Innocule Materials And Additives Pvt. Ltd. from Odisha bags National Entrepreneurship Awards 2019

New Delhi: The Ministry of Skill Development and Entrepreneurship (MSDE) conferred awards to 30 Young entrepreneurs and six organizations and individuals who have contributed in entrepreneurship development duringthe fourth edition of the National Entrepreneurship Awards (NEA). The awards are part of the government’s initiatives to encourage entrepreneurship in the country.

Innocule Materials And Additives Pvt. Ltd. founded by GyanaRanjan Das and SurbhiSarna won the award in A2 category which recognizes companies with an initial investment from Rs 1 lakh to 10 lakhs. They wonRs. 5 lakhsalong with a trophy and a certificate. The company won the award under the ‘chemicals’category as they manufacturespecialty chemicals and performance aids for the mineral industry.

The award ceremony was held at the PravasiBharatiya Kendra, New Delhi on November 9thand was graced by Dr. MahendraNath Pandey, Hon’ble Minister of Skill Development & Entrepreneurship, who has been spearheading the Ministry’s vision and focusing extensively on encouraging young skilled youth to take up entrepreneurship bringing the shift from being a job seeker to a job giver.

Speaking on the entrepreneurial growth culture in India, Dr. MahendraNath Pandey, Hon’ble Minister of Skill Development & Entrepreneurship, said, “Today, India is at a threshold of a startup boom, as we have the world’s third fastestgrowing startup eco-system. With 7,200 startups, India is close behind the UK with 11,864startups and catching up to the US which had 41,500 startups as of 2018.India is changing and soare the aspirations of its people. This is evidence of drastic improvement in the business environment, fueled by the innovative modules of business that the youth of the country are coming up with. It is our priority to give the right kind of support to the aspiring talent and nurture and encourage our young minds to dream big and achieve bigger.”

“NEA is a great platform to encourage young aspiring entrepreneurs and recognize the exemplary work that they have done adding to their professional and nation’s overall growth. I wish all of them the very best for their future and hope they further motivate many more to be a part of India’s growth story,” he further added.

Innocule has several years of expertise in dealing with speciality chemicals. The company started in 2008 as Unisol. It is one of the leading providers of grinding aids and performance improvers for the cement industry. Innocule was founded in 2014 with a view to diversify into the mineral additive business. They cater to the need of the Indian mineral sector. They have an extensive range of products which have been developed by their in-house R&D facility. They also have collaborations with several reputed labs across India.

For the successful execution of the National Entrepreneurship Awards 2019, MSDE partnered with twelve premier institutes and organization which are spread across the country, including IIT Madras (Lead Partner), IIT Delhi, IIT Kanpur, XLRI, TISS, NSIC, IIT Guwahati, IRMA, MANAGE, NIF (Co-Lead), NABARD, and RSETI. These institutions were responsible for mobilizing nominations and evaluation process.

The winners were selected by an eminent panel of National level Jury members comprising of Dr. R A Mashelkar, Former Director-General, CSIR; Mr. MilindKamble, Founder, DICCI; Ms. NeelamChibber, MD & Managing Trustee Industree Foundation; Mr. ArunTyagi, Director, Induslnd Bank Limited; Shri Harish Hande, Founder SELCO India Foundation and Mr. VinayakNath, Managing Partner, Venture Catalysts.

The National Entrepreneurship Awards (NEA) was instituted by the Ministry of Skill Development &Entrepreneurship in 2016 to encourage a culture of entrepreneurship across the country and honoring the Young Entrepreneurs and Eco-System Builders for their outstanding efforts in entrepreneurship development. The Awards ceremony witnessed attendance from senior officials of the ministry, members of the Skill Sector Councils, corporate leaders; successful and budding entrepreneurs among others.

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