What is Challenge Fund?


We all know 2020 – an extraordinary year in living human history – that challenged mankind with an unprecedented terrible Pandemic apparently poised to wipe out the entire mankind and all its achievements, if not repelled more aggressively and steadfastly. The community of nations proved for the first time that it confront the adversary more resolutely than the sheer force of its onslaught. Mankind also demonstrated that it does not retreat, rather moves forward aggressively and with determination, creativity, transformation, and innovation, when struck by the colossal natural calamity. It has been proven that every challenge also presents multipronged opportunities. Technology allowed us to continue our work unabated with firm determination and achieve our objectives, which were no way less than the normal time. We have discovered and been adorned with the confidence of greater ability of ourselves than ever before.

Supply of medical oxygen to public hospitals is under strain as the demand for the life-sustaining gas has increased multiple times over last few weeks, posing new challenges in the battle against the second wave of the coronavirus infections. The main problem is that medical oxygen is not reaching hospital beds in time. This delay is a product of where production units are located, a stretched distribution network. On the other hand, this second waves may come to us with many other digits if we don’t take necessary action right now.

It is a time for think tanks, researchers, academia, innovators and private organizations to come forward and work together to introduce an indigenous alternative oxygen sources that is Oxygen Concentrator and High Flow Nasal Cannula. We the iLab will provide the necessary funds, facilities and technically supports from all level to tackle this challenge and we deserve a solution as follows.

Download


Application must be submitted by
15th June, 2021



FAQ


1

The contest is open to any legal entity or group of legal entities who have

Ready Team with domain expert
Production & commercialization capacity
Similar Development Experiences
After sales support capacity or a ready plan

2

The contest is open to any legal entity or group of legal entities who have

Bankrupt, being wound up, having their affairs administered by the courts, entered into an arrangement with creditors, suspended business activities or subject to any other similar proceedings or procedures under national law (including persons with unlimited liability for the participant's debts)
Declared in breach of social security or tax obligations by a final judgment or decision (including persons with unlimited liability for the participant's debts)
Fguilty of grave professional misconduct by a final judgment or decision (including persons having powers of representation, decision-making or control)
Convicted of fraud, corruption, involvement in a criminal organization, money laundering, terrorism-related crimes (including terrorism financing), child labor or human trafficking (including persons having powers of representation, decision-making or control)
Shown significant deficiencies in complying with main obligations under a procurement contract, grant agreement or grant decision financed by the GoB (including persons having powers of representation, decision-making or control)
Have misrepresented information required for participating in the contest or fail to submit such information