Samsung Innovation Awards 2017 Held at IIT-Kanpur
KANPUR, India – November 15, 2017 – Samsung India conducted the 7th edition of the annual Samsung Innovation Awards at the Indian Institute of Technology (IIT), Kanpur in association with Entrepreneurship Cell. Samsung Innovation Awards aim to recognize and reward innovations that have the potential to revolutionize everyday living and enable students to take their ideas to the next level. The first prize went to the team that included Kshitij Jaggi, Kumar Shivang and Rishabh Sahu who worked on a peer to peer financial transaction app using Blockchain technology in a distributed environment. The vision of the team is to enable financial inclusion of chit fund subscribers with Circle, a mobile ﬁrst solution for organisers to easily manage the members, bringing in transparency in the whole process and creating credit history for all Indians.
Insomniatec, comprising students Kaustubh Mundraand Sankalp Rastogi, won the second prize for proposing a project that uses aninfra-red camera coupled with computer vision technology to detect drowsinessin a vehicle driver while in motion and provides in-time alerts. One of theprojects, Muskan Solid Waste, consisting Hari Shankar and co-founder Mewa Lalfound a special mention at the awards. This is a start-up that converts organicwaste into high yielding compost. The technique used reduces time forcomposting and produces more efficient manure compared to artificialfertilizers.
The awards were presented by Dr Aloknath De, Chief Technology Officer,Samsung R&D Institute, India – Bangalore (SRI-B). The winnerswere given cash prizes worth INR 2.5 lakh while the five finalists receivedmerit recognition from Samsung. Samsung Innovation Awards 2017 saw anoverwhelming response, with eight teams getting an opportunity to present theirideas to the jury comprising Dr. Aloknath De from SRI-B and professors fromIIT-Kanpur—Dr. Amitabha Bandyopadhyay from the Department of BiologicalSciences & Bioengineering (BSBE), Prof. Sandeep Shukla from the Departmentof Computer Science and Engineering from IIT Kanpur.
Samsung R&D Institute – Bangalore will engagewith the award winners to further develop their innovations. “Through the platform of Samsung InnovationAwards, we want to encourage students to work on innovative ideas in evolvingareas of artificial intelligence, computer vision and IOT. When we see diverseand quality projects in these emerging technology areas, we can sense the pulseof our youth. Novelty of ideas, comprehensiveness in execution and impact ofsolution are yardsticks in selecting the winners. Samsung has been supportingdeep-tech innovation at large and this year’s event in IIT-Kanpur is one suchinitiative,” said Dr. Aloknath De, Chief Technology Officer,Samsung R&D Institute, India – Bangalore.
Cutting-edge innovations were showcased at thecompetition. The innovative product ideas and solutions presented this yearranged from a cloud-based healthcare data management system to an intelligenceplatform for law enforcement and defence agencies. “Innovation and entrepreneurship ought to become an integral part ofinstitutions of academic and higher technical learnings. We must quicklytransform into an innovation driven society where young minds understandsocietal needs, carve out opportunities and take calculated risks to become jobcreators and leaders. We are happy that corporates such as Samsung are comingforward to help us create the desired ecosystem at IIT Kanpur,” said Mr. Sameer Khandekar, Associate Dean, Innovation and Incubation, IIT Kanpur.
The 2017 edition of the Samsung Innovation Awardswas initiated at IIT-Kanpur campus six months ago through an open entryprocess, where students submitted their innovative ideas. The shortlistingprocess was led by professors from IIT-Kanpur and researchers from SRI-B, whoalso selected the eight finalists. The final teams presented their ideas to thejury at the IIT-Kanpur campus. The winning project was selected based on thedegree of innovation, feasibility, usability, relevance and overall impact onmasses.
Conceptualised in 2011, the Samsung InnovationAwards seek to support and encourage young talent who have an innovativeapproach and look to improvise different systems and processes. Further, itaims to develop indigenous products and services for fulfilling mass needs therebytransforming lives and creating sustainable solutions for the benefit of thesociety at large. Over the years, Samsung Innovation Awards have become one ofthe most eagerly awaited ideation contests at IIT’s due to enthusiasticparticipation from the student community. The first edition was conducted atIIT Delhi and since then Samsung Innovation Awards have been held at othermajor IITs. The last edition in 2016 was held at IIT Bombay and had witnessedgreat interest and enthusiasm from students. Samsung continues to provide thenext generation of Indian innovators and entrepreneurs an avenue to showcaseand advance their engineering skill sets.