The awards would be given out in March through the Singapore-based Business Excellence & Research Group (BERG) here.
"The Innovation & Excellence in Education Awards (IEEA) have been created to recognize the contribution of Educational Institutions and Educational Eco System providers in individual countries across Asia," said Thomas McMahon, Chairman of BERG's Advisory Board.
"The first edition of IEEA is focused at India, given that this sector will hold the key to India's growth in the coming decades," said McMohan, former President and Deputy Chairman of Hong Kong Mercantile Exchange (HKMEx).
BERG has also created an Innovation & Excellence in Education Award recognizing cooperation between Indian and Singapore educational institutions and Singapore institutions.
Joining McMohan in the board are Deep Singhania, an IT professional and former Country Manager of Singapore Tata Consultancy Services, as well as Kelly Teoh, a financial markets and media expert.
The nominations for the various categories would close by February 24 and the awards would be presented at the Awards Nite and Gala Dinner on March 27 in Singapore.