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BMA INNOTHON 2019

February 21 @ 6:00 pm - 9:30 pm

What is INNOTHON?

INNOTHON is an initiative by Bombay Management Association (BMA) for our corporate member organizations to provide a platform for crowd sourcing of ideas,for any critical issues being faced by the organization or which can help organization stay ahead of the competition.

BMA will utilize young brains from MBA colleges for collaborating with the teams from sponsoring organizations to brainstorm and find solutions to any given pressing challenge/complex problem being faced by the organization.

BMA Innothon Vision:

INNOTHON is an attempt of management students to evolve innovative solutions for the problem statements provided by India Inc. under the guidance of academicians and practicing leaders.

It is a tripartite collaborative venture of managers & leaders from the industry; professors and students of top notch management institutions of Mumbai, designed and empowered by BMA to innovate and provide sustainable solutions for business problems in a cost effective manner with an ease of implementation.

32 Teams  8 Problem Statements 

Prize Money:

  • Winner team : INR 1,00,000
  • Runner up team : INR 50,000
  • Six consolation prizes : INR 25,000

Participation fee for Corporates : INR 2,00,000

Important Dates/Key Milestones:

  • Mega Launch: 17 Jan, 2019: Announcement of Teams and problem statements

Developmental Stage (for teams):

  • Approach note submission :24 Jan, 2019
  • Progress report submission:31 Jan, 2019
  • Final presentation submission:21 Feb, 2019

Innothon Mega Drive: Presentations to the Jury: 18 to 19 Feb, 2019

Awards Ceremony: Declaration of Winners: 15 Feb, 2019

How It Works?

Registration

  •  Register your organization as a Sponsor. Participation fees for the corporate will be Rs 2 lacs.

Orientation

  • Orient Leadership team of the Sponsor on the principles and methodology for the Innothon.

Problem Definition

  • Create a small cross functional team in sponsoring organization and facilitate creating a baseline view for the specific problem statement & framing specific goals & approach for the initiative

Innothon Team Creation

  • Each Sponsor’s problem statement will have four teams working on it for creative competitiveness. Each team will comprise of 4 students, 1-2 corporate members from Sponsoring organization and one academician as mentor. In a time-boxed scenario, teams are expected to work collaboratively to come up with novel solutions: they must brainstorm, prioritize, and make feasible prototypes and pitch their solution.
  • BMA will facilitate to connect the student team and faculty with the organizational team so that they can work together during the preparation period.

Approach Note

  • The teams start working on the Sponsor’s problem statement. They would ideate, develop and submit an approach note.

Progress Report

  • Each team submits a progress report on the solution being developed

Presentation

  • Elimination Round : All teams showcase & present their innovative solution to a panel  of jury. The Jury will  comprise of two members from Sponsoring organization, one independent corporate member, one member from consulting Co. and One  academician.

Grand Finale

  • Final Round : Top 8 teams sieze the opportunity to make final presentation. The jury will comprise of three corporate members, one consulting company and  one academician.

Sponsorship

BMA is a Non-Profit organization and works relentlessly to create platforms for bringing in best in the class practices in Management and Leadership through regular interaction between-the Corporate, Academia and Students. For running these programs, BMA needs resources which can be generated through such innovative initiatives. An ideal sponsor for the program would be, an organization which believes in futuristic and collaborative approach in business and is keen to invest in getting fresh ideas for their products, services and customer experiences by using high energy and creativity of young students in the most cost effective manner. BMA Innothon is a unique initiative to break through organizational inertia and instill a more innovation driven culture. It offers baptism by fire: a short, intense plunge that assaults the senses and allows the students/employees/organizations to experience creative disruption in a visceral way. Only top 8 problem statements which meet the selection criteria will be chosen for participation in the event.

Registration process:

Organizations interested in this “first-of-its kind” initiative need to contact below concerned immediately for enrolling and further details of the program. [email protected]

Mamta Khalsa +91-9011384510

Laxmi Gupta  +91-7738149513 

Board  +91-22 22047650/9698/ 22024743

 

Register Now ]

Details

Date:
February 21
Time:
6:00 pm - 9:30 pm
Event Category:

Venue

SIES College of Management Studies (SIESCOMS)
Sri Chandrasekarendra Saraswati Vidyapuram, Plot 1-E, Sector V, Nerul
Navi Mumbai, Maharashtra 400706 India
Phone:
022 6108 2400
Website:
www.siescoms.edu