KPMG IDEATION CHALLENGE

 

	Dear All, KPMG Ideation Challenge (KIC) is an exceptional platform for students from institutes like yours to exhibit and develop ideation and presentation skills. Last year, more than 8,000 applicants from over 500 universities,18 countries participated in the competition. We are thrilled to invite your institute to participate in KIC 2021.  Through a series of exciting rounds, KPMG will choose ‘Team India’ to represent the country in Global Finals. The competition will be covered by a leading media house and will be a highly rewarding experience for the participants. The entire event will be held virtually this year, owing to the pandemic. In the 2020 KPMG Ideation Challenge Team India from IIT ISM Dhanbad emerged as the Global Champion. What can you win? We have exciting prizes for milestone accomplishments: National finals- The winning team will receive prize money of INR4 Lakh and the runner up team will get INR2 Lakh. Additionally, they will be rewarded a guaranteed internship with KPMG in India. Apart from the prize money and internship, the top two teams of the KIC National finals could also get an opportunity to attend a networking event in Delhi/ Gurgaon, with leaders from start-ups as well as the industry. Travel and stay for this networking event will be sponsored by KPMG in India.  Irrespective of who wins the competition KPMG in India will continue to mentor teams with promising ideas discovered in KIC 2021 and provide them access to platforms for pitching their ideas to Venture Capitalists. Global finals- Each member of the winning team will get a gift card worth 1000USD. Who can participate?   The competition is open to students from engineering colleges, non-engineering graduate campuses as well as B-Schools, who are currently enrolled in a full-time undergraduate/bachelor’s degree program with at least one year remaining of their studies. This challenge is for a team of strategic thinkers who know how to deliver rock solid business models, marketing and content strategies as well as fact-minded techies who have skills in prototyping, coding, testing and development and are experts in their field.   How does KIC work?   Once your institute has agreed to participate in the competition, the students will be able to register in teams of three consisting of members currently enrolled in STEM (Science, Technology, Engineering and Mathematics), business courses (comprising at least one male and one female member) on the KIC webpage (refer to quick link section in this mail). Please circulate the attached KIC WhatsApp posters/teasers to all the eligible student clubs/communities of your campus.   The teams will provide solutions to real-life client problems and learn key skills like design thinking, business modeling, disruptive strategy, prototyping, elevator sales pitches and much more. They are expected to use data and analytics, cognitive methodologies to generate a scalable prototype and a business model/case. Using presentation, communication and innovative thinking, the teams will pitch their ideas to business leaders.     After multiple rounds of screening, development and presentation of idea, a winning team will be selected to represent “KPMG in India” in the global finals.   Visit KPMG Ideation Challenge to know more about 2021 KIC and also register for the competition. Structure of the competition Registration (Open now till 27 November 2020)- Confirm participation by registering on link –( https://dare2compete.com/o/kpmg-ideation-challenge-kic-kpmg-135737) and sharing required details of your team along with a 90 seconds video introducing each team member in a unique and creative way and clearly stating what makes the team stand-out from other contenders as well as why the team should win this competition. The video submissions by various teams will be screened to identify teams which qualify to participate in the challenge. Prelims (23-27 December 2020)- In this round the qualifying teams will undergo an ‘Ideation Workshop’ and mentoring from KPMG in India’s professionals post which they will be required to ideate and conceptualise in detail their idea/solution for the problem statement and submit a presentation in the designated format. Submissions for this round will be screened by a panel from KPMG in India to identify teams which will proceed to the semi-finals. Teams will need to complete this process latest by 27 December 2020.   Semi-finals (January 2021)- Teams shortlisted for the semi-finals will be mentored further by professionals from KPMG in India and will present their solution to a KPMG Jury. Winners of semi-finals will then proceed to the national finals. Further, to ensure a diverse blend, KPMG would reserve the right to blend/merge winning teams from the semi-final round.   National finals (February 2021)- In this round, eligible teams will work closely with KPMG in India professionals and further hone their idea. They will present the finished version of their solution/prototype to a jury of leading professionals and take a shot at winning the title of ‘National Champion’.   Global finals (March-April 2021)- This will be an opportunity for the winning team from the India National Finals to compete with teams from different countries, share experiences and learn in an action-packed event.   Over the course of time, you will have access to some of the sharpest and brightest professionals within KPMG member firms. So, the further you get, the more experience you gain and all virtually.   What is the Challenge?   This year we are challenging participants to create an advanced technology solution that helps an organization or industry of your choice overcome or leverage the impacts of the global pandemic. COVID-19 has been a catalyst for change (both positive and negative) in all types of organizations (e.g. digital transformation, environmental and societal implications, health care services, remote working, etc.)   Pick a client of their choice, within any industry   Consider your solution. This could be anything from a business concept, to an activity, model, process, technology or service that helps your client overcome or leverage the impacts of the global pandemic.   How can institutes confirm participation?   KIC is as an excellent opportunity for students at your institute to participate in a competition of global stature and gain experience that is second to none. We request you to confirm your institute’s participation via email latest by 20 November 2020. We will subsequently connect with you regarding the next steps. Should you have any queries, please feel free to reach out to the KPMG in India Campus Relations team: Email- infmkicindia@kpmg.com Yogja Singh- +91 9958960179 Priyanka Sethi- +91 9818531324 Srishti Sharma- +91 9638885160 Shweta Jangale- +91 9920586826