Mumbai, February 13, 2019: The Grand Finale of India’s Future Tycoons, the first ever entrepreneurship platform designed to attract great young minds to present their ideas concluded at CoWrks, Worli this week . The competition attracted over 1200 teams from 252 schools across 52 cities in the country. with top 12 teams competing for a grand cash prize of Rs. 120,000.
Young school-going children aged 13-17 years old presented their innovative ideas inspired by Sustainable Development Goals. The children impressed judges with their presentation skills, confidence, innovative ideas, strategic thinking and technological use. Some teams had even created their own websites and prototype mobile applications. The winning team participants - Advit Ranawade, 13 year old student from Dhirubhai Ambani international school ; Anisha Jani, 14 year old student and Rahil Chadha, 15 year old student from Arya Vidya Mandir School - were overjoyed to be adjudged the best team. Along with the cash prize a the team also received tablets, certificates, gift vouchers and an opportunity to intern with top companies. Their proposed venture, named Bloom, is based on an idea of an external Tap attachment consisting of an array of sensors, Digital IOT tech and Micro nozzles. This attachment will convert water to mist. Their aim was to conserve water and reduce its consumption by 90%, which will further minimize the water bill
Advit, part of the winning team, had come up with an idea to make a FitBit for water taps that converts water to mist, thereby reducing the water flow and saving the amount of water utilized. This thirteen year old tech freak is also an avid coder, and is fluent in four coding languages.
The Second Runners Up team from AVM Bandra said “We had already made a skeleton of the idea, the boot camp helped us gauge competition, gave us an idea about entrepreneurship and also how we can turn this into a venture.” Their venture, named Owlett, was inspired by the zeal to provide students with news from around the world, which is fun and easy to read. Since children these days are unable to form opinions about current events due to complicated jargons in newspapers, they wanted to make a simplified version of newspapers that would make children become smarter and help them hold a conversation even about serious topics like politics and economics.
The First Runners Up team from Hyderabad presented True Wipes, an idea based on converting the so-called wasteful Corn crops into useful, chemical free, handmade wet wipes with high water holding capacity. Inspired by Ikea using sustainable replacements for wood, this team aimed to help the world with eco-friendly tissues at affordable prices and empower the jobless technocrats.
Out of 48 teams participating in IFT competition, RBK international School had the maximum number of teams (17) qualifiying for the boot camps. Principal of RBK International School, Ms. Sagreeka Roy Bhatia said “Since the 21st century skill set requires students to logically reason and think critically, I wanted to give my children a platform to express their views. This was a great learning platform for students to learn life skills on entrepreneurship, marketing and branding provided by India’s Future Tycoon”
There were also other award winning categories. The Most Innovative Idea was won by a team from Kota which took part in this event through a video conference. Their idea has multiple products which advocate water conservation and reuse of Grey Water in the flushing system of toilets.
The Best Brand Idea was bagged by a team from National Public School, Chennai. Their idea, called Enfocation, is a platform that provides Experiential Learning through local skilled worker who also benefit in the form of additional income sources.. The Best Elevator Pitch was won, again, by a team from National Public School, Chennai. Their venture, FreEd, allows public school students to partner with private school students for their education. The Best Business Model was won by Poshan, again a team from National Public School, Chennai – they made an app that provides subscription-based healthy meals for preteens from home chefs.