Infosys to reward 20 entrepreneurs for fresh ideas

The country's second-largest software exporter Infosys has announced cash awards for 20 entrepreneurs every year in order to encourage ideas that solve real life problems. "Any individual can present the idea, there will be a jury judging those ideas. If the ideas are interesting and relevant to current problems, then we'll give the award just to recognize and encourage," the company's chief operating officer Pravin Rao told reporters here. The company is expecting entries of businesses at the ideation stage, and from across all sectors, for the 'Infosys Maker Award. Infosys will be handing over a prize of Rs 5 lakh to 20 entrepreneurs every year, he said.
The award comes amid initiatives from the government like the 'Make in India' and 'Start-Up India.' Rao said not every promising idea can get noticed by venture capital funds and the attempt from Infosys through the 'Infosys Maker Award' is to give a platform to such budding entrepreneurs. The company will be seeking applications for the initiative starting March 1 and then a jury will be sifting through them. "It's more as a corporate responsibility, of encouraging people. Lot of people have ideas and its not that everyone will get attention of VCs," he said. He said the company had launched a similar initiative in the US in September.

Related posts

Latest News

Global tech giant Samsung has expanded its range of Chrome OS powered laptops b

Samsung SDI, a battery supplier for Samsung Electronics' Galaxy Note 7 phones, p

OnePlus' self-proclaimed 2016 flagship killer, the OnePlus 2, finally went on sa

Your Facebook status updates, 'likes' and even photos could help researchers bet

Ahead of the festive season, handset maker Micromax will launch four 4G smartph

GSMA has elected Sunil Bharti Mittal, Founder and Chairman, Bharti Enterprises,

Dell-EMC on Monday unveiled a new range of all-flash storage systems to help it

Microsoft today announced an imaginative new all-in-one PC for design and creati

Using Facebook may help you live longer, but only when it serves to maintain and

Finally! Lenovo has started shipping its much anticipated Google Tango powered P