The Indian Institute of Technology (IIT) Palakkad Technology IHub Foundation has devised the ‘Oorga Grand Challenge,’ a pre-incubation activity for students and entrepreneurs (IOTIF).
India, New Delhi: The Indian Institute of Technology (IIT) Palakkad Technology IHub Foundation (IOTIF) has created the ‘Oorga Grand Challenge,’ a pre-incubation activity for students and entrepreneurs with the purpose of opening the way for innovation in the national and global energy sectors.
According to the institute, the prize money for designing after shortlisting may be up to Rs 1.5 lakh, up to Rs 10 lakh for prototyping after design assessment, and up to Rs 25 lakh for incubation after prototype evaluation.
“The goal of the Oorja Grand Challenge is to empower energy innovators to create and implement intelligent collaborative systems.” Students, researchers, and entrepreneurs at IIT Palakkad may form teams capable of leading fundamental research, product development, industry development, and job creation in the Indian and global energy sectors, according to the institute.
Dr. Albert Sunny, Director, IPTIF, and Project Director, Technology Innovation Hub on Intellisgent Collaborative Systems (TIH ICS), said of the competition’s expected consequences, “The purpose of this national-wide challenge is to hunt for technology solutions in the energy industry.” These solutions must be user-friendly, cost-effective on a large scale, and effective. Energy storage, generation, conversion, and transportation / distribution technology solutions are expected, but they are not limited to them.”
“We’re also looking at energy generation technologies that are greener (such as solar thermal and wind), have a high power/energy density (such as nuclear reactors), and are safe to use (for example, better nuclear storage and use, and better hydroelectric planning to avoid flooding risks),” said Harilal Bhaskar, IPTIF’s General Manager.
The foundation will offer a two-month Oorja Webinar Series from January 11 to February 24.
According to the organisation, entrepreneurs with a business strategy that can lead to technology and manufacturing jobs, as well as innovators with energy-focused firm concepts, will be given precedence.