IITM Incubation Cell (IITMIC) hosted a ‘Start-up Exhibition’ today (28th February 2020) featuring the Pan-India Winners of the Fourth Edition of the National Entrepreneurship Award (NEA) 2019, conferred by Ministry of Skill Development and Entrepreneurship, Government of India. IITMIC is the lead partner for NEA 2019.
The objective of ‘National Entrepreneurship Award’ is to recognize and celebrate work by ‘Young Entrepreneurs’ and ‘Ecosystem Builders’ from across India and instil the entrepreneurial attitude among the future-generations and the youth.
The Ministry partnered with twelve premier institutes and organization including IIT Madras (Lead Partner), IIT Delhi, IIT Kanpur, XLRI, TISS, NSIC, IIT Guwahati, IRMA, MANAGE, NIF, NABARD, and RSETI. These institutions were responsible for mobilizing nominations and evaluation process. A total of 4,136 applications were received various regions of India including the North East – Manipur, Sikkim and Meghalaya – besides the Andaman and Lakshadweep. They were rigorously evaluated by the partner incubators/institutes.
Delivering the Keynote Address, Padma Shri. Prof. Ashok Jhunjhunwala, Institute Professor, IIT Madras, said, “There is visibly lot of change in the country, where youngsters are aspiring to become job providers and not job seekers. However, as a start-up founder, your job is of very high responsibility where you are accountable and answerable to your employees. It is key to have a vision and get your team aligned to that vision at every stage of your start-up journey.”
Congratulating the winners for their work and efforts, Prof. Jhunjhunwala added, “Winning awards are great motivation, but your success depends on your continuous hard work and efforts. Start-up success should be measured by the economic impact and wealth creation which enables you to create true social impact.”
Around 12 teams participated in the exhibition of the NEA winners including- Planys Technologies, Unexplored Bastar, Eco 365 Neo Systek, Green Biotech Solution, Devrai Art Village, Global Enterprises, StreeSwabhiman Sanitary Napkins, AN Spice Industry, JS Enterprises, ScoutmyTrip, SURA and Aspartika. Several IITMIC Incubated start-ups also participated in the expo.
Entrepreneurship Development Institute of Innovation, TamilNadu, also won the award in ‘Ecosystem Builder’ category. The list of start-ups that participated in the expo can be obtained from – https://dochub.com/iitmic-events/yzEeDZn/nea-workshop-demo-list-pdf?dt=amYDr3WriFLYECQzzRgV
About IIT Madras
Indian Institute of Technology Madras (IITM) was established in 1959 by the Government of India as an institute of national importance. The activities of the Institute in various fields of Technology and Science are carried out in 16 academic departments and several advanced interdisciplinary Research Academic Centres. The Institute offers undergraduate and post – graduate programmes leading to the B.Tech., M.Sc., M.B.A., M.Tech., M.S., and Ph.D., degrees in a variety of specialisations. IITM is a residential institute with more than 580 faculty and 9,500 students. Students from 18 countries are enrolled here. IITM fosters an active entrepreneurial culture with strong curricular support and through the IITM Incubation Cell.
IITM has been ranked No.1 in the Overall Institutions category in India Rankings 2019 released by National Institutional Ranking Framework, Ministry of Human Resources Development, Govt. of India. The Institute has also been ranked No.1 in the Engineering Institutions category in the same Rankings for four consecutive years – 2016, 2017, 2018 and 2019. It was also adjudged as the ‘Top innovative Institution’ in the country in the Atal Ranking of Institutions on Innovation Achievements (ARIIA) 2019 launched by Innovation Cell of MHRD.