Theme based Ideas in “MSME Idea Hackathon 2.0” are being invited from Students, Innovators, and MSMEs from all over India under the scheme of the Office of Development Commissioner – Incubation Component of MSME Innovative Scheme under the umbrella of MSME Champions Scheme.
🚀 • To promote all forms of innovations in the complete value chain from developing ideas into innovative applications through incubation and design interventions.
💡 • To provide appropriate facilities and support for the development of the concept to market, design competitiveness and protection & commercialization of Intellectual creating the ons the of MSME sector.
⚙️ • To promote a culture of innovation and creative problem solving through knowledge sharing and collaboration amongst industry, academia, government institutions, research laboratories etc
📈 • To serve as a connecting link between industrial/academia leaders and innovators, in order to encourage new product development and hand-holding.
🔗 • To focus on developing affordable innovations that can benefit a large number of people and at the same time be commercially viable and sustainable.
The Host Institutions (HI) approved for the scheme will be supported by the Office of DC-MSME. The selected ideas will be provided funding support for nurturing and development of the idea up to Rs. 15 lakhs per approved idea, through the Host Institutes chosen by them.
The Scheme covered the following themes:
• (Agriculture) Digital Agriculture
• (Agriculture) Organic composting
• (Health) Low-cost Indigenous Digital Healthcare System
• (Health) Potable Water Solutions
• (Power/IT) E-Festival
• (Power/IT) E-vehicles
• (Power/IT) AVGC (Animation, Visual, Gaming& Comics)
• (Power/IT) Cloud Computing
• (Service) Supply Chain Management Solutions
• (Service) Eco-friendly & Sustainable furniture
• (Service) Safety in Transportation & Industry
• (Service) Disaster Management
• (Misc.) Alternative Material for Single Use Plastic
• (SUP)
• (Misc.) Sustainable fashion
• (Misc.) Waste to Wealth creation, Circular solutions & waste management
MSME Innovative scheme has 3 components:
Financial support up to Rs. 15.00 lakh to HI for nurturing of an idea. This support will be given in two instalments of 70 % and 30%.
🎯 The objective of this component is to bring the Indian manufacturing sector and Design expertise/ Design fraternity onto a common platform. It aims to provide expert advice and cost-effective solution to real-time design problems for new product development, its continuous improvement and value addition in existing/new products
📐 The Design scheme will help MSMEs to avail advice on all aspects of design. It helps MSMEs realize and achieve their design-related objectives. This specialist advice will be provided by experienced designers for new product development as well as for enhancing existing product portfolios
💰 To facilitate MSMEs to develop new design strategies and or design-related products through interventions and consultancy
🛠️ Financial assistance under this activity will be utilised for the engagement of design consultants for design interventions and expenses pertaining to the development of prototype/product. For the design projects approved for any MSME, 75% (Micro) and 60% (Small & Medium) of the total project cost will be contributed by GoI up to a maximum of Rs. 40 lakhs and the remaining project cost will be borne by MSMEs and deposited to the IA
📑 Student Project - - This component supports the design work of bonafide students by providing financial assistance up to Rs. 2.5 lakh. For the student design projects approved for any MSME,75% of the total project cost will be contributed by GoI up to a maximum of Rs. 2.5 lakh and the remaining project cost will be borne by MSME and deposited to the IA.
Activities /Benefits under IPR components
| Activity | Funding Amount |
|---|---|
| Patent Filing | $5,000 |
| Trademark Registration | $3,000 |
| Copyright Protection | $2,000 |
| Legal Support | $4,000 |
| IP Awareness Programs | $1,500 |