Tata Trusts, Lockheed and DST in innovation partnership

Tata Trusts have engaged with Lockheed Martin and the Department of Science and Technology (DST) for an initiative to “help start-ups and innovation.” This public-private partnership will invest in social and industrial innovations, train innovators in world- class commercialisation strategies, offer support for incubation and assist in business development.

The three entities are likely to invest $2 million annually, which may include seed money for the entrepreneurs to develop technology-based solutions which helps the society. Other new programme partners include the Massachusetts Institute of Technology (MIT), Indian Institute of Technology, Bombay and the Indian Institute of Management, Ahmedabad.