Railways Award Startups With 23 Innovation Projects Worth 43.87 Cr To Improve Services

Railways Award Startups With 23 Innovation Projects Worth 43.87 Cr To Improve Services

SUMMARY

the Railways has received a total of 423 proposals against the 28 problem statements posted on an innovation portal aimed at soliciting suggestions from startups

They have allocated about INR 10.52 Cr in grants to eligible startups involved in current innovation projects

On June 13, 2022, the Ministry of Railways initiated the ‘Startups for Railways’ programme to utilise Indian startups, MSMEs, innovators, R&D organisations, NGOs, and entrepreneurs to enhance operational efficiency and safety in the railway network

The Indian Railways has awarded startups 23 innovation projects worth INR 43.87 Cr to address 15 problem statements aimed at enhancing services of the national transporter.

According to ANI, the Railways has received a total of 423 proposals against the 28 problem statements posted on an innovation portal aimed at soliciting suggestions from startups.

The Indian Railways has allocated about INR 10.52 Cr in grants to eligible startups involved in current innovation projects.

The problem statements for which projects have already been awarded include designing improved elastomeric pads for heavy freight wagons, developing lightweight wagons for transporting goods like salt, implementing rail stress monitoring systems, advancing track inspection technologies for precise assessment, enhancing broken rail systems, and innovating track cleaning machines. 

It also includes developing sensor-based load counting devices with audio-visual alarms in power cars, simplifying OHE cantilever design, creating quick point locking clamps/systems, and implementing sensor-based fire/smoke detection systems with wireless networking for Indian Railways coaches.

On June 13, 2022, the Ministry of Railways initiated the ‘Startups for Railways’ programme, aimed at harnessing the capabilities of Indian startups, MSMEs, individual innovators, R&D organisations, NGOs, and entrepreneurs to improve operational efficiency and safety within the railway network. 

As of July 2024, the Indian Railways Innovation Portal has attracted registration from 1,942 entities engaged in innovation, reflecting widespread participation across various sectors to innovate and enhance railway services.

In August 2022, Indian Railways received 297 proposals from startups as part of the ‘StartUps for Railways’ initiative. The proposals aimed to address 11 specific problem statements, with the highest number, 43, focused on the broken rail detection system. This was followed by 42 proposals for developing an on-line condition monitoring system for traction motors and 40 proposals for automating track inspection activities. 

You have reached your limit of free stories
Become An Inc42 Plus Member

Become a Startup Insider in 2024 with Inc42 Plus. Join our exclusive community of 10,000+ founders, investors & operators and stay ahead in India’s startup & business economy.

2 YEAR PLAN
₹19999
₹7999
₹333/Month
UNLOCK 60% OFF
Cancel Anytime
1 YEAR PLAN
₹9999
₹4999
₹416/Month
UNLOCK 50% OFF
Cancel Anytime
Already A Member?
Discover Startups & Business Models

Unleash your potential by exploring unlimited articles, trackers, and playbooks. Identify the hottest startup deals, supercharge your innovation projects, and stay updated with expert curation.

Railways Award Startups With 23 Innovation Projects Worth 43.87 Cr To Improve Services-Inc42 Media
How-To’s on Starting & Scaling Up

Empower yourself with comprehensive playbooks, expert analysis, and invaluable insights. Learn to validate ideas, acquire customers, secure funding, and navigate the journey to startup success.

Railways Award Startups With 23 Innovation Projects Worth 43.87 Cr To Improve Services-Inc42 Media
Identify Trends & New Markets

Access 75+ in-depth reports on frontier industries. Gain exclusive market intelligence, understand market landscapes, and decode emerging trends to make informed decisions.

Railways Award Startups With 23 Innovation Projects Worth 43.87 Cr To Improve Services-Inc42 Media
Track & Decode the Investment Landscape

Stay ahead with startup and funding trackers. Analyse investment strategies, profile successful investors, and keep track of upcoming funds, accelerators, and more.

Railways Award Startups With 23 Innovation Projects Worth 43.87 Cr To Improve Services-Inc42 Media
Railways Award Startups With 23 Innovation Projects Worth 43.87 Cr To Improve Services-Inc42 Media
You’re in Good company