Wednesday, December 19, 2018
New-age Innovators and Change-makers of India Recognised at the 7th Edition of Marico Innovation Foundation Awards
  SocialTwist Tell-a-Friend  

MUMBAI, February 26, 2018 /PRNewswire/ --

Marico Innovation Foundation (MIF), a not-for-profit organization in India, founded by Mr. Harsh Mariwala, Chairman, Marico Limited and executing the Corporate Social Responsibility for Marico Limited, successfully held the 7th edition of the Marico Innovation Foundation Awards.  Eight organizations were recognized for pioneering business, social, start-up and global game-changing innovations.

Held biennially, MIF Awards is a key program aimed at bringing breakthrough innovations to the fore, as well as inspiring a new generation of innovators. The event held on February 23, 2018 at Dome @ NSCI SVP Stadium, Mumbai, showcased  six path-breaking Indian innovations across Business, Social and newly introduced Start-up categories. This year's MIF winners include  ideaForge, Rivigo Logistics, Tonbo Imaging, Incredible Devices, Forus Health and Ecolibrium Energy. The event also saw  two Global Game Changer Awards presented to  IndiaStack and Reliance Jio  for bringing a seismic shift in their respective industries.

The awards were graced by Chief Guest,  Mr. Rajan Anandan,  Vice President, Google India and South East Asia, who shared his thoughts on how Artificial Intelligence and Machine Learning are playing a significant role in bringing about positive changes in the world.

The winners of MIF Awards 2018 presented their innovations in a crisp, inspiring story telling format, enthralling the audience that comprised of leaders within the business, social and innovation sectors, by their transformative innovations. All applications were judged on  four parameters - uniqueness, commercial viability, scalability and impact generated. Based on these parameters, the winning innovations, in their respective categories are:

Business innovation category:  

  • ideaForge  is a pioneer in Unmanned Aerial Systems segment in India, developing class-leading, indigenous UAVs for surveillance, reconnaissance, imagery and industrial applications. ideaForge has been able to pioneer drone manufacturing in India, with 95% market share.
  • Rivigo  is technology-enabled logistics provider that has altered the functioning of the logistics industry. Rivigo's innovative 'driver relay' model has resulted in reduced lead time of delivery by a whopping 40-50%.
  • Tonbo Imaging designs  builds and deploys advanced imaging and sensor systems to sense, understand and control complex environments. Based on their innovative designs in micro-optics, lower power electronics and real-time vision processing to design imaging systems, the company is the only Non-NATO supplier to the US military.

Social innovation category:  

  • Forus Health  has built an extremely light, portable device that is 1/4th  the cost of its nearest competitor - to be able to detect for ROP (retinopathy) in pre-mature babies. They have gone global with this innovation with more than  seven countries already using their product.
  • Incredible Devices Pvt. Ltd (IDPL)'s  Catheter Reprocessing System (CRS) resolves all problems related with catheter reprocessing and make them 100% patient safe. Focussing on affordable healthcare, the machine helps in reducing the cost of the catheter to 99% and increases the re-usability of catheters by 10x. Considering new catheters cost Rs. 2,500 and upward, while the recycled catheter from their machine costs Rs. 20 per use.

Start-up innovation category:  

  • Ecolibrium Energy  have built systems and devices based on IoT, to be able to provide predictive maintenance of huge machinery in factories. Their systems will alert factory managers 15-20 days before a machine could possibly shut down, helping factories plan downtime much in advance and improve productivity.

Global Game Changer Awardees:  

  • IndiaStack
  • Reliance Jio

The MIF 2018 winners were shortlisted and selected from applications from all over the country after an exhaustive out-reach program. Leading global management consulting firm, A.T. Kearney partnered with Marico Innovation Foundation as knowledge partners. AT Kearney conducted a thorough due diligence of all applications before presenting the shortlists to  two rounds of Jury for each category. This year MIF's eminent Jury members as per categories comprised of:

  • Social Category:  Dr. Mashelkar, Anu Aga, Paul Basil, Ramji Raghavan, Anshu Gupta, Deval Sanghavi, Vidya Shah and Srikrishna Ramamoorthy
  • Business Jury:  Dr. Mashelkar, Ganesh Natarajan, Sandeep Singhal, Falguni Nayar, R Sundar, Rajeev Bakshi, Pravin Gandhi and Sasha Mirchandani

Commenting on the occasion,  Dr. R A Mashelkar, Honorary Chairman of Governing Council, Marico Innovation Foundation, said,  "The MIF 2018 Award Winners are wonderful examples of how innovation can alter the trajectory of businesses and society, not incrementally but disruptively, by being not merely first to India, but by being first to the world, not being exclusive to privileged few Indians, but by being Inclusive, thus making difference to every Indian."

Celebrating the innovation spirit in India,  Harsh Mariwala, Founder, Marico Innovation Foundation and Chairman, Marico Limited  concluded by saying, "This year, we received an overwhelming number of applications that reaffirm that India is blessed with innovators who possess the potential to be change-makers. Looking at our Award Winners we can see a strong theme of 'product innovations' surface. They are all technologies developed in India and are going global. It's India's contribution in a way - to the world. The MIF Award Winners are the new and young breed of innovators who are aligned with MIF's ethos of 'Inspire, Impact and Involve'. My heartiest congratulations to them."

About Marico Innovation Foundation:    

Incepted in 2003, Marico Innovation Foundation (MIF) is a not-for-profit organization in   India   executing the Corporate Social Responsibility for Marico Ltd. The organization aims to nurture innovation in the country across the business and social sectors alike. The Foundation aims to create this impact via two flagship programs: MIF Scale-Up Program: an intensive mentorship program that solves for critical business challenges faced by innovative enterprises generating impact on the Bottom of Pyramid (BoP) and MIF Awards: one of   India's   pre-eminent biennial recognition platforms that recognizes unheralded innovations impacting the community at large.

Media contacts:

Bhakti Dalal:
Communications and PR Consultant

Nupur Joshi:
Manager, Marico Innovation Foundation

More News by PR Newswire India

Pittsburgh Only U.S. City Voted a Cool Place to Visit in 2019 by National Geographic Traveller

Virtuozzo Appoints Alex Fine as Company's Chief Executive Officer

NanoXplore Acclaimed by Frost & Sullivan for Developing a Technology that Produces Graphene from Natural Flake Graphite

Allergan Suspends Sales and Withdraws Supply of Textured Breast Implants in European Markets

Sprinklr's Social Media Management Platform, Experience Cloud, Acclaimed by Frost & Sullivan for Helping Brands Improve Customer Engagement

Polycom Acclaimed by Frost & Sullivan for its Next-generation Enterprise Communication Endpoints

Cision Names Valerie Lopez Vice President of Global Diversity, Equity and Inclusion

CleverTap and SonyLIV partner to improve user experience with video push notifications

Coinsquare launches into the European Union

LimeTray, a Restaurant Management Company, Completes 5 Years

Sun Life Financial to Acquire Majority Stake in Bentall GreenOak

Bentall Kennedy and GreenOak Real Estate announce merger to form Bentall GreenOak, global real estate investment platform

Mumbai Jewellery & Gem Fair to Showcase Statement Pieces From Prime Indian Jewellers

Essence takes on integrated media duties for Airtel

JA Solar Supplies Modules for the First 3MW Bifacial Mono PERC Double Glass Solar Project in Brazil

Metasys(R) 10.0 redefines modern building management

Lipofilling, Expanded Stem Cells Are a Valuable Alternative to Breast Implants

Locus Chain to Launch a Digital Asset Exchange Platform in Dubai

Wood Adhesives Manufacturers Focus their Growth Strategy on Furniture, Building and Construction Industries

The Commonwealth Of The Bahamas New Visa Waiver Policy for Indian Nationals Holding Canadian, Schengen, USA and UK Visas

Big Data and IoT Advancements Drive Growth Opportunities for Prognostics in Commercial Vehicles

Supermicro Report Highlights Environmental Impact of Today's Cloud-Scale Data Centers

HTC Partners With China Mobile To Expand Its 5G Vision Globally

HUAWEI P20 Pro Honoured at the Prestigious News18 Tech and Auto Awards for Best Camera Phone of the Year

Intermarché maps its own-brand organic products using SGS Transparency-One

Xevo Recognized by Frost & Sullivan for its Groundbreaking Xevo Market Automotive Commerce and Services Platform

TATA Projects Builds Prayagraj Airport Terminal in 11 Months

New Report Explores Digital Travel Commerce and Payments Needs in Latin America & Caribbean

ThroughPut Inc Announces the Formation of Executive Advisory Board, Welcomes New Members

27th Mega Eye Camp Held at Dera Sacha Sauda

Mumbai to get its First Professionally Managed Self-redevelopment Project by Wedevelopment

ARLANXEO's Keltan(R) KSA opens flagship online Customer Self-Service Platform

Western Digital Hosts 'Data Innovation Bazaar' in Association With 'Startup India' and 'Invest India'

GIIS Chinchwad Amongst 0.1% Schools in India to Receive Cambridge Affiliation

Munters Wins Three Large Air Treatment Orders in China

Datamatics Recognized as the Best Cognitive Technology Provider by Computer Society of India, Mumbai

Indiannica Learning Organizes English Language Training (ELT) Workshop and Product Launch

Nishchae Suri to Join the Global Management Executive Team at EdCast

'Marketing Success Formula' a New Book by Rajesh Srinivasan (an IIM-L Alumnus) Reveals Four Proven Steps for Business Growth

HopOn India to Participate in Comic-Con 2018

Lenovo and Intel's Much-anticipated Legion of Champions III 2019 is Here and Raring to Go

UST Global Awarded 'Top Employers in the APAC for 2019' by the Top Employers Institute

Singapore Post eCommerce Division Recognised at the 2018 Asia eCommerce Awards

Empire State Building And Interscope Records, Along With iHeartMedia, Promise A "White Christmas" With Annual Holiday Music-To-Light Show Featuring OneRepublic

Shoclef Presents Live Shopping in the Global Marketplace

Ski Season Opens at Lotte Arai Resort on December 15

AWE 2019 releases new theme: Falling in love with AI - Smart Life

New Report Shows Rapid Damage to Milk Nutrients by Light

Artificial Intelligence Is Propelling the Pharmaceutical Industry by Enabling Smart Drug Discovery Solutions

Few Months Into the Launch, NowPaaS is Already a Success; Has Serviced More Than 100+ Manufacturers

Cityzenith's Smart World Pro™ Digital Twin Software Platform Selected for New Capital City in India

Frost & Sullivan Applauds VMware for Global Software-Defined Wide Area Networking (SD-WAN) Market Leadership

The Rise of Industrial IoT Drives the Adoption of Predictive Inspection Models in Non-destructive Testing

After New Delhi, Indus Towers now Deploys 50 Intelligent Poles in Vadodara Under Government's Smart City Mission

Systech Releases Expanded Cloud Platform to Secure Global Supply Chains

KC Valley: MEIL’s another Glory

Top IT Jobs in Demand in India, Revealed by Simplilearn Study

Maxim India Achieves the Distinction of India's First Progressive 3D Mainstream Magazine Cover - Courtesy OnePlus

Microland Wins Best Practice Award at the NHRD TecHeaRt 2018

Kerala Tourism Launches International Children's Online Painting Competition 2018 in Memory of Edmund Thomas Clint

Fosun's Protechting Program wins UNGC's China Network award for its Sustainable Development in China

Cross-border Data Flows Fundamental for AI Growth in India

Affle Wins Big at MOBEXX Awards 2018

BioNet reports on persistence of antibody responses of recombinant pertussis vaccines in the Lancet Infectious Diseases

Datamatics to Demerge and Separately List its Subsidiary Lumina Datamatics

Dunya Labs Brings EOS Blockchain to India With Catalyst

Exclusive Launch: Karan Wahi X Spoyl Collection

Join in the 2018 world-leading Tea Fair with the gracious invitation extended by Huajuchen

Will accept high-command's decision: She...
Kamal Nath defends his remarks on jobs f...
Choose your carbs carefully to stay heal...
Fate of 14 trapped in Meghalaya mine rem...
ML subject most subscribed by Indians on...
1984 anti-Sikh riots: Yashpal Singh bail...
 Top Stories
Chhattisgarh CM corners Adityanath ... 
PM Modi slams Cong over double stan... 
Muzaffarpur shelter home: ED summon... 
Railways launches new EMU train wit... 
PM meets newly-elected Sarpanches o... 
BCCI announces candidates for women... 
1984 anti-Sikh riots: Court to hear... 
New Year, new look for Indian footb...