IIM-C hunts for 50 'solutions' that can transform country

New Delhi, Sept 20: The Indian Institute of Magement - Calcutta (IIM-C) on Wednesday launched an innovation hunt project to identify and fund 50 cutting-edge start-up projects that will target the socio-economic transformation of the country. Conceptualised in association with the Department of Science and Technology (DST), the ‘Smart Fifty - 50 Solutions to Transform India’ will accept entries tiolly and intertiolly for the next six months. It will filter them at every step with a simultaneous increase in the funding corpus as it rrows entries. The IIM-C Innovation Project (IIMCIP) will help the selected few in real life know-how of sustaining their ventures and fundraising, while the DST will provide access to the start-up ecosystem and seed fund for prototyping. The top 50 business ideas will get a seed grant of Rs 4 lakh each, and the top 10 will use a total grant of Rs 10 crore among themselves. Ten of such ideas will be selected from Singapore and North America. (IANS)