(IC)2, Inter College Innovation Challenge, is a unique programme by Rajan Nanda Innovation Lab (RNIL) – an innovative body owned by one of India’s most reputed engineering conglomerates – Escorts Limited.
The programme gives students from colleges across India an opportunity to transform their ideas into flourishing businesses. In its first year, (IC)2 is inviting entries in the fields of agri-tech and infra-tech. RNIL will fund the top 5 innovative ideas with seed money of Rs. 10 lakhs each, for a total of Rs. 50 lakhs. So, if you have a path-breaking business idea, apply now. Who knows the one signing the business deal by the end of the challenge is you?
Register your team and submit your idea to the IC2 team for assessment. The idea must be submitted in the required format and must be accompanied by a descriptive video. The video should not be more than 5 minutes long and the file size should not be exceeding 300 MB.
Our panel of esteemed judges will separate into smaller groups, divide the entries among themselves and evaluate them on the basis of the following parameters:
Each parameter carries a weightage of 25 points. The top 20 entries will be shortlisted for the next round. In case of ties, the cases will be re-evaluated by the complete panel.
The Finale will be a day event with a live audience of at least 250 people. Each participant will get 10 minutes to present a pitch deck incorporating what their idea is, its journey for the next 5 years, and the business valuation. Post the presentation, the jury will conduct a 10-minute question-and-answer round during which the audience will also get the opportunity to ask 3 questions. By the end of the day, our judging panel will announce the 10 best ideas for the grand finale. The final winners will only be announced at the Grand Finale.
On the day of Grand Finale, the top 5 innovative ideas will be announced and will sign the deal with our honourable Chairman & Managing Director of Escorts Group - Mr. Nikhil Nanda. Besides receiving the seed funding of Rs. 10 lakhs each for their dream ventures, the winners will also get to share their success stories with the Escorts family - which will go live on our social media platforms, website and news channels.
Entries are open for the challenge Register Now