As many as 46 groups of students participated in the ‘IMTheInnovator’ event held on Saturday, where they were asked to exhibit a start-up business model, which has market potential and is socially relevant.
From providing an alternative to stubble burning and waste collection in Delhi-NCR to changing the discourse with ‘gender-free’ panda toys, Saturday saw several unique start-up ideas of young minds at IMT College in Ghaziabad.
As many as 46 groups of students participated in the ‘IMTheInnovator’ event held on Saturday, wherein they were asked to exhibit a start-up business model, which has market potential and is socially relevant.
The event was organised by IMT Ghaziabad and had distinguished jury members from corporate and research sectors judging the various projects.
Students were at their creative best as they displayed their innovation in the way they approached their start-up ideas and model designing. Students had a model to enrich the experience in business schools hostels and provide a cheaper hostel-bed model.
Some managed to put forward economical yet environment friendly alternatives to plastic water bottles.
Vermicompost for a better world
Presented by a group of six students pursuing postgraduate diploma in marketing, the model was about the process of transforming crop residue into manure through vermicomposting and bio-composting. The students claim that this can be a viable alternative for farmers
who now resort to stubble burning, a practice that has become a pollution hazard across north India.
“The entire Delhi-NCR is affected by smog every November and it is majorly caused by crop residue burning. In our business model, we will approach farmers and buy their crop residue and convert it into manure at our factories. One of our friend’s family owns a factory unit for vermicomposting and bio-composting. The manure which farmers buy from the mandi comes at a price of ₹6 per kilo, whereas we will sell our manure at ₹2.5 per kilo. That way, farmers will be saved the trouble of stubble burning and it will help cut the pollution levels as well,” said Tushar Vishnoi, a first-year PGDM student of IMT Ghaziabad.
Waste to fuel converter
Another interesting model was an “invention” by first-year PGDM student Namratha. The model named ‘we are the change’ is about a prototype which converts solid and liquid waste into fuel using solar energy. Namratha claims that this is her invention and she is going to patent it.
“I have invented a small device which uses solar energy to covert waste into fuel oil or fuel gas. The basic factor behind the project is hydrocarbon, which is present in both waste and fuel. The device can use any organic waste, including plastic, and has a 52% conversion rate. Our equipment’s smaller version can be sold at an affordable rate of ₹1,800 per unit,” Namratha said.
Her model impressed the jury and was adjudged the best model of the IMTheInnovator event, winning her a prize cheque of ₹50,000.
The exhibition was not just limited to social ideas. Marketing students also presented lounge rooms, toys and reusable water bottles.
“Our model ‘coco panda’ is about a story game wherein the child has to play the role of a panda. We believe that due to societal conditioning, children are given toys according to their gender — Barbie dolls for girls and GI Joe for boys. Our panda is gender-free and it helps broaden the mind of the child. We have an annual subscription of this game available, wherein the child will be given two alphabets every month and each alphabet will have an Indian city starting with it. The panda will have to explore that city using jigsaw puzzles, origami and maps,” said Aayushi Jain, a first-year marketing student of IMT Ghaziabad.
Innovative hostel room
“In our model, we have created a one-storey hostel unit where the student will find the bed on the roof of the unit and the floor space taken up by a reclining sofa, a computer table and a study table. The student can access the roof by stairs located on the side of the structure. The stairs will also act as a wardrobe where they can keep clothes. The overall cost of the structure will be around ₹10,000 to ₹12,000. If a student wants to assemble all these things, the total cost will be around ₹30,000 to ₹35,000,” said Vanika Gupta, a student.
Cleanliness through memes
“Our project ‘tere-bin’ is a funky approach to cleanliness. We use funny posters and memes to spread awareness about cleanliness. The idea emerged after students of IMT started littering the college canteen ‘Arcus’. We used the picture of the canteen owner to create memes to sensitise students,” said Arjun Prasad, a first-year student of IMT Ghaziabad.