☰
Business India ×
  Social Responsibility

Innovation
Published on: Oct. 21, 2020, 4:37 p.m.
Infotech company KPIT works with MAGIC in Aurangabad

  • KPIT founder chairman Ravi Pandit (3rd from right) with Dr R.S. Mashelkar and last year’s awardees

By Sekhar Seshan. Consulting Editor, Business India

Prizes totalling Rs21 lakh are on offer to college and university students as the Pune-headquartered KPIT Technologies Ltd gets in with its Sparkle 2021as a partner of the Chamber of Marathwada Industries and Agriculture (CMIA) for its Marathwada Accelerator for Growth and Incubation Council (MAGIC).

KPIT Sparkle, which is one of India’s largest contests focused on creating a culture of innovation and providing students with an opportunity to come up with ideas to solve socially relevant issues, brings industry and academia together to shape the innovations of the future. Faculty and students of undergraduate, post-graduate and PhD courses from the science, engineering, design and management streams of colleges and universities all over India find a platform at this seven-year-old initiative. This year’s competition theme is ‘Mobility & Energy for the Future’.

A global technology company with software solutions that “help mobility leapfrog towards an autonomous, clean, smart and connected future”, KPIT’s Sparkle platform organises student innovation contests known as i Innovate and i can Crack IT as a CSR initiative, targeted towards inculcating innovation in academic. MAGIC is one of the few incubators from all over the country which are partnering with it for next year’s awards. 

With a stated mission of supporting, nurturing and mentoring innovation for students within STEM (science, technology, engineering, and mathematics)with a focus on the areas of mobility and energy, it aims at spreading the culture of innovation at the grassroots level and inculcating innovative thinking to identify and solve a real-life use-case/problem by developing a solution.

Its other objectives are to give an opportunity to indigenous solutions to rise to the problems faced by India within these areas; encourage students to generate IP and facilitate them to secure their intellectual property; facilitate incubation across the country; encourage students to become entrepreneurs; and provide the faculty of academic institutions a hands-on experience on problem-solving and strengthening the student-mentor bond.

KPIT Sparkle 2021 is supported by the National Science & Technology Entrepreneurship Development Board (NSTEDB), established in 1982 under the aegis of the Department of Science & Technology as an institutional mechanism to help promote knowledge-driven and technology-intensive enterprises.

The prizes are princely: the platinum category is Rs10 lakh and gold is Rs5 lakh; there are two silver awards of Rs2.5 lakh each and one ‘most popular’, of Rs1 lakh. The mentors for the winning teams also win a total of Rs60,000: Rs25,000 is for the platinum team, Rs15,000 for the gold and Rs10,000 each for the silver teams.

In 2019, Team Aqua from Army Institute of Technology, Pune, had won the platinum award of Rs10,00,000 for developing a vertical axis water turbine (VAWT), which is 24 per cent more efficient than a conventional system.


Don't miss this

Healthcare

Goodyear India partners Americares India Foundation

Published on Feb. 2, 2021, 9:21 p.m.

The partnership will support COVID-19 healthcare facilities in Faridabad and Aurangabad

Environment

Tata Motors launches a 'Go Green' initiative

Published on Dec. 23, 2020, 10:34 a.m.

The company will plant a sapling for the sale of every new commercial vehicle

Women Empowerment

Tata Starbucks ties up with Educate Girls to empower women

Published on Dec. 2, 2020, 3:10 p.m.

The partnership aims to provide volunteering and educational support to those who have relocated to urban cities from villages

Environment

Indian Oil has a social initiative for a clean and green world

Published on Nov. 25, 2020, 2:53 a.m.

The public sector company is planting a tree for every retail customer visit during its TreeCheers campaign period

E-MAGAZINE
BI 1094 Digital Dabur 2.0

Click to Read

Sitharaman Plays it Safe

Click to Read

BI 1092 Digital-Sensex @ 50000

Click to Read

Climate Change

Environment

Low maintenace, sustainable green spaces

Published on Feb. 4, 2021, 10:48 a.m.

The Center for Environment Concerns launches a pilot for greening road medians and urban areas

Energy

Husk Power uses rice husk to generate electricity in rural India

Published on Dec. 23, 2020, 9:32 a.m.

The company provides grid compatible and reliable power to customers

Energy

Smart Joules and energy saving solutions

Published on Nov. 17, 2020, 10:17 a.m.

The company's full-stack solution guarantees 15 per cent energy savings and zero upfront costs to the customer

Green Buildings

The GreenPro Ecolabel Standard for steel rebars will help a green built environment

Published on Nov. 5, 2020, 9:33 a.m.

Eight companies have already achieved CII’s Green Building Congress 2020 new standard