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Turmeric plant turning residue to biofuel won IIT, ICT, CSIR-CFTRI students  24H Chrono Challenge

Turmeric plant turning residue to biofuel won IIT, ICT, CSIR-CFTRI students 24H Chrono Challenge

Summary:

The winners won the opportunity to visit France to participate in the final edition of the competition and explore an innovation hub in that country.


24H Chrono Challenge, an innovative business idea contest inspired from France to push for innovation and creativity between France and India has rewarded a team of young students from the Indian Institutes of Technology Delhi, Roorkee, Indore; Institute of Chemical Technology Bombay (ICT) and CSIR-Central Food Technological Research Institute (CSIR-CFTRI) for their invention.

The winners won the opportunity to visit France to participate in the final edition of the competition and explore an innovation hub in that country.

About 56 students from all over India participated from institutes such as IITs, CSIRs etc. They were selected from applications that were invited in October and were divided for the contest into eight teams with seven members, each with a different area of expertise. Not just preparing an innovative model candidates were also assessed on their business sense. Candidates had only a day’s time to plan and execute and establish it as a business plan with all necessary strategies like financial planning, exit strategies, marketing and sales strategy and even waste management.

Repaul Kanji, a PhD student from IIT Roorkee worked in the winning teach with two others from his institute (Vasundhara Jain, MTech scholar and Pritam Singh, PhD scholar, both from the biotechnology department), one each from IIT Delhi (MTech), ICT (PhD), IIT Indore (PhD) and CSIR-CFTRI Mysore. Kanji’s team focused on food processing, specifically on production of turmeric powder. The residue from the powdering process is then used to make clean biofuel. “We build our plan around that” Kanji told HT.

Experts selected from the public and private sector mentored the candidates on legal, commercial, and financial aspects related to the project.


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