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Tata Technologies launches InnoVent – an innovation platform for young engineering students

The Innovation contest Invites project entries from engineering students In India, including women engineers and specially abled team members to address real-life challenges faced by the manufacturing Industry
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Press release

Pune, India Date: 17th July 2023: Tata Technologies, a global engineering and product development digital services company, announced the launch of Tata Technologies InnoVent, an innovation platform that provides young engineering students In India with an opportunity to showcase their creativity and innovate solutions that address the challenges being faced by the manufacturing industry. 

We believe that Tata Technologies vision of engineering a better world embodies a commitment to innovating solutions that helps manufacturing companies conceive, design, develop and deliver better products. As a global organization, we leverage the collective expertise of diverse teams across the world, collaborating in real-time to address complex engineering challenges faced by our clients. With the launch of InnoVent, we aim to expand our innovation network, inspiring the next generation of engineers to Innovate solutions for the future.

InnoVent – An innovation platform for young engineering students | Tata Technologies

InnoVent invites 3rd and 4th year engineering students across India to participate in this competition by proposing innovative projects that address real-world problems. These projects can span a variety of areas, including electric vehicles, autonomous vehicles, cybersecurity, data and Artificial Intelligence (AI) engineering, smart manufacturing, and the Internet of Things (IoT). Tata Technologies will empower the shortlisted project team/s with the innovation tools and technologies. Tata Technologies Subject Matter Experts (SMEs) will mentor and guide the top-performing project team/s. Projects will be assessed on diversity, novelty, feasibility, and impact, with a special emphasis on encouraging participation from women engineers and team members with special abilities. The top three winning teams may receive a cumulative cash prize worth INR 4.5 Lacs, and the members will be offered a paid internship with Tata Technologies. More details of the InnoVent program are available at www.tatatechnologies.com/innovent/ and the last date of project submission Is 31st August 2023. 

Speaking on the launch of Tata Technologies InnoVent, Mr Warren Harris, MD and CEO Tata Technologies, said, “We believe that Tata Technologies InnoVent reflects our commitment to engineering a better world for our youth by collaborating with academia and empowering young innovators with a platform to learn, exhibit creativity, and develop novel solutions. As part of the program, we have identified real world challenges that are being faced by the manufacturing Industry and I am looking forward to receiving Innovative project entries that we can mentor and incubate.”

Expressing his views on the launch of Tata Technologies InnoVent, Mr. Santosh Singh, EVP & Global Head Marketing and Business Excellence, Tata Technologies, said,” Tata Technologies Innovation approach is underpinned by a can-do attitude, a value that propels us at Tata Technologies to question existing frameworks, innovate new solutions, and address our customers’ business challenges. Through InnoVent, we want to provide a platform that encourages young engineering students in India to come up with creative solutions leveraging the latest technology to address the challenges being faced by the manufacturing industry. We plan to mentor and support shortlisted team/s and recognize team/s that demonstrate a can-do attitude and a novel scalable innovation. I am specifically looking forward to the participation of women innovators and specially abled team members”.

About Tata Technologies:

Tata Technologies is a global product engineering and digital services company focused on fulfilling our mission of helping the world drive, fly, build, and farm by enabling our customers to realize better products and deliver better experiences. Tata Technologies is the strategic engineering partner businesses turn to when they aspire to be better. Manufacturing companies rely on us to enable them to conceptualize, develop and realize better products that are safer, cleaner, and improve the quality of life for all the stakeholders, helping us achieve our vision of #EngineeringABetterWorld. For more, visit us at https://www.tatatechnologies.com/ or learn more here. Follow us on Instagram, LinkedIn, Twitter, Facebook and YouTube for the latest updates.

Media Contacts – Priyanka Bhatia (+91 91679 31934, Priyanka.Bhatia@adfactorspr.com),

Parikshit Joshi (+91 98339 17030, Parikshit.Joshi@adfactorspr.com)

 Disclaimer 

“Tata Technologies Limited is proposing, subject to receipt of requisite approvals, market conditions and other considerations, to make an initial public offer of its equity shares and has filed a draft red herring prospectus (“DRHP”) with the Securities and Exchange Board of India (“SEBI”). The DRHP is available on the website of the SEBI at www.sebi.gov.in as well as on the websites of the book running lead managers JM Financial Limited at www.jmfl.com, Citigroup Global Markets India Private Limited at www.online.citibank.co.in/rhtm/citigroupglobalscreen1.htm, BofA Securities India Limited at www.ml-india.com, the website of the National Stock Exchange of India Limited at www.nseindia.com and the website of the BSE Limited at www.bseindia.com, respectively. Investors should note that investment in equity shares involves a high degree of risk. For details, potential investors should refer to the red herring prospectus (“RHP’”) which may be filed with the Registrar of Companies, Maharashtra at Pune (“RoC”), in future, including the section titled “Risk Factors.” Potential investors should not rely on the DRHP filed with SEBI in making any investment decision.”

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