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Education, Digitization and Policy Reforms key to growing India’s MSME Sector – Experts say in webinar hosted by Infomerics Analytics & Research
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Most MSME borrowers do not understand the requirements of a Bank to be able to give them creditJust 12% of all MSME in India are digitally matureLending parameters need to move from collateral-based lending to cash-flow based lending processThe unmet or unserved demand for credit by SMEs in India is over USD 200 billion across categories.
MUMBAI, India, June 28, 2024 /PRNewswire/ — Infomerics Analytics & Research hosted a webinar titled “Empowering MSME Success: Insights & Strategies for MSME’s Unlocking Potential,” in celebration of World MSME Day. The webinar brought together a distinguished panel of experts to discuss the growth and challenges of Micro, Small, and Medium Enterprises (MSMEs), offering actionable strategies for their growth and highlighting the support ecosystem necessary for MSMEs to thrive.
The webinar hosted by Mr. Mohit Rana, Chief Executive Officer – Infomerics Analytics and moderated by Mr. K S Nagabhushan, Director – Infomerics Analytics included eminent speakers like Mr. K J Srikanth, Chief General Manager – Canara Bank, Mr. S P Singh, Chief General Manager – SIDBI, Dr. Manoranjan Sharma, Chief Economist – Infomerics Ratings, Mr. Manasvi Goel, Director – Credlix, and Mr. Priyesh Ranjan, Senior Director & Country Head – Stenn. The webinar was attended by over 150 stakeholders from the MSME and BFSI sector.
MSMEs, by the very nature of their business, account for 90% of business, 60% to 70% of employment and 50% of GDP globally wherein countries like Indonesia, Nigeria, USA, Bangladesh, Brazil, Japan, Mexico, Italy and Egypt have the greatest number of MSMEs globally. However, India, with 63 million MSMEs leads the pack with Indonesia a close second.
Webinar started with the welcome address by Shri Mohit Rana – CEO, Infomerics Analytics.
He welcomed all guest speakers and other participants to the Webinar and informed about the purpose of this Webinar conducted on the occasion of World MSME Day. He introduced all the guest speakers and informed that the speakers are Industry leaders and experts, who would share their knowledge and experience in the field of MSME, for the benefit of our clients. He shared his thoughts why MSME sector is important and what role they are playing in the economy. He also informed that participants can get their doubts clarified from the panel of experts at the end of the session.
Mr. Mohit Rana, Chief Executive Officer – Infomerics Analytics initiated the discussion starting with the insights on MSME’s and has narrated the way MSME grow from scratch to the present level. He narrated how the MSME units have struggled hard to establish themselves. He shared that MSMEs contribute to 30% of India’s GDP, 40% of India’s exports, and as of August 2023, employed 12.40 crore people in India. The Government of India, going forward, has laid out an ambitious plan of adding another 5-crore people in the MSME sector by 2025. Government has initiated lot of measures to upbringing of MSME sector by way of cheaper loan, easy establishments, subsidies, marketing of their products etc. In India over 99% of MSMEs are micro and small enterprises of which 51% are in rural areas and 49% are in urban areas. So, irrespective of the criteria or benchmarks adopted, MSMEs form an important driver of the Indian economy and there is humongous potential for innovation, growth, and modernization. In the post economic reforms period, the growth of MSMEs, in terms of all parameters like income, output, and employment have outperformed large industries.
Dr. Manoranjan Sharma, Chief Economist, Infomerics Ratings speaking in the webinar said, “The Indian Government has taken several pioneering steps, implemented a number of innovative initiatives, including the CGTMSE Scheme however, there is fair way still to traverse. The issues faced by MSMEs are of great concern and need to be addressed effectively, in a coordinated and concerted manner, with a sense of urgency to address the challenges of today and the expectations of the future.”
Dr. Sharma further added, “The unfortunate and disconcerting aspect of the MSME growth saga in India is that over the years they continue to face problems relating to marketing, credit, technology and infrastructure. Some of the basic issues of credit faced by MSMEs include cost of credit, adequacy of credit, issues of collaterals, etc. continue to make things difficult. Despite all the development in the Banking and Financial sector in Indian over the last few decades, about 80% of financing needs of MSMEs are still met by friends and relatives. Going forward, we must move from collateral-based lending to cash-flow based lending process; innovative financing is a must.”
Mr. Priyesh Rajan, Senior Director & Country Head, Stenn speaking about the Challenges faced by the MSMEs said, “In India right now is that there is a consistent move towards digitalization and as the second generation of the family comes into the business, they try to involve technology as much as possible in every aspect of business. However, despite there being 64 million SMEs in India, only 7.7 million i.e. just about 12%, have matured digitally. If one looks at the credit demand of these 64 million SMEs, the unmet or unserved demand in India is over USD 200 billion across e-commerce, food, travel, edtech, various categories that these SMEs operate in.”
Mr. Ranjan further said, “So, while this USD 2 Bn opportunity in the growth path of SMEs but is also an opportunity for technology companies, banks, private sector, public sector, and other stakeholders to come together and to solve the credit issues being faced by SMEs which can be solved, at scale, by using technology which many banks are doing.”
Mr. K J Srikanth, Chief General Manager, Canara Bank speaking about the various initiatives of the Indian Government for MSMEs said, “The MSME sector is an important sector that has been long ignored in India especially in the manufacturing side. The MSME sector is an important aspect in progress and has to give a lot of employment as well as export opportunities to help India grow. Only if MSME grows, will the country grow. The Government took a lot of initiatives which started with the nationalization of Banks and priority sectors were identified and MSMEs was one of the sectors identified as a sector for priority lending. Within this, microenterprises also got priority and there was a sub target given within MSMEs to be achieved by all the commercial banks.”
Mr. Srikant further said, “One of the key issues faced by the sector is the lack of basic knowledge and understanding among borrowers about the expectations of a Bank when they seek credit from the Bank. It is critical that all stakeholders come together and conduct a financial literacy programme for MSME enterprises to acquaint them with the understanding of what exactly they need to provide to the bank to get financial assistance for their units. The lack of this knowledge is a challenge for enterprises, banks, and other financial institutions as well.”
A paradigm shift is needed if the MSME sector has to improve to be able to cater to the financial requirement of MSMEs. This includes reforms from the regulatory side, some from the bank policy side required and the knowledge gap between enterprises and lenders needs to be filled for taking India to next level. Another critical challenge faced by MSMEs is collateral security and the third-party guarantee that has been addressed through CGTMSE scheme, presently available up to Rs. 5 crores and there are plans to increase this.
Mr. S P Singh, Chief General Manager, SIDBI speaking about the Way forward for advancement of MSME in next 5 years said, “The MSMEs in India have faced numerous hurdles since their inception, including the unavailability of credit and other related issues. One significant observation we have had is that there is a significant credit gap, either in the need or in the demand. Our experience shows that if any business is given the amount of money he demands, he is certain to fail. Therefore, the credit should be rational and need-based; it should be a demand of the credit not the desire of a credit.”
Mr. Singh further added, “The challenge for MSMEs, as of now, is that at this point in time they need to concentrate on their factor productivities which will provide them an edge in the global and domestic markets. We have seen a few MSMEs that may not have been viable but there are certain systemic shortcomings. They are turning a profit in the balance sheet thanks to the cash transactions, etc. However, their balance sheets, if analysed properly, show operating losses. MSMEs need to understand that each and every cost factor has to be taken into consideration while pricing a product. This is critical for MSMEs to realise going forward because with more liberalization and changing global geo-political situations will keep on shifting the opportunities from one place to another and MSMEs need to be prepared for this if they want to capture a bigger market.”
The Government, to digitize the lending process, launched the JanSamarth Portal where all MSME proposals can be submitted through the portal and banks will take a decision basis on the information submitted by them. This portal is also monitored and helps bring transparency for the borrower and the lender. The PM Vishwakarma scheme has also been introduced though it is yet to take ground, but it is a good initiative that this is a very good scheme, especially for skilled people. The Government introduced a Trade Finance scheme a few years back which involved financing invoices through the online platform. However, a lot more initiatives are required, and digitization is going to be the way forward.
The contribution of MSMEs for a growing economy like India is one that everyone counts on because they are the most agile. MSME sector has the flexibility to adopt new technologies, adopt the newer trends and grow at a fast speed so that the entire economy can grow along with their growth. And the biggest challenge is the credit gap and technology adoption.
Mr. Manasvi Goel, Director, Credlix speaking about the Innovative Technology & Strategies adopted for MSMEs said, “The e-invoice initiative driven by the Government of India has helped lenders decide on extending credit to MSME players after analyzing their cash flows and purchases, viability of the business, the return that it can generate from the capital that is provided. The entire lending process will move to this instead of the traditional way of underwriting basis on the hard collateral or the value of equipment that an MSME can provide as collateral for availing credit.
Mr. Goel further added, “This metric is powerful for some of those sectors which are sunrise sectors for Indian economy, particularly solar, renewable energy, semiconductors and e-commerce for that matter. These sectors are largely dependent on new age MSMEs, through their exports or through innovative products within Indian geography. The facility of GIFT city entity also allows lenders to help MSMEs from an export perspective and make them an integrated part of the global supply chain.”
According to a recent Asian Development Bank report, the trade financing gap for the global trade is standing at USD 2.5 trillion, which is almost 10% of global trade. And it has grown by 47% from USD 1.7 trillion in 2020 which is a significant rise, and such trade gaps primarily impact the MSME sector. MSMEs, using the combination of technology and business processes, can easily avail a lot more flexible options from a supply chain financing perspective for their domestic or export trade which will be very significant for India’s growth story.
The entire panel of esteemed speakers unanimously agreed that if key aspects like closing the credit gap, digitization of MSMEs, educating MSMEs in the credit processes along with reforms on the regulatory and policy front are taken care of, then the Indian MSMEs have a great future going forward. With the kind of geopolitical shifts taking place and the opportunities they present, India is definitely well poised to take complete advantage and further consolidate its MSME Sector on the global map.
Webinar concluded with vote of thanks by Shri Mohit Rana. He thanked all the speakers, participants and internal team who contributed to the success of this Webinar.
About Infomerics Ratings:
INFOMERICS Valuation and Rating Private Limited, a SEBI-registered and RBI-accredited Credit Rating Agency, was founded by professionals with extensive experience in finance, banking, and administrative services. Infomerics offers unbiased and thorough analysis and evaluation of creditworthiness and ratings for banks, NBFCs, large corporates, and small and medium-sized units (SMUs), providing deep insights for investors and financial institutions. Infomerics plays a crucial role in reducing information asymmetry among lenders and investors and facilitating various fundraising opportunities for borrowers/issuers.
About Infomerics Analytics & Research:
Infomerics Analytics And Research Private Limited (IARPL) formerly known as Infomerics Ratings And Research Private Limited (IRRPL) is 100 % subsidiary of Infomerics Ratings a SEBI-registered and RBI-accredited Credit Rating Agency .The company is engaged into providing the services of rating of MSME’s , Grading, Scoring & Analysis, Evaluation, Certification appraisal and ESG etc. of all the business entities and Government, Banks , FIIs, Overseas Corporate Bodies (OCB’s) including FPI’s and FII’s, other regulators like IRDAI, PFRDA, etc.
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LOS ANGELES, April 19, 2026 /PRNewswire/ — The Breakthrough Prize Foundation today announced the winners of the 2026 Breakthrough Prizes, honoring scientists whose discoveries are significantly driving growth of human knowledge. In the Life Sciences, their work has led to gene therapies for three devastating diseases – inherited blindness, sickle cell disease and beta-thalassemia, and identified a key genetic cause of two more – ALS and frontotemporal dementia. In Physics and Mathematics, they have constructed theories of the fundamental forces of nature and probed them to mind-blowing precision, and revealed deep truths about the mathematical behavior of waves.
The Breakthrough Prizes – popularly known as the “Oscars® of Science” – were created to celebrate the wonders of our scientific age. Co-founded by Sergey Brin, Priscilla Chan and Mark Zuckerberg, Julia and Yuri Milner, and Anne Wojcicki, the prizes are now in their 14th year.
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This year’s prize money totals $18.75 million, bringing the amount conferred over the 15 years of the Breakthrough Prize to more than $340 million.
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Jean Bennett, Katherine A. High and Albert Maguire share the Breakthrough Prize in Life Sciences. This prize recognizes work that led to the first FDA–approved gene replacement therapy. It has transformed the lives of people born with Leber congenital amaurosis, a rare inherited retinal disease that usually results in total blindness in early adulthood, enabling children who had been going blind to gain their independence, attend regular schools, play outside at night, and in some cases even qualify for driver’s licenses. The therapy replaces the defective RPE65 gene, which produces a malfunctioning version of a protein critical to the visual cycle – the process by which the retina responds to light. The husband-and-wife team of molecular biologist Bennett and ophthalmic surgeon Maguire invented and developed the therapy from first conception to an effective treatment in animal models (including restoring sight to a number of Swedish Briard dogs which they went on to adopt). In 2005, High, a physician-scientist at Children’s Hospital of Philadelphia (CHOP) invited Bennett and Maguire to collaborate on a human trial. High’s laboratory and clinical gene therapy expertise proved crucial in the development of the approved drug, including gaining regulatory approval to conduct the initial clinical trials, and in directing the production and characterization of high-quality viral vector preparations used to introduce the replacement gene. The three physician-scientists worked together to design the pivotal trial, including developing and validating a novel clinical endpoint to measure the vector’s clinical effect.
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Inaugural Vera Rubin New Frontiers Prize
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The prize is named in tribute to the great astronomer Vera Rubin, who discovered key evidence for dark matter, and in homage to whom NVIDIA’s new chip platform is named. The new prize recognizes women physicists within two years of their PhDs who have already made important contributions to science.
Carolina Figueiredo discovered that three apparently unrelated theories — two governing nuclear particles called gluons and pions, and the third describing particles in a “toy model” that does not describe the existing world — all forbid exactly the same set of particle collisions. This was a big surprise, as the three theories are quite different, with no reason to think they are connected. Figueiredo’s discovery revealed that the common behavior reflects a single underlying geometric structure: curves drawn on surfaces, within a framework now known as surfaceology. Intriguingly, this structure makes no reference to particles moving through space and time; yet it reproduces the predictions of conventional physics far more efficiently than the traditional approach, which tracks each particle’s movement through these dimensions. Figueiredo’s work thus advances – and perhaps brings closer to the real world – a broader program to reformulate the foundations of particle physics in purely geometric terms, with spacetime as an emergent phenomenon arising from a new set of principles.
New Horizons in Physics Prize
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New Horizons in Mathematics Prize
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Citations for 2026 Laureates
2026 Breakthrough Prize in Life Sciences
Jean Bennett, University of Pennsylvania
Katherine A. High, University of Pennsylvania, Children’s Hospital of Philadelphia, and Rockefeller University
Albert Maguire, University of Pennsylvania
For developing a therapy for inherited retinal degeneration that became the first FDA-approved gene therapy for a genetic disease.
Rosa Rademakers, VIB, University of Antwerp, and Mayo Clinic
Bryan Traynor, National Institute on Aging, National Institutes of Health
For the discovery of the most common genetic cause of ALS and frontotemporal dementia which charted the path for new mechanistic studies of these diseases.
Stuart H. Orkin, Boston Children’s Hospital, Dana-Farber Cancer Institute, Harvard Medical School, and Howard Hughes Medical Institute
Swee Lay Thein, National Heart, Lung and Blood Institute, National Institutes of Health
For elucidating the mechanism driving the switch from fetal to adult hemoglobin and validating it as a therapeutic target for sickle-cell disease and beta-thalassemia.
2026 Breakthrough Prize in Mathematics
Frank Merle, CY Cergy Paris Université and Institut des Hautes Études Scientifiques
For breakthroughs in nonlinear evolution equations, with regards to their stability, singularity formation, or resolution into solitons.
2026 Breakthrough Prize in Fundamental Physics
The Muon g-2 Collaborations at CERN, Brookhaven National Laboratory, and Fermilab
For multi-decade, groundbreaking contributions to the measurement of the muon’s anomalous magnetic moment, pushing the boundaries of experimental precision and igniting a new era in the quest for physics beyond the Standard Model.
2026 Special Breakthrough Prize in Fundamental Physics
David J. Gross, Kavli Institute for Theoretical Physics, University of California, Santa Barbara
For a lifetime of groundbreaking contributions to theoretical physics, from the strong force to string theory, and for tireless advocacy for basic science worldwide.
2026 Vera Rubin New Frontiers Prize
Carolina Figueiredo, Princeton University
For contributions to the geometric structure of scattering amplitudes, revealing hidden relations among quantum field theories.
2026 Maryam Mirzakhani New Frontiers Prize
Amanda Hirschi, IMJ-PRG, Sorbonne Université
For contributions to symplectic topology.
Anna Skorobogatova, Clay Research Fellow and ETH Zürich
For contributions to geometric measure theory.
Mingjia Zhang, Princeton University and Institute for Advanced Study
For contributions to the theory of Shimura varieties.
2026 New Horizons in Mathematics Prize
Otis Chodosh, Stanford University
For contributions to differential geometry and the calculus of variations, including work on minimal surfaces and manifolds with positive scalar curvature.
Hong Wang, Institut des Hautes Études Scientifiques and New York University
For work in harmonic analysis, partial differential equations, and geometric measure theory, including the local smoothing conjecture, Furstenberg set conjecture, and the Kakeya conjecture.
Vesselin Dimitrov, Caltech
Yunqing Tang, University of California, Berkeley
For work in Diophantine geometry, including the proof of the Atkin-Swinnerton-Dyer unbounded denominators conjecture and new irrationality results for special values of Dirichlet L-series (both joint with Frank Calegari).
2026 New Horizons in Physics Prize
Benjamin R. Safdi, University of California, Berkeley
For proposing new ways to seek axion-like particles with laboratory experiments and astronomical observations.
Clay Córdova, University of Chicago
Thomas Dumitrescu, Mani L. Bhaumik Institute for Theoretical Physics, UCLA
Shu-Heng Shao, MIT
Yifan Wang, New York University
For generalizing the notion of symmetry in various ways, and for exploring the consequences of these generalized symmetries, in quantum field theory, particle physics, condensed matter physics, string theory, and quantum information theory.
Dillon Brout, Boston University
J. Colin Hill, Columbia University
Mathew Madhavacheril, University of Pennsylvania
Maria Vincenzi, University of Oxford
Daniel Scolnic, Duke University
W. L. Kimmy Wu, Caltech
For advances in cosmic microwave background and supernovae cosmology.
Videos and Photos
Assets, including headshots of this year’s winners, can be downloaded for media use here.
Images and select video from the 2026 Breakthrough Prize Gala — red carpet and ceremony — can be downloaded for media use here.
The show will premiere on YouTube on Sunday, April 26th at 3PM Eastern / 12PM Pacific.
For the 14th year, the Breakthrough Prize, renowned as the “Oscars® of Science,” recognizes the world’s top scientists. Each prize is $3 million and presented in the fields of Life Sciences, Fundamental Physics and Mathematics. In addition, up to three New Horizons in Physics Prizes, up to three New Horizons in Mathematics Prizes and up to three Maryam Mirzakhani New Frontiers Prizes are given out to early-career researchers each year. Laureates attend a gala award ceremony designed to celebrate their achievements and inspire the next generation of scientists.
The Breakthrough Prizes were founded by Sergey Brin, Priscilla Chan and Mark Zuckerberg, Julia and Yuri Milner, and Anne Wojcicki and have been sponsored by foundations established by them. Selection Committees composed of previous Breakthrough Prize laureates in each field choose the winners. Information on the Breakthrough Prize is available at breakthroughprize.org.
SOURCE Breakthrough Prize
Technology
Huawei Cloud Strengthens Thailand’s Insurance Industry with Next-Generation Digital Technologies
Published
2 hours agoon
April 19, 2026By
BANGKOK, April 19, 2026 /PRNewswire/ — Huawei Cloud Thailand in collaboration with The Thai Life Assurance Association, hosted an executive forum bringing together more than 30 senior executives and technology leaders from leading insurance companies. The initiative reflects Huawei Cloud’s commitment to strengthening its role as a strategic partner in advancing Thailand’s digital and AI-driven economy, supporting insurance companies in accelerating secure, flexible, and scalable digital transformation through cloud-native infrastructure, advanced database technologies, and industry-specific solutions.
The event served as a platform for industry leaders to exchange insights on the future of the insurance industry in the era of cloud and AI-driven innovation, while exploring how cloud and AI technologies can modernize core insurance systems and enhance operational stability and resilience.
Driving the Future of Digital Insurance
As the insurance industry continues to accelerate its digital transformation, insurers are under increasing pressure to modernize legacy systems in order to support real-time services, rapidly growing data volumes, and evolving customer expectations.
Huawei Insurance Day event aims to position Huawei Cloud as a Strategic Digital Transformation Partner for the insurance industry, helping insurance companies build secure, scalable, and resilient digital infrastructures that can support long-term business growth.
During the event, Huawei Cloud showcased its end-to-end capabilities for the insurance sector, including cloud infrastructure, cloud-native databases, and specialized industry solutions designed to support mission-critical insurance systems.
Key Solutions for Insurance Digital Transformation
Digital Core Insurance Solution
A modernization solution that transform insurance companies migrate from legacy system such as AS/400 systems to cloud-native architectures with A next-generation core insurance architecture that enables insurers to rapidly launch new products, enhance system flexibility, simplifying maintenance and improve overall customer experience.
GaussDB for Mission-Critical Insurance Systems
Huawei’s enterprise-grade database that has been trusted by large financial organization globally, including Thailand. GaussDB designed to support critical workloads with high reliability, security and performance across multiple data centers on Huawei Cloud.
Piyatida Itiravivongs, President of Huawei Cloud Thailand said:
“Digital transformation has become a strategic priority for the insurance industry. Huawei Cloud is committed to supporting insurers in building a strong digital service by combining cloud infrastructure, advanced database technologies, and industry-specific solutions to improve operational efficiency and deliver better customer experiences.”
Meanwhile, Huang Hu, Solution Architect of Sinosoft, said:
“Sinosoft has extensive experience in developing technology platforms for the insurance industry. Through our collaboration with Huawei Cloud, we have successfully modernized insurance systems by adopting cloud-based architectures, helping organizations enhance the performance and stability of their core insurance platforms while supporting long-term business growth.
The success of these projects demonstrates the strong synergy between Sinosoft’s insurance technology expertise and Huawei Cloud’s advanced cloud infrastructure. We hope the experience and case studies shared at this event will provide valuable insights for insurance companies in Thailand as they accelerate their journey toward digital insurance.”
Thailand’s insurance industry is entering a new era in which digital technologies play an increasingly important role in enhancing operational efficiency and improving customer services. Forums such as this provide a valuable platform for industry stakeholders to exchange knowledge and perspectives on emerging technologies and innovations in cloud and digital infrastructure. Such knowledge sharing supports insurance companies in Thailand as they prepare for the ongoing evolution of the digital insurance landscape.
Huawei Cloud will continue to invest in cloud innovation to support the financial services and insurance sectors with secure, reliable, and scalable technologies, enabling sustainable business growth in the digital economy.
About Huawei Cloud Thailand
Huawei Cloud Thailand is a leading cloud service provider committed to accelerating Thailand’s digital transformation under the mission of “In Thailand, For Thailand.” According to the latest report from Gartner, Huawei Cloud is ranked No.2 by revenue in Thailand’s Infrastructure as a Service (IaaS) market, solidifying its position as one of the most trusted and fastest-growing international cloud providers in the country.
As the first international public cloud vendor to establish local data centers in Thailand, Huawei Cloud now operates three Availability Zones, ensuring high reliability and low-latency connectivity for local users. Leveraging Huawei’s 30-plus years of expertise in ICT infrastructure, it integrates cutting-edge Artificial Intelligence (AI), Cloud-Native 2.0, and Big Data technologies to empower over 40 government agencies and thousands of enterprises across the Kingdom. By building a robust digital ecosystem and fostering local talent, Huawei Cloud aims to drive Thailand’s “Digital Economy” forward, bringing cloud and intelligence to every corner of the country for a fully connected, intelligent future.
For more information, please visit Huawei Cloud Thailand online at
https://www.huaweicloud.com/intl/th-th/ or follow us on:
https://www.facebook.com/HuaweiCloudTH
https://www.youtube.com/@HuaweiCloudAPAC
View original content to download multimedia:https://www.prnewswire.com/apac/news-releases/huawei-cloud-strengthens-thailands-insurance-industry-with-next-generation-digital-technologies-302745912.html
SOURCE Huawei Cloud Thailand
Technology
Breakthrough Prize Foundation Announces Winner of the 11th Annual Breakthrough Junior Challenge
Published
4 hours agoon
April 19, 2026By
Matea Cañizarez, Age 18, of Quito, Ecuador, Receives Top Honors and $400,000 in Education Prizes for her Original Video Explaining Quark-Gluon Plasma
SAN FRANCISCO, April 18, 2026 /PRNewswire/ — The Breakthrough Prize Foundation today announced Ecuador-based student Matea Cañizarez as the winner of the 11th annual Breakthrough Junior Challenge, a global competition that empowers young people to creatively communicate complex ideas in the life sciences, physics, and mathematics.
The Breakthrough Junior Challenge will provide $400,000 in educational awards to Matea and her teacher, Roberto Procel. As the student winner, Matea will be granted a $250,000 college scholarship. In recognition of his work as a science teacher, Mr. Procel will receive a $50,000 award. The prize package also includes a cutting-edge science laboratory, designed by Cold Spring Harbor Laboratory and valued at $100,000, to be installed at Colegio Johannes Kepler, Matea’s current school, located in Quito, Ecuador.
Matea was honored alongside the 2026 Breakthrough Prize laureates at The Breakthrough Prize Ceremony in Los Angeles on April 18, 2026.
“It’s exhilarating to meet bright, curious young people like Matea,” said Julia Milner, co-founder of the Breakthrough Junior Challenge, “And to see them pursuing their passion for ideas and communicating it to others makes me truly hopeful for the future,” said Julia Milner, co-founder of the Breakthrough Prize.
Matea’s winning entry explains quark-gluon plasma, an extreme state of matter that existed just after the Big Bang, in which quarks and gluons move freely instead of being bound inside protons and neutrons. Her short video can be seen here. This was Matea’s first entry to the Breakthrough Junior Prize, and she is currently applying for college next fall.
“Coming from a rural town in Ecuador, my passion for science was not a given. I am humbled by the honor of winning the Breakthrough Junior Challenge and hope to work in the service of society and nature by making the most of this opportunity,” said Matea.
“Congratulations on your beautiful video explaining the quark-gluon plasma,” said David Gross, winner of the 2026 Special Breakthrough Prize in Fundamental Physics, whose theories led directly to the discovery of the phenomenon in Matea’s video. Gross continued, “Very exciting, very well done, and I hope you stay in physics and help us understand even better the properties of the quark-gluon plasma in the laboratory, in the early Universe, and perhaps in the core of neutron stars.”
The Breakthrough Junior Challenge is a global program designed to showcase and advance young people’s understanding of science and core scientific principles, spark enthusiasm for STEM fields, encourage pursuit of STEM careers, and engage the broader public in fundamental scientific concepts. Each year, students ages 13 to 18 are invited to produce original videos of up to two minutes that explain a concept or theory in life sciences, physics, or mathematics.
Entries are judged on how effectively participants communicate complex scientific ideas in clear, compelling, and creative ways.
“Seeing students take on complex topics and explain them with enthusiasm and creativity is inspiring,” said Sal Khan, founder and CEO of Khan Academy and Vision Steward of TED. “Their work is a reminder that when young people are given access and opportunity to explore their interests, they can achieve great things.”
This year, the Breakthrough Junior Challenge attracted more than 2,500 applicants from around the world. Submissions were narrowed down to 30 semifinalists, which represented the top submissions after two rounds of judging: first, a mandatory peer review, followed by an evaluation panel of judges. Sixteen finalists were selected in December 2025.
Celebrating its 11th year, the Breakthrough Junior Challenge has reached a global community of more than 100,000 students, parents, and educators, drawing upwards of 30,000 applications from students in over 200 countries, including Canada, Nigeria, Kazakhstan, the Philippines, Singapore, and the United States. Since its launch, the program has distributed more than $2.5 million in college scholarships, invested $1 million in state-of-the-art science laboratories, and awarded $500,000 to exceptional science and mathematics teachers. Winning submissions have explored subjects ranging from Mechanogenetic Cellular Engineering, Einstein’s Theory of Relativity, Circadian Rhythms, Neutrino Astronomy, and more. Challenge alumni have continued their academic journeys at top-tier universities such as MIT, Harvard, Princeton, and Stanford.
This year’s Selection Committee was comprised of: Thea Booysen, MsC, social media director for neurologist Dr. Richard Isaacson and founder of MadeByHuman; Rachel Crane, space and science correspondent, CNN; Pascale Ehrenfreund, PhD, president, Committee on Space Research COSPAR; Dennis Gaitsgory, professor, Max Planck Institute for Mathematics, and Breakthrough Prize in Mathematics Laureate; John Grunsfelt, PhD astronaut, associate administrator for science, chief scientist at NASA Headquarters; Mae Jemison, physician, former astronaut, entrepreneur; Jeffery W. Kelly, professor of chemistry, Scripps Research Institute and Breakthrough Prize in Life Sciences laureate; Scott Kelly, retired NASA astronaut; Salman Khan, founder and CEO, Khan Academy; Ijad Madisch, CEO, co-founder, ResearchGate; Samaya Nissanke, University of Amsterdam, Breakthrough Prize in Fundamental Physics laureate; Nicole Stott, NASA astronaut, and co-founder of the Space for Art Foundation; Andrew Strominger, professor of physics, Harvard University, and Breakthrough Prize in Fundamental Physics laureate; Terence Tao, UCLA professor and Breakthrough Prize in Mathematics laureate; Esther Wojcicki, founder, Palo Alto High Media Arts Center; Richard Youle, National Institutes of Health, and Breakthrough Prize in Life Sciences laureate; and S. Pete Worden, chairman, Breakthrough Prize Foundation.
Partners
The Breakthrough Junior Challenge
The Breakthrough Junior Challenge, co-founded by Julia and Yuri Milner, is a global science video competition, aiming to develop and demonstrate young people’s knowledge of science and scientific principles and communications skills; generate excitement in these fields; support STEM career choices; and engage the imagination and interest of the public-at-large in key concepts of fundamental science.
The Breakthrough Prize
The Breakthrough Prize, renowned as the “Oscars of Science,” recognizes the world’s top scientists. Each prize is $3 million and presented in the fields of Life Sciences, Fundamental Physics (one per year) and Mathematics (one per year). In addition, up to three New Horizons in Physics Prizes, up to three New Horizons in Mathematics Prizes and up to three Maryam Mirzakhani New Frontiers Prizes are given out to early-career researchers each year. Laureates attend a gala award ceremony designed to celebrate their achievements and inspire the next generation of scientists.
The Breakthrough Prizes were founded by Sergey Brin, Priscilla Chan and Mark Zuckerberg, Julia and Yuri Milner, and Anne Wojcicki. The Prizes have been sponsored by the personal foundations established by Sergey Brin, Priscilla Chan and Mark Zuckerberg, Julia and Yuri Milner and Anne Wojcicki. Selection Committees composed of previous Breakthrough Prize laureates in each field choose the winners. Information on the Breakthrough Prize is available at breakthroughprize.org.
About Khan Academy
Khan Academy is a 501(c)(3) nonprofit organization with the mission of providing a free, world-class education for anyone, anywhere. Since 2008, Khan Academy has provided an education safety net, a free platform designed to provide global access to high-quality learning for students and free resources for teachers. Khan Academy partners with more than 600 school districts in the United States and works with school systems in countries around the world, providing tools that personalize education. Khan Academy is at the forefront of using AI in education to support students while ensuring educators remain at the heart of the classroom. Worldwide, more than 200 million registered learners have used Khan Academy in 190 countries and more than 50 languages. For more information, please see research findings about Khan Academy and our press center.
Cold Spring Harbor Laboratory (CSHL)
The Breakthrough Prize Lab for the winning student’s school is designed in partnership with Cold Spring Harbor Laboratory (CSHL). Founded in 1890, CSHL, an independent 501(c)(3) nonprofit, powers transformational discoveries in cancer, neuroscience, artificial intelligence, plant biology, and quantitative biology. Through world-renowned science and education divisions, CSHL nurtures a culture of curiosity, discovery, and innovation to make lives better. CSHL’s DNA Learning Center (DNALC) is the largest provider of hands-on instruction in genetics and biotechnology, reaching nearly 40,000 middle and high school students through field trips, day camps, summer camps, mentored research projects, and teacher training. For more than a century, CSHL has been a powerful and productive environment for developing, connecting, and sharing world-changing ideas. For more information, visit www.cshl.edu<http://www.cshl.edu/>>.
Contact
For more information, including competition rules, video submission guidelines and queries, go to: breakthroughjuniorchallenge.org.
View original content to download multimedia:https://www.prnewswire.com/news-releases/breakthrough-prize-foundation-announces-winner-of-the-11th-annual-breakthrough-junior-challenge-302746554.html
SOURCE Breakthrough Prize
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