CHINNIKRISHNAN INNOVATION AWARD
Since its establishment in 2011, the CavinKare-MMA ChinniKrishnan Innovation Awards have consistently demonstrated unwavering support for inventive endeavors initiated by small-scale enterprises and business individuals. The upcoming 12th edition of this prestigious event will pay tribute to entrepreneurs who exemplify the visionary, innovative, and ideation-driven qualities embodied by the late Shri. R. Chinnikrishnan, the father of C.K Ranganathan, Chairman & Managing Director of CavinKare Pvt Ltd. These awards acknowledge pioneering entrepreneurs based on the originality of their innovations, their positive impact on society, their potential for scalability and sustainability. The ceremony serves as a tribute to the memory of the esteemed R. Chinnikrishnan.
About Shri. R. ChinniKrishnan:
When Shri. R. Chinnikrishnan (Father of the Sachet Revolution) pioneered sachet packaging, his philosophy was simple: “Whatever the rich can enjoy, the common man should be able to afford.” Today, his innovations are visible in every corner shop. This award is our way of keeping his vision alive. The mission of this award is to identify and showcase innovative organizations, which have introduced breakthrough changes and can become role models for other Indians. CavinKare Pvt Ltd (CKPL) and Madras Management Association (MMA) would like to reach out to every single innovator in this regard.
IN PURSUIT OF INNOVATION EXCELLENCE
Calling nominations from visionaries, entrepreneurs, startups, and organisations to apply for the
12th CavinKare-MMA ChinniKrishnan Innovation Awards 2023
Nomination ended on Saturday, 15th July 2023
WHAT MAKES YOUR PRODUCT OR SERVICE A WINNER?
The jury will distinguish between 'creative output' and 'innovation'. The latter should be demonstrated by either compelling evidence of market success and widespread use/application of the uniqueness of the product/service or business.
The selection will depend on four evaluation criteria concerning the product(s) and/or service(s):
The product(s) and/or service(s) must be well-differentiated in terms of the value they would offer to customers and end-users.
Benefits to people
They should provide proven short- and long-term benefits to end-users in a real-time scenario.
The product(s) and/or service(s) must be capable of being scaled up and spread into their respective market(s) within a reasonable time.
The product(s) and/or service(s) must be sustainable
FIELDS OF EXCELLENCE AWARDED IN THE PAST
Glass stone engineering
Sanitary napkin destroyer
Handloom weaving machine
Nano-fiber technology, plastic waste recycling through “Wet Process”
Optical and ultrasonic biometric device
Wearable non-invasive leg support system for physically challenged
Zero waste pollution garbage incinerating system
Full stack AI-technology for fertility therapeutics
Indoor air purifying and pathogens purging device
Cash award of Rs.1 lakh will be presented to each innovator selected for the award. In addition, recognition at the national level, support and guidance from India's leading industrialists will be facilitated.
CKPL and MMA will offer to mentor on marketing, finance, designing, packaging, R&D and HR besides the following:
One-year direct access to the top talent available in the industry.
Support for IP acquisition.
Facilitate business links with banks & financial institutions.
* CKPL and MMA will have no financial stake.
GETTING TO KNOW THE SELECTION PROCEDURE
What is the eligibility criteria for nomination?The Nominee should be a citizen of India. The registered office of the company, firm or individual should be in India. Only start-ups and small-scale enterprises with an annual turnover not exceeding Rs.50 crore for the year 2021-22 will be eligible. This is an application process-based award. Aspirants must submit the nomination form online. Nominees must provide a brief write-up in their application form in not more than 300 words on – ”How your business is innovative/different”.
The nominees are first short-listedA Jury Panel comprising experts from business, industry and academic institutions will select a SHORTLIST after evaluating the data furnished by the nominees. Nominees may be invited for an online interactive session with the Jury.
Videographing the shortlisted nominees and their innovationThe nominees shortlisted by the preliminary Jury will be contacted for recording a short video of the innovation submission prior to the Final Jury Meet.
Interaction with the nomineesNominees may be invited for an online interactive session with the Jury to clarify aspects that they may seek.
Choosing the finalistsThe winners will be chosen by the Jury, which will consist of leaders from industry and venture capitalists.
The Award...The awards will be presented on the scheduled day that will be announced on this website.