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