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

MSME Idea Hackathon Apply Online & Registration Form | MSME Idea Hackathon Check Components & Last Date | MSME Idea Hackathon Check Features & Benefits | MSME Idea Hackathon Check Amount & Ideas | MSME Idea Hackathon Check Eligibility & All Details |

The Ministry of MSME has launched the MSME Idea Hackathon, an initiative that aims to foster entrepreneurial abilities in the youth. Through innovative ideas, students can become job creators and contribute to Atmanirbhar Bharat. Interested participants can register online before the deadline for timely registration. This will also bring enterprises built or established where the new or youngsters will be able to start their business ventures.

Through this article, you will get all the information regarding the MSME Idea Hackathon 2023-2024 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

On March 10 2022, MSME Idea Hackathon was launched which opened its doors to Indian citizens, offering them the opportunity to apply online for loans ranging from Rs. 15 lakhs to 1 crore in support of their business ideas. This hackathon aims to inspire and nurture innovative business concepts among the country’s youth. With the help of this program, young entrepreneurs are encouraged to bring new and creative business ideas to fruition.

Entrepreneurs can receive loans ranging from Rs. 15,00,000/- to Rs. 1,00,00,000/- after getting an online registration offered under the MSME Idea Hackathon. This financial assistance will help individuals start their businesses and create jobs. To be eligible, entrepreneurs must come up with innovative ideas for job creation. The applicants will need to showcase their ideas of setting up enterprise among the selection panel.

Highlights Of MSME Idea Hackathon 2024

The highlights of this hackathon are as follows:-

Objectives of MSME Idea Hackathon

The first objective of the MSME Idea Hackathon is to foster the growth of new, innovative businesses in India. This will provide a platform to the new entrepreneurs for aspiring entrepreneurs to showcase their ideas and receive feedback and support from industry experts and mentors. By nurturing new business ideas, there will be a creation of a vibrant ecosystem of innovative MSMEs that can contribute to India’s economic growth and development.

The second objective of the MSME Idea Hackathon is to support existing MSMEs in scaling up their businesses. Proper mentoring and support will be provided to the MSMEs looking to expand their operations or enter new markets. Applicants will be able to learn about best practices in areas such as marketing, sales, and finance with the help of workshops and one-on-one interactions resulting in achieving sustainable growth.

MSME Idea Hackathon Timelines 

The timelines of this hackathon are as follows:- 

MSME Idea Hackathon Components 

There are 3 components of this scheme as follows:-

• Incubation
• Design
• IPR

Beneficiary Category

Only those applicants will be given an online registration who belong to the beneficiary category selected by the committee will be able to participate in this hackathon. Applicants must ensure that their ideas are innovative and entrepreneurial. The focus is on creating new and exciting solutions for modern challenges which will result in the formation of a new enterprise.

MSME Idea Hackathon Amount

The amount of incentives given to the applicants are as follows:-

MSME Idea Hackathon Ideas

The list of ideas that can be shared by the applicants is as follows:-

• Marketing & Branding    
• Ideation    
• Technology    
• Co-creation    
• Social Innovation    
• Entrepreneurship    
• Open Innovation    
• Business Model Innovation

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)

Encourages Innovation

One of the major benefits that can be availed by the beneficiaries of the MSME Idea Hackathon is that it encourages innovation. Small businesses often lack the resources to invest in research and development. The hackathon provides a platform for entrepreneurs to share their ideas and receive feedback from experts. This helps in the development of innovative ideas that can be turned into successful businesses.

Promotes Collaboration

There will be a promotion of collaboration among entrepreneurs. It provides an opportunity for businesses to interact with each other and share their experiences. This helps in building networks and partnerships that can be beneficial in the long run. The hackathon also provides an opportunity for businesses to interact with industry experts who can provide guidance and support.

Access to Resources

MSME Idea Hackathon also provides access to resources that small businesses may not have otherwise. Resources such as mentorship, funding, and technical support can be invaluable to small businesses looking to grow. The hackathon provides a platform where businesses can showcase their ideas and gain access to the resources they need to succeed resulting in gaining access to various kinds of knowledge through these resources.

Encourages Entrepreneurship

The MSME Idea Hackathon also encourages entrepreneurship. It provides a platform for individuals with innovative ideas to showcase their ideas and turn them into successful businesses. The hackathon also provides an opportunity for individuals to learn more about entrepreneurship and gain the skills they need to start their own businesses. 

Positive Feedbacks Of MSME Idea Hackathon 

Some of the positive feedback collected from its recipients are as follows:- 

MSME Idea Hackathon Results

This hackathon has captivated the participation of over 1.45 lakh entries from across the country. Winners were announced in various categories like agriculture and allied, healthcare and wellness, waste management, renewable energy, and others. The winners received cash prizes and support for incubation and scaling up their ideas. The results of this hackathon will soon be updated or released by the government on the portal.

Champions 2.0 Aids Small Business Project Management

The Champions 2.0 Portal and app help small businesses with their cluster projects. It allows for real-time monitoring and tracking to ensure transparency and efficient use of resources. On launch day, the winners of the MSME Idea Hackathon 2.0 will be announced and the MSME Idea Hackathon 3.0 for Women Entrepreneurs will begin.

Top 10 Awardees Of MSME Idea Hackathon 

The list of the top 10 awardees of this hackathon is as follows:- 

• Team Infinity
• Team Reboot
• Team Smart Sutra
• Team HealthCare Companions
• Team DigiShikshak
• Team Kinetic Energy Solutions
• Team One Stop Solution
• Team Clean Machine
• Team Tinker Bot
• Team Gear Up

Women Welcomed to the Idea Hackathon

The second edition of ‘Hackathon 2.0’ is set to be announced alongside the launch of ‘MSME Idea Hackathon 3.0’, exclusively for women entrepreneurs. The program also includes a digital fund transfer of Rs. 400 crores for margin money subsidy to 10,075 PMEGP beneficiaries, certification distribution to gold and silver ZED-certified MSMEs, and the signing of MoUs among central government organizations.

MSME Idea Hackathon:- Key Guidelines

The MSME Idea Hackathon is an exciting opportunity for aspiring entrepreneurs and small business owners to showcase their innovative ideas and solutions. To ensure a smooth and fair competition, it is important to follow these key guidelines:-

• Eligibility:- The hackathon is open to individuals or teams who are registered MSMEs (Micro, Small, and Medium Enterprises) in their respective countries.
• Theme:- Each hackathon will have a specific theme or problem statement that participants need to address with their ideas and solutions.
• Submission Format:- All ideas must be submitted in a specified format, which may include a written proposal, presentation slides, or a video pitch.
• Originality:- Ideas should be original and not infringe on any existing patents or intellectual property rights.
• Evaluation Criteria:- Ideas will be evaluated based on criteria such as innovation, feasibility, impact, and scalability.
• Team Size:- The maximum team size allowed may vary, so it is important to check the specific rules and regulations of the hackathon.
• Timeline:- Participants should adhere to the specified timeline for idea submission, evaluation, and announcement of results.
• Confidentiality:- Participants should ensure that their ideas are kept confidential and not shared with anyone outside the hackathon process.
• Judging Process:- The judging process will be fair and impartial, with a panel of experts evaluating the ideas based on the predefined criteria.
• Prizes and Recognition:- The hackathon may offer prizes, recognition, or opportunities for further development of winning ideas.

Important Instructions

Before participating in the MSME Idea Hackathon, it is essential to familiarize yourself with these important instructions:-

• Read the Hackathon Rules:- Carefully read and understand the rules and regulations of the hackathon to ensure compliance.
• Understand the Problem Statement:- Gain a clear understanding of the problem statement or theme of the hackathon to align your ideas accordingly.
• Research and Preparation:- Conduct thorough research and prepare your ideas and solutions before starting the submission process.
• Proofread and Edit:- Review your submission for any errors or inconsistencies before finalizing it.
• Follow Submission Guidelines:- Adhere to the specified format and guidelines for idea submission to avoid disqualification.
• Keep Track of Deadlines:- Mark important dates and deadlines on your calendar to ensure timely submission.
• Seek Feedback:- Share your ideas with trusted peers or mentors to gather valuable feedback and improve your submission.
• Stay Updated:- Regularly check the hackathon’s official website or communication channels for any updates or announcements.
• Network and Collaborate:- Engage with other participants, mentors, or industry experts to expand your knowledge and potential collaborations.
• Enjoy the Experience:- Participate in the hackathon with enthusiasm and a positive mindset, embracing the learning and growth opportunities it offers.

Tips and Tricks

Here are some tips and tricks to enhance your chances of success in the MSME Idea Hackathon:-

• Brainstorm and Ideate:- Spend dedicated time brainstorming and ideating to generate unique and innovative ideas.
• Focus on Problem-Solving:- Emphasize how your idea addresses a specific problem or pain point faced by MSMEs.
• Market Research:- Conduct market research to validate the demand and potential for your idea.
• Prototype Development:- If feasible, develop a prototype or minimum viable product (MVP) to demonstrate the feasibility of your idea.
• Visualize and Communicate:- Use visual aids, such as diagrams or infographics, to effectively communicate your idea.
• Practice Pitching:- Practice your pitch to ensure clarity, confidence, and the ability to convey the value of your idea effectively.
• Collaborate with Experts:- Seek guidance or collaborate with industry experts or mentors to refine and strengthen your idea.
• Consider Scalability:- Highlight how your idea can be scaled up and have a broader impact on the MSME sector.
• Stay Positive and Resilient:- Be prepared for challenges and setbacks, but maintain a positive attitude and a resilient mindset.
• Learn from Feedback:- Embrace feedback, whether positive or constructive, as an opportunity for growth and improvement.

General Points to Remember

While participating in the MSME Idea Hackathon, keep these general points in mind:-

• Be Ethical:- Ensure that your ideas and solutions align with ethical standards and do not promote any illegal or unethical practices.
• Collaborate, Don’t Copy:- Collaboration is encouraged, but avoid directly copying or plagiarizing others’ ideas.
• Stay Updated on Trends:- Stay informed about the latest trends, technologies, and innovations relevant to the MSME sector.
• Embrace Feedback:- Be open to feedback and suggestions, as they can help you refine your ideas and make them stronger.
• Network and Build Connections:- Use the hackathon as an opportunity to connect with like-minded individuals and build a network.
• Document Your Journey:- Keep a record of your hackathon journey, including challenges faced, lessons learned, and achievements.
• Stay Positive and Persistent:- Maintain a positive attitude and persevere through obstacles, as success may require multiple attempts.
• Celebrate Small Wins:- Acknowledge and celebrate small victories and milestones throughout the hackathon process.
• Learn from Others:- Observe and learn from other participants’ ideas and presentations to broaden your perspective.
• Have Fun:- Enjoy the process and have fun while participating in the MSME Idea Hackathon!

Benefits of MSME Idea Hackathon

The benefits of this hackathon are as follows:-

• Networking Opportunities: Connect with like-minded entrepreneurs, industry experts, and potential investors to expand your professional network and gain valuable insights.
• Mentorship: Receive guidance and advice from experienced mentors who can help you refine your ideas and develop a winning pitch.
• Visibility: Showcase your business idea to a wide audience and gain recognition for your innovative solutions.
• Collaboration: Collaborate with other participants to brainstorm ideas, solve problems, and create new opportunities for growth.
• Learning: Gain new skills, knowledge, and perspectives through workshops, seminars, and hands-on activities organized during the hackathon.
• Feedback: Receive constructive feedback from judges, mentors, and fellow participants to improve your business model and pitch presentation.
• Prizes and Awards: Stand a chance to win cash prizes, investment opportunities, incubation support, and other valuable rewards to fuel your business growth.
• Market Validation: Test your ideas in a competitive environment and validate market demand for your products or services.
• Brand Building: Build brand awareness and credibility by participating in a prestigious event that supports innovation and entrepreneurship.
• Opportunities for Growth: Explore potential partnerships, collaborations, and funding opportunities to scale your business and take it to the next level.
• This initiative will encourage the creation of innovative ideas among businessmen and women, contributing to the growth of Atmanirbhar Bharat.

Features of MSME Idea Hackathon

The features of this hackathon are as follows:-

• The Ministry of Micro Small Medium Enterprises has launched the MSME Idea Hackathon.
• Theme-Based Challenges: Participate in industry-specific challenges that focus on solving real-world problems and addressing market needs.
• Online and Offline Participation: Join the hackathon from anywhere in the world through virtual platforms or attend in-person events for a more immersive experience.
• Diverse Teams: Form cross-functional teams with members from different background and expertise to bring diverse perspectives to your business idea.
• Judging Criteria: Compete based on predefined judging criteria that evaluate innovation, feasibility, scalability, and impact of your business idea.
• Pitch Presentation: Present your business idea in a clear, concise, and compelling manner to impress the judges and secure their support.
• Hackathon Duration: Engage in intense brainstorming, ideation, and prototyping sessions over a fixed duration to challenge yourself and push your limits.
• Resource Support: Access to mentors, experts, and resources to help you develop your business model, prototype your product, and prepare for the pitch presentation.
• Community Support: Join a community of passionate entrepreneurs, innovators, and investors who share your vision and can provide valuable support and feedback.
• Post-Hackathon Support: Receive ongoing support, guidance, and follow-up sessions to help you implement your business idea and navigate the entrepreneurial journey.
• Alumni Network: Join an alumni network of past participants and winners who continue to support and inspire each other in their entrepreneurial endeavors.
• The Host Institute and Business Incubator will nurture the selected business ideas.
• For getting more details, 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.
• He or she 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 for getting online registration:-

• Visit the Official Website.

• Now you’ll get land on the homepage.
• Click on the New HI/BI’s Registration.  

• 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 do login into the portal:-

• Visit the official website first.
• On the homepage, click on Login (HI).

• 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.

To Download User Manual 

The applicants will need to follow the below-mentioned points to download the user manual:- 

• Visit and open the official website.
• Now you will get land on the homepage.
• Click on the User Manual button.

• A new page will be displayed on your screen where you will need to click on the link to HI/BI User Manual Download.

• The PDF file will be downloaded on your device. 

To Download FAQs 

The applicants will need to follow the below-mentioned points to download the FAQs PDF:- 

• Visit and open the official website.
• Now you will get land on the homepage.
• Click on the link to FAQ’s.

• The PDF file will get downloaded on your device.
• Open the file and read them carefully. 

Downloading Guideline for Participation In Hackathon 

The applicants will need to follow the below-mentioned points to download guidelines:- 

• Visit the official website first.
• Now you will get land on the homepage. 
• On the homepage, click on the drop-down menu of JOIN MSME IDEA HACKATHON 3.0 (Women)
• Now select the Guideline for Participation In Hackathon option from the menu.

• The PDF File will be displayed.
• Read them carefully.

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