IIT Palakkad Technology Hub announces Rs 2 crore for startups working on renewable energy and safety

IIT Palakkad Technology IHub Foundation (IPTIF) is offering up to Rs 2 crore through its flagship national contest Samarth Maha Utsav to encourage innovation in Renewable Energy and Safety. The Tech hub is encouraging innovators, entrepreneurs and startups in the renewable energy and safety sector by funding teams that have a viable prototype and business plan for large-scale commercialization.

Samarth Maha Utsav aims to play a critical role in driving innovation in the energy and safety sectors, helping to address some of the major challenges facing these industries, and helping to drive progress and improve the lives of individuals and communities around the world. The innovations submitted by the team would be evaluated on criteria such as Innovativeness, Technical Competence, Social Impact, Scalability and potential besides Commercial Viability.