NMDC launches Summer Camp for 1700 Children in Dakshin Bastar (See 'Corp Brief') 'Janjati Samagam' will, in coming years, gain global recognition as Kumbh of tribal communities (See 'Corp Brief') Benami Act - Confiscation under Benami Act is civil consequence and distinct from prosecution: SC (See 'Legal Desk') At Siliguri's 19th employment fair, 82 young people receive appointment letters (See 'Corp Brief') IBC - During subsistence of moratorium u/s 14 IBC, lessor cannot terminate subsisting lease and recover possession of leased property occupied by corporate debtor by invoking contractual breach clauses: HC (See 'Legal Desk') HMT expands global footprint with export despatch to South Africa (See 'Corp Brief') Govt highlights achievements in empowering Micro Food Processing Enterprises, women entrepreneurs & rural livelihoods (See 'Corp Brief') SAIL signs MoU with MDI, Gurgaon for Executive Education Program (See 'Corp Brief') Govt hosts Bharat Innovates Investor Showcase; 24 deep-tech start-ups participate (See 'Corp Brief') SARFAESI - Pre-deposit u/s 18 of SARFAESI Act cannot be completely waived for entertaining appeal before DRAT: HC (See 'Legal Desk') SEBI, NISM & IICA sign MoU to advance corporate covernance, ESG (See 'Corp Brief') BRICS Youth Council Entrepreneurship Working Group concludes discussions on innovation & sustainable enterprise (See 'Corp Brief') Misc - Embargo under RBI Master Circular dated July 1, 2015 cannot be mechanically continued for five years after removal of borrower's name from list of wilful defaulters if account was settled by compromise: HC (See 'Legal Desk') Women participation under APY reaches record 55.14% during FY 2025-26 (See 'Corp Brief') National Review Meeting for Swachh Bharat Mission-Urban 2.0 to be held in New Delhi (See 'Corp Brief') Gadkari reviews progress and Quality of NH Projects in Assam (See 'Corp Brief') CCI approves acquisition of equity in Neysa Networks by BCP Asia II Topco V Pte. (See 'Corp Brief') IPR - If patent claim is only to device embodied in chip, royalty or damages cannot be assessed on basis of entire end product: HC (See 'Legal Desk') CCI okays acquisition of stake of Restaurant Brands Asia by Lenexis Foodworks (See 'Corp Brief') CCI nod for acquisition of Baharampore-Farakka Highways Toll Roads by Cube Highways Trust (See 'Corp Brief') India, South Korea sign agreements for cooperation in Defence Cyber (See 'Corp Brief') Scindia launches Mission on 'Arunachal Kiwi: The USP of Arunachal Pradesh' (See 'Corp Brief') A&C - Invocation of arbitration u/s 21 is not consent to appointment, and that subsequent participation in proceedings does not by itself constitute express written waiver: HC (See 'Legal Desk') DFS organises Half-Day Workshop on IBC Amendment Act, 2026 (See 'Corp Brief') National Seminar on 'New Age Fibres – Innovation, Research and the Road Ahead' inaugurated (See 'Corp Brief') National Commission for Minorities organizes Conference of State Minorities Commissions (See 'Corp Brief') IPR - Sec 17 of Trade Marks Act does not prevent protection of prominent part of composite mark where that part is distinctive: HC (See 'Legal Desk') MoS launches Ayush Anudan Portal under Ayush Grid Initiative (See 'Corp Brief') Coal Production commences from Urtan and Dhirauli Mines in MP (See 'Corp Brief') Govt's TEAM Initiative empowering Small Businesses through Digital Commerce Enablement (See 'Corp Brief') PMLA - Provisional attachment not invalidated due to lack of competency of officer; amended provisions do not apply to transactions prior to 2016 amendment if property continues to be held: SAFEMA (See 'Legal Desk') MoRD charts roadmap for Women-Led Rural Marketing Ecosystems (See 'Corp Brief') Pharmacopoeia Commission organizes 5-Day Capacity Building Training (See 'Corp Brief') Saurabh Vijay assumes charge as CEO of Unique Identification Authority of India (See 'Corp Brief') Companies Act - Appellant company directed to change its name where it significantly resembles the name of a pre-existing company and may cause confusion: HC (See 'Legal Desk') Minister reviews technology-led underground mining, integrated smelting operations (See 'Corp Brief') Scientific Steering Committee Meeting on National One Health Mission Held in New Delhi (See 'Corp Brief') Govt launches campaign to reduce edible oil consumption (See 'Corp Brief') PMLA - Provisional attachment unsustainable when Initiating Officer fails to establish source of consideration & beneficial ownership as per Section 2(9)(A): SAFEMA (See 'Legal Desk') HM inaugurates 'Million Minds Tech Park' and 'GREMI City Campus' in Ahmedabad (See 'Corp Brief') Amit Shah inaugurates State-of-the-Art Milk Processing Plant of Madhur Dairy (See 'Corp Brief') Experts Discuss Yoga for Youth and Mental Wellness in Digital Era (See 'Corp Brief') Misc - RBI circular dated June 07, 2019 on 'Prudential Framework for Resolution of Stressed Assets' was policy decision taken by expert body in larger public interest: HC (See 'Legal Desk') GeM continues to support Digital Public Procurement System (See 'Corp Brief') Ministry of Education reviews strategy for mainstreaming Out-of-School children (See 'Corp Brief') Misc - NBFC cannot reposses financed vehicle through coercive means, without adherence to due process of law and in violation of RBI recovery guidelines: HC (See 'Legal Desk') Supreme Court lays down scenarios for lifting of Doctrine of Corporate Veil (See 'CORP EINSICHTf')

AIIA-iCAINE Marks Excellence at MSME Hackathon 5.0 with Breakthrough Idea Selection

Published: Apr 16, 2026

By TIOLCorplaws News Service

NEW DELHI, APR 16, 2026: IN a strong endorsement of its growing stature as a hub of innovation and entrepreneurship, the All India Institute of Ayurveda (AIIA), through its incubation centre iCAINE, has achieved a significant milestone at the MSME Idea Hackathon 5.0. Reinforcing its role as the sole leading Host Institute under the Ministry of Ayush, Government of India, dedicated exclusively to advancing the Ayurveda sector, AIIA has once again demonstrated its ability to identify, nurture, and scale impactful innovations aligned with national priorities.

"This achievement at MSME Idea Hackathon 5.0 reflects AIIA's unwavering commitment to fostering innovation within the Ayurveda ecosystem. Through iCAINE, we are not only supporting novel ideas but also creating a robust platform to translate them into impactful, scalable solutions that contribute to national development and global healthcare advancement. The selection of 'MITE OUT' further reinforces our vision of integrating traditional knowledge with modern innovation to address real-world challenges," said Prof. P.K. Prajapati, Director, AIIA.

The MSME Idea Hackathon 5.0, an initiative of the Ministry of Micro, Small and Medium Enterprises, serves as a premier national platform aimed at fostering innovation, entrepreneurship, and problem-solving among students, innovators, and early-stage startups. The programme enables participants to present high-potential ideas with strong societal and commercial relevance. Selected innovations are supported with financial assistance of up to Rs.15 lakh, along with structured mentorship and incubation support through recognized Host Institutes across the country.

As one of the designated Host Institutes since the inception of the MSME Hackathon, AIIA has played a pivotal role in driving innovation, particularly in the domain of Ayurveda. Through its incubation ecosystem-iCAINE-the institute offers end-to-end support, including technical mentorship, validation, infrastructure access, and strategic guidance, thereby transforming promising ideas into scalable and sustainable enterprises.

"At iCAINE, our focus is on nurturing ideas that have the potential to create meaningful impact. The selection of 'MITE OUT' is a testament to the strength of our incubation ecosystem and our commitment to supporting innovators at every stage of their journey. We aim to empower startups with the right mentorship, infrastructure, and strategic direction to transform innovative concepts into successful enterprises," said Dr. Shivakumar Harthi, In-charge, AIIA-iCAINE.

Under the MSME Idea Hackathon 5.0, the innovative startup idea titled "MITE OUT: A Dual-Action Non-Invasive Device for Safe Extraction of Myiasis Larvae in Livestock" (Ref. No.: IDEADL033172), developed by Anneasa Manna and team, has been successfully selected under AIIA, New Delhi as the Host Institute.

This achievement not only highlights the ingenuity of the innovator but also underscores the robust incubation framework fostered by AIIA through iCAINE. By consistently supporting high-impact ideas, AIIA is strengthening India's innovation ecosystem and contributing to economic growth, employment generation, and technological advancement.

With its continued commitment to excellence, AIIA, through iCAINE, is steadily emerging as a powerhouse of innovation-empowering ideas, enabling startups, and shaping the future of healthcare and allied sectors in India.

TIOL CORP SEARCH

TIOL GROUP WEBSITES