From 996 applications from 25 states, 24 teams were shortlisted and received training and mentoring along with financial support of up to Rs 5 lakh to build their prototypes and evolve their business models.
Indian Institute of Technology Madras and Virtusa Corporation organized the grand finale of the Second Edition of Carbon Zero Challenge, an All-India innovation and entrepreneurship contest, on campus today (7th June 2019). Its objective is to identify and curate practical innovative and indigenous solutions with a sound business case at scale to solve energy and environmental problems in India.
The challenge aims to create a global impact by combining three powerful factors of Innovation and Entrepreneurship, Energy and Environment and Youth to protect future generations. The winners were announced on June 07, 2019 during the Grand Finale.
The Top 3 Projects Are:
Circular Economy Domain: A self-sustained integrated closed cycle coconut shell activated carbon production process by Pristine Energia, a student team from IIT Madras (Members: Muthu Kumar K, Syed Mughees Ali, Mentors: Prof. Varunkumar S, Thileepan Panchatsaram, Dr. Shantha K Shankar)
Electric Vehicle Domain: Electric powertrain solutions for E-commerce logistics by Clean Electric, a startup from IIT-BHU Varanasi (Team Members: Akash Gupta, Praveen Kumar Yadav, Mentor: Laltu Chandra, SK Sharma, KS Ramanujan)
Clean Energy Domain: A tubular PEM Fuel Cell that is open-cathode and air-breathing, developed by Elicius Energy, an IIT Madras-incubated startup (Team Members: Sam Pearn-Rowe, Suseendiran Ravichandran, Amit Bhosale, Rishaban Radhakrishnan, Niyas Attashery; Mentor: Prof. Raghunathan Rengaswamy)
Two projects received a special mention from the Jury
1. Agriculture Domain: An agricultural dehydrator to increase the shelf life of fruits, vegetables and spices by Carpro Technologies, a startup from Coimbatore (Member: Uthayakumar. K., Surendran. PB, Mentor: Sriram Sankaran)
2. Electric Vehicle Domain: an Electric Kick Scooter by IngoElectric, a startup from Bengaluru (Team members: Nikhil Gonsalves, Manjunath Panthangi, Anirudh SC, Kartik KV and Mentor Philip Mathias)
Sending a message for this occasion, Shambhu Kallolikar IAS, Principal Secretary to TN Government, Environment and Forests Department, said, “Innovations can bring about a paradigm shift in tackling energy and environmental challenges by providing affordable, low-carbon, scalable and industry-acceptable solutions. I believe Carbon Zero Challenge contest is a significant step in the right direction in encouraging home-grown technology to solve the nation’s problems.”
Further, Shambhu Kallolikar added, “The Government of Tamil Nadu is keen to encourage startups and innovation in the state and committed to supporting sustainable solutions. The state will also welcome green entrepreneurs and provide the necessary support for a startup in this sector to grow in Tamil Nadu, creating both solutions to problems and jobs.”
CZeroC19 started with 996 applications from 25 states across India. After a rigorous process of shortlisting by business experts and technical experts, 24 teams were selected. These shortlisted teams received training and mentoring in addition to the financial support of up to Rs.5 lakhs over a period of 6 months to build their prototypes and evolve their business models.
Checking The Progress
The progress of the teams was closely monitored throughout the contest with staged fund release, monthly progress reports, and a one-on-one mid-term review by a panel of judges. The contest culminated in a three-day exhibition launched on World environment day, June 5, 2019, during which 21 experts headed by a three-member jury panel from industry and academia evaluated the teams
Why Is It Important?
The challenge is a one-of-its-kind contest and a pioneering initiative by IIT Madras and fully supported by Virtusa Corporation. The program’s uniqueness lies in the fact that it is one-of-its-kind initiative in its category that focuses on the energy and environment technological innovations at a national level and supports the eco-entrepreneurs in the 5 thematic areas.
The larger goal is to foster a sustainable ecosystem wherein clean technology ideas can emerge and develop into long-term solutions.
Speaking on the occasion as Guest of Honor, Sundararajan Narayanan, Executive Vice President, and Chief People Officer, Virtusa Corporation said, “For the second year in a row, we are proud to collaborate with IIT Madras in the Carbon Zero Challenge 2019. Our goal is to promote sustainable opportunities and inspire young entrepreneurs to drive sustainable development. Given this rapid pace of change, Virtusa is aptly positioned in the market to leverage our digital engineering heritage to innovate and help reduce environmental footprint, demonstrate ethical maturity and encourage a cohesive and mutually respectable corporate culture for its workforce.”
An expert panel of Screening Committee from the thematic areas and clean technology fields evaluated the initial set of 996 applications and the top 84 teams from all over India were shortlisted for Interviews. The shortlisted 84 teams pitched their project ideas to a Panel of Expert Jury on October 26 and 27, 2018. From this, a total of 24 teams tackling agriculture, environment, energy, water, and societal problems were selected to go to the next phase of CZeroC.
Apart from funding support of the order of Rs. 5 lakh per team provided to build prototypes, the shortlisted teams received continued training and mentorship from experts from both India and abroad.
Purpose At Large
Launched on June 5, 2018, this 2nd edition of the Cleantech Innovation Contest attracted teams comprising students/early entrepreneurs and/or startups from across 25 states. The name ‘Carbon Zero’ signifies the collective humanitarian goal of minimizing greenhouse gas emissions, providing clean air and water and sustainability. Seeking out innovative solutions to address these is a small step towards achieving this objective.
Take A Note!
Prof. Indumathi Nambi, Department of Civil Engineering, IIT Madras, and Coordinator Carbon Zero Challenge, said, “A recent report indicates India is the third most polluted country in the world and 600 million people face an extreme water crisis. Innovations & entrepreneurship in cleantech domains; water, waste, energy is the need of the hour. Motivating young minds to ideate, innovate, incubate should be the top priority of every academic institute. This is the motto for the Carbon Zero Challenge”
(Source – IndiaToday)