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  Social Responsibility

Innovation
Published on: Oct. 21, 2020, 4:37 p.m.
Infotech company KPIT works with MAGIC in Aurangabad
  • KPIT founder chairman Ravi Pandit (3rd from right) with Dr R.S. Mashelkar and last year’s awardees

By Sekhar Seshan. Consulting Editor, Business India

Prizes totalling Rs21 lakh are on offer to college and university students as the Pune-headquartered KPIT Technologies Ltd gets in with its Sparkle 2021as a partner of the Chamber of Marathwada Industries and Agriculture (CMIA) for its Marathwada Accelerator for Growth and Incubation Council (MAGIC).

KPIT Sparkle, which is one of India’s largest contests focused on creating a culture of innovation and providing students with an opportunity to come up with ideas to solve socially relevant issues, brings industry and academia together to shape the innovations of the future. Faculty and students of undergraduate, post-graduate and PhD courses from the science, engineering, design and management streams of colleges and universities all over India find a platform at this seven-year-old initiative. This year’s competition theme is ‘Mobility & Energy for the Future’.

A global technology company with software solutions that “help mobility leapfrog towards an autonomous, clean, smart and connected future”, KPIT’s Sparkle platform organises student innovation contests known as i Innovate and i can Crack IT as a CSR initiative, targeted towards inculcating innovation in academic. MAGIC is one of the few incubators from all over the country which are partnering with it for next year’s awards. 

With a stated mission of supporting, nurturing and mentoring innovation for students within STEM (science, technology, engineering, and mathematics)with a focus on the areas of mobility and energy, it aims at spreading the culture of innovation at the grassroots level and inculcating innovative thinking to identify and solve a real-life use-case/problem by developing a solution.

Its other objectives are to give an opportunity to indigenous solutions to rise to the problems faced by India within these areas; encourage students to generate IP and facilitate them to secure their intellectual property; facilitate incubation across the country; encourage students to become entrepreneurs; and provide the faculty of academic institutions a hands-on experience on problem-solving and strengthening the student-mentor bond.

KPIT Sparkle 2021 is supported by the National Science & Technology Entrepreneurship Development Board (NSTEDB), established in 1982 under the aegis of the Department of Science & Technology as an institutional mechanism to help promote knowledge-driven and technology-intensive enterprises.

The prizes are princely: the platinum category is Rs10 lakh and gold is Rs5 lakh; there are two silver awards of Rs2.5 lakh each and one ‘most popular’, of Rs1 lakh. The mentors for the winning teams also win a total of Rs60,000: Rs25,000 is for the platinum team, Rs15,000 for the gold and Rs10,000 each for the silver teams.

In 2019, Team Aqua from Army Institute of Technology, Pune, had won the platinum award of Rs10,00,000 for developing a vertical axis water turbine (VAWT), which is 24 per cent more efficient than a conventional system.


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