ITC Sustainability Innovation Challenge 2022 [Support Amount Rs. 35 L]: Apply by Feb 28!

Applications are invited from eligible candidates for the ITC Sustainability Innovation Challenge 2022.

About ITC Sustainability Innovation Challenge

The paperboards and specialty papers division of ITC is the market leader in paperboards for mono cartons, papers used for communication and specialty papers for niche applications like décor papers and thin printing.

The division is embarking on an innovative journey of substituting single-use plastic packaging with fibre based solutions. The vibrant Indian start-up ecosystem can be a key partner in the above endeavors.  This will also augment ITC’s efforts to support and contribute to the start-up ecosystem of the country. 

Project Include:

• New substrates with barrier coating while ensuring recyclability/biodegradability
• Systems for effective collection and recycling of postconsumer packages.

Eligibility Criteria

• Relevant credentials pertaining to theme (at least 1 commercial product/solution implemented) 
• An effective revenue generation model with  suitable IP Rights
• DPIIT recognized startup

Theme for the Challenge

Sustainable Solutions

Incentives

Fiscal Incentives

Funding Opportunity: 

• Looking at selecting 3 start-ups each for challenges 1a, 1b & 2 (provided they meet the criteria).
• ITC to set aside a pool of INR 35 lakhs for paid pilots (all projects combined)

Procurement Opportunity:

• Project 1a and 1b: Upto INR 20 Lakh each
• Project 2: To be discussed (Linked to benefits not limited to financial benefits)

Non-Fiscal Incentives

Mentorship :

• Mentorship to be provided by experts for 40 hours (minimum) over a period of 6 months to each qualified startup
• Networking Support : Alternative routes to market with interested distributors

Assistance in Testing and Certification

• Testing spanning functionality, compliance and special characteristics like recyclability & compostability (for all 3 stages).
• In-house testing facility inludes functional properties like COBB, plybond, tensile strength and stiffness testing for paper and paperboards.

Procedure Post Submission

Round 1

Submission of PPT/Document highlighting: 

• Business Case 
• Market Potential 
• Relevance of Proposed solution vis-à-vis problem statement
• Scale-up plan and Key Milestones 
• Revenue Generation Model 

Round 2

Shortlisted start-ups will be invited to present the solution to jury 

Round 3

Paid pilot opportunity and mentorship subject to clearance from the jury

How to Apply?

Interested applicants can apply for the challenge through this link.

Application Deadline

Feb 28, 2022

Contact

• Manager: Vardaan Bhatia
• Email: vardaan.bhatia@itc.in, Itcsustainabilitychallenge2021@itc.in

Click here to view the official notification for the ITC Sustainability Innovation Challenge 2022.

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