TexMin Grand Challenge (2021-2022)

Written by startup news

January 25, 2022

TexMin TBI is seeking new concepts and innovations for the mining industry. Interested candidates can apply after going through the Eligibility Criteria.

Sponsoring Agency: TexMin

Type of Fund: Competition

Deadline: January 27, 2022

Details:

A unique opportunity for Mine-tech start-ups/innovators to develop innovative solutions for underground/opencast coal mines.

The objective is to support the technology base by funding the best fundamental concepts while helping talented and creative innovations to pursue promising avenues at the frontier of the technology.

It will provide start-ups with access to priority infrastructure and make mining an attractive sector for the country’s best brains.

It will be on the these themes:

  • Safe
  • Smart
  • Sustainable (3S) Mining

Eligibility Criteria

The challenge is open to startups as well as individual innovators.

Funding Information: 

Fiscal Incentives –

Cash Prizes: For each problem area, a winner is to be awarded INR 3 lakhs and a runner-up with INR 2 lakhs as cash prizes.

Non-Fiscal Incentives –
  • Co-working space
  • Mentorship support
  • Networking
  • IPR support
  • Access to Seed Funding support upto 1 Crore
  • Access to Design & Research Labs
  • Other supports like legal, company formation.

For more information, visit here.

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