SOLVE Scheme
Innovation Program for Solving Societal and Business Problems
For FD students (any year) who have an idea for solving a business or societal problem and are looking forward to converting it into a business enterprise.
Students can apply to this program individually or along with team members, who may be other students or faculty.
The students may or may not have formed a legal entity. In case they form a legal entity (idea has the potential to become a start-up), it must be incubated at one of the BITS technology business incubators and give 2% equity to the incubator. The incubators are free to provide them with more funding as needed.
The programmatic support would be for a period of 12 months, after which incubators may consider supporting these projects.
SOLVE program supports innovative ideas. Hence, software, aggregation, app ideas, etc. shall not be entertained. Exception: if you are building Deep Machine Learning Models or working on Natural Language Processing.
Maximum fund per project: ₹ 2 Lacs
Only one idea per student would be funded, whether individually or as a part of the group.
Having a faculty mentor is mandatory. The faculty could be from any of the BITS campuses.