Tinker Tank Technologies, a ready-to-go-operational start-up venture, has emerged winner of the fifth edition of  iDiyaChallenge, a one-week-long social venture competition that concluded at Indian School of Business (ISB)’s Hyderabad campus on Saturday.

The student-driven competition aims to stimulate, enable and develop high-impact, self-sustaining social businesses in India. Sponsored by ISB, this year’s programme has received 40 applications from participants across the state.

TinkerTank , which has developed Doopica, a low-cost semi-automated incense-stick machine that eliminates hard labour while producing more with less effort, helping women produce four times more incense sticks and increasing their monthly income by Rs 5,000, received an investment support of Rs 2 lakh from ISB.

While Bodhi Health Education, another ready-to-go-operational start-up that aims to provide affordable medical education to health workers in rural and semi-urban areas of India, was the first runner-up, standing in the third place was Rematerials, which makes housing roofs out of waste material for people in villages and slums.

“It is not important to have great technology in order to innovate. It is important to make incremental changes and scale them up,” Jayaprakash Narayan, member of the Legislative Assembly of Andhra Pradesh and founder of Loksatta party, said in a release.

source: http://www.business-standard.com / Business> Companies> News / by K Rajani Kanth / Hyderabad – December 01st, 2013