Power2SME in collaboration with TiE Delhi-NCR concluded the first ever online award ceremony of the Spirit of Manufacturing Awards today, on the side-lines of Resurgence TiECon Delhi-NCR. This year marks the 7th season of the awards.
The Award Ceremony at the 7th Spirit of Manufacturing Awards
Initiated in 2014, The Spirit of Manufacturing Awards are aligned with the Indian government’s call to “Make In India” and seek to applaud innovations in the manufacturing industry and encourage young innovators in the manufacturing space to hone their skills with the right resources under the right leadership so they can be positioned on a fast growth trajectory.
With Pre-screening of all online applications for each category, followed by assessment of selected applications, the final list of top 15 contestants was generated. The selection of the final winners was announced on the basis of their presentation in front of a team of Jury members, comprising business experts and industry veterans, on January 20th, 2021 and scores amalgamated from the previous rounds. The Jury evaluated each presentation on the basis of the Execution Strategy, Competitive Advantage, Management Depth, Sales & Marketing Strategy and the Financial Viability. Towards the end of presentations, the scores were tabulated to announce the winners from each category.
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Mr. R Narayan, Founder and CEO, Power2SME elaborated that, “This year served as a huge setback for business not only across India but across the world. Manufacturing being among the worst hit, India’s startups have shown resilience. Given the scenario, we scouted for talent which was offering solutions relevant to the current times. We’re glad to have been able to showcase their innovative offerings and solutions. The 7th season of the Spirit of Manufacturing Awards continue to applaud the entrepreneurial spirit of India. From robotics and automation to solving crucial social issues like waste management/water management, India’s startups are building business models for the society as a whole.”
Ms. Geetika Dayal, Executive Director, TiE Delhi NCR expressed that “Every year we witness the bar of quality of manufacturing startups going up. It’s heartening to see startups #MakeinIndia & Make a difference through their products across sector. The Spirit of Manufacturing Awards was set up to put a spotlight on the innovative entrepreneurship of these ventures. We are glad to discover and hone young businesses in India and our continued partnership with Power2SME. The platform, has evolved over the years, and a new partner Western Digital joins us this year – making the initiative stronger & a force to reckon with.”
The winners were awarded across 5 categories based on the innovative skills and the tangible impact showcased. The categories included Social Impact, Young Entrepreneur, IT Adoption & Innovation, Woman Entrepreneur of the Year and Special Jury Award.