Date : 7th February, 2020
TO MEMBERS OF THE COUNCIL,
Re : Invitation of Application to “Startup India Textile Grand Challenge” for innovative ideas & rewards
India is a global manufacturing hub for textiles and apparel, coping with growing international and domestic demand. The global textiles market is projected to reach $1.3 trillion by 2025. Similarly, the domestic market for apparel is estimated to reach $59.3 billion by 2022 and that for textiles to grow to $223 billion by 2021. Innovation is the engine of growth for any sector and thus, the Ministry of Textiles, Govt. of India is accepting online Applications from the industry-heads to “Startup India Textile Grand Challenge” to bring innovative ideas on front and reward them.
Details of the “Startup India Textile Grand Challenge” are as follows :
The expectation from the applications across both problem statements is:
- Using natural textile, biodegradable, low cost, indigenous, environment friendly alternatives such as Jute, cotton, wool, silk for replacing single and multi use plastic bags
- Suggesting cost effective, robust designs for the following segments of various capacities (volume and weight)
• Minimum Viable Product (MVP)
• Proof of Concept (POC)
• The deployed solution which requires further scaling up
7. Incentives
Fiscal Incentives
Single Use Plastic Alternative-
First Winner- INR 3,00,000
Second Winner- INR 2,00,000
Third Winner- INR 1,00,000
Multi-Use Plastic Alternative-
First Winner- INR 3,00,000
Second Winner- INR 2,00,000
Third Winner- INR 1,00,000
1. On receipt of applications, there will be a preliminary check and due-diligence to scrutinize the applications.
2. Next, an interim jury of experts will review the eligible applications and shortlist the best entries on the basis of an evaluation criteria.
9. Last date of Application : 13th Feb 2020
In view of the above, all those interested in making their valued contributions to showcase their innovative ideas on the above subject, are requested to immediately apply online at the Application Link (https://www.startupindia.gov.in/content/sih/en/ams-application/challenge.html?applicationId=5e0f01b1e4b09d3f89a22e87) directly to the Ministry of Textiles under intimation to the Council on or before the deadline (13th Feb 2020) as given above.
Regards,
S.BALARAJU
EXECUTIVE DIRECTOR