Costs and Timing

//Costs and Timing
Costs and Timing2018-08-22T11:15:59+00:00

The Cost

The Product of the Year endorsement, based on the consumer research conducted by Nielsen, is a powerful tool for driving awareness and sales of innovative products. Brands that have won POY Award have reported an upward tick in sales and increased new product trials.

Entry Fee: Rs. 1.25 lac + GST
(Rs. 1 lac + GST if entered before 15th October 2018)

Category Winner:
Rs. 18 lacs + GST (for use of the logo for two years)
Rs. 10 lacs + GST (for use of the logo for the first year only)

What is the Entry Fee? Entered products must pay the Entry Fee of Rs. 1.25 lac + GST in order to proceed to the National Consumer Survey stage. This fee has to be paid within 7 working days after entering online.

What is the Winner Fee? All Entered products are put into research study conducted by Nielsen on product innovation. Consumers across the country vote on products in each category based on innovation appeal, use, satisfaction and purchase intent. Products with the highest score in each category are named Product of the Year winners.
If you win the Product of the Year title, the Winner fee becomes payable whether you use the title or not.

When Will I know if I won? Winners will be confidentially notified in March 2019 and can prepare marketing efforts from 1st April 2019.

Timing

  1. Nominations are now open for the Product of the Year 2019 Awards.
    Please nominate online by filling the Entry Form.
  2. The survey will be conducted through December 2018, January and February 2019. Results will be announced in March 2019.
  3. Usage rights: 1st April 2019 to 31st March 2020 (one year) and 1st April 2019 to 31st March 2021 (two years).

When you nominate your product you commit to the entire process and cannot withdraw at any stage after the nomination.