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Company Name : Power2SME

Wednesday, October 4, 2017 4:20PM IST (10:50AM GMT)

Power2SME, TiE Announce Season 4 of the 'Spirit of Manufacturing Awards' at TiECon 2017

Nominations are open till 15th November 2017

New Delhi, Delhi, India

Power2SME - the leader in B2B ecommerce for MSMEs in India along with TiE Delhi-NCR brings to you the 4th season of ‘Spirit of Manufacturing Awards’ - the annual award series. Aligned with the theme of the ‘Make in India’ initiative the platform aims to acknowledge successful ‘Made in India’ stories and reward the spirit of entrepreneurship in the manufacturing sector. The award ceremony will be held in December 2017 in New Delhi, on the side-lines of TiECON 2017.
Manufacturing has emerged as one of the high growth sectors in India and with the ‘Make in India’ program, Govt. of India aims to give global recognition to India as world’s manufacturing hub. With various policies to provide much needed boost to both large and small- medium enterprises, the manufacturing sector has also become hotbed for entrepreneurial activities.

The Awards were previously inaugurated by esteemed guests of honour:
  1. Shri Madhav Lal (IAS), former Secretary, Ministry of MSME, Government of India in 2014
  2. Mr. Pramod Bhasin, CEO, Genpact in 2015
  3. Ms. Jyotsna Sitling, Joint Secretary, Ministry of Skill Development & Entrepreneurship in 2016
Celebrating the contribution of young entrepreneurs the platform invites nominations from manufacturing startups with less than 10 years of existence. Startups can simply log on to http://spiritofmanufacturing.com to nominate themselves in either of the four categories of awards – (1) Innovation & IT Adoption, (2) Social Impact, (3) Woman Entrepreneur of the Year and (4) Young Entrepreneur of the Year. Startup can nominate themselves in more than one category.
Talking about the launch of season 4 of this initiative in alliance with TiE, Mr. R Narayan, Founder and CEO, Power2SME said, “While India is paving its way to become a global manufacturing hub and is cheering for the great "Make in India" campaign, Power2SME along with TiE aims to take this enthusiasm to the next level with the 'Spirit of Manufacturing Awards' where the young manufacturing firms are at the center of the celebration and are recognized for the good work they are doing. With each passing year we come across novel products on this platform and this year too we look forward to more innovative ideas. ”

Ms. Geetika Dayal, Executive Director, TiE Delhi-NCR, said, “It is indeed overwhelming to kick-off the fourth season of Spirit of Manufacturing Awards for manufacturing SMEs – an initiative that started four years back with a simple goal of acknowledging SMEs in this sector. Over the last few years, we came across a very strong yet relatively unknown segment of young entrepreneurs who are highly passionate in creating a positive impact on society and we are looking forward to meet more such startups at Spirit of Manufacturing season 4.”
Selection process: Post the date of nomination is closed, a jury of renowned experts and industry veterans will conduct a pre-screening of all the applications received and a final list of contestants for the second round will be generated. The finalists will present their business model and innovation pursued to the jury members. The winners will be felicitated at the award ceremony scheduled to take place in December 2017, in New Delhi.
As the manufacturing startups continue to contribute towards making India a global manufacturing hub with innovative products, the Spirit of Manufacturing Awards will unfold yet another opportunity for the aspiring and budding entrepreneurs to showcase their innovations and potential, with its season 4 of the awards.

About Power2SME

The first ‘Buying Club’ for SMEs in India, Power2SME focuses on reducing purchase prices for SMEs and enhancing productivity. Power2SME enables SME clients to focus on their core business of driving growth and expansion, while taking on the role of sourcing input raw materials at the most competitive price points across multiple products. Know more about the firm: http://www.power2sme.com/
About TiE

TiE is recognized as the global organization fostering entrepreneurship through mentoring, networking and education. The purpose of TiE is to encourage and nurture the next generation of entrepreneurs and add to the virtuous cycle of wealth creation spurring development and economic growth. Know more about TiE: http://delhi.tie.org/

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News Summary

Power2SME - the leader in B2B ecommerce for MSMEs in India along with TiE Delhi-NCR brings to you the 4th season of ‘Spirit of Manufacturing Awards’ - the annual award series.