In India, Lockheed Martin to Focus on Women-led Startups

Having supported startups in India for more than a decade, many of which were led by women, Maryland-based Lockheed Martin plans to invest in technology startups, with a special focus on women-founded ones, says its deputy executive vice president Lorraine M. Martin.

Planning in a startup
Martin recounted initiatives to encourage women to join the technology manufacturing workforce and toward inspiring them at early ages towards science, technology, engineering and math. She said, “We (at Lockheed Martin) would like to have half the workforce as women, which is what our population is. All the studies have shown that diverse workplaces are more productive. Studies show that companies with women in senior leadership perform better.”

 Lockheed Martin’s India Innovation Growth Program offers $2 million a year of resources and mentoring to startups through competition. The company has partnered with the Government of India, Department of Science and Technology, and with the Tata Trust, that has helped to double their resources, Martin told the Economic Times.

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Posted on by Gunjan Bagla
Gunjan Bagla
California-based management consultant Gunjan Bagla runs Amritt, a consulting firm helping American companies to succeed in India. Amritt is the trusted advisor for India market research, India business development, India market entry, Global Engineering, Global Technology Scouting, India R&D and Open Innovation. Gunjan is author of "Business in 21st Century India: How to Profit Today from Tomorrow’s Most Exciting Market" (Hachette Book Group, 2008), Amazon's top rated title on the subject. He has appeared as the India Expert on BBC Television, Bloomberg TV, Fox Cable Business and has been quoted in the New York Times, the Los Angeles Times, the Hollywood Reporter and Business Week for his expertise on India.

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