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MSME Idea Hackathon
Ministry for Micro, Small, and Medium Enterprises (MSME) has recently launched the MSME Innovative Scheme (Incubation, Design, and IPR). As part of the incubation scheme, the government also announced the launch of an MSME Idea Hackathon to invite ideas from MSMEs, innovators, and students through host institutes from March 10 to March 24, 2022. through this initiative adoption of advanced technology necessary for manufacturing will be promoted along with enhancement of knowledge-based innovative MSMEsThe objective of the MSME Idea Hackathon
The primary objective of the MSME Idea Hackathon is to provide Support for Entrepreneurial and Managerial Development of MSMEs through Incubators.Eligibility to Apply for the MSME Idea Hackathon
Ideas in MSME Idea Hackathon 2022 are being invited from Innovators and MSMEs from all over India under the scheme of the MSME Innovative Scheme (Incubation, Design, and IPR). Any person as an individual or MSME, having innovative ideas is eligible to avail the benefits of this scheme. The person should have an innovative sort of idea which can be converted into a prototype and further in business activity. The person is being called Incubatee.Benefits Offered
The Host Institutions (HI) approved for the scheme will be supported by the Office of DC-MSME. Incubatees’ selected ideas will be provided funding support upto Rs. 15 lakhs per approved idea, through the Host Institutes chosen by them.Criteria for Ideas
The mandate for Ideas All ideas should contain, inter-alia, following basic types of Innovation Processes:- Marketing & Branding: Innovation related to the customer experience.
- Ideation: Innovation related to the product idea & concept.
- Technology: Innovation related to product functionality.
- Co-creation: Innovation related to customer involvement.
- Social Innovation: Innovation related to the corporate culture.
- Entrepreneurship: Innovation related to entrepreneurial thinking.
- Open Innovation: Innovation related to stakeholders.
- Business Model Innovation: Innovation related to the purpose and strategy.
Timelines for MSME Idea Hackathon
MSME Idea Hackathon invites ideas from MSMEs, innovators, and students through host institutes from March 10 to March 24, 2022.Host Institute and Business Incubator
Application Procedure for MSME Idea Hackathon 2022
The procedure to apply for MSME Idea Hackathon 2022 is as follows: After opening the official website of the Ministry of Micro Small Medium Enterprises (MSME), click on the JOIN MSME IDEA HACKATHON 2022 option. The link will redirect to a new page.







About the Author
RENU SURESHRenu Suresh is a proficient writer with a knack for turning intricate legal concepts into clear, actionable advice. Her articles empower entrepreneurs by providing the knowledge they need to navigate the complexities of business laws, ensuring they can start and manage their businesses effectively.
Updated on: March 19th, 2022
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