Atal Incubation Centre- BIMTECH hosted an international innovation challenge in the fond memory of Late Shri B.K Birla Ji in 2019-20, by the name of B.K Birla Global Innovation Challenge 2020 (BGIC 2020), which attracted 860 innovations across 5 countries. (PFA the document for detailed insights about the event). This event was partnered with UN Global Compact Network India, which sowed the seeds of a partnership that would foster in the coming time.
During the spread of COVID-19, when the world was trying to understand these rapidly changing and volatile times, we saw a ray of light in the spurt of innovations that are capable of addressing seemingly new issues the world faces. As both entities recognized that their focus lies towards the same goal, i.e. supporting innovation that can provide solutions to the new problems in these new times, during the pandemic and after, Global Impact Innovation Challenge 2020 came into existence.
Good Health and Well-being
In order to be eligible to apply and participate, all teams must meet the following criteria:
The team can be represented in the competition by a maximum of two members.
There is no restriction on the age or background of applicants.
If the submission is a venture, the venture must not have been in existence for more than 3 years.
Any submission must have a prototype/pilot.
The entries received will be recognized by the “name” of the venture/idea.
The applicants may or may not be Indian Nationals; however, the venture should be aimed at creating an impact in India, with global possibilities.
The Judges will review and evaluate the Impact Proposals of all the teams using the following criteria:
The Business Model
Innovation and uniqueness offered by the business model
Clarity of the business model
Financial feasibility of the business model
Scalability of the business model
Feasibility of implementation plan
Clarity of vision, social and financial objectives
Quality of the management team
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