The Indian School of Business (ISB), in association with the ministry of science and technology, is organising Metamorphosis "" a platform to bring together grassroot innovators and B-school students. | |
| Metamorphosis is a unique competition where students will vie with one another to help an Indian innovator make it big. The team of students will not only design a business plan but also become the 'startup management team' for the business. The Wadhwani Centre for Entrepreneurship Development (WCED) at the ISB will their mentor and support the entire team in their future venture. |
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| ISB stated in a press release that it has invited students from B-schools and IITs to come up with viable business plans to take these innovations to the market so that it can be made available to Indians across the counter. |
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| The competition has attracted 135 teams of students from various B-schools and IITs from across the country. Of these, 15 teams have been selected for the final round of the competition, which will be held on December 17, 2007 at the ISB campus. |
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| Senior officials from the National Bank for Agriculture and Rural Development (Nabard) and IIT Mumbai, among others will be the judges for the event. |
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| The Centre has identified several inventors and has supported them with initial funding to develop their ideas into a well-functioning prototype. Of these, 15 innovators have been chosen on the basis of the potential of their innovation to become marketable products. |
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| The inventors come from small towns such as Junagadh, Mohali, Madurai, Nellore, Sangli, and Pune, as well as from Chennai and Hyderabad. ISB is taking them to the next step by providing them with business opportunities and to reach out to the public. |
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| Some of the interesting innovations that feature in the final round of the competition are Sanjha Chulha, large stove for large-scale cooking that uses crop waste as fuel, Auto Distractor, an equipment used for correcting congenital defects like short or deformed limbs, polio disabilities and defects due to accidents, Active HeatingôCooling Apparel, user controlled cooling and heating apparel, which can maintain a comfortable body temperature and protect it from extreme weather conditions and a Mini Tractor, a small size tractor ideal for farmers with small land holdings and offering multiple benefits in cost and maintenance. |
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