AGL 40.10 Decreased By ▼ -0.90 (-2.2%)
AIRLINK 127.80 Decreased By ▼ -0.34 (-0.27%)
BOP 6.60 Decreased By ▼ -0.10 (-1.49%)
CNERGY 4.60 Increased By ▲ 0.08 (1.77%)
DCL 8.58 Decreased By ▼ -0.03 (-0.35%)
DFML 41.40 Increased By ▲ 0.31 (0.75%)
DGKC 86.50 Decreased By ▼ -0.63 (-0.72%)
FCCL 32.13 Decreased By ▼ -1.26 (-3.77%)
FFBL 65.40 Decreased By ▼ -0.01 (-0.02%)
FFL 10.27 Decreased By ▼ -0.20 (-1.91%)
HUBC 110.60 Decreased By ▼ -0.03 (-0.03%)
HUMNL 14.70 Decreased By ▼ -0.60 (-3.92%)
KEL 5.15 Increased By ▲ 0.17 (3.41%)
KOSM 7.15 Decreased By ▼ -0.28 (-3.77%)
MLCF 41.69 Decreased By ▼ -1.30 (-3.02%)
NBP 60.20 Decreased By ▼ -0.22 (-0.36%)
OGDC 194.48 Decreased By ▼ -3.16 (-1.6%)
PAEL 27.95 Decreased By ▼ -1.06 (-3.65%)
PIBTL 7.98 Decreased By ▼ -0.28 (-3.39%)
PPL 150.52 Decreased By ▼ -3.64 (-2.36%)
PRL 27.08 Increased By ▲ 2.08 (8.32%)
PTC 16.08 Decreased By ▼ -0.01 (-0.06%)
SEARL 78.20 Decreased By ▼ -0.25 (-0.32%)
TELE 7.42 Increased By ▲ 0.05 (0.68%)
TOMCL 35.70 Decreased By ▼ -0.39 (-1.08%)
TPLP 7.90 Decreased By ▼ -0.17 (-2.11%)
TREET 15.87 Decreased By ▼ -0.09 (-0.56%)
TRG 52.70 Decreased By ▼ -0.66 (-1.24%)
UNITY 26.65 Decreased By ▼ -0.06 (-0.22%)
WTL 1.28 Increased By ▲ 0.01 (0.79%)
BR100 9,920 Decreased By -52.1 (-0.52%)
BR30 30,751 Decreased By -346.3 (-1.11%)
KSE100 93,225 Decreased By -423.8 (-0.45%)
KSE30 28,885 Decreased By -132.9 (-0.46%)

imageISLAMABAD: Pakistan Innovation Foundation (PIF) and Indus Motor Company (IMC) has announced the launch of National Innovation Grand Challenge (NICG) 2013-14,with objective to solve challenges of the country in areas including agriculture, energy, rural development, and manufacturing.

A year-long `Open Innovation' competition, NIGC encourages Pakistani innovators, youth, students, professionals, entrepreneurs and citizens to innovate for solving country's problems.

"The challenge invites creative minds from all over Pakistan to come up with unique and innovative ideas in two critical domains", official sources told.

He said the first challenge is to develop a replicable, scalable and marketable product or process that enhances productivity, reduces energy requirement or reduces industrial waste by at least 33 percent.

The second challenge is to develop an innovative product, service, or tool that complements or enhances the utility of a manufactured product and has a compelling market potential and cost-performance profile for rapid commercialization in Pakistan.

The winners shall bag Rs1,000,000 (1 Million) `Open Innovation' Prize and Rs500,000 (0.5 Million) Dedicated Student Prize.

The announcement was made by the Senior Leadership PIF and Toyota Pakistan which is founding corporate member of the Foundation.

"The Corporate sector has a special role to play in innovation,many of them have systems and processes in place to drive innovation internally.so they can help us in driving innovation projects across Pakistan", said Chairman PIF Saad Amanullah Khan.

Faisal Muneeb Khan, Senior General Manager , Indus Motor Company, said "There is paramount need to grow our local industry and nurture human capital in order to develop our economy.

Patterned after the famous X-Prize and Grand Challenges in Health, Toyota Manufacturing Innovation Challenge builds upon Toyota's stewardship of the manufacturing industry and the tremendous talent that Pakistan has within its youth and young professionals as demonstrated in competitions such as Shell Eco-Marathon, Microsoft Imagine Cup, and International Science Olympiads.

The Competition is Open now and those seeking to compete can register on PIF's website (http://www.pif.org.pk/NIGC-2013).

The contestants shall go through a 10 month long process in three distinct stages of Design, Prototype, and Demonstration Phases that will end in July 2014.

Contestants will receive guidance, mentoring, and training throughout the process that will end in the announcement of finalists. The winners shall be announced in August 2014 at a National Conference and Innovation Showcase.

Comments

Comments are closed.