New Delhi, 18th August, 2012: The second season of CNBC TV18’s Samsung Innovation Quotient came to an end today, 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 thermostatic 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 Mr. Leo Mavely from axio BIOSOLUTIONS, for his innovation ‘Axiostat’, an Emergency thermostatic dressing; the First Runner Up Award went to Mr. Ganesham Pogula for ‘Herbi Sprayer’, a multi -utility tractors and the 2nd runner up Award went to Mr. Arun Shenoy, for GIBBS, a Geothermal based air conditioning system.
On the occasion of the grand finale, Mr. Suresh Venkat, Editor, Technology, CNBC TV 18 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, Mr. 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.
CNBC-TV18 is a pay channel targeted at English speaking consumers, investors, business people and other professionals and provides 24-hour coverage of corporate news, financial markets, industry news and expert perspectives on investing and management. CNBC-TV18 also airs programs that focus on the economic, governmental and cultural drivers that shape business in India. We operate this channel through an agreement with CNBC that gives us non-exclusive rights to distribute, re-transmit and exhibit, whether directly or through third party distributors, CNBC content within India.
About Network18 Group
The Network18 Group is a media and entertainment company with interests in television, internet, films, e-commerce, magazines, mobile content and allied businesses. Through its subsidiary ‘TV18 Broadcast Ltd.’ [BSE: 532800, NSE: TV18BRDCST], the group operates news channels - CNBC-TV18, CNBC-TV18 Prime HD,CNBC Awaaz, CNN-IBN, IBN-7 and IBN-Lokmat (a Marathi regional news channel in partnership with the Lokmat group). TV18 also operates a joint venture with Viacom, called Viacom18, which houses a portfolio of popular entertainment channels – Colours, Colours HD,MTV, SONIC, Comedy Central, VH1 and Nick - and Viacom18 Motion Pictures, the group’s filmed entertainment business. TV18 and Viacom18 have also recently announced a strategic joint venture called IndiaCast, a multi-platform ‘content asset monetisation’ entity mandated to drive domestic and international channel distribution, placement services and content syndication for the bouquet of channels from TV18,Viacom18 and other broadcasters. TV18 has also forayed into the Indian factual entertainment space through A+E Networks | TV18 (Joint venture between A+E Networks and TV18 Broadcast), which has recently launched a new channel – HistoryTV18. Through ‘Network18 Media & Investments Ltd.’ [BSE: 532798, NSE: Network18], the group operates its digital, publishing and e-commerce assets including moneycontrol.com, ibnlive.com, in.com and firstpost.com. ‘Network18’ also operates e-commerce properties like HomeShop18 and bookmyshow.com and publishes Forbes India, the nation's first local edition of a foreign news magazine title and one of the world’s most influential business brands, in collaboration with Forbes Media. In addition, through ‘Network18’, the group operates Newswire18, providing real time financial information and news terminal services, and Infomedia18, a player in the special interest publishing space as well as E18, the group’s event management venture and Sport18, its sports management and marketing venture. ‘Network18’ has investments in Yatra, DEN Networks and other Capital18 portfolio companies. For more information, log on to www.network18online.com
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About Samsung Electronics Co., Ltd.
Samsung Electronics Co., Ltd. is a global leader in semiconductor, telecommunication, digital media and digital convergence technologies with 2011 consolidated sales of US$143.1 billion.Employing approximately 206,000 people in 197 offices across 72 countries, the company operates two separate organizations to coordinate its nine independent business units: Digital Media & Communications, comprising Visual Display, Mobile Communications, Telecommunication Systems, Digital Appliances, IT Solutions, and Digital Imaging; and Device Solutions, consisting of Memory, System LSI and LED. Recognized for its industry-leading performance across a range of economic, environmental and social criteria, Samsung Electronics was named the world’s most sustainable technology company in the 2011 Dow Jones Sustainability Index. For more information, please visit www.samsung.com