The University Challenge will cater to ideation and incubation of concepts (both industrial and social) sourced from universities across India. Out of 250 expected submissions, 30 will be down-selected as Phase-A finalists (15-Social and 15-Industrial).
Phase A: Ideation
Through a highly competitive process, 30 university teams will be shortlisted from the total number of applications received. These 30 university teams will be mentored by IIT Bombay on presenting their ideas to a panel at a IIGP Innovators Tank event with each team getting 30 minutes to pitch their ideas. As a result 10 teams will be selected to go further in the Programme. These 10 teams will then be provided research grants of INR 10 Lacs each for developing a concept/prototype and opportunities to participate in a Design Thinking workshop, mentoring and periodic feedback through monthly/quarterly reviews.
At the end of the year, these 10 teams are expected to be on par with start-ups applying for IIGP 2.0 Phase B through the Open Innovation Challenge.
Phase B: Innovation
The top 10 teams undergo IIM-A boot camp and receive further mentoring by IIGP 2.0 partners. Finally, four university teams will be down selected from Phase B winners and each will be awarded research grant of INR 25 Lacs enabling them to advance to Phase C, where they will work in parallel with the teams in the Open Innovation Challenge.