MSME Idea Hackathon 2023: Result, Winner List & Last Date

MSME Idea Hackathon 2023 Apply Online & Registration Form | Benefits & Features | MSME Idea Hackathon Check Hackathon Amount & Last Date | MSME Idea Hackathon Registration & Login Portal | Check Beneficiary Category & All Details |

For creating entrepreneurial skills among youngsters, MSME Idea Hackathon has been launched by the Ministry of Micro Small Medium Enterprises. The last date to apply online under this hackathon is 10th March 2022. Students will be given opportunities to bring innovative ideas to the job creators. This will bring the policies of Atmanirbhar Bharat.

Through this article you will get all the information regarding the MSME Idea Hackathon 2023 such as objectives, eligibility criteria, benefits, features and important documents, etc. beside with that, we will bring up to date with the step-by-step application procedure for applying online under this hackathon.

MSME Idea Hackathon 2023

Financial assistance of Rs. 15,00,000/- to Rs. 1,00,00,000/- will be provided to the entrepreneurs in the form of loan amounts under the MSME Idea Hackathon so that the entrepreneurs will be able to carry out their own businesses after starting their own business. For this, the beneficiaries will need to bring their innovative ideas on job creation.

Now Indian citizens can apply online under the MSME Idea Hackathon for receiving loan amounts of Rs. 15 lakhs to 1 crore. The last date for online form submission will be 10th March 2022. Applicants will be encouraged for nurturing the ideas of business set-up. The main aim is to settle up new and creative business ideas among youngsters.

MSME Idea Hackathon 2023: Result, Winner List and Last Date

Highlights of MSME Idea Hackathon 2023

The highlights of this hackathon are as follows:-

Name Of The HackathonMSME Idea Hackathon
Launched ByMinistry of Micro Small Medium Enterprises
Delegated MinistryMinistry of Electronics & Information Technology
Allocated PortalMSME Portal
ObjectiveTo provide loan grants for new start-ups
BenefitEntrepreneurs will be able to develop their ideas 
Applicable ToCitizens of India
Delegated MinistryMinistry of Micro Small Medium Enterprises
Delegated Bodies Host Institute and Business Incubator
No. of Delegated Bodies 2
BeneficiariesEntrepreneurs
Mode Of TransferDBT (Direct Benefit Transfer)
Payment Mechanisme-payment mechanism
Form of BenefitLoan amount
Scholarship TransferralOne Time Payment
Amount of benefitRs. 15,00,000/- to Rs. 1 Crores
Hosting SiteNational Information Center (NIC)
Mode Of ApplicationOnline
Tenure1 Year
Last Date of Online Form Submission10th March 2022
Mode of applicationOnline
Office AddressMinistry of Micro, Small and Medium Enterprises Udyog Bhawan,
Rafi Marg,
New Delhi – 110011
Official websitewww.msme.gov.in  

Objectives of MSME Idea Hackathon 2023

The primary objective of launching the MSME Idea Hackathon is to develop innovative and creative ideas and plans among youngsters and newly developed entrepreneurs so that they will be able to develop their businesses after receiving the hackathon amount provided to them after getting as eligible beneficiaries. The applicant must be an Indian.

Another objective of launching the MSME Idea Hackathon is to provide loan amounts of Rs. 15,00,000/- to Rs. 1,00,000,00/- so that the applicants and newly developed Entrepreneurs will be able to start up their businesses with the newest and mind-blowing ideas without suffering and lacking the financial funds. The last date for online form submission is 10th March 2022.

MSME Idea Hackathon Statistics

The statistics of this hackathon are as follows:-

Approved Ideas 910
Financial Assistance Released 36 Crores

Beneficiary Category

This hackathon will only be provided to the applicants or beneficiaries who belong to that beneficiary category which have been set up by the selection body or selection committee. The applicants applying online under this hackathon must ensure that they have built up new and creative ideas and they are also entrepreneurs.

Hackathon Amount

The hackathon amount will only be provided to those candidates or applicants who have been considered eligible for receiving this amount. Variable financial amounts or assistance will be provided to the beneficiary who has been considered eligible. Hackathon amount from Rs. 15 lakhs to 1 crore will be provided to the entrepreneurs.

Last Date To Apply Online

The applicants or newly developed Entrepreneurs will need to apply online under the MSME Idea Hackathon before the last date of online form submission for getting timely registration.  This will redress the issues of server hanging issues. The last date for online form submission is 10th March 2022. On-time registration will get provided to the students.

Idea Criteria

The following criteria must be used at the time of inventing ideas for the business start-up:-

Idea Criteria
Marketing & BrandingInnovation related to the customer experience
IdeationInnovation related to the product idea & concept
TechnologyInnovation related to product functionality
Co-creationInnovation related to customer involvement
Social InnovationInnovation related to the corporate culture
EntrepreneurshipInnovation related to entrepreneurial thinking
Open InnovationInnovation related to stakeholders
Business Model InnovationInnovation related to the purpose and strategy

4 Stage Selection Procedure

The ideas of the beneficiaries will be selected after carrying out 4 stage selection process:-  

  • 1st Stage: Evaluation by the HostInstitutes
  • 2nd Stage: Evaluation by MoMSME
  • 3rd Stage: Selection of Ideas by DESC
  • 4th Stage: Final Selection by Project Monitoring & Advisory Committee

Delegated Bodies

The lists of delegated bodies are as follows:-

  • Host Institute
  • Business Incubator

Empanelled Training Institutes

The lists of empanelled training institutes are as follows:-

Technology Centres (earlier known as Tool Rooms/Technology Development Centres)Central Tool Room & Training Centre, (CTTC), BhubaneswarIndo Danish Tool Room, (IDTR), JamshedpurCentral Tool Room & Training Centre, (CTTC), Kolkata
Tool Room & Training Centre (TRTC), GuwahatiIndo German Tool Room, (IGTR), AurangabadIndo German Tool Room, (IGTR), IndoreIndo German Tool Room, (IGTR), Ahmedabad
Central Institute of Hand Tools (CIHT), JalandharCentral Institute of Tool Design (CITD), HyderabadInstitute for Design of Electrical Measuring Instruments (IDEMI), MumbaiElectronics Service & Training Centre (ESTC), Ramnagar
Process and Product Development Centre (PPDC), AgraFragrance & Flavour Development Centre (FFDC), KannaujCentre for the Development of Glass Industry (CDGI), FirozabadCentral Footwear Training Institute (CFTI) Agra
Central Footwear Training Institute (CFTI) ChennaiProcess cum Product Development Centre (PPDC), MeerutCentral Tool Room (CTR), LudhianaNational Institute for Micro, Small and Medium Enterprises (ni-msme)

Benefits of MSME Idea Hackathon 2023

The benefits of this hackathon are as follows:-

  • Entrepreneurs with medium, small and micro ideas will be able to secure their financial amounts under the MSME Idea Hackathon.
  • The applicants or beneficiaries will be given financial assistance of Rs. 15 lakhs to 1 crore.
  • Businessmen or businesswomen will be able to generate and create innovative ideas.
  • This will enlarge and expand the values of Atmanirbhar Bharat.
  • A new venture will get generated and created.
  • This will make them financially independent.
  • There are various idea criteria that have been provided to the beneficiary for inventing enterprises.
  • The applicants can use their money for the machinery set-up.
  • One can apply online under the MSME Idea Hackathon by 10th March 2022.
  • Students can fetch more information regarding this hackathon after visiting the official website.

Features of MSME Idea Hackathon 2023

The features of this hackathon are as follows:-

  • MSME Idea Hackathon has been launched by the Ministry of Micro Small Medium Enterprises.
  • Hackathon amount of Rs. ranging from 15 lakhs to 1 crore will be provided to the beneficiary considered eligible.
  • This amount will be provided to the entrepreneur in the form of a loan amount.
  • The amounts provided to the beneficiary can be used by the applicant for setting up the business or venture.
  • Entrepreneurs can work on the 11 included fields for creating innovative ideas.
  • The ideas of the beneficiaries will be selected after carrying out 4 stage selection process.
  • This hackathon has been created for the generation of newly developed as well as creative ideas and skills among newly developed businesswomen and businessmen.
  • Both Host Institute and Business Incubator will be delegated the task of nurturing business ideas.
  • The last date to apply online under the MSME Idea Hackathon is 10th March 2022.
  • For getting more information, one can visit the official website.

Eligibility Criteria 

For applying online under this hackathon, the applicant must possess the following criteria mentioned below:-

  • The applicant must be an Indian.
  • The applicant or beneficiary must be an entrepreneur.

Important Documents

Some of the important documents required to apply online under this hackathon as per given below:-

  • Aadhar Card
  • DOB Certificate
  • Residential Certificate
  • Latest Passport Size Photograph
  • Bank Account Details
  • Photo Id Proof
  • Working Email ID
  • Active Mobile Number

Process To Apply Online Under MSME Idea Hackathon

The applicants will need to follow the mentioned below steps for getting online registration:-

Process To Apply Online Under MSME Idea Hackathon
Process To Apply Online Under MSME Idea Hackathon
  • Fill in the asked details such as:-
    • Institute NameName of the Dean / Principal / Head of the InstituteAddress of InstitutionSelect Category of the Host InstituteStateDistrictPin CodeMobile NumberTel No. with STD codeEmail IdUser IDPasswordConfirm Password
    • Verification Code
  • Now click on the Submit button.
  • In this way, you will get registration to the portal.  

To Do Login

The applicants will need to follow the mentioned below steps to do login to the portal:-

  • Visit the official website first.
  • On the homepage, click on Login (HI).
To Do Login
  • The login form will get displayed on your screen.
  • Fill in the asked details such as:-
    • User ID
    • Password
    • Verification Code
  • Now click on the Login Me button.

Contact Information

In case if you have any doubts and questions coming to your mind regarding the MSME Idea Hackathon, then you can contact the mentioned below office address:-

  • Office Address:-
    • Ministry of Micro, Small and Medium Enterprises Udyog Bhawan,
    • Rafi Marg,
    • New Delhi – 11001

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