Power2SME and TiE Delhi NCR Announce the Winners of Spirit of Manufacturing Awards 2023

Power2SME in collaboration with TiE Delhi NCR, hosted Season 9 of their flagship Spirit of Manufacturing (SOM) awards in New Delhi in the presence of Mr. B B Swain, Secretary to the Union Ministry for Micro, Small, and Medium Enterprises, the Government of India.

Power2SME & TiE Delhi NCR announce the winners of Spirit of Manufacturing Awards Season 9

Initiated in 2014, The Spirit of Manufacturing Awards are aligned with the Indian government’s call to “Make In India” and seek to applaud innovations in the manufacturing industry and encourage young innovators in the manufacturing space to hone their skills with the right resources under the right leadership so they can be positioned on a fast growth trajectory.

Mr. R Narayan, Founder, and CEO, of Power2SME said that, “Over the years, India has become one of the leading hubs for successful start-ups and entrepreneurs, thanks to pioneering innovations. Manufacturers and SMEs have benefited significantly from the Indian Government’s flagship initiatives, such as ‘Make in India‘ and ‘Skill India‘. The Spirit of Manufacturing Awards, now in its ninth season, continues to recognize and celebrate exceptional ideas, products, business models, and entrepreneurs within the Indian manufacturing industry. This initiative is a testament to the immense potential and promises that the Indian manufacturing space holds. Each year, we strive to showcase and honor inspiring and innovative ideas in the manufacturing sector.”

Geetika Dayal, Executive Director, TiE Delhi NCR opined, “For nearly a decade TiE Delhi-NCR & Power2SME have partnered together to bring to the fore, innovative startups manufacturing in India. The Spirit of Manufacturing Awards is a valuable platform for founders to showcase their exceptional propositions in the domain. Our partner Power2SME has been instrumental in leading this movement toward a self-reliant nation. We are happy to put a spotlight on ventures ‘Making in India’ & give startups the recognition they truly deserve.”

With the pre-screening of all online applications for each category, followed by an assessment of selected applications, the final list of the top 16 contestants was generated. The selection of the final winners was announced on the basis of their presentation in front of a team of Jury members, comprising business experts and industry veterans, on March 10th, and 11th 2023 and scores amalgamated from the previous rounds. The Jury evaluated each presentation on the basis of the Execution Strategy, Competitive Advantage, Management Depth, Sales & Marketing Strategy, and Financial Viability. Toward the end of the presentations and the scores were tabulated to announce the winners from each category.

The winners were awarded across 4 categories based on the innovative skills and the tangible impact showcased. The categories included Social Impact, Young Entrepreneur, IT Adoption & Innovation, and Woman Entrepreneur of the Year.