Nagaland Chief Minister Neiphiu Rio on Friday conferred the first Entrepreneurs Associates Innovation Fund (EAIF) Award to three Naga youths for innovation.
The award carries cash of Rs 2 lakh each with citation and three years of free mentorship by Entrepreneurs Associates, an oganisation working to nurture the entrepreneurial aspirations of individuals and communities since 2000.
M Sc student of Kohima Science College Jotsoma (KSCJ), Peihauding Zeliang was conferred the award for inventing Organic Healing Paste and Bio-enhancer.
The second recipient is B Sc student of KSCJ, Zenwang Konyak, for his innovation of Umbrella Harvest, also known as U-Harvest to address water scarcity during dry seasons.
Tsenshithung Yanthan, a young government employee, was the third awardee for inventing Band Saw or a portable sawmill.
The awards were conferred during the launching of EAIF at the Regional Centre of Excellence for Music & Performing Arts (RCEMPA), Jotsoma on Friday.
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Congratulating the award winners, Chief Minister Rio said big dreams with minimum work will not produce result but one needs to work hard with consistency in order to achieve success.
Maintaining that Nagaland is solely dependent on central funds, Rio said that efforts should be made to enhance the state's economy with innovations and entrepreneurship.
"Our own products should be promoted and we should start small with an aim for higher achievements," he said.
He also said that the strength of Nagas lies in textile, cultural tourism, agro-based industry and organizing produces.
CEO and Coordinator of Entrepreneurs Associates & Group of Social Ventures, Neichute Doulo while highlighting the future of innovations and entrepreneurship in the region said that innovations and start ups are powerful business processes which attract investors.