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January 4, 2023

Tata Sons and New York Academy of Sciences Announce Prize to Honour Scientists in India

The Tata Transformation Prize will recognize Indian scientists for research to solve societal needs and promote economic competitiveness.


MUMBAI, India, January 4, 2023 — Tata Sons and the New York Academy of Sciences announced the Tata Transformation Prize to recognize and support promising scientists in India who are developing innovative technological solutions to critical societal challenges.

The new prize will be awarded yearly to three scientists for innovations in food security, sustainability, and healthcare. Each winner will receive INR 2 crores and will be honored at a ceremony in India in December.

“This prize will accelerate breakthrough innovations by the Indian scientific community,” said Natarajan Chandrasekaran, Chairman of the Board of Tata Sons. “We hope this prize will help bring the transformational work of Indian scientists to light, reward them appropriately, and encourage them to take solutions to market. The Tata Transformation Prize is one small way in which we will promote science and scientists to solve India’s national problems.”

Applicants for the prize must be active researchers with a doctoral degree or equivalent and employed at an eligible university, institute, or other research organization in India. Applicants must propose technologies addressing food security, sustainability, or healthcare challenges with a focus on digital and technological transformation. Prize winners will be scientists whose proposed innovations re-imagine traditional practices and business models, transform technological paradigms, improve public trust, and promote an open and connected world.

“Pathbreaking research takes place in India, resulting in important advances in science around the world,” said Professor Nicholas Dirks, President and CEO of the New York Academy of Sciences. “This prize is focused not only on science but on innovative discoveries that put science to work for the betterment of society, to solving major global challenges in three core areas. We are so pleased to be working with Tata, and Chairman N. Chandrasekaran, to support scientific and technical innovation in India. In addition, it will raise national and international awareness of India’s scientific research and development strengths.”

The Tata Transformation Prize is the latest in a series of prominent awards and scholarship programs the Academy and its partners present each year to accomplished early-career and established scientists worldwide. These initiatives and education and professional development programs for students and young scientists reflect the Academy’s broader commitment to strengthening and diversifying the pipeline for skilled and talented scientists globally.

Founded by Jamsetji Tata in 1868, the Tata Group is a global enterprise headquartered in India, comprising 30 companies across ten verticals. The group operates in more than 100 countries across six continents, with a mission ‘To improve the quality of life of the communities we serve globally, through long-term stakeholder value creation based on Leadership with Trust.’

Each Tata company or enterprise operates independently under the guidance and supervision of its board of directors. There are 29 publicly-listed Tata enterprises with a combined market capitalization of $311 billion (INR 23.6 trillion) as on March 31, 2022. Tata Group Companies include Tata Consultancy Services, Tata Motors, Tata Steel, Tata Chemicals, Tata Consumer Products, Titan, Tata Capital, Tata Power, Indian Hotels, Tata Communications, Tata Electronics, Air India, and Tata Digital.

The New York Academy of Sciences is an independent, not-for-profit organization that, since 1817, has been committed to advancing science for the benefit of society. With over 20,000 Members in 100 countries, the Academy promotes scientific and technical knowledge, addresses global challenges with science-based solutions, and sponsors various educational initiatives.

Source: New York Academy of Sciences


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Edited & Posted by the Editor | 11:17 AM | Link to this Post

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