Bangalore, November 2, 2022: Arthur D. Little (ADL), announced the winners of the 3rd edition of the Arthur D. Little Innovation Challenge 2022 which saw participation from over 1800 students from India’s leading B-Schools, namely IIM Ahmedabad, IIM Bangalore, IIM Calcutta, IIM Lucknow and Indian School of Business (ISB). The national finale, hosted on 30th October 2022 in the National Capital Region/Delhi, saw 30 national finalists of the 2022 edition present their innovation concepts to a panel of ADL India leaders. The theme of this year’s challenge was “Corporate India 2050 – Build the next challenger.”
Shivam Chandak, Avichal Agrawal, and Pragya Malik (Team Innovation Geeks) from IIM Calcutta emerged as the winner for their reimagination of the Automotive Industry, Team Transcendence from IIM Bangalore secured the first runner-up position for their creative presentation on the Retail Industry and Team Invincibles from IIM Bangalore was declared the second runner-up for their innovative ideas on the Cement Industry.
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While announcing the national winners, Barnik Chitran Maitra, Managing Partner of Arthur D. Little, India, and South Asia, said, “The ADL Innovation Challenge aims to stir the inquisitive minds of the future business leaders of India. The innovative ideas presented today will define Corporate India over the coming decades. The brilliant business concepts highlighted in this year’s edition are a testimony to the imminence of India becoming an economic powerhouse and an epicentre of global innovation.”
The ADL Innovation Challenge is India’s largest consulting case competition, first held in 2020. The previous two editions were a grand success with the participation of more than 2500 eclectic minds from the top business schools of India. The national challenge provides a platform for the students of IIMA, IIMB, IIMC, IIML, and ISB to reimagine the contours of Indian business. The competition, this year, involved multiple rounds of problem-solving, analysis, and final presentations to the ADL India leadership. Over a period of 2 months, students interacted with ADL consultants to further hone their ideas. The winners were awarded a prize money of ₹ 5,00,000, the first runners-up won ₹ 3,00,000 and the second runners-up took home a prize money of ₹ 2,00,000 in addition to Pre-Placement interviews offered to all 30 national finalists.
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