Goals and Objectives

‘Chetna 2015’ seeks to encourage entrepreneurially-oriented students to develop their ideas, present them in a convincing manner, and witness their ideas come to life at the DEI Entrepreneurship Virtual Incubation Cell (EVIC). As part of this endeavour, the competition intends to provide students with a forum to create a novel idea for a new approach, product, service, or venture; to develop skills in show-casing their ideas to potential investors and partners in order to receive constructive feedback; and to possibly witness their idea come to life by utilizing the incubated facilities within the DEI EVIC. Thus, students who participate will have the opportunity to:

·         Learn how to present themselves and their ideas in a concise and effective manner, conveying a sense of passion and a commitment to making a difference in the nation and the world.

·         Capture and retain the attention of potential sponsors, investors, or other possible supporters.

·         Nurture their ideas into successful full-scale marketable products by utilizing the state-of-the-art incubation facilities available within the DEI EVIC, together with the support from potential sponsors (AADEIs, etc.), investors, and industry experts.

Chetna Themes

Education (Culture, Values and Quality), Energy, Health, Water, and Waste Management.

Some indicative (though not exhaustive) directions for ideation include:

Education (Culture, Values, and Quality):

·         Conservation of cultural heritage

·         Preservation of bio-diversity

·         Learning & practicing of values

·         Developing sensibilities for classless & casteless society

·         Low cost education aids

-   at your door

-   for better employability

-   for better cooperation

-  for nurturing innovation

Energy:

·         Development of energy audit kits for household use

·         Smart micro grids

·         Green buildings

·         Solar agri farms

·         Zero energy buildings

Health:

·         Production of inexpensive non-toxic herbal cigarettes and tobacco chewing gum for reduction of tobacco abuse.

·         Development of low cost, ultra fast urine, stool and blood test kits.

·         Development of non-invasive blood sugar measuring devices / production of low cost glucometers.

·         Development of low cost devices to detect iron and calcium deficiency in women.

·         Mass production of herbal drinks (such as Amla Squash, Panna and Aloe Vera Juice) to replace soft drinks and colas.   

·         Development of recycling systems for hospital waste as an alternate source of energy.

·         Development of technology for production of low cost herbal drugs on mass scale.

Water:

·         Development of low cost micro-irrigation systems

·         Low cost water purification systems

·         Low cost recharging of ground water

·         Low cost solutions for recycling and reuse of waste water

·         Low cost rainwater storage reservoirs

·         Detection and removal of harmful microbes, chemicals and heavy metals in water

·         Low speed wind mills to lift water

·         Utilization of evapo-transpiration for water use

Waste management:

·         Waste disposal for energy production and use

·         Recycling of expired medicines

·         Local waste segregation and management

·         Simple tools to solve the issue of manual scavenging

·         Local or immediate energy generation from solid degradable waste

Awards / Prizes

There will be three final winners from amongst the applicants. Each winner will be awarded the DEI Entrepreneurship Award for a total prize money of Rs. 2,40,000/-, paid monthly @ Rs. 20,000/- per month for one-year. 

In addition, each winner will have the opportunity to avail all the facilities in the DEI EVIC for nurturing their idea to a full-scale marketable product together with mentored guidance and support from successful entrepreneurs and industry experts.

Incubation Cell Profile