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Steel Ministry initiative - #myLOVESTEELidea challange

Steel News - Published on Mon, 20 Nov 2017

Image Source: kioclltd.in
Indian steel ministry has invited people to participate in our #myLOVESTEELidea contest and share thier pitch. It said that make sure that you are answering these questions in your pitch:

What is your #myLOVESTEELidea, what is the Unique Selling Point? (Max 500 Words)
Who are your potential/ existing customers?
Describe the use case of the product. What customer problem does it solve?
What technologies/ processes/ etc. will you utilize to bring your idea to fruition?
Who are your exiting competitors?
How is your product offering different from available alternatives in the market?
Describe your plan to market and sell the product.
What milestones do you have in mind?
Describe your team
How can Ministry of Steel help you execute your idea?

Objective - Promote Start-Up India, Stand-Up India and provide support (5 lakh for first, 3 lakh for second and 2 lakh for third) for steel related innovation, deployment or commercialization of new product, processes or services or intellectual property.
Theme of the Challenge

#myLOVESTEELidea - Come up with the best ways to use steel for creating new and innovative products for general public and / or businesses that are practical and commercially viable.
Eligibility Criteria

This Contest is open to
Individuals/professionals
A team of individuals/professionals (Maximum 3 Team Members including Team Leader)
Indian start ups
Participant(s) must be of minimum 18-years
The total employee of the startup must not be exceed 50
Upon short listing of idea, individuals/professionals must obtain no objection certificate from their employer if applicable

Application Process
Go the ‘Participate’ link
Fill-in your personal information
While sharing your concept make sure that you read the criteria that is mentioned in the brief
Click on Submit

Selection Criteria
Entries that fulfil the criteria mentioned above only will be entertained.
Keeping in mind the objective of encouraging the usage of steel, the concepts shared should be well thought-through from the initial process to how it will be marketed.
Incomplete entries will not entertained.

Selection Process - A Committee of Experts will go through each of the entries and will select the three winners as per the criteria mentioned (refer to the Brief of the challenge to know if you are answering all the questions)

For any queries, please send mail at:steel.iitf2017@gov.in

Important Dates
Start date – 15th November 2017
End date – 15th December 2017

Awards
Translate your STEEL idea into reality and win Rupees 10 Lakh
Top three ideas will get:
FIRST – Rupees 5 Lakh
SECOND – Rupees 3 Lakh
THIRD – Rupees 2 Lakh

Source :

Posted By : Nanda Koijam on Mon, 20 Nov 2017
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