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CNBC TV18 announces winners of ‘Samsung Innovation Quotient 2’

The initiative recognizes unique innovators with creations that benefit society at large and pave the way for development through a comprehensive approach

BestMediaInfo Bureau | Delhi | August 21, 2012

The second season of CNBC TV18’s Samsung Innovation Quotient came to an end, with the grand finale hosted in the national capital. With the objective of showcasing innovations in India, six finalists got the opportunity to present their innovations in front of a panel of discerning jury members like Mohandas Pai, Chairman, Manipal Global Education; Sachin Bansal, CEO, Flipkart; Vineet Rai, MD, Aavishkar Ventures: Kunal Bahl, CEO, Snapdeal; Alok Kejriwal, Founder, 2Win Group; Dipesh Shah, Dy. Managing Director, Samsung India and Senthil Chengalvarayan, President & Editorial Dir., TV18 Business Media.

A host of innovative social ventures like Geothermal based air conditioning systems, Multi -utility tractors, Electronic public toilet, Mosquito Trap, Navigation system for visually impaired people and Emergency haemostatic dressing conceived and developed by six dynamic entrepreneurs shared the spotlight at the grand finale of the Samsung Innovation Quotient –Season 2. These finalists had to go through a meticulous scrutiny and short listing assessment by an astute Jury.

The Samsung Innovation Quotient Award went to Leo Mavely from Ahmedabad for developing AXIO: India’s first emergency thermostatic dressing AXIOSTAT; the First Runner Up Award went to Ganesham Pogula from Secunderabad for Herbi Sprayer and  the 2nd runner up Award went to Arun Shenoy from Mumbai, for his innovation GIBBS.

On the occasion of the grand finale, Suresh Venkat, Editor, Technology & Special Features, CNBC-TV18, stated, “Innovation is the key to the success of any country and plays an integral  role in forecasting a nation’s economic future. SIQ is our way of encouraging the innovation drive in India, recognizing the deserving innovators who have the potential in shaping and modifying our society at large. By acknowledging innovation led ventures, we are also playing an instrumental role in making people believe in their imaginations which has the dormant power for innovation. CNBC TV18 is proud to recognize some of the most significant and influential innovations that have the potential to revolutionize and move beyond clichés.”

Speaking on the occasion, B D Park, President & CEO, South West Asia HQ , Samsung Electronics stated, “At Samsung, we believe in the power of innovation to make a difference in the lives of consumers. And the genesis of Samsung Innovation Quotient lies in the fact that we wanted to encourage innovators who through their innovations can transform society and benefit mankind.

I am very happy to see that we could get innovators from different spheres of work and different parts of India participate in this program and therein lies the success of the program.”

Based on the concept of "Innovation for Development," Samsung Innovative Quotient is a platform developed to recognize unique innovators with creations that benefit society at large and pave the way for development through a comprehensive approach. Each of these innovators have spent considerable time, effort and money on their innovation with the intention of benefitting society at large.  They have also successfully proved to society that social ventures can be profitable as well. Taking each innovation further, ‘Samsung Innovative Quotient’- 2 will also help the finalists in nurturing their product and making it ready for the market while trying to get them funding as well.

The partners associated with this initiative are as follows 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.

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