HP Power Lab 3.0

Welcome to the HP Power Lab 3.0 - where creativity meets innovation! This competition is all about powering up your ideas to shape a brighter future for India. With the tagline "Your perspective. Our next possibility.", HP Power Lab 3.0 challenges you to bring your boldest, most creative concepts to the table.

In this competition, we aim to gather focused, actionable ideas that align with HPCL’s vision of energy innovation and sustainability. Each problem identifier video presents specific challenges and opportunities in real-time problems at HPCL, and we encourage participants to submit ideas that offer practical solutions tailored to HPCL’s industry focus.

Eligibility Criteria:

• Undergraduate/postgraduate/PhD scholar students pursuing a full-time degree are eligible to participate.
• The participants can either register as individuals or compete in teams of 1-4.
• One person cannot be a part of more than one team.

Team Formulation Guidelines:

• Participants must ensure that they choose a name for their team.
• It is the team leader’s responsibility to ensure that all the team members are eligible to participate in the contest.
• Violation of the eligibility criteria or team constitution will automatically disqualify the team.
• HPCL reserves the right to check the validity of the registration information submitted at any point in time.
• Modification of team members post-registration will not be allowed.
• Cross-college teams are allowed.
• Cross-year and cross-specialisation teams are allowed.

Stages:

Round 1: Online Assessment

• The online assessment window will be open for 12 hours.
• Each team will face 45 questions in 30 minutes that test their knowledge in areas like Brand Knowledge, Data Interpretation (DI), Analytics, Verbal Ability, and Quantitative Skills, as well as specialised questions related to HPCL.
• Points will be awarded based on both accuracy and speed, so answering quickly and correctly is key.
• The team’s final score will be the highest score achieved by any team member who attempted.

Round 2: Problem Identification

• Shortlisted teams will select one Business Track and explore the corresponding Business Context Video presented by HPCL. Based on their understanding, teams must identify a meaningful problem or opportunity within the selected track and submit a mandatory two-slide presentation outlining:

  • The problem or opportunity identified
  • The team’s understanding of its context and relevance
  • The initial direction of the proposed solution

Note - Teams may also submit an optional two-minute video pitch to further explain their submission.

Round 3: Detailed Presentation Submission

• Each team will submit a comprehensive 7-slide PowerPoint presentation outlining their solution in detail.

Round 4: Physical/Virtual Semi-Finale

• Shortlisted teams from the detailed presentation round will have the opportunity to present their innovative solutions directly to the esteemed HPCL jury.
• Following the presentation, teams will engage in a dynamic Q&A session with the jury.

Round 5: Grand Conclave

• The top teams from the semi-final will be invited to present their solutions in person to the esteemed jury. 
• After the presentations, the jury will evaluate each team's solution based on creativity, feasibility, and impact. The top teams will be announced, marking the culmination of this exciting journey.

Rewards and Prizes:

• The Winners will be rewarded with a cash prize of up to ₹1,50,000
• The 1st Runner-up will be rewarded with a cash prize of up to ₹1,00,000
• The 2nd Runner-up will be rewarded with a cash prize of up to ₹75,000
• The 3rd Runner-up will be rewarded with a cash prize of up to ₹50,000
• The 4th Runner-up will be rewarded with a cash prize of up to ₹50,000
• 6th - 10th Position Holders will be rewarded with a cash prize of up to ₹30,000 each
• Top 50 participants stand a chance to win exclusive Summer Internship opportunities at HPCL
• Participation, Appreciation and Merit Certificates will be awarded to all the eligible teams participating in round 1, round 2 and round 3, respectively.