DST-Lock­heed Martin In­dia In­no­va­tion Growth Pro­gramme Win­ners

SP's MAI - - FRONT PAGE - [ By R. Chan­drakanth ]

Thirty in­no­va­tors have been awarded un­der the the DST-Lock­heed Martin In­dia In­no­va­tion Growth Pro­gramme which in its eighth year re­ceived a record 1,300 ap­pli­ca­tions from di­verse sec­tors such as health care, tex­tiles, agri­cul­ture, de­fence and food pro­cess­ing.

Of the ap­pli­ca­tions re­ceived, 45 in­no­va­tors were down-selected and given a week-long ad­vanced train­ing in ba­sic prin­ci­ples of prod­uct com­mer­cial­i­sa­tion, readi­ness for mar­ket, busi­ness mod­els, IP rights, com­pet­i­tive po­si­tion­ing and mech­a­nisms for rev­enue by ex­pe­ri­enced fac­ulty mem­bers from the Stan­ford Grad­u­ate School of Busi­ness. Of this 30 fi­nal win­ners were an­nounced af­ter a pres­ti­gious jury panel re­viewed the ap­pli­ca­tions. Twenty of the top 30 in­no­va­tors re­ceived a cash award of ` 1 lakh each and ten will be taken on all ex­penses paid trip to the Sil­i­con Val­ley.

The In­dia In­no­va­tion Growth Pro­gramme (IIGP) fo­cuses on “Mind to Mar­ket” strat­egy by pro­vid­ing ex­ten­sive train­ing mod­ules, which are suit­ably struc­tured to help par­tic­i­pants gauge and stream­line their ex­ist­ing ca­pa­bil­i­ties, and for­mu­late and im­ple­ment ap­pro­pri­ate busi­ness strate­gies. TiE Sil­i­con Val­ley has also come on board as a pro­gramme part­ner to pro­vide en­tre­pre­neur­ial men­tor­ship/net­work to in­no­va­tors. IIGP has helped sev­eral par­tic­i­pants in their quest to find suit­able busi­ness part­ners in In­dia. This re­sulted in more than 300 agree­ments be­ing signed be­tween 2007 and 2013.

The pro­gramme has helped par­tic­i­pants and their com­pa­nies gen­er­ate rev­enues ex­ceed­ing ` 1,500 crore ($275 mil­lion) dur­ing 2010–12, thereby con­tribut­ing sig­nif­i­cantly to the coun­try’s eco­nomic growth.

In­no­va­tion is Key

Speak­ing at the awards’ cer­e­mony, Dr Ray O. John­son, Se­nior Vice Pres­i­dent and Chief Tech­nol­ogy Of­fi­cer, Lock­heed Martin Cor­po­ra­tion, said, “In­no­va­tion is key to In­dia’s eco­nomic growth. While in­no­va­tion can­not be man­aged, it can be sup­ported. Our sup­port is demon­strated by our part­ner­ship with the Depart­ment of Sci­ence and Tech­nol­ogy, which is cre­at­ing an in­no­va­tion ecosys­tem to help solve global prob­lems and cre­ate jobs in In­dia. We have been hum­bled by this part­ner­ship these last eight years, and it’s clear that we have only just be­gun.”

Lock­heed Martin, the Fed­er­a­tion of In­dian Cham­bers of Com­merce and In­dus­try (FICCI), and the Univer­sity of Texas, IC2 In­sti­tute launched the IIGP in March 2007. It was joined by the De­part- ment of Sci­ence and Tech­nol­ogy, Govern­ment of In­dia, and the Indo-US S&T Fo­rum Novem­ber 2008 on­wards.

Win­ners

The 2014 win­ners are: K.R. Suresh Nair (Non-in­va­sive oral cancer de­tec­tion de­vice); Ga­janan Na­garsekar (ECG us­ing an an­droid smart­phone); Vish­was Dat­ta­traya Joshi (Tech­nol­ogy plat­form for pro­duc­ing pro­teins and vi­ral ther­a­pies); Lavaku­mar Kup­pan (Low cost au­to­mated web se­cu­rity so­lu­tion); Dr R. Thomas (Hur­dle tech­nol­ogy for pro­cess­ing of shelf sta­ble meat prod­ucts); G. Madan Mo­han Reddy (Low cost so­lar par­a­bolic dish con­cen­tra­tor); Ra­jat Gupta (Ad­vanced PCM heat ex­changer for cold stor­age); Ut­tam Ban­er­jee (Low cost, no con­sum­able wa­ter­less uri­nal tech­nol­ogy); Kr­ishna Sai Inkoolu (Vis­ually chal­lenged er­gonomic footwear); K.P. Ash­win Kr­ishna (So­lar boiler us­ing lin­ear Fres­nel tech­nol­ogy for process heat); Ravin­der Van­nam (Con­vert­ing shut­tle loom to rapier loom): Bi­plap Ke­tan Paul (Bhun­groo – both wa­ter­log­ging and ir­ri­ga­tion so­lu­tion); Dr Ra­jdeep Pavaskar (Broad spec­trum root canal fill­ing com­po­si­tion for en­dodon­tic us­age); Shi­tal S. Palaskar (Mul­ti­func­tional fin­ish­ing of tex­tiles us­ing eco-friendly ma­te­rial); Vikrant Vaidya (Med­i­cal di­ag­nos­tic test kit); Dr Shaon Roy Chaudhri (Nutrient se­ques­tra­tion from waste wa­ter and re­use); Dr Vibha Tri­pathi (Swa­jal: smart wa­ter sta­tion); Arun Shenoy (Geo­ther­mal cool­ing tech­nol­ogy); Dr A. Gnana­mani (Bio-ad­he­sive); Sud­hir Reddy (Pest-re­pel­lent food pro­tect­ing sheets); Dr S.K. Dhawan (Smart coat­ings for cor­ro­sion pro­tec­tion); Dr Cyja Jose (As­sisted res­pi­ra­tion); Ayin Agar­wal (Car­dio Track – re­mote ECG di­ag­nos­tics); Dr Gay­athree Mo­han (Emer­gency labour cot); Jaspreet Singh (Ul­tra-light weight elec­tric as­sist bike); Sau­rabh Sri­vas­tava and Keyur So­rathia (ICT in­ter­ven­tion to em­power ma­ter­nal health care); Aru­mugam Mu­ru­ganan­dam (Com­pan­ion di­ag­nos­tics for di­a­betes man­age­ment); D.B. Prabhu and Ru­pal Fa­dia (E-wa­ter re­cy­cling and metal sep­a­ra­tion plant); Dr E.C. Thomas (Mos­quito breed­ing dis­rup­tive de­vice); and Sathyavrathan Pathan­jali (Re­dox en­gi­neer­ing for 3-hy­dro-oxypro­pi­onic acid).

An over­joyed Ga­janan Na­garsekar said the pro­gramme would help the in­no­va­tors fur­ther. “I think we will ben­e­fit from the IC2 UT Austin’s Global Com­mer­cial­iza­tion re­view and fine tun­ning of our mod­els es­pe­cially to pen­e­trate the mar­ket. Also, lever­age the brand to as­so­ciate with strate­gic part­ners across the globe.” So also the Stan­ford school plat­form to pitch at TiE and con­nect to other VC plat­forms will help the com­pany gain at­ten­tion and in­vest­ment if re­quired for fur­ther growth and im­por­tantly to en­ter US and In­ter­na­tional mar­kets, he added.

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