Sustainability and Impact
Marico Innovation Foundation selects 3 innovators for #Innovate2BeatCOVID challenge
21 May 2020
Marico Innovation Foundation has responded to the growing seriousness of the COVID-19 pandemic with ‘Innovate2Beat COVID’ a nationwide grand challenge to unearth innovations that can combat the short-supply of Personal Protective Gear (PPE) and Ventilators. The pragmatic call to help the front line workers of this nation spurred action among innovators and the challenge jury received over 1500 interests from across the country during the 20 days period from 29th March to 18th April 2020.
Detailed evaluation and due diligence of entries by Advisors Praxis Global Alliance, technical scrutiny by a Technical Panel, followed by intense deliberations by a Jury Panel led to 3 innovations that emerged as frontrunners with their ingenious PPE solutions. The Foundation along with A.T.E. Chandra Foundation and Mr. Harsh Mariwala in his personal capacity have come together to offer total grants of INR 2.5 crores of which INR 1.57 crores has been offered to selected PPE solutions.
This article was originally published on Business World. Read more.
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