Power2SME's, Spirit of Manufacturing Awards, to recognise innovation in India's SME sector

With an aim to encourage innovation in the manufacturing sector, Power2SME has announced the season 6 of the Spirit of Manufacturing awards in collaboration with The Indus Entrepreneurs (TiE) Delhi-NCR.

The award ceremony, which will be held on November 14 in New Delhi, on the side-lines of TiE Global Summit 2019, will recognize ingenious startup ideas in the manufacturing space.

The Spirit of Manufacturing Awards has come a long way since 2014. While in their first year it attracted a little over 100 entries, by Season 5, it was more than 900 and this year they have had over 1200 entries.

“Power2SME in partnership with TiE Delhi-NCR created a platform exclusively to showcase the innovations that Indian entrepreneurs have to offer, and applaud their genius. The Spirit of Manufacturing Awards are committed to provide a promising platform to the movement that makes ‘Make in India’ a success and provide guidance and mentorship to these entrepreneurs,” says R Narayan, Founder and CEO, Power2SME said.

According to Narayan, the entries have become unique and innovative with each successive year. TiE and Power2SME share a common vision for the manufacturing entrepreneurs who have potential

Geetika Dayal, Executive Director, TiE Delhi-NCR added, “In the past five seasons, we have been fortunate to witness a host of young entrepreneurs who are passionate and determined to make a mark in society.”

Spirit of Manufacturing awards

These awards are dedicated to applauding innovative entrepreneurs in the manufacturing industry. They’re designed to re-iterate the importance of the manufacturing sector and will help create visibility for the manufacturing industry and in turn, encourage further innovation. The need to encourage entrepreneurs is greater than ever before. Their aim is to provide impetus to the industry and encourage digitization.

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The awards have seen innovation displayed by entrepreneurs as young as 18-19 and from tier 2, tier 3 cities. While the initial years had witnessed hybrid mushroom farming, concrete substitutes for bricks, successive seasons entries have ranged from vegan ice creams and drones for healthcare. Spirit of Manufacturing has recognized work on smart water purification solutions for communities, unmanned aerial systems, automated medical marvels in the past.

Previous award winners have continued to do exemplary work and build on their existing structure. For example, in 2014 Soothe Healthcare received the Spirit of Manufacturing Award for Social Impact. The company manufactures Paree sanitary pads in a fully automated, high capacity manufacturing unit in Greater Noida, which holds the highest quality certifications in India and abroad. Soothe Healthcare is amongst the top suppliers of sanitary pads to central and state governments under the National Health Mission (NHM).

Paree targets 165 million girls between the age group of 10-24 years in India. Paree sanitary pads are positioned at the middle of the market with a goal to become a household brand within the next 5 years. The company recently received funding from Saina Nehwal who also serves as its brand ambassador.

Similarly in 2016, Ankit Agarwal Co-Founder, (Phool) received the Spirit of Manufacturing Award for Social Impact. Phool collects 8.4 tons of floral-waste from temples in Uttar Pradesh on a daily basis. These flowers are handcrafted into charcoal-free incense, organic vermicompost and biodegradable packaging material through their ‘Flowercycling’ technology. All their products are handcrafted by their women flower-cyclers, providing them with predictable and healthy livelihoods. Phool has been supported and incubated by Tata Trusts’ Social Alpha and IIT Kanpur.

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