MNRE opens renewables innovation challenge to startups

Startups and individuals are invited to submit their innovative ideas to solve some of the key challenges through application of renewable energy. The innovation should at least be in prototype stage and feasible for deployment. The winner will receive a cash prize of Rs10 lakh, while the first runner up will earn Rs7 lakh and the second runner up Rs5 lakh. Applications close on August 31.

Participants can also submit innovations in end-to-end delivery for rooftop solar and efficiency improvement of charge controllers.

Image: Purdue University

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The MNRE Startup Grand Challenge—launched by the Ministry of New and Renewable Energy—provides startups and innovators a unique opportunity to solve problems in the areas of livelihood, health and water through innovative use of renewable energy.

Innovative technologies and concepts can also be submitted in areas of renewables’ integration to the grid, demand forecasting and response, resource management, end-to-end delivery and use of the Internet of Things for optimizing renewable energy and its utilization.

Business models, products and market platforms for renewable energy application in mobility, as well as advanced energy storage application in decentralized off-grid and utility-scale renewable power projects are also welcome.

Contest is open to all individuals, academic institutes, research labs or startups developing an innovative product, service or business model. The innovation should at least be in prototype stage and feasible for deployment.

Eligible applications will be evaluated by a Committee comprising representation from relevant fields. The shortlisted startups/innovators will be asked to showcase their product or idea to the Committee.

The top three winning solutions will be declared by the first week of October 2019.  Selected applicants shall be provided the opportunity to exhibit their prototype during RE-INVEST 2019, and will be provided need-based incubation support by MNRE.

 

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