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.
Winning team of Samsung Innovation Awards 2017 with Dr. Aloknath De, Chief Technology Officer, Samsung R&D Institute, India – Bangalore (SRI-B)
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 Mundra and Sankalp Rastogi, won the second prize for proposing a project that uses an infra-red camera coupled with computer vision technology to detect drowsiness in a vehicle driver while in motion and provides in-time alerts.
One of the projects, Muskan Solid Waste, consisting Hari Shankar and co-founder Mewa Lal found a special mention at the awards. This is a start-up that converts organic waste into high yielding compost. The technique used reduces time for composting and produces more efficient manure compared to artificial fertilizers.
The awards were presented by Dr. Aloknath De, Chief Technology Officer, Samsung R&D Institute, India – Bangalore (SRI-B). The winners were given cash prizes worth INR 2.5 lakh while the five finalists received merit recognition from Samsung.