How to Participate?

Innovation and participation Challenge:

For participation, each team must register through a team leader, specify team members and their affiliation. Addition and change of team members is permissible till the last date. Number of team members could be from 1-5. Team may have members drawn from different departments or discipline. All members of the team should be the registered DAVV student.

On the event date (19th Feb-2018):

A team will provide the space of 1mtr x 1mtr to present their idea through poster or color printout. On 19th February 2018, all team members should be present at Venue M-Block, IET-DAVV at 9:00am sharp. The panel of judges will review the idea and rank them accordingly.

Prizes and Awards:

  • Best three winning teams receive the prize, medal (Gold, Silver and bronze) and certificate.
  • Best business idea may get Rs 2 lakhs funding for project implementation.
  • All participating teams receive the certificate of participation.
  • Winning team shall earn Internship in Industry.

Registration Example

The below Registration Example is just to help you, to the answers we expect for the fields asked in the registration form. This is just a guideline, further if you have any query, then you can contact on given mobile numbers.

About the Business:
    Q1) Is it a product/ Service/idea?
    Ans) The first is that a service is an intangible process that cannot be weighed or measured, whereas a good product is a tangible output of a process that has physical dimensions. While Idea is a thought or suggestion as to a possible course of action.

    Q2) What is the technology behind the Product/Service?
    Ans) In computer like Java, PhP, Oracle, etc
    Robotics :-Agricultural robot
    Closed ecological systems :-Cultured meat
    Precision agriculture :-Vertical farming

    Q3) What is the expected possible innovation?
    Ans) The proposed plan will become a product like mobile device, computer part, or can improve any system e.g. railway reservation system etc.

    Q4)  What is the Anticipated future growth potential of the proposed plan?
    Ans) Growth potential is an organization's future ability to generate larger profits, expand its workforce and increase production.
    The proposed plan would be successful and what are your anticipations e.g.
    in 1 st year you sale 1 lakhs units
    in 2 nd year your sale would be double i.e. 100%
    in 3 rd year your sale would be ......
    .in 10 th year  ........

    Q5) What is the expected size of the market and its growth?
    Ans) The number of individuals in a certain market who are potential buyers and/or sellers of a product or service. Companies are interested in knowing the market size before launching a new product or service in an area. e.g. your product will benefit the kids of  age in between 1 year and 2 years and there are say 2 lakhs kids in India belongs to that category so your market size is 2 lakhs.  Next year more 25 thousands (net) kids will come in that category so potential growth is 12.5%

About the Financial Requirement
    Q1) What is the expected cost of purchase of raw materials?
    Ans) If it computer related idea then no row material cost needed. But for product like hardware need materials or component cost (Chemicals, PCB, IC, etc) Mentioned: Approximate cost.

    Q2) What is the product development cost /consultancy cost?
    Ans) Cost of consultancy for specific services required for product development.

Steps are as follows:

Devi Ahilya Vishwavidyalaya-Indore, will be organizing an annual competition named “Innovation and Entrepreneurship Challenge -2018” on 19thFebruary 2018 to nurture the spirit of creativity, innovation and entrepreneurship among the students of various Departments of the University. The objective of the competition is to create awareness in the students about the spirits of innovation, invention and job creation, so that they can help in the nation building process.

    Step I:
    (i) To participate in this event, team should register themselves through the webpage.
    (ii) On the webpage click on “register” button and fill all necessary information about your business plan or idea. ( for query refer example template on same web page)
    (iii) Last date (Extended) for registration is 15th Feb, 2018

    Step II: (on Event Date: 19th Feb, 2018)
    (i) The students are expected to present their innovative ideas and business plans through a poster presentation (May be Hand Written, Print Out) on 19th Feb 2018 at M-Block IET-DAVV.
    (ii) We provide you a space of 1mtr*1Mtr to stick your poster.
    (iii) All participating team should report at 10:00am sharp on venue.
    (iv) The ideas will be evaluated by a team of experts drawn from the academia/industry.
    (v) The team have an opportunity to get medal or intern ship form various industry.

Registrations are now closed!!