Thirty innovation-led start-up ventures were acknowkedged and felicitated recently under the 10th year of the DST-Lockheed Martin India Innovation Growth Programme. The innovation awards were presented by Mr. Amitabh Kant, Chief Executive Officer, NITI Aayog.
With the government’s emphasis on creating a better ecosystem for start-ups in the nation, India is rightly poised to drive the next entrepreneurship wave. Hence it is imperative to create a conducive ecosystem that not only nurtures creativity and innovation but also provides market opportunities to the new age entrepreneurs. The DST-Lockheed Martin India Innovation Growth Programme (IIGP) is one such unique initiative that provides the much-needed support to upcoming start-ups.
The Programme has been a pioneering initiative that has supported more than 400 innovators, start-ups with in-depth technology commercialization training and handholding support to commercialize and scale their ventures in India and across the world. The Programme has facilitated access to capital, industry partnerships and resources sought by the entrepreneurs.
Followed by a good awareness campaign spreading across 100 cities in India, the Programme has received and evaluated over 7000 ideas so far. In addition to building entrepreneurs, more than 50 incubation managers from India have been trained in the US on global best practices on incubation and commercial viability.
The Programme is a unique public-private partnership initiated in 2007 between Government of India’s Department of Science and Technology; Lockheed Martin Corporation; Indo-US S&T Forum; FICCI; Stanford Graduate School of Business; IC2 Institute, University of Texas at Austin and TiE Silicon Valley. Each partner brings a distinctive value to the programme with a common objective of fostering innovation driven entrepreneurship in the country.