Do you have any sparking idea? Spark the rise with Mahindra Rise

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You have the passion. You have the ideas. You thrive on innovation. And you know what it takes to fulfil the real needs that’ll improve the life of Indians. So what’s stopping you? Time to take action. Time to Spark the Rise.

Mahindra Rise is a unique program to provide support, finance , network to the entrepreneurs in the following fields…

  • Technology
  • Energy
  • Agriculture and development
  • Infrastructure and transportation
  • Social Entrepreneurship

Each month, new Sparks can be submitted in the above categories. Pick the category that fits your Spark the best. If you find your Spark falls under more than one, you can select up to two categories. So if your Spark is about using new technologies to generate electricity from rice husks, you can choose both “Technology” and “Energy.”
You may choose at max. 2 categories for your idea.
You have to signup on the website and fill the required fields.

Grants:Each month, 8 Sparks will receive grants of Rs. 4 lakh each. In total, 48 Sparks will receive 1.92 crore over a course of 6 months. Five of these monthly winners will be selected by public vote. Of these, the 2 most-voted will be eligible to participate in the Grand Finale.

The remaining three winners will be selected by an expert jury.

Grand Finale:After 6 rounds (6 months) of Spark the Rise, the top 2 monthly Sparks chosen by public vote (12 Sparks in total) will be eligible to participate for additional funding. An expert jury will also select 6 Sparks to enter the final round. These 6 Sparks may not necessarily have been monthly winners, so even if you don’t win in a given month, you could still be nominated for the final grant.

# of Awards Rs (Million)
3 awards of Rs. 2 million each
1 award of Rs. 4 million

Based on public vote, three runners-up will receive Rs 20 lakh each for their exceptional work. The most-voted Spark will receive a grant of Rs 40 lakh to help them take their work forward on a big scale!

Eligibility:Anyone can register to follow upon and vote on Sparks and weigh in on the discussion board. To enter a Spark, individuals must be at least 18 years old, legal residents of India who have lived in India for the full calendar year leading up to the submission of their application, and currently live in India at the time of submitting their application. Institutions, organisations, and companies registered in India are also eligible. Visit the FAQ page for more details.

Decision:How can you evaluate the strength of an idea? We suggest that you use the following framework for both when you are creating your own projects and evaluating others’ projects:
Impact: How much will it affect the target group’s lives? How many people will it help? Is it a one-time improvement or a continuous/long-term change?
Feasibility: Does the project plan look achievable? If this Spark receives a grant, is it likely to succeed?
Innovation: Is this Spark creative or original? Does it demonstrate alternative thinking that we can learn something new from?

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Mohit Bansal(23) is B.Tech in Electronics and Communication Engineering from Indian School of Mines, Dhanbad, India. He has interest in business and entrepreneurship and has published couple of research articles. He is also associated with various NGOs. He is with Techaloo when it was just in concept stage. The Techaloo site was not existing even then. Currently Mohit is working with Mu Sigma as a Business Analyst Profile.

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