MSME Idea Hackathon 2024: Result, Winner List & Last Date

MSME Idea Hackathon 2024 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 |

To help young people develop their entrepreneurial skills, the Ministry of Micro, Small, and Medium Enterprises has introduced the MSME Idea Hackathon. Students can showcase their innovative ideas to potential employers and contribute to the policies of Atmanirbhar Bharat. Don’t miss out on this opportunity! Apply online for the hackathon before the deadline to secure your spot.

Through this article, you will get all the information regarding the MSME Idea Hackathon 2024 such as objectives, eligibility criteria, benefits, features and important documents, etc. Besides that, we will bring up to date with the step-by-step application procedure for applying online under this hackathon.

MSME Idea Hackathon 2024

The MSME Idea Hackathon offers entrepreneurs financial support through loans ranging from Rs. 15,00,000 to Rs. 1,00,00,000, empowering them to launch and sustain their businesses. Beneficiaries are required to present innovative ideas aimed at job creation to qualify for this assistance. This initiative fosters entrepreneurship by providing resources to turn creative concepts into successful ventures, contributing to economic growth and job creation.

Entrepreneurs participating in the MSME Idea Hackathon can access financial backing through loans ranging from Rs. 15,00,000 to Rs. 1,00,00,000. This support empowers them to establish and sustain their ventures. To qualify, beneficiaries must present innovative ideas aimed at job creation. This initiative fosters entrepreneurship and economic growth by providing resources to turn creative concepts into thriving businesses.

MSME Idea Hackathon: Result, Winner List and Last Date

Highlights of MSME Idea Hackathon 2024

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 BodiesHost Institute and Business Incubator
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 SubmissionWill be updated soon
Mode of applicationOnline
Office AddressMinistry of Micro, Small and Medium Enterprises Udyog Bhawan,
Rafi Marg,
New Delhi – 110011

Objectives of MSME Idea Hackathon

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 becoming 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 selection procedure shall go through 4 stages.

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.

MSME Idea 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 amounts from Rs. 15 lakhs to 1 crore will be provided to the entrepreneurs.

MSME Idea Hackathon Last Date

As this scholarship has been recently launched, the last date to apply online for this scholarship has not been updated yet through the use of social networking sites. Whenever the last date of online form submission is launched, we will update you through this article by which you will be able to get registration.

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), Bhubaneswar
  • Indo Danish Tool Room, (IDTR), Jamshedpur
  • Central Tool Room & Training Centre, (CTTC), Kolkata
  • Tool Room & Training Centre (TRTC), Guwahati
  • Indo German Tool Room, (IGTR), Aurangabad
  • Indo German Tool Room, (IGTR), Indore
  • Indo German Tool Room, (IGTR), Ahmedabad
  • Central Institute of Hand Tools (CIHT), Jalandhar
  • Central Institute of Tool Design (CITD), Hyderabad
  • Institute for Design of Electrical Measuring Instruments (IDEMI), Mumbai
  • Electronics Service & Training Centre (ESTC), Ramnagar
  • Process and Product Development Centre (PPDC), Agra
  • Fragrance & Flavour Development Centre (FFDC), Kannauj
  • Centre for the Development of Glass Industry (CDGI), Firozabad
  • Central Footwear Training Institute (CFTI) Agra
  • Central Footwear Training Institute (CFTI) Chennai
  • Process cum Product Development Centre (PPDC), Meerut
  • Central Tool Room (CTR), Ludhiana
  • National Institute for Micro, Small and Medium Enterprises (ni-msme)

MSME Idea Hackathon: Key Guidelines

Participating in an MSME Idea Hackathon can be an exciting and rewarding experience. To ensure that you make the most of this opportunity, it is essential to familiarize yourself with the key guidelines provided by the organizers. Here are 10 important points to keep in mind:-

  • Eligibility: Make sure you meet the eligibility criteria specified by the organizers. Check if there are any restrictions on the team size or participation requirements.
  • Theme: Understand the theme of the hackathon and align your ideas accordingly. Your solution should address a problem or challenge within the MSME sector.
  • Team Formation: If the hackathon allows team participation, form a diverse team with members who bring different skills and expertise to the table.
  • Research: Conduct thorough research on the MSME sector, its challenges, and potential solutions. This will help you develop a well-informed and innovative idea.
  • Idea Presentation: Prepare a clear and concise presentation of your idea. Use visuals, charts, or prototypes to effectively communicate your solution.
  • Time Management: Manage your time effectively during the hackathon. Break down your tasks into smaller milestones and allocate time accordingly.
  • Collaboration: Foster a collaborative environment within your team. Encourage open communication, brainstorming, and idea sharing.
  • Prototype Development: If applicable, work on developing a prototype of your solution. A working prototype can significantly enhance your chances of success.
  • Feedback: Be open to feedback and suggestions from mentors, judges, and fellow participants. Use this feedback to refine and improve your idea.
  • Presentation Skills: Polish your presentation skills to effectively pitch your idea to the judges. Practice your pitch multiple times to ensure clarity and confidence.

Important Instructions

Along with the key guidelines, there are certain important instructions that you need to follow during the MSME Idea Hackathon. Here are 10 points to remember:-

  • Registration: Ensure that you have completed the registration process and provided all the necessary details accurately.
  • Code of Conduct: Adhere to the code of conduct specified by the organizers. Maintain professionalism, respect fellow participants, and refrain from any unethical practices.
  • Intellectual Property: Understand the intellectual property rights associated with your idea. Check if the hackathon organizers claim any ownership or rights over the solutions developed during the event.
  • Submission Format: Follow the specified submission format for your idea. Pay attention to any file size restrictions or document formats required.
  • Submission Deadline: Submit your idea within the given deadline. Late submissions may not be considered for evaluation.
  • Confidentiality: Do not disclose any confidential or proprietary information during the hackathon. Respect the privacy of other participants as well.
  • Equipment and Tools: Bring your own equipment and tools required for the hackathon, such as laptops, software, or hardware.
  • Internet Access: Check if the hackathon venue provides internet access. If not, make arrangements for your team to have a reliable internet connection.
  • Documentation: Maintain proper documentation of your idea, including research findings, design concepts, and development process.
  • Professionalism: Conduct yourself professionally throughout the hackathon. Engage in healthy competition, support fellow participants, and be respectful towards the judges and mentors.

Tips and Tricks

To enhance your chances of success in the MSME Idea Hackathon, here are 10 tips and tricks to consider:-

  • Start Early: Begin your preparations well in advance to allow sufficient time for research, idea development, and refinement.
  • Collaborate Effectively: Foster a collaborative and inclusive environment within your team. Leverage the diverse skills and perspectives of your team members.
  • Focus on User Needs: Keep the end-users in mind while developing your idea. Understand their pain points and design a solution that addresses their specific needs.
  • Prototype Iteration: Continuously iterate and improve your prototype based on feedback and testing. Embrace an iterative design approach.
  • Practice Pitching: Practice your idea pitch multiple times to ensure clarity, coherence, and confidence. Seek feedback from peers to refine your presentation.
  • Stay Updated: Stay updated with the latest trends and innovations in the MSME sector. Incorporate relevant insights into your idea.
  • Balance Creativity and Feasibility: Develop a solution that is both creative and feasible within the constraints of the MSME sector.
  • Seek Mentorship: Take advantage of mentorship opportunities provided during the hackathon. Seek guidance from experienced professionals in the industry.
  • Stay Organized: Maintain a structured approach throughout the hackathon. Keep track of tasks, deadlines, and progress.
  • Enjoy the Experience: Remember to enjoy the hackathon experience. Embrace the challenges, learn from the process, and celebrate your achievements.

General Points to Remember

In addition to the specific guidelines, instructions, tips, and tricks, here are 10 general points to remember for a successful MSME Idea Hackathon:-

  • Be Passionate: Approach the hackathon with passion and enthusiasm. Let your excitement drive your creativity and motivation.
  • Be Open-Minded: Be open to new ideas and perspectives. Embrace diversity and be willing to adapt and learn from others.
  • Network: Take the opportunity to network with fellow participants, mentors, judges, and industry professionals. Build connections that can benefit you beyond the hackathon.
  • Embrace Failure: Do not be discouraged by failures or setbacks. Learn from them, iterate, and come back stronger.
  • Celebrate Small Wins: Acknowledge and celebrate small achievements throughout the hackathon. This will keep you motivated and boost team morale.
  • Take Breaks: Remember to take breaks and recharge. Stepping away from your work for a while can help you gain fresh perspectives.
  • Stay Hydrated and Energized: Maintain your physical well-being by staying hydrated and energized. Eat nutritious meals and get enough rest.
  • Document Lessons Learned: Document the lessons learned during the hackathon. This will help you reflect on your experience and improve for future events.
  • Follow Up: After the hackathon, follow up with any potential leads, contacts, or opportunities that may have arisen during the event.
  • Stay Connected: Stay connected with the hackathon community. Join relevant forums, groups, or social media platforms to continue learning and collaborating.

Benefits of MSME Idea Hackathon

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 be 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 before the last date to get timely registration.
  • Students can fetch more information regarding this hackathon after visiting the official website.

Features of MSME Idea Hackathon

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 to create 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 will be updated soon.
  • For getting more information, one can visit the official website.

MSME Idea Hackathon Eligibility Criteria 

To apply 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 to get online registration:-

Process To Apply Online Under MSME Idea Hackathon
Process To Apply Online Under MSME Idea Hackathon
  • Fill out each asked detail.
  • 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 log into the portal:-

  • Visit the official website first.
  • On the homepage, click on Login (HI).
To Do Login
  • The login form will be 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 or 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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