MSME IDEA HACKATHON 4.0

MSME Idea Hackathon 4.0: Who Can Join and How to Apply?

MSME Idea Hackathon 4.0 is a prestigious initiative hosted by the Ministry of Micro Small and Medium Enterprises (MSME) designed to foster innovation and promote the adoption of advanced technologies within the MSME sector. Multiple Host Institutions (HI) across India including leading educational institutions like Nalanda Institute of Technology Bhubaneswar have been selected to facilitate and mentor participants. This national-level event provides a platform for innovators to present their breakthrough ideas, receive mentorship, and access significant financial support to develop their ideas into functional prototypes.

Who Can Participate in MSME Idea Hackathon 4.0?

The MSME Idea Hackathon 4.0 is open to a diverse range of participants ensuring that no creative potential is left untapped. Here’s a breakdown of who can apply:

  • Innovators of Indian Origin: Any individual of Indian origin with a valid email and mobile number is eligible to participate in the hackathon. This open eligibility criterion allows innovators from across the country to present their ideas and contribute to the growth of MSMEs in India.
  • Categories for Registration:
    • MSME Category: Registered MSMEs can participate by submitting their Udyam Registration Number.
    • Student Category: Students must submit a valid Student Identity Card for the academic year 2024-2025.
    • Others Category: Open to individual innovators such as freelancers, researchers, or independent innovators.

Role of Host Institutions in MSME Idea Hackathon 4.0

Host Institutions (HI) play a critical role by providing mentorship, guidance, and resources to develop ideas into prototypes. Nalanda Institute of Technology Bhubaneswar is one of the leading institutions supporting participants. Each HI provides access to infrastructure and expert mentors to assist in the development process.

Key Roles of a Host Institution:

  • Mentorship and Guidance
  • Access to Resources
  • Financial Support Distribution

Financial Assistance for Idea Development

Approved ideas can receive up to Rs. 15 lakh in financial support provided to the selected Host Institution to assist with developing the idea into a working prototype.

Objectives of MSME Idea Hackathon 4.0

  • Promoting Untapped Creativity
  • Driving Technological Adoption (AI, Blockchain, IoT, etc.)
  • Validating Ideas at Proof-of-Concept Level
  • Encouraging Entrepreneurship

How to Apply for MSME Idea Hackathon 4.0?

To participate, follow these simple steps:

  • Select a Host Institution like Nalanda Institute of Technology Bhubaneswar
  • Choose Your Category
  • Submit Your Idea
  • Evaluation Process: Ideas will be evaluated by a panel of experts

The MSME Idea Hackathon 4.0 is an unparalleled opportunity for innovators, MSMEs, and students to showcase their creative ideas and receive financial support and expert mentorship. By participating, you not only stand a chance to win up to Rs. 15 lakhs but also contribute to the advancement of the MSME sector in India.

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