Lockheed Martin Partners India Innovation Growth Program

The India Innovation Growth Program (IIGP) has been one of India’s longest standing public-private partnerships between Government of India’s Department of Science & Technology (DST) and Lockheed Martin Corporation. The goal of the Program is to build an innovation pipeline in India, and it has facilitated access to capital, industry partnerships and resources sought by entrepreneurs. Through a wide outreach campaign spreading over 100 plus cities across India, the program has received and evaluated  over 8,000 and more ideas.

The 2018 IIGP 2.0 has additional partners: the Tata Center for Technology and Design at the Massachusetts Institute of Technology, the Center for Innovation Incubation and Entrepreneurship at the Indian Institute of Management Ahmedabad, and the Indian Institute of Technology Bombay.

Innovation

“IIGP 2.0 aims to address the specific challenges faced by innovators in scaling their innovations. It is focused on scaling innovations with a strong societal impact as well as cutting-edge industrial innovations, by taking entrepreneurs through the stages of ideation, innovation and acceleration,” says Nirankar Saxena, assistant secretary general of the industry body Federation of Indian Chambers of Commerce and Industry, another IIGP partner.

Finalists who make it through the first two rounds of selections this year will travel to the United States for further mentoring at the Massachusetts Institute of Technology. In past years, IIGP finalists have visited the IC2 Institute at The University of Texas, Austin and Stanford Graduate School of Business, California.

“Partnerships with these universities have helped Indian innovators and entrepreneurs learn best practices from the U.S. on innovation and technology commercialization,” says Saxena.

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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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