IMC – inclusive innovation awards, 2013

The Indian Merchants’ Chamber’s “INCLUSIVE INNOVATION AWARDS” for 2013 will be held on 14th November 2013 from 5.30 to 7.00 pm at Walchand Hirachand Hall, IMC building Churchgate Mumbai giving an award of Rs. 20 lakhs to the winner.

Online PR News – 09-November-2013 – Mumbai / Maharashtra – The Indian Merchants’ Chamber’s “INCLUSIVE INNOVATION AWARDS” for 2013 will be held on 14th November 2013 from 5.30 to 7.00 pm at Walchand Hirachand Hall, IMC building Churchgate Mumbai giving an award of Rs. 20 lakhs to the winner. The award is sponsored by the R. Jhunjhunwala Foundation.

The IMC Inclusive Innovation Awards recognize product or service innovations which are inclusive, capable of commercial exploitation, sustainable and scalable. The five finalists have been short listed through a two tier process – first evaluation by Screening Jury and second, by the Participating Main Jury members - Rakesh Jhunjhunwala, Partner, Rare Enterprises, Dr R A Mashelkar, National Research Professor & President, Global Research Alliance, CSIR, National Chemical Laboratory, Mr Mahalingam, Former Chief Financial Officer (CFO) & Executive Director, Tata Consultancy services, Mr Sumant Sinha, ReNew Power, Mr Dhanpal Zaveri, Partner and CEO, Everstone capital Advisors Pvt ltd, Anil Gupta (Prof.), Executive Vice Chair, National Innovation Foundation, M L Bhakta, Senior Partner, Kanga & Company. The five finalists will present their product/service and provide responses to the questions of the Jury Members, both Screening Jury and Main Jury as also of the attendees. The aim and objective of the Award is to recognize the work of the inclusive innovators, provide them mentoring support and to link them with entrepreneurs and fund providers to take their innovations to the market.

The Products or services is based on the facts that it uses minimal raw materials, time and other resources so as it becomes affordable for large sections of the society. There are three categories for 2013 Cycle of the Awards:
 Category A
o Individuals
o Private sector enterprises (other than those in Category B or C)
o Academic/Research Institutions
 Category B
o Public listed entities and their subsidiaries, associates or joint ventures
o Government/Government Departments
o Public Sector Enterprises
 Category C
o Non-Government Organisations/ Not for Profit Organisations (NGO/NPOs)

All persons of Indian origin, from within or outside of India, are eligible to participate. Last year, IMC gave away the prestigious IMC Inclusive Innovation award to the innovator, Rajinish Jainfrom Avani, Kumaon Uttarkahand for his innovative product- ‘Electricity and Cooking Charcoal from Pine needles’.

There were a good number of quality entries were received out of which a panel of Jury Chaired by Dr R. Mashelkar (Chairman), Mr Mahalingam, Mr Sumant Sinha and Mr Dhanpal Zaveri shortlisted five nominations. The Final Award winner will be selected out of these five through Q&A session in the morning on November 14, 2013 in IMC. The winning entry will receive Rs. 20 lakhs and the other four will be awarded Certificate of Recognition to short-listed Nominees (upto 4) from Category A and mentoring support and Certificates of Recognition to Winners from Categories B and C.

The winners will be provided with mentoring support to take their innovation to the market or if the product or service is already in the market to enhance its scale. The award is sponsored by the R. Jhunjhunwala Foundation and KPMG India is the knowledge partner with Zee News as the Channel Partner and Radio BIG FM as radio Partner.

The Final winner will be chosen out of one of the following innovations.
• Namita Banka, Managing Director, Banka BioLoo Pvt Ltd, Hyderabad for her product Bio-Toilet, Bio-Tank, Bio-Digester. Bio-digester technology is a consortium of anaerobic bacteria that degrade the human waste and generate bio-gas and re-usable water. This toilet system, developed using DRCO’s bio-digester technology, treats human waste on the spot without any transportation to a central facility. It does not require a sewage treatment facility. The product is customizable and does not require much space. It eliminates foul smell in the toilets, fecal matter in the tank is not visible and there is no clogging of digesters. It does not require power.

• Leo S. Mavely, Founder & CEO, Axio Biosolutions Pvt Ltd, Ahmedabad for his product AXIOSTATTM –Emergency Haemostatic Dressing. This dressing stops profuse external bleeding within 2-3 minutes of application and covers the wound from microbial infections. It sticks to the blood, seals quickly and has shelf life of 3 years. The dressing is easy to remove; it turns into gel when saline/water is applied and can be easily washed away quickly for treatment of the wounds when medical facility is not available. It is biodegradable. This is CE approved first and only product available in India for Trauma haemorrhage control. The technology for manufacture is indigenously developed and patented, whereby extremely ‘positively charged’ dressing is made. Blood cells being ‘negatively charged’ immediately get absorbed and trapped inside the positively charged porous dressing.

• Sameer Sawarkar, Chief Executive Officer and Rajeev Kumar, Chief Operating Officer from Neurosynaptic Communications Pvt Ltd, Bangalore for their product ReMeDi™ – Remote Medical Diagnostics. The Product enables doctors to remotely measure basic physiological parameters like ECG, Temperature, Blood Pressure, SPO2 and real-time auscultation through Electronic Stethoscope and provides vital information about the patient to a remote doctor for preliminary diagnosis. The medical device uses 2W of power. The Product includes video conferencing between doctors and patients which can work at a bandwidth as low as 32 Kbps. With images, taken using a normal web camera, doctors can also provide eye care, dermatology and ENT services.

• Bhargavan Mohanlal, Alappuzha, Kerala for his product Marine Reversible Reduction Gearbox and Manualy turnable Z-drive system. The Product, Gearbox is made from light aluminum alloy and enables use of the diesel engines in fishing boats. It has a Z drive which can be locked at 90 degrees while landing of the boats to enable smooth landing of boats without any damage to the nets of the fishermen. The Gearbox is approved by Matsyafed, the Kerala State Cooperative Federation for Fisheries Development. The Product (reversible reduction gearbox) enables use of diesel engines which brings down fuel expense by 70% i.e. from Rs.3500/- to Rs.900/- for 8 hrs. Also, the change of fuel from kerosene to diesel brings down water pollution to almost zero.

• Rohit Bharatkumar Singh, Tanmay Vinay Shinde, Hitarth Narsi Patel, Navnath Bhimrao Mane, Rahul Dilip Kapoor, Dr. K.T.V Reddy and Nimish Rajwade from Extreme Engineering Research Project Group, Mumbai for their product Sancharak: A Cell-Phone For Blind People. The Product has a display (screen) which is capable of displaying any number, alphabet and character in Braille form as against the normal LCD screen in the mobile phones. The display consists of holes and in every hole there is a pin. The received data is first converted into the Braille i.e. dot language and then signals are sent after which, the data in Braille language is formed on the display by pushing only those respective pins in upward direction. The cost of the product is expected to be around 7000-8000 which is quite competitive considering the features of the Product.

For Further details,

Contact: Vidhi Shah Jinal Mehta
Mob: 9820699237/ 9821555668. Tel: 022 – 66912814/ 15/ 16
Fax: 022-66924457

Contact Information
Upasna Sahu
Indus Communications
Mumbai IMC Bldg., IMC Marg, Churchgate
Mumbai Maharashtra, 400020