poses serious threat to environment. Existing Mercury bulbs produces a limited range of UV spectrum vis-à-vis new plasma based technology, hence limiting the use vis-à-vis the plasma technology. |
| 5. | Concept & Objective | Concept-India is the largest milk producer in the world. However, our milk is considered one of the most poor quality milk as per international standards of permitted bacterial growth before treatment. Bacterial count in Indian Raw Milk used for processing is 1000 times higher then the permitted international standards . Biggest challenge emanates from three key factors |
| 6. | Specify the potential areas of application in industry/market in brief | The key application area targeted as of now are . Milk a. Raw Milk Preservation at farmer level, till it reaches organized handlers b. Milk preservation at intermediate stage collection points, before it reaches processing plant Not in scope of our project. |
| 7 | Briefly provide the market potential of idea/innovation | Milk is India’s largest crop produced by farmers, with a market size of approximately INR 6.5 Lac Crores (USD 100 Billion) – and this is just raw milk market. Our innovation is applicable to the entire milk market of India. With a simple act of quality improvement from this research, |
| 8 | Uploaded Business Proposal | View/Download |