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CNBC-TV18 launches ‘Samsung Innovation Quotient’ season 2

A nationwide hunt to recognize India’s finest Innovators

BestMediaInfo Bureau | Delhi | June 7, 2012

Samsung and CNBC-TV18 are back with Season 2 of ‘Samsung Innovative Quotient’. This is a platform that recognizes innovators from across the nation who have created an indigenous product or solution that fulfills a mass need in a unique and scalable way.

Samsung Innovative Quotient is based on the concept of "Innovation for Development" -unique innovations that will benefit society at large and pave the way for development through a comprehensive approach. Thus the aim of ‘Samsung Innovative Quotient’- 2, is to hunt and give recognition to innovators who are selflessly working towards the betterment and development of society.

A common myth that ‘Samsung Innovative Quotient’ – 2 hopes to change is that Social Ventures cannot be profitable. ‘Samsung Innovative Quotient’ – 2 believes that since an innovation will benefit society at large, and the innovator has spent time, effort and money on the same, it is important that society gives due recognition to the innovator. The other important aspect of ‘Samsung Innovative Quotient’-  2 is the ‘Design Audit’, in which a design firm will help the finalists design their products to be presentable and essentially, more marketable.

‘Samsung Innovative Quotient’-  2 will not only search for such an innovation, but also help the finalists in nurturing their product and making it ready for the market while trying to get them funding as well. Bringing together entrepreneurs, innovators and experts will ensure that this is a platform for great innovations that are also self supporting at the same time.

The nominations process started on 1st June 2012. To register log on to http://www.siq.moneycontrol.com/index.php

Speaking on the launch of the initiative, Suresh Venkat, Editor - Technology & Spl. Projects, CNBC TV18 said “With the overwhelming response received during the first season, from innovators across the country, we were compelled to launch season 2 on a bigger, better and larger scale. Thus ‘Samsung Innovative Quotient – 2’ is conceptualized with the thought “Innovation for Development” that will not only benefit society at large but also prove to be profitable for the individual.  We are proud to have created this platform for individuals who have braved the times, set new benchmarks and brought a lot of credence to their business and society.

Stated B D Park, President & CEO, South West Asia HQ, Samsung Electronics, “Samsung as a brand thrives on innovation. We also believe that the spirit of innovation can be channelized to lead to the development of community, which is the essence of  Samsung’s Corporate Social Responsibility programs. With the Samsung Innovation Quotient, we are creating a platform that recognizes the best of innovations that make a difference in the lives of the Indian community.”

The innovations submitted for the ‘Samsung Innovation Quotient’ will be evaluated on criteria like Originality of idea ,Feasibility of the business model given the market opportunity and the venture ,Scalability, potential for growth or replication of the venture as well as Reach, depth and quality of social impact amongst others.

The partners associated with this initiative are Knowledge and Process Partners - Intellecap, Social Innovation Partner - Ashoka, Print Partner - Entrepreneur, Mall Partner - High Street Phoenix, Bang Design - Design Partner, Café Partner- Barista Lavazza, Radio Partner - 104.8 FM sabse Filmi

Info@BestMediaInfo.com

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