Bhubaneswar: KIIT-Technology Business Incubator had organized a Business Plan Competition “Innovio” for research scholars and students above the age of 18years studying in Odisha. The winners were awarded at a glittering award ceremony at KIIT University today.
Giving away the prizes, Dr.Achyuta Samanta, Founder, KIIT & KISS underscored the importance of such competitions in development of innovation and entrepreneurship in the state.
Sudha Manajari Mishra won the first prize for her proposal on TeachingLearning Materials (TLM). She beat 63 other participants to emerge winner.
She bagged a cash prize of Rs.50,000 along with a six month free
incubation period at the Technology Business Incubator.
Dr. H.C. Rajhans and Niladri Pati bagged the second prize and Rs.30,000 for their proposal on Fuel and Pollution Controller. Mr. Satyapriya Jena won the third prize and Rs. 20,000 for his proposal on Chitosan Nanoparticle based polyherbal wound Healing Spray.
There were presentations of 10 shortlisted proposals in the final round.
The proposals were scrutinized by a panel of judges which included Dr.Koteswar Rao of Transgene Biotek, Hyderabad; Mr. Anil Joshi, Mumbai Angels, Mr. S.S. Acharya, DGM, SIDBI; Mr. Chander Sundaram, NSRCEL, IIM Bangalore & Mr. Arbind Sahoo, Director, OOFML, makers of Ruchi Masala. Mr. Joshi expressed surprise at the level of talent in the state and it’s potential.
The competition was supported by SIDBI, Bhubaneswar and NSRCEL, IIM
Bangalore. It was started during September 2011 with call for proposals.