New Delhi, Aug 9 (KNN) Fourth edition of the National Entrepreneurship Awards (NEA), instituted in a bid to recognize and encourage outstanding Indian Entrepreneurs and catalyse a cultural shift in youth for entrepreneurship by the Ministry of Skill Development and Entrepreneurship (MSDE), has been opened for nominations.

The NEA 2019 aims to honour outstanding young first generation entrepreneurs and ecosystem builders for their exceptional contribution in entrepreneurship development.

The ceremony will take place in November 2019.

With NEA, the Government of India will reward the most innovative, inspiring and accomplished micro entrepreneurs to scale up their business.

The objective of these awards is to recognize the businesses and businessmen, not only to improve their marketability, but also address discontinuity towards better business systems and enhanced products & services with the help of prize money. The awards ceremony will be held in November this year.

There are a total of 45 specially designed awards to be bestowed – 39 Enterprise Awards and 6 Awards for Entrepreneurship Ecosystem Builders. To be eligible for these awards, the nominee must be under the age of 40 years.

Winners will be felicitated in a grand Award Ceremony, organized by the Ministry of Skill Development & Entrepreneurship, and will be presented with a Trophy, Certificate and a Cash Prize of ₹5 lakh (enterprises/ individuals) and ₹10 lakh (organizations/ institutes).

Candidates will be mobilized through Nomination/Self-nomination, and will undergo a three-level rigorous evaluation process, wherein, in the last step the National Jury of eminent persons drawn from academia/research, industry, social sector, banking etc., will select the winners.