'Innovations nurture in a conducive environment and I find Technopark as a suitable environment to promote entrepreneurship through right innovations,' said Ghosh.

The most innovative, socially relevant and commercially exploitable projects will get a cash award of Rs.100,000.

Added Technopark chief executive Mervin Alexander: 'Like the last few years, this year also Technopark saw the convergence of some great and innovative minds.'

'I am proud that we at Technopark are playing host to this event that is nationally being recognized as a prime event to showcase the budding engineers in the country,' he added.