Dr. Harsh Vard­han gives away DST-Lock­heed Martin In­no­va­tion Award to 30 in­no­va­tors

FICCI Business Digest - - Contents -

Dr. Harsh Vard­han, Union Min­is­ter, Min­istry of Sci­ence & Tech­nol­ogy & Earth Sciences, gave away the DST-Lock­heed Martin In­no­va­tion Award to 30 in­no­va­tors in New Delhi on May 13, 2015. The win­ning in­no­va­tions of IIGP 2015 pro­vide tech­nolo­gies that can fa­cil­i­tate the promis­ing mis­sions of the Gov­ern­ment of In­dia viz., Swachch Bharat – Clean In­dia, Green In­dia, Make in In­dia, Dig­i­tal In­dia and the re­cently adopted Healthy In­dia.

The DST-Lock­heed Martin In­dia In­no­va­tion Growth Pro­gramme en­tered its ninth year with a record 1300 ap­pli­ca­tions for in­no­va­tive ideas across in­dus­tries rang­ing from agri­cul­ture and tex­tiles to defence and health­care. FICCI jointly with the Depart­ment of Sci­ence and Tech­nol­ogy, Gov­ern­ment of In­dia; Lock­heed Martin Cor­po­ra­tion; Indo-US Sci­ence and Tech­nol­ogy Fo­rum; Stan­ford Grad­u­ate School of Busi­ness; Indo-US S&T Fo­rum; IC2 In­sti­tute, Univer­sity of Texas at Austin and The In­dus En­trepreneurs, or­gan­ised the DSTLock­heed Martin In­no­va­tors' Award Func­tion.

Dr. Harsh Vard­han said that there was no dearth of in­tel­li­gent and in­no­va­tive minds in In­dia. The need was to con­vert in­no­va­tions for so­ci­ety's ben­e­fit with the help of the gov­ern­ment and industry. He added that in­no­va­tions be­come mean­ing­ful when it is for the ben­e­fit of mankind.

While con­grat­u­lat­ing the win­ners, Dr. Vard­han said that it was heart­en­ing to see the en­thu­si­asm of the young achievers. He urged the in­no­va­tors to fo­cus on im­me­di­ate is­sues that the coun­try was fac­ing and pro­vide in­no­va­tive so­lu­tions.

Prof. Ashutosh Sharma, Sec­re­tary, Depart­ment of Sci­ence and Tech­nol­ogy, Gov­ern­ment of In­dia, said that in­no­va­tion was the key for wealth cre­ation and na­tion build­ing. Tech­nol­ogy De­vel­op­ment Board, Global In­no­va­tion and Tech­nol­ogy Al­liance and Na­tional In­no­va­tion Foundation, were some of the ini­tia­tives of the gov­ern­ment which were driv­ing in­no­va­tion in the coun­try.

Dr. Jy­ot­sna Suri, Pres­i­dent, FICCI, said that 300 agree­ments had been signed un­der the pro­gramme con­nect­ing the se­lected in­no­va­tors to po­ten­tial industry part­ners, ven­ture cap­i­tal­ists, an­gel in­vestors and other fund­ing or­gan­i­sa­tions. As per an im­pact anal­y­sis re­port by Ernst & Young, the pro­gramme has been able to cre­ate an eco­nomic value of over Rs. 1500 crore dur­ing 2002-12. She added that the aim was to cre­ate an ecosys­tem through IIGP wherein there are higher syn­er­gies be­tween in­no­va­tion and the mar­ket­place.

Dr. Dana (Keoki) Jack­son, Chief Tech­nol­ogy Of­fi­cer, Lock­heed Martin Cor­po­ra­tion, said that IIGP chal­lenges in­no­va­tors to bring forth ideas that will shape the fu­ture of in­dus­tries across the coun­try. He added this is a tremen­dous part­ner­ship be­tween gov­ern­ment, academia and industry.

Dr. Paul Pflei­derer, Se­nior As­so­ciate Dean for Aca­demic Af­fairs, Stan­ford Grad­u­ate School of Busi­ness, said that he was in­spired by the in­no­va­tors and their in­tel­li­gent in­no­va­tions. He added that in­no­va­tion is about fail­ure. Ex­pe­ri­enc­ing fail­ure is a part of in­no­va­tion which also teaches you.

Sid Bur­back, Di­rec­tor, Global Com­mer­cial­iza­tion Group, IC2 In­sti­tute, Univer­sity of Texas at Austin, said that his or­gan­i­sa­tion helps se­lect in­no­va­tors to po­si­tion their prod­ucts in the mar­ket. Pro­vid­ing sup­port, ac­cess to po­ten­tial part­ners and mak­ing a case for the new tech­nol­ogy were some of the tasks un­der­taken by IC2.

Dr. Ra­jiv Sharma, Ex­ec­u­tive Di­rec­tor, Indo-US Sci­ence and Tech­nol­ogy Fo­rum, said that IIGP has helped many start-ups to scale up and added in­no­va­tors should look at is­sues of the coun­try with a new per­spec­tive and think out of the box.

In his con­clud­ing re­marks Dr. Arbind Prasad, Di­rec­tor Gen­eral, FICCI, said that IIGP had a for­mi­da­ble rep­u­ta­tion and was a clas­sic ex­am­ple of Pub­lic Pri­vate Part­ner­ship.

Dr. Harsh Vard­han, Union Min­is­ter, Min­istry of Sci­ence & Tech­nol­ogy & Earth Sciences pre­sent­ing the DST-Lock­heed Martin In­no­va­tion Award to a win­ner.

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