Nasik-born Ramesh Raskar, an imaging scientist and inventor at MIT, has been awarded the $500,000 Lemelson-MIT Prize 2016, it was announced at Cambridge, in Massachusetts, on Tuesday.
Dinesh Bharadia, researcher at MIT, won the Paul Baran Young Scholar Award of the US-based Marconi Society.
Raskar, 46, is the co-inventor of radical imaging solutions including femto-photography -- an ultra-fast imaging system that can see around corners -- low-cost eye-care solutions for the developing world, and a camera that allows users to read pages of a book without opening the cover.
"We are thrilled to honour Ramesh Raskar, whose breakthrough research is impacting how we see the world," said Dorothy Lemelson, chair of the Lemelson Foundation, in a statement.
The technology, currently in development for commercialisation, uses ultrafast imaging to capture light at 1 trillion frames per second, allowing the camera to create slow motion videos of light in motion.
"Ramesh's femto-photography work not only has the potential to transform industries ranging from internal medicine to transportation safety, it is also helping to inspire a new generation of inventors to tackle the biggest problems of our time," Lemelson added.
"Everyone has the power to solve problems and through peer-to-peer co-invention and purposeful collaboration, we can solve problems that will impact billions of lives," observed Raskar, who is also Associate Professor at MIT.
He plans to use a portion of the Lemelson-MIT Prize money to launch a new effort using peer-to-peer invention platforms that offer new approaches for helping young people in multiple countries to co-invent in a collaborative way, the statement read.
"Bharadia has been chosen for the 2016 Paul Baran Young Scholar Award for his contribution to send and receive radio (wireless) signals, including mobile telephony and data on the same channel (wave)," the Marconi Society said in a statement.
"Bharadia's research disproved a long-held assumption that it is not possible for a radio to receive and transmit on the same frequency band because of the resulting interference," the statement said.
The Marconi young scholar award includes $4,000 (Rs. 2,67,870) prize and expenses to attend its annual awards event.
He will receive the award at a ceremony in Mountain View, California, on November 2.
Bharadia's technology can be used in India to build relays which can listen to signals from a cellular tower, transmit them instantly and extend the range across the country.
Get Breaking news, live coverage, and Latest News from India and around the world on NDTV.com. Catch all the Live TV action on NDTV 24x7 and NDTV India. Like us on Facebook or follow us on Twitter and Instagram for latest news and live news updates.