About Scheme

In the month of June 2023, DC-MSME has launched MSME Idea Hackathon 3.0 (Women). Ideas in MSME idea Hackathon 3.0 are being invited from Women Innovators and MSMEs from all over India under the scheme of the Office of Development Commissioner – MSME, for 'Support for Entrepreneurial and Managerial Development of MSMEs through Incubators'.

Benefits of MSME Idea Hackathon 2023:

Financial assistance up to a maximum of Rs. 15 lakh per approved idea shall be provided to the Host Institute for developing and nurturing the idea into a prototype.

Evaluation criteria

All ideas should contain inter-alia, following basic types of Innovation Processes:

• Marketing & Branding: Innovation related to the customer experience.

• Ideation: Innovation related to the product idea & concept.

• Technology: Innovation related to the product functionality.

• Co-creation: Innovation related to the customer involvement.

• Social Innovation: Innovation related to the corporate culture.

• Entrepreneurship: Innovation related to through entrepreneurial thinking.

• Open Innovation: Innovation related to with stakeholders.

• Business Model Innovation: Innovation related to the purpose and strategy.