26 Sep ‘Value for Money’ competition organised by NID and Royal Dutch Kusters Engineering
An ardent student of Lifestyle & Accessory design of UID, Urvi Bansal (Third Semester, Batch 2016-20), became the first runners-up in a unique design competition titled ‘Value of Money’ organized by Royal Dutch Kusters Engineering (RDKE) in association with NID, Ahmedabad. Urvi was under the tutelage and mentorship Prof. Sweta Dalal (LSA, UID) during the competition. She also received a cash prize of Rs. 75,000 for achieving this immense feat.
The participants had to transform briquettes of shredded unfit banknotes into something with sustainable value. Urvi came up with the idea to use another waste material-saw dust along with the shredded notes to design prototypes of multi-purpose boards that are meant for low-income households. Urvi’s idea was unique as she used highest percentage (almost thirty percent) of shredded notes in her prototype, whereas other students used two to three percent shredded notes in their designs. Her concept impressed the panel of Jurors that consisted of renowned business entities, professors from premier design institutes and design professionals. Prof. Gauri Wagenaar, Head, School of Interior Design, Unitedworld Institute of Design, who was also acting as a jury member for this competition, had ideated the whole concept of this competition.
It’s a bewildering fact that as much as 115 tonnes of currency waste generated in India each day. After the demonetization program, around 57 billion notes were declared illegal and it was a challenging task for RBI to recycle all these destroyed bank notes in a sustainable way. Thus, design students from all over India were challenged to come up with innovative ideas to design prototypes that can be made into mass market products. Shri Vijay Rupani, Honorable Chief Minister of Gujarat, launched the competition in the presence RBI officials on 18th May 2017. A total of 184 really talented design students from 49 top-tier design institutes in the country registered to take part in the competition. After the primary screening, thirty students were shortlisted who were provided with the shredded currency for designing the prototypes. From building blocks to modular plates to luxury goods, the participants came up with prototypes in all shapes and sizes. The final selection was done on the basis of four criteria- sustainability, maximum use of material, industrial applicability and innovativeness.
The Royal Dutch Kusters Engineering (RDKE) is a global manufacturer and supplier of currency disintegration system and they will be funding these product ideas to get patented and industrialize them into mass market products.