Finovista

Project Information

  • Client:Rebeca
  • Date:17 March, 2023
  • Category:Modern
  • Author:Mark Willy
  • Place:Paris

National Bamboo Innovation Challenge 2022

National Bamboo Innovation Challenge 2022 was managed by Finovista on behalf of the Foundation for MSME Clusters (FMC). The programme had been supported by The Office of the Principal Scientific Adviser to the Government of India. The challenged fund would lead to the identification of business opportunities in the Indian bamboo industry and start-ups and innovators who were keen to take it forward. This challenged fund was opened for participants from all over India.

FMC had been implementing a project: "Promote Bamboo MSME Clusters For Sustainable Development" in 9 states (Viz: Assam, Arunachal Pradesh, Meghalaya, Mizoram, Tripura, Odisha, Chhattisgarh, Jharkhand & Madhya Pradesh) with the overall objective of promoting bamboo as a sustainable resource and generate green jobs. FMC was implementing this project in partnership with SIDBI (Small Industrial Development Bank Of India), CEMCA (Commonwealth Educational Media Centre For Asia), and CBS (Copenhagen Business School).

Further, FMC in collaboration with Friedrich Naumann Foundation for Freedom is currently implementing “Empower Startups and Micro Enterprises (MEs) to grow Business their 2022 Initiatives". The overall objective of the program is to create a one-stop knowledge repository for startups by arranging Expert/Technical sessions and enabling a virtual platform letsstartup.net through which Startups can pitch their ideas and can access potential investments from various investors.

To tap into the potential of Innovative Indian Bamboo startups, FMC, through Finovista has designed the “National Bamboo Innovation Challenge 2022”. The programme aims to identify and support Innovative innovators, startups, and SMEs to develop and scale up through the Innovation Challenge. Innovative startups and their ideas would be mapped.

These startups and Innovators would be then supported under the three categories:

– Idea Stage

– Prototype Development and test marketing stage

– Commercial Production Stage

Programme Opportunity & Benefits

The programme offered a comprehensive set of opportunities and benefits to startups/innovators. The shortlisted top 15 companies/innovators would be provided with business support, 2 weeks of multidisciplinary training & mentoring support, incubation support, financial support (grant), networking, market access (90 days of virtual listing and 2 days of exhibition on https://www.letsstartup.net/) and international linkages. The top 15 start-ups would be awarded a cash grant in the form of financial support for three stages, with a total of INR 7. 25 lakhs.

Link of the Video 

https://drive.google.com/file/d/1DRe1KBbYpXwiad7q73zHuRnjsB3kxbGV/view?usp=share_link

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