Innovations is an annual event hosted by the Pune Chapter IIT Bombay Alumni Association in January every year, with the aim of helping innovators and entrepreneurs of India to create and expand the ecosystem around them. The event showcases the select few innovators to an elite gathering of VCs and experts. Innovations 2010 is the fourth event in their series and will feature presentations by 16 selected innovators from around the country.
The focus of Innovations is on novel ideas in practice, primarily originating from Science and Technology. In the past, innovations in the form of processes, products and applications from varied fields such as medicine, agriculture, mechanical/electronic/chemical technology/ Information Technology etc. have been showcased. The innovations to be showcased are selected by a panel of experts drawn from various application areas. They also work with the selected innovators to fine tune their presentation and bring out the unique features.
While the event is arranged by the IITB Alumni Association in Pune, the innovators and participants can be from anywhere. The innovator can benefit from peer recognition, an introduction to the IIT alumni network & mentorship if required. Some of the past innovators were able obtain funding to take their product to the next level. Other interested parties and investors get an opportunity to learn about new ideas and applications and to network.
Note: this is not necessarily a “startup” event. Innovators from all fields, irrespective of their educational qualifications, age group or affiliations to any organizations are welcome to submit their entry. Your entry may be a process, product, design, method, application or even a business model or a model of social entrepreneurship. Innovations from all fields are welcome. Entries are sought from individuals, research/academic institutions, NGOs, or corporate entities (with an annual turnover less than Rs. 50 Crore). Eligibility criteria for submitting an innovation entry are
- Innovation must be a truly novel idea
- Must be based on the application of science / technology
- The idea should have been introduced in practice
Nominations can be submitted at the innovations website. The last date for nominations is October 30th. The actual event will happen on 9th January, 2010, in Pune.