scorecardPower2SME and TiE Delhi-NCR announce the winners of the Spirit of Manufacturing Awards 2022
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Power2SME and TiE Delhi-NCR announce the winners of the Spirit of Manufacturing Awards 2022

Power2SME and TiE Delhi-NCR announce the winners of the Spirit of Manufacturing Awards 2022
Business3 min read
Representative image    BI India
Power2SME in collaboration with TiE Delhi-NCR concluded the online award ceremony of the Spirit of Manufacturing Awards yesterday, on the side-lines of Unstoppable India: TiEcon Delhi 2022. This year marks the 8th season of the 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 16 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 March 24th, 2022 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.

Mr. R Narayan, Founder and CEO, Power2SME elaborated that, “COVID19 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. We’re glad to have been able to showcase their innovative offerings and solutions. The 8th season of the Spirit of Manufacturing Awards continues 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.”

Geetika Dayal, Executive Director, TiE Delhi-NCR speaking at the event said, "The Spirit of Manufacturing Awards, now in its 8th Season, was set up to put a spotlight on the innovative ventures in the manufacturing domain, in India. Our partner Power2SME has played a seminal role in anchoring this movement towards a self-reliant country. Every year we witness the quality of applications going up. The platform has evolved over the years, 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.

WinnersJury members
IT Adoption & Innovation: Rahul Kednurkar, SenseGiz Technologies Pvt Ltd.R Narayan, Founder & CEO, Power2SME & President, FICCI-CMSME
Woman Entrepreneur of the Year: Suhasini Sampath, Sproutlife Food Pvt Ltd.
Young Entrepreneur of the Year: Nitin Kapoor, IBA Crafts Pvt Ltd.Ms. Jyoti Vij, Deputy Secretary-General, FICCI
Social Impact: Hunny Bhagchandani, Torchit Electronics Pvt. Ltd. Mr. Snehashish Bhattacharjee - Global CEO, Denave
Jury’s Choice: Ria Rustagi, Pankhtech India Pvt td. Mr. Sahil Dharia, Founder & CEO, Soothe Healthcare
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Disclaimer: Business Insider is the Exclusive Insights Partner to the event.