Sponsoring Agency: Indian National Academy of Engineering
Type of Fund: Challenges, Competitions or Prizes
Deadline Available: Available
Deadline Date (mm/dd/yyyy): 04/30/2021
Size of the Fund: Less than USD $50,000
The Indian National Academy of Engineering (INAE) is calling nominations for Young Innovator & Entrepreneur Award to encourage and recognize innovation and entrepreneurship among Young Engineers.
The engineering innovations/inventions/concepts that have been actually realized and implemented in industry either in new processes or products would be given preference. The nominations would be sought from Fellows/CEOs/Directors/Heads of industry, R&D organizations, Engineering institutions and Departments. Self-nomination is not permitted.
• The award would carry a citation and a cash prize of Rs 2 lakhs to the selected individual candidate or to be shared by the group of individuals not exceeding three persons.
• Up to four awards would be given every year.
• Any citizen of India not older than 45 years as on the 1st of January of the year of Award.
• Both innovation and entrepreneurship together would be considered important and young innovators from Academia/Research organization or Industry whose novel engineering/technology ideas have been translated into successful startup enterprises would be given preference.
• A nomination is valid for one year only. In case candidate is not selected during the year, there is no provision for nomination to be carried forward for the next year, however re-nomination is permitted.
• The awardees will be invited for the INAE Annual Convention being held in December each year wherein they would be conferred with the Award and may be invited to make the presentation of their work.
There would be a two-tier selection process wherein the initial shortlisting would be done by the Selection Committee. The shortlisted candidates would be then called for presentation to the Selection Committee. The Selection Committee would recommend the nominee for conferment of the INAE Young Innovator & Entrepreneur Award. In case no nomination is found suitable, no award would be conferred during that year.
More information at: https://www.inae.in/inae-innovator-entrepreneur-award/