i4c also conducts idea and innovation competitions to bring to fore high-potential ideas that can be developed into commercial-products for advancement of society.
i4c reaches out to the most interior of hinterlands in India to scout for innovative ideas. There may be students in far-flung villages having path-breaking ideas, but do not know how to take them forward. i4c conducts idea and innovation competitions involving schools and education institutions even from the remotest of villages.
People will think out-of-the-box, when there is a prevailing culture of innovative thinking. i4c encourages all educational institutes to have an idea and innovation club, and celebrate one day in a year as innovation day.
i4c provides a platform to people from India with ideas and prototypes, which can be transformed into working products. It also assigns mentors in the form of eminent scholars to guide and counsel the innovators. Additionally, the selected innovators are provided financial aid in order to further develop and nurture their ideas so that their ideas can become sustainable products benefitting society at large. The benefits an innovator can derive from i4c, are explained in detail below.
Platform - i4c provides a platform to people with ideas from even the remotest of villages in India to showcase their ideas or prototypes to industry experts, scholars, industrial houses, venture capitalists, and other funding agencies by hosting competitions among educational institutions involving erudite thought leaders of India, industrial houses, and media coverage.
Mentorship - Thought leaders like Dr. Anil Kakodkar, Dr. Raghunath Mashelkar, Dr. Vijay Bhatkar, and many other illustrious scholars are associated with i4c. Once an idea is identified as one with potential, the innovator of the respective idea is assigned a mentor. The mentor guides and counsels the innovator to further refine their ideas.
Financial aid - i4c directs the selected innovators to industrialists, funding agencies, or venture capitalists in order to receive financial aids. After determining the commercial viability of the innovation, these entities fund them for further development. At present i4c has 16 industry leaders on board.