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Business News/ Industry / Railways’ ideas crowdsourcing challenge receives 1,366 submissions
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Railways’ ideas crowdsourcing challenge receives 1,366 submissions

Utpal Bhaskar

A maximum number of 714 applications have been submitted to Indian Railways for the specific challenge of improving the national carrier's working

The ‘Innovation Challenge’ was first announced by the railway minister Suresh Prabhu in his last budget speech for 2016-17, and assumes importance given the carrier’s uphill competition from airlines and road transport to carry people and freight. Photo: Priyanka Parashar/MintPremium
The ‘Innovation Challenge’ was first announced by the railway minister Suresh Prabhu in his last budget speech for 2016-17, and assumes importance given the carrier’s uphill competition from airlines and road transport to carry people and freight. Photo: Priyanka Parashar/Mint

Understanding the importance of these ideas; there is a remuneration attached to them. Each of these six challenges has six awards ranging from prize money of Rs6 lakh to Rs1 lakh. In return, “participant grants Indian Railways and its affiliated units/ ministries a transferable, worldwide, non-exclusive, perpetual, irrevocable, royalty-free, fully paid-up license…"

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Published: 22 Feb 2017, 08:45 AM IST
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