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Sector Overview

DST-Lockheed Martin India Innovation Growth Programme:

Federation of Indian Chambers of Commerce and Industry (FICCI) jointly with the Lockheed Martin Corporation and the IC2 Institute at the University of Texas at Austin has launched the India Innovation Growth Programme in March 2007. The aim of the programme is to accelerate innovative new Indian technologies into the global markets and bridge the existing gap between the mind and the market. The programme received a qualitative boost with Department of Science and Technology (Government of India) and Indo-US S&T Forum coming on board to promote entrepreneurship in the country November 2008 onwards.

Advanced training in Technology Commercialization Strategies, Venture Formation, Venture Finance, Technology Marketing, Competitive Technical Strategies and Presentation Skills by subject matter experts has been provided to 220 Innovators so far.

Over 200 Business Engagement Agreements signed for till date. Based on the feedback received till date from IIGP selected technology participants of 2007–09, the cumulative revenue generated by them during 2007-10 amounted to more than INR 350 crores.

The program has provided strong platform for promoting innovative technologies in the marketplace. Several companies which got selected in the IIGPs received funds from government organizations such as Technology Development Board (TDB); Department of Science and Technology; Small Business Innovation Research Initiative (SBIRI); Technopreneur Promotion Program (TePP); and Department of Scientific & Industrial Research (DSIR) among others.

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DRDO–FICCI Accelerated Technology Assessment and Commercialization (ATAC) Programme:

In order to share the wealth of knowledge developed by the DRDO scientists with the industry for the benefit at large, DRDO and FICCI joined hands together in February 2009. The DRDO - FICCI ATAC programme aims to create a commercial pathway to deliver technologies developed by DRDO for appropriate commercial markets for use in civilian products and services. This programme is first of its kind to be undertaken by DRDO in association with FICCI to actively spinout several of DRDO’s technologies for appropriate commercial markets both nationally and internationally. In the very first year of operation of the programme as many as 26 DRDO labs across India participated and over 200 technologies were assessed under this programme by FICCI.

The technologies assessed varied from sectors as diverse as electronics, robotics, advanced computing and simulation, avionics, optronics, precision engineering, special materials, engineering systems, instrumentation, acoustic technologies, life sciences, disaster management technologies, information systems, etc.

Over 30 MoUs have been executed till date with leading industry players such as Jyothy Laboratories Limited, Gujarat Fluorochemicals Limited, Tulip Group of Companies, Vantage Integrated Security Solutions Private Limited and Calco Polychem Private Limited generating economic value of approx. USD 4.5 million for DRDO. A number of international Companies have shown interest in DRDO technologies for global solutions. The US company M/s Crowe & C0 has already signed an agreement for Explosive Detection Kit for international market.

Given the positive feedback from the industry and success of the program, a MoU was signed between DRDO and FICCI for entering into phase II of the program in May 2011 for a period of 24 months. Phase II of the program lays a special emphasis on socially relevant technologies developed by DRDO that can play a pivotal role in the lives of the people in India. Such technologies which can make a difference in the lives of the common man in terms of providing better healthcare facilities, enhances food security, generate employment, etc. have been stressed upon in Phase II of ATAC. To meet this end, technologies such as bio-digester, 95 technologies from food sector, HAPO chamber, optoelectronic biosensor for antibody based detection of bacteria in water samples have been included in the program.

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FICCI-TDB-USAID Millennium Alliance:

The United States Agency for International Development (USAID), Technology Development Board (TDB) and the Federation of Indian Chambers of Commerce and Industry (FICCI) are working together as founding partners, in collaboration with Indian private sector sponsors and other stakeholders, to establish the Millennium Alliance – an India-U.S. Innovation Partnership for Global Development. The Millennium Alliance is a platform to leverage Indian creativity, expertise, and resources to source and scale innovations being developed and tested in India that will benefit vulnerable populations across India and the world.

This is a joint commitment to recognize India’s role as a global innovation laboratory, by identifying, testing and scaling solutions that leverage private and public sector resources and expertise to address development challenges in India and around the world.

The Millennium Alliance is a partnership that will stimulate and facilitate financial contributions from private and public sector founders and stakeholders and offer support to competitively selected applicants through a range of vehicles appropriate to the funding sources, such as grants, loans, equity investments, credit enhancements, and technical assistance.

The Alliance will welcome proposals from entrepreneurs, NGOs, academics, the private sector, or others in any country for innovative solutions in India that can be scaled around the world.

The Millennium Alliance will be modeled on and contribute to USAID’s Development Innovation Ventures to deliver maximum development impact by focusing on cost-effective solutions, rigorous testing and evaluation, and transition to scale via public and private pathways.

This partnership complements the National Innovation Council’s ambitious agenda to create an innovation movement in India for growth and prosperity in the 21stCentury.

FICCI and USAID, working together, will bring additional contributions from other founders and stakeholders, with the goal of $50 million, to the partnership over the next ten months.

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