Indus Motor Company (IMC) and Pakistan Innovation Foundation (PIF) have announced the launch of National Innovation Grand Challenge (NIGC) 2013-14. A year-long 'Open Innovation' competition, NICG encourages Pakistani Innovators, youth, students, professionals, entrepreneurs and citizens to innovate to solve Pakistan's development challenge in four main areas of Agriculture, Energy, Sanitation and Manufacturing.
IMC, being the founding partner of PIF, is sponsoring the award for best innovation in the manufacturing sector, titled the Toyota Manufacturing Innovation Challenge (TMIC).
The award is worth Rs 1,000,000 for the best Innovation and will be judged by a jury based on specific criteria. Details of these criteria can be viewed at the PIF website www.pif.org.pk.
The challenge invites creative minds from all over Pakistan to come up with unique and innovative ideas in two critical domains. 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%. 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 commercialisation in Pakistan.-PR