How to Apply for MGUIF Big Idea Competition 2.0 - Idea Grant

Applications are first scrutinized by MGUIF officials. Shortlisting is based on the information provided in the application form. If the number of applications is very high, a pre-evaluation by a panel of experts is conducted. Shortlisted applicants make their final pitch before an Expert Committee Panel during the Big Idea event. Evaluation is based on the pitch, execution plan, and a rubric focusing on Team, Product Innovation, Marketing, Financials, and Idea grant utilization plan. The Expert Committee Panel recommends the type of support and the grant amount (up to ₹2 lakhs) based on the fund utilization plan and may recommend milestones. Recommendations are submitted to the Chairman, MGUIF for approval. Sanctioned innovators are notified via email and the list is updated on the website. Only completed applications are considered. Application fee is nil.