In an effort to fuel the growth of India’s entrepreneurial lifestyle, MQDC through its flagship brand “Whizdom” has partnered with TurningIdeas on a program that focuses on the proliferation of start-ups, creating future leaders and innovating in areas of wellness and sustainability in India.
Dedicated to driving success and enhancing grassroots innovation, Whizdom has launched a grand challenge that intends to recognize the individuals who are passionate to innovate, experiment, lead and inspire – the budding entrepreneurs, who believe in contributing towards the global well-being!
The top 5 winners will get access to our world-class start-up co-working infrastructure in Thailand and India (Whizdom Club), along with connections to grow beyond India. The winners will be selected at a ‘Pitch Day’ during the grand finale. The Whizdom Grand Finale will be held on 1st June 2019 in Delhi.
Start-up Domains for Challenge
Health, Lifestyle & Wellness, Education, Real estate & Construction, Agritech
Problem Statement
Health:
Establish affordable, effective systems of access to scalable, quality healthcare and healthcare records.
Lifestyle & Wellness:
Create solutions to address lifestyle needs and technology or non-tech solutions for wellness e.g. stress.
Education:
Create initiatives that seek to provide affordable, sustainable enrolment and access to educational programs at scale.
Real Estate & Construction:
Provide solutions for affordable housing, intelligent building solutions and property-tech solutions.
Agritech:
Provide solutions to address issues around soil testing methodologies, e-marketplace, price forecast, yield estimation and other issues where technology can be the enabler.
Event Format
Round 1: Application
Apply online at https://www.f6s.com/thewhizdominnovationchallenge/apply with the executive summary and other details of your Start-up or B-Plan. After clicking on the link, log in with Facebook & LinkedIn to continue to apply.
Round 2: Shortlisting
Shortlisted Teams will be given a 10 minute slot to present their idea online (through live meetings) to a jury. The presentation should cover aspects of the problem, solution, monetization and team for your ideas.
Each team will be provided 10 days’ time to prepare their presentation (in predefined presentation format). They will be allotted 15 minutes to present on the Whizdom Live shortlisting platform.
Round 3: Final Pitching
Based on the B-plan, creativity, feasibility, raised funds and other factors, the top 10 finalists will be invited to pitch their ideas in Delhi.
Selection Criteria
● Start-ups should be solving genuine problem
● Proposed solution should be scalable
● Start-up must have tested the product /proposed solution (either as Prototype/MVP)
● Clear Business model with Unit Economics (if possible)
● The selection and rewards given are subject to the jury decision based on the quality of applications
Eligibility Criteria
Entrepreneurs with highly innovative ideas and business models that solve for a global/local problem, making a large-scale socio-economic impact, are invited to apply.
● The event is open for teams comprising of Business school students, undergraduate students, corporate professionals, as well as other independent individuals (employed or unemployed).
● A team can have a maximum of 4 members. Members can be from any organization. Members may or may not be from the same organization.
Rules
Maximum of 4 members per team.
● The decisions of the organizers of the contest will be final and binding on all the participants.
● The organizers reserve the right to any changes to the rules and regulations.
● The format and structure of events is subject to change before the actual beginning of the event.
Prizes
● Three month Incubation
● Free one-month incubation support in Thailand – all expenses to be covered by MQDC including tickets and accommodation.
● This will be followed by 2-months free incubation support in India at the Whizdom incubation centre in GK II, Delhi.
● Each start-up can send up to 2 members i.e. a total of 5*2= 10 persons.
● Access to international companies for presenting your idea/product.
● Preferred access to our Investment partners for fundraising.
Click here for further information
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