The main objective of the program would be to provide mentoring, financial support, fabrication, validation, and value addition facilities in labs, fields, and R and D Institutions, part of HBN, for nurturing creativity in culture, education, technology and governance.
SRISTI will be hosting the program through support of volunteers from IIM-Ahmedabad, NIF, GIAN and other likeminded institutions. It will be run by young people who would also create new criteria of transparency, critical but empathetic evaluation and accountability. New matrices will be created to prioritise problems that will lead to market as well as non-market based social solutions. In many instances, it has been observed that creative people are often not the ones who want to scale up. However, that does not reduce the importance of their ideas and innovations. The program would nurture real unmet needs of our society where young people would have opportunities to test out their ideas and also to fail and test them again.
Two full time staff would dedicatedly work for this program as program and mentoring coordinators supported by part time students, intern, etc. This would constitute as the program management team. Program Advisory Body would include experts from academia, successful entrepreneurs and investors. The partnering institutions can also play an active role in implementation as per their expertise and core capabilities. They can contribute in terms of funding, mentoring support, human resources and other support as required to fulfil the main objective of the program. The program would facilitate sanctioning and disbursement of grants in three categories and proposed approval mechanism is as listed below:
|Category||Amount (Rs.)||Approval Required|
|1||Up to 10,000||Program Management team|
|2||10,000 – 25,000||SRISTI Secretary|
|3||25,000 – 50,000||Program Advisory Body|
SRISTI Secretary in coordination with Program Advisory body can take a decision to allow grant of more the Rs. 50,000 in a single project if such a need arises. However, such a grant would be released in phases and modalities of such grant would be worked out on case-to-case basis. Also, every grant released in any category will be linked to deliverables outlined and linked to phase wise progress of the project, trackable online.