ibsiic.spit.ac.in IEEE Bombay Section Innovative Idea Competition 2015

Organisation : IEEE Bombay Section
Announcement : IEEE Bombay Section Innovative Idea Competition-2015

Home Page : http://ibsiic.spit.ac.in/ibs_iic_2015.html

IEEE Bombay Section Innovative Idea Competition-2015 :
IEEE Bombay Section Innovative Idea Competition-2015 is an event of IEEE Bombay section for IEEE student members.

Students group not more than 3 students in one group, can submit implementable Innovative Idea which is based on Current Technology and has market significance with adequate value proposition. All submissions must be in English only. Submission of innovative Idea can be done by filling the form online on IEEE Bombay section website.

There will be mainly two tracks :
1. Hardware
2. Software

The evaluation plan is as follows, There will be three rounds of evaluation.

Round 1 : Elimination Round
A team of experts will evaluate each proposal on the basis of following parameters, Originality, Practical Feasibility, Financial Feasibility and Market Significance. Non implementable, articulated, over budgeted idea will get rejected.

Selected innovative idea will be considered for Round-2.

Round 2 : Selection Round
Students group will present proposed innovative idea before the Selection panel. A team of experts will evaluate each group based on the following information. Innovation, Value Proposition, Product Survey information and Market Significance.

Student Participants will be awarded a certificate of participation. Students presenting their idea in Round 2 from outside Mumbai region will be reimbursed traveling expenses.

Round 3 : Funding Round
Prize winning Innovative idea will be pitched before industry representative to seek funding for prototype development. Students group will be required to present Implementation Plan, List of major Hardware and Software components.

Selected students group in each category (Hardware and Software) will be awarded cash prize
First Prize : Rs 10,000/–
Second Prize : Rs 6,000/–
Third Prize : Rs 4,000/–

Schedule of Competition :
Round 1 : Elimination Round
Announcement of Competition : 15-08-2015
Last day for submission : 15-09-2015
Announcement of Selection for Round-2 : 30-09-2015

Round 2 : Selection Round
Presentation of Innovative Idea : 03-10-2015
Announcement of Winner : 05-10-2015

Round 3 : Funding Round
Presentation before Industry Representatives : 10-10-2015