FICCI Centre for Technology Commercialization

Connecting Mind to Market™

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DST- Lockheed Martin India Innovation Growth Programme (1/2)

• Launched in March 2007 jointly by the Lockheed Martin Corporation, FICCI and the IC2 Institute, University of Texas at Austin

•DST and Indo-US S&T Forum became Programme partners in November 2008

•DST-LMP IIGP is a nation wide Programme to accelerate new innovative Indian technologies in the global market

•The Programme offers participants a number of training , educational and commercialization opportunities

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DST- Lockheed Martin India Innovation Growth Programme (2/2)

•2000 applications received and evaluated under the Programme so far

•Training on Commercialization Strategies provided to 350 innovators and

Advanced training in Technology Commercialization Strategies, Venture

Formation, Venture Finance, Technology Marketing, Competitive Technical

Strategies, and Presentation Skills provided to 200 innovators

•Over 175 Business Engagement Agreements signed so far under the Programme

linking innovators to industry partners, venture capitalists and government

funding organizations

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Economic Impact

•A recent independent survey conducted by Datamonitor on participants of 2007

to 2010 shows:

•The cumulative revenue generated during 2007-10 amounted to more than

INR 350 crores

•Many companies received funds from government organizations like

Technology Development Board, Department of Scientific & industrial

Research , Small Business Innovation Research initiative etc.

•Some participants have already established overseas offices and few are

looking forward to establish new offices outside India in near future

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Programme Process

Healthcare, 62

Incomplete , 31

Homeland Security, 5

Herbal, 23

Environment & Energy, 112

Electronics, 89

Education, 28

Biotechnology, 26

Agriculture, 22

Chemicals, 13

Automobile,16

Aeronautics & Defense, 22

Telecom, 5

Materials , 22

Mechanical, 37

Medical, 56

IT & Software , 31

Others, 198

DST- LM IIGP 2011: Technology Coverage

Pune

Mumbai

Bangalore

Hyderabad

Chennai

Delhi NCR

Kolkata

0 20 40 80 60

37

12

79

36

68

71

82

DST- LM IIGP 2011: City-wise Coverage

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Programme Benefits

•Training in technology commercialization strategies and entrepreneurship

•“Quicklook report “ - a detail market analysis study to determine the commercial

potential of the technology

•Participation in a technology competition judged by an international panel of

experts

Shortlisted Participants

•Professional business development assistance

•Access to US and global markets

Programme Finalist

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Our Unique Approach (1/2)

•Extensive road shows by FICCI across India to educate technopreneurs about the

several aspects and benefits of technology commercialization leading to a sharp

rise in the number of applications received from 102 in 2007 to 950 in 2011

•Teaching best practices on innovation, creativity and capital by subject matter

experts from the IC2 institute enabling innovators to translate “knowledge into

wealth”

•Conducting an in-depth market analysis of the technology through a process

called “QuickLook Report” enabling the innovator to work on the strengths and

weaknesses of his technology and devise an appropriate market strategy

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Our Unique Approach (2/2)

Helping innovators reach out to extensive global and national markets by way of:

• Working closely with 79 Joint Business Councils of FICCI worldwide

• Time proven Industry-Academia-Government linkage

• Strong IC2 network in the US and European markets

• FICCI’s direct membership from the private as well as public sectors,

including SMEs and MNCs, and an indirect membership of over 83,000

companies from regional chambers of commerce

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Case Study Technology

Nano Ganesh

Innovator

Mr. Santosh Ostwal. Ossian Group, Pune

Value-Add

• Pilot project in UP with the help of IFFCO

• Discussions with Jain Irrigation Systems for scaling up the technology

•Nano Ganesh was recently honored as a Tech Award Laureate, 2011 in the Economic Development category at the Tech Museum from San Jose, CA,USA.

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Mr. Santosh Ostwal says:

Various activities under the DST Lockheed Martin IIGP like Entrepreneurship training program, expos, partnership agreements and FICCI’s unending support helped us to build a strong technology commercialization platform. In all, this boosted our aspirations ten times than before. It expanded our vision and build a huge confidence among our team to scale up Nano Ganesh technology in massive way in least period.

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Case Study Technology

Innovator

Value-Add

Slow Release Micronutrient Fertilizer

Dr. (Ms.) Chandrika Varadachari, Raman Centre for Applied and Interdisciplinary Sciences, Kolkata

•Engagement agreement with Sowbhagya Amino Inputs Pvt. Ltd., Hyderabad

• Engagement agreements signed with Chakradhar Chemicals Pvt. Ltd., Muzzaffarnagar, Aries Agro Ltd, Mumbai and Reliance Industries Ltd, Gurgaon

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Dr. (Ms.) Chandrika Varadachari says:

“In a nutshell, the India Innovation Growth Programme has transformed the way the world looks at my innovation. It has served as the launching pad for my innovation to be thrust from the murky depths of obscurity and frustration to the heights of international acceptance and recognition.”

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Thank You