+ Innovation Driving Growth Across Indian Industry - CII Blog

Over the last few years, India has made huge strides in its innovation journey. It has not only witnessed innovation-led transformation across sectors, but has also emerged as one of the fastest-growing innovation economies in the world.

Government initiatives for the promotion and adoption of latest innovative technologies have fuelled the growth of the Indian startup space and have helped it become the third largest ecosystem in the world.

In the present era, latest technologies are laying the foundation for new innovations. Till a few years ago, innovation was either tucked away in the R&D centres of the Government, academia or was strewn across unorganised markets. However, in the last decade, India has seen an unprecedented transformation in its innovation ecosystem.

Research, innovation & technology are imperatives for the sustainable growth of India and have been playing a key role in the progress of the country. India is one of the leading nations in the world in terms of research, innovation & technology prowess and has taken a huge leap of 35 places in 6 years, from a rank of 81 in 2015 to a rank of 46 in 2021, on the Global Innovation Index.

CII Industrial Innovation Awards 2022

The Industrial Innovation Awards aim at helping the Indian Industry in assimilating a structured innovation process through Enterprise Innovation Maturity Framework, a model developed by CII. The awards, while recognizing the champions of innovation among Indian industry, also enhance their competitiveness for the domestic as well as global markets.

CII Industrial Innovation Awards were instituted in 2014 to identify and celebrate innovative Indian enterprises across industry segments and sectors. The awards provide an opportunity to companies to shine and be known nationally and internationally for their innovative products and services. In the last seven consecutive years, these awards have established themselves as one of the most coveted innovation awards in the country.

The awards evaluate all kinds of new processes, products, services, technologies and other types of innovations which can fuel growth the growth of Indian industry. They also assess new ideas and approaches along with tangible results.

Over the years, CII has formulated an Enterprise Innovation Maturity Framework which forms the basis of assessment of firms applying for CII Industrial Innovation Awards. With this framework in place, firms learn about innovation best practices by taking part in various stages of the award process.

Between 2014 and 2021, CII Industrial Innovation Awards have recognized more than 250 firms as champions of innovation in their respective industry sectors and segments. These Innovation Awards have also been instrumental in the growth of business opportunities for winning firms.

In the year 2020 and 2021, the awards recognized more than 30 academia and R&D institutions as pioneers of innovation across nation. These Institutions have been applying innovation across diversified research areas and domains.

Be a part of the CII Industrial Innovation Awards 2022 to recognize and celebrate Indian Industry’s achievements in the field of innovation.

To know more about the awards, visit https://www.innovationawards.ciiinnovation.in/about-the-award-2022.php