FAQs - Award | SKOCH FinTech Forum & Award

FAQs FOR SKOCH FINTECH AWARD

Why SKOCH Award?

SKOCH Award remains the most credible independently instituted award in the country for the last 25-years. Its receivers have come from across the political spectrum and party lines. It has been conferred on the ordinary and mighty alike. Each SKOCH Award recipient has been doing phenomenally well in their respective areas. Our methodology and evaluation spans four months – more than any other award in the country. Our experts and juries are domain experts and devote hours and days of their time evaluating each project in great detail as opposed to celebrity juries, which don’t provide either time or commitment to the process.

What is the difference between SKOCH Order-of-Merit and SKOCH Award?

SKOCH Order-of-Merit is the recognition of your efforts in the applied sub-category for the award. SKOCH Orders-of-Merit are provided to the top 30% best performing projects in the country. The difference between a SKOCH Order-of-Merit and SKOCH Award is that while nominations compete within their sub-category for SKOCH Order-of-Merit, for SKOCH Award, the evaluation is done for the main category as well as across sub-categories.

Can I qualify for the award without participating in the exhibition?

Yes, you can qualify for the award without participating in the exhibition, which is optional. All scores are confidential and not shared with anyone including the nominees.

Why is the exhibition important?

Exhibition is an important part of the award evaluation process not only because it provides an opportunity for you to showcase your work in the presence of thought leaders from the industry, stakeholders and the wider ecosystem but also because it provides an opportunity for the delegates to see your work live and vote on the spot, which carries a 10% weightage in the process for evaluation.

Often, people lose out on awards due to a fraction of scores and hence, these scores from the exhibition become even more crucial.

Exhibition participation provides another unmatched opportunity to learn from the best practices in your industry.

Why do I have to sit through all peer evaluations?

The idea behind SKOCH Award is two fold – learning from peers and learning from the best. For best practices sharing and learning, we encourage all participants to sit through presentations of their counterparts and learn from them. Sitting through peer evaluation provides you an opportunity to learn from the best practices in the country.

Why is online voting important, if we are a non-media savvy organisation?

As the world moves forward, it adopts contemporary technologies to drive value for the humankind and so should we. In online voting, same categories of organisations, individuals and nominations are competing with each other so the playing field is level. If you are not competent on social media and online, your peers aren’t likely to be savvy either.

Does participation in exhibition guarantee an award?

SKOCH Award is India’s highest independent civilian honour. The Award have been non-partisan since inception in 2003. All nomination go through a rigorous evaluation process, which spans as-many-as four months.

What happens if you receive a complaint about a potential nominee?

We take such issues seriously and with utmost concern. Any complaint received is liable for a detailed editorial investigation by the SKOCH Consultancy Services and a report is presented to the jury before they make their final decision. Any complaint about a nominee can be emailed at info@skoch.in alongwith supporting documents. Anonymous complaints are not entertained.

What happens if you receive a complaint after the award has been conferred?

All awards are final. Once conferred, they are not reviewed. Awards are based on an evaluation methodology and are decided through a process using the evidence available at the time.

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