Marico Innovation Foundation, the not-for-profit arm of Marico Industries, is inviting applications for the eighth edition of its eponymous awards.

The last date for submission of entries for Marico Innovation Awards is July 31. The award is expected to be made next February.

The awards would cover categories such as Business, Social and Start-Up. Applicants need to send entries through the foundation’s site www.marico innovationfoundation.org.

The Boston Consulting Group, India, is the knowledge partner.

In a release, the Foundation said the winners would be selected on the basis of four pillars of innovation, impact, scalability and commercial viability.

Incepted in 2006, the award has become the benchmark for recognition with the most prolific leaders and thinkers coming together to discover innovations in the country, said Harsh Mariwala, founder, Marico Innovation Foundation, adding that not only does the platform showcaseinnovations but also provides developers access to investors and business leaders to grow their ideas.

Priya Kapadia, Head, Marico Innovation Foundation, said that every edition of the awards has brought stellar innovations to the fore and many have gone on to achieve commercial success.