Rahul Panicker, Jane Chen, Linus Liang and Naganand Murty of Embrace Innovations, have been named as this year's winners in Social and Economic innovation of The Economist's Innovation Award for their design and development of a new infant warmer for developing countries. Panicker and Murty, both IIT graduates, are the first Indians to win The Economist Innovation Award after Sam Pitroda in 2006 and N R Narayana Murthy in 2007, city- based Embrace Innovations said in a statement. Now in their 12th year, the Innovation Awards recognise significant contributions in eight fields: Bioscience, Computing and Telecommunications, Consumer Products, Energy and Environment, Process and Services, Social and Economic, No Boundaries, and Corporate. According to the World Health Organisation, of the 15 million premature and low-birth-weight babies born each year, three million die within the first month -- about 340 every hour. In well-resourced settings, vulnerable babies u...