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April 22, 2018

National Entrepreneurship Awards : 17 awards to recognize below 30 year entrepreneurs and 6 awards to recognize supportive institutions

The National Entrepreneurship Awards, now in its 2nd year, aims to award successful Entrepreneurs in various categories as well as recognize Ecosystem Builders in individuals and organizations working in the field of Entrepreneurship Development.

The various award categories are: outstanding youth entrepreneurs, women entrepreneurs, social entrepreneurs, and entrepreneurs from the SC/ST category, entrepreneurs who are People with Disabilities (PWD) and grass root level enterprises.

A total of 17 Awards for Individuals and 6 Recognition for institutes, incubators and mentors will be given across the aforementioned categories. Winners will be selected by a national jury of eminent persons drawn from academia, finance, industry and the social sector.

Entrepreneurs below the age of 30 years as of January 1 2017, having registered their enterprise as a company or an LLP under the Companies Act, 1956 or Limited Liability Partnership Act 2008, respectively, preceding five years from July 28th, 2017 are eligible for awards.

However, a relaxation of five years is provided in the age limit to persons from the SC, ST categories and Persons with disabilities (PWDs), which means entrepreneurs from these categories can be below 35 years of age as on January 1 2017.

In addition, the candidate must be a ‘First Generation Entrepreneur’, which means an entrepreneur who is not in the same line of business as his/ her parents and has taken his own initiative, idea or innovation.

Furthermore, the paid-up capital of the business may not exceed Rs 1 crore and the enterprise may have all relevant industry certifications (For example- FDA, FSSAI, CE, MSME, etc.).

In addition to young entrepreneurs, there are six awards for the ecosystem builders to recognize their contributions in developing entrepreneurial environment and attitude among men and women.

To be eligible for recognition, institutes or organizations wishing to participate must either have provided incubation or mentorship services or offered courses on development of entrepreneurship for at least three years prior to July 28 2017. Educationists, Advisors and Consultants offering services towards the development of entrepreneurship for three years or more from July 28 2017 may also apply for Recognition.

Details of the Awards may be found online at www.neas.gov.in All applications for the awards must be submitted online at the above web address before September 15 2017. Any queries about the Awards may be sent via email to neas@xlri.ac.in

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