Disrupt Unlimited launches '500 Hours' challenge
The race to win a prize of US$ 50,000 (about Rs 6.5 million) in seed
funding, leading to a lucrative business start-up, has begun for 54
innovators competing in the '500 Hours' innovation competition hosted by
Disrupt Unlimited, the Brandix-led start-up seed accelerator.
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A group of innovators discusses one of the challenges posed
at the 500 Hours competition of Disrupt Unlimited. |
Launched at Brandix Apparel Solutions Limited - Intimate Apparel in
Welisara, the competition brings together external entrepreneurs and 'intrapreneurs'
from within the Brandix Group.
Each team has exactly three weeks to develop a technology-driven
conceptual solution to one of 15 apparel industry challenges posed by
Disrupt Unlimited. The 500-hour clock started ticking at 9 am on January
19.
The teams have to work on their ideas till January 29 and present
them on that day to Disrupt Unlimited at the 'semi-final' of the 500
Hours competition.
Selected finalists identified as contenders for the prize of US$
50,000 for every game-changing solution, will go on to present their
ideas at the final 'Pitch Day' on February 9.
Six of the challenges have also been posted online by Disrupt
Unlimited, and are open to anyone to solve and submit a solution online.
The challenges are - Tracking fabric throughout the manufacturing
Process, Capturing real-time manufacturing output, Increasing asset use
and eliminating machine downtime, Error-proofing the production line, An
'Apollo 13' style waste challenge and Automating fabric inspection and
stripe matching.
Details about each challenge can be found online.
Disrupt Unlimited's Chief Operating Officer, Surendra Karunakaran
said, "If participants can stretch their minds to understand the root
problems and develop game-changing solutions, in three weeks they will
achieve a level of impact that would normally take three years."
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