DST-Lockheed Martin India Innovation Growth Programme - 20 Innovators Awarded at the Patna Technology Expo
The DST-Lockheed Martin India Innovation Growth Programme (IIGP),now in its 7th year, continues to provide a platform for nurturing innovation in the country, which can be seen in the rapid rise of applications—from 107 in 2007 to almost 1000 in 2011
Online, December 8, 2013 (Newswire.com) - The DST-Lockheed Martin India Innovation Growth Programme (IIGP), now in its 7th year, continues to provide a platform for nurturing innovation in the country, which can be seen in the rapid rise of applications—from 107 in 2007 to almost 1000 in 2013. The quality of innovations received has also improved tremendously resulting in the number of award-winning technologies doubling from 15 to 30 starting in 2011. The 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.
The India Innovation Growth Programme, launched in March 2007, aims to enhance the growth and development of India's entrepreneurial economy. The goalof this Programme is to accelerate innovative Indian technologies into markets in the United States and around the world. The India Innovation Growth Programme is the only programme of its kind because of its focus on teaching and using world-class commercialization strategies. Since its introduction in India, the Programme has received an overwhelming response from innovators, inventors, scientists, and researchers working across diverse sectors throughout India.
Tospread awarenessabout the program and its objectives on a pan-India basis, a technology exposition was recently organized in Patna where 25 of the programme winners displayed their innovations. Cash awards of Rs. 1lakh each were given to 20 innovators at the Expo. In addition, several business deals were announced with Indian and international partners.
Some of the deals were with the following organizations:
IIT Madras has successfully obtained a Joint Industry program with Reliance Industries, Jamnagar which is also the world's largest oil refinery at a single site.GuMPS is a sensor which has the potential of detecting any kind of leaks or damages, predominantly corrosion in long range industrial pipelines. It has been developed by DeTect incubated at IIT Madras. The sensor also claims to have the capability of predicting these damages in advance, so as to prevent any catastrophic damage to man and environment. It has been proved that the sensor can work efficiently at various range of temperatures (from