Each year the Institute confers a large number of awards and prizes to honour eminence as well as to nurture young talents. These awards have been instituted with endowments from leading industry houses, media enterprise and R & D organizations. The awardees indeed cover a wide spectrum - revered scientists, esteemed industrialists, respected academics, meritorious students and research scholars, etc. Nine national awards are given in recognition of overall excellence and original contribution to the domain of chemical engineering. More than 40 awards have been instituted to acknowledge life long service to the profession of chemical engineering, striking innovations, original papers published in the Institute journal and other international journals of repute, etc. Seventeen CHEMCON Distinguished Speaker Awards, associated with the names of renowned academics and scientists, are conferred every year, the awardees being the creme of academia and industry. A host of other awards have also been instituted to encourage and support under-graduate, post-graduate students and research scholars. The list of awards would indeed impress even the greatest sceptic.

Besides the HQ, Regional Centres of the Institute offer scholarships and research fellowships to students and research scholars, pursuing studies in their respective geographical region.