Moneycontrol
Aug 23, 2012 06:01 PM IST | Source: CNBC-TV18

Axio Biosolutions bags coveted Samsung Innovation award

The second edition of Samsung and CNBC-TV18's Samsung Innovation Quotient drew to a close and this time, the platform unearthed three fabulous social-innovations that are nothing short of game changing.


The second edition of Samsung and CNBC-TV18's Samsung Innovation Quotient drew to a close and this time, the platform unearthed three fabulous social-innovations that are nothing short of game changing.


A bandage that can stop bleeding, an innovation to reduce farmer burden and technology to drastically reduce building operating cost.


The grand finale of the Samsung Innovation Quotient identified and rewarded three innovations that will have a profound social impact in the future.


The star-studded jury headed by Mohandas Pai, included Aavishkar's Vineet Rai, Flipkart's Sachin Bansal, Snapdeal's Kunal Bahl, Samsung's Dipesh Shah, Games2Win's Alok Kejriwal and CNBC-TV18's Senthil Chengalvarayan.


The jury chose Axio Biosolutions, a firm that is manufacturing a hemostatic bandage as the winner.


The bandage promises to accelerate blood clotting and reduce bleeding in life-threatening traumatic injuries.


The first runner up was Tondepi Guruvaiah, a farmer from Andhra Pradesh whose innovation would alleviate the time-consuming and labour intensive process of sowing seeds after a harvest.


The second runner up was Green India Building Systems and Solutions - GIBSS, whose technology in water heating, cooling and lighting could reduce building operating costs by up to 80%.

The three winners walked away with a total sum of Rs 10 lakh and recognition that could take their innovation places.

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