Innovation Categories
Tech Development
For innovations under TRL4, we will provide them product development support
Manufacturing Partnership
For TRL4 and above innovations, we will connect them to strategic manufacturing partners
TRL - Technology Readiness Level
Technology Readiness Levels (TRL) are a measurement system used to assess the maturity level of a particular technology. Each technology project is evaluated against the parameters for each technology level and assigned a TRL rating based on the progress. There are nine technology readiness levels. TRL 1 is the lowest, and TRL 9 is the highest.
A TRL number is obtained once the description in the diagram has been achieved. For example, successfully achieving TRL 4 (lab environment) does not move the technology to TRL 5. TRL 5 is achieved once component/ breadboard validation is in a relevant environment. The technology remains TRL 4 until the relevant environmental validation is complete.
Tech Development
This challenge is for startups and academic/ research institutes that do not have a ready PoC (who are under TRL4). iCreate will curate problem statements vetted by industry experts, evaluate the entries, and provide necessary support for product development, by way of rapid prototyping and testing facilities, technology mentoring, and funding of up to Rs 5 lakh.
PRIZES
(for each 3 categories):
1st - Rs 10 lakh
2nd - Rs 7.5 lakh
3rd - Rs 5 lakh
Five consolation prizes - Rs 3 lakh