The Youth Ideathon 2022 for India @75 (Azadi Ka Amrit Mahotsav) has been announced by the Ministry of Skill Development and Entrepreneurship (MSDE) and CBSE. This multi-stage event has invited young people to submit their innovative business ideas in an effort to "not only strive to identify, showcase, and feature some of India's brightest young entrepreneurial minds, but will also work toward instilling the spirit of innovation and entrepreneurship among school students."
Students can take part in the ideathon for free if they are a student in classes 4 to 12 from anywhere in India, including schools abroad that are connected with the CBSE. On youthideathon.in/submit-your-idea, they must submit their ideas. Competition is on a team basis. Only teams of three to five members, with a minimum of three and a maximum of five, are allowed to compete. These teams must be made up of only eligible students.
The top 25 teams will each receive a prize of Rs 10,000 in addition to a prototype award. The top 10 teams, chosen from among these top 25, would receive an incubation grant of Rs 100,000 apiece. The best female student innovator will receive a cash prize of Rs 25,000 from Sheatwork, a one-stop resource for women entrepreneurs.
The event was first introduced a year ago by the MSDE's Management Entrepreneurship Professional Skills Council (MEPSC), Central Board of Secondary Education (CBSE), and ThinkStartup (TS). According to the official press release, it will be a four-stage festival of entrepreneurial thought with exciting incentives and recognition opportunities for students, mentor teachers, and schools.
An additional fifth round will be included in the youth ideathon this year with the goal of developing high-potential student business concepts. Through this programme, young people will receive support and direction in identifying social problems, proposing solutions that can address those problems, and helping to develop those prototypes into actual solutions by giving them financial aid and exposure to relevant industries.