The Awards

The Golden Peacock Awards Secretariat has great pleasure in inviting applications for The Golden Peacock Innovation Award from companies, individuals and organisations.

The Golden Peacock Innovation Award will be awarded every year. Each winner will receive a trophy together with a certificate. The winner may use the Golden Peacock Innovation Award logo on all printed and promotional materials. Some of the finalist organisations may also get a commendation card. The Golden Peacock Innovation Award would be given separately for manufacturing and Service organisations under various industrial technology sectors (Subject to Jury's decision)

If the applicant unit is sub-unit of a large enterprise, then it can apply only under large category.

Eligibility

Manufacturing or Service organisations or divisions of organisations (self accounting profit/cost centres) in the private and public sectors operating in India, or individuals who are Indian citizens, may participate in the‘Golden Peacock Innovation Award’.

• Innovations may be in any area of human endeavour
• You may reapply for an Award in subsequent years provided a new application form is completed along with updated version of supporting information.

The Categories

Innovations may be in the form of new ideas, new products, patents, inventions, services, processes, new financial techniques, or business structures, and could be divided into two broad categories, as follows :-

1. Technology Innovation

2. Business Innovation

• Business Application of IT Services/Communication
• Environment
• Finance
• Management Techniques and Organisation
• Transport and Logistics
• Product/Service Design
• Social/Political Innovation

Rules and Regulations

• The Golden Peacock Awards Secretariat reserves the right to select more than one winner and also to withhold award if the required standard is not met.
• The Golden Peacock Awards Secretariat accepts no liability for any loss or change resulting from the disclosure of information concerning an entry, though all reasonable precautions will be taken to maintain secrecy.
• The Golden Peacock Awards Secretariat cannot undertake to return documents or supplementary material submitted with an entry.
• The decision of the National Chairman of the Award Council, the recommendations of the Panel of Judges is final and no appeal or correspondence will be entertained.

Non-Disclosure and Confidentiality

Names of applicants, commentary and scoring information developed during the review of applications are regarded as proprietary by the Golden Peacock Awards Secretariat and are kept confidential. Such information is available only to individuals directly involved in the assessment and administrative process.

The Golden Peacock Awards Secretariat will take all reasonable precautions to ensure that applications andinformation therein are treated in strict confidence. However, in no way can the Golden Peacock AwardsSecretariat be held responsible for any loss of confidentiality to a third party. Moreover, the Golden PeacockAwards Secretariat can not be held liable for any damage (to goods or persons, financial loss or consequential) incurred through the breach of confidentiality or otherwise by the applicants or any third party.

The Golden Peacock Awards Secretariat reserves the right, subsequent to the Award Presentation to publish salient details of the Innovation methods/modules/Quality Improvement Schemes of the Award Winners, as a step towards sharing of knowledge.

Feedback

All applicants for Golden Peacock Innovation Award will receive a feedback report from the assessors covering areas of strength & weakness for better performance.

Fee

The application fee for Large, Medium and Small Industries is Rs. 39,500/-

For the Individual is Rs.10,000/-

The fee should accompany your application, in the form of demand draft/cheque in favour of ‘Institute of Directors’, payable at New Delhi.

Shortlisted Applicants, whose sites may be visited by a member of the jury, shall bear the actual cost of such visit.

Wealth in this century will not be created by optimisation but innovation. Innovation is going to be the key competitive differentiator for 21st century . This award recongnises new ideas, new product s, inventions, services, processes, new financial techniques or business structures. Both organisations & individuals are eligible to apply for it.