1 the lockheed martin india innovation growth program
TRANSCRIPT
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The Lockheed Martin India Innovation Growth Program
www.IndiaInnovates.in
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Program Goal
Accelerate the commercialization of early stage Indian technologies into global markets.
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Program Partners
Organized and managed by FICCISponsored by Lockheed Martin Co.Technical support provided by IC2 Institute at the
University of Texas at Austin
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About FICCI
Setup in 1927, Federation of Indian Chambers of Commerce and Industry (FICCI) is the largest and the oldest apex organization of Indian Business.
FICCI provides Business Houses an interactive platform to share their concerns, strengths and offerings.
FICCI provides collaboration and networking opportunities between corporate and govt.
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FICCI Membership
Corporate Members (60)Associate Members (1300)Member – Bodies i.e., Chambers and
Associations (361)Joint Business Councils (200)
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FICCI TIME IS Project
TIME IS – Aims at assisting investors and technology entrepreneurs to find technology projects, funding options and information about investments policies, incentive schemes and industrial infrastructure available in India.
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Two Global Fora on Business Incubation
1st Global Forum on Business Incubation – Creating Conditions for Innovation, October 14-19, 2004, New Delhi
2nd Global Forum on Business Incubation – Empowering Economies through ICT, Innovation and Entrepreneurship, November 6-10, 2006, Hyderabad
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International Conferences on R&D in India
1st International Conference on “India R & D 2005 – A Knowledge Hub of the Future”, November 7, 2005, New Delhi
2nd Global Conference & Exhibition on “India R&D 2006 - Mind to Market”, December 5-6, 2006, New Delhi
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IC2 Institute
IC2 Institute is composed of several organizations - Global Commercialization Programs - Bureau of Business Research - Austin Technology Incubator - Master of Science in Science & Technology Commercialization (MSSTC) - Commercialization Research IC2 Institute’s Global Reach with offices in
countries like Mexico, Poland, Canada, Australia, India, Kazakhstan
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Successful Experiences in Austin
Austin Technology Incubator– 20 years– 150 companies launched– $1.5 Billion in revenues generated– $720 Million in investor capital raised– 10,000 Jobs created
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Successful Experiences in Poland
Poland– 2.5 years– $300 Million in growth for the Polish economy– 2 technology business incubators created
• 14 ventures launched– 200+ technologists and entrepreneurs trained in technology
commercialization– Commercial deals developed for 84 US and Polish companies– Venture Capital attracted to 3 technologies– Graduate-level degree program in technology commercialization,
55 students graduated and studying
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Poland Examples
Bio-medical– Polish device company received $500,000 Round A
venture funding
Communications– American cell phone equipment manufacturer found
numerous Polish suppliers. Launched new company in Poland.
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Successful Experiences in Mexico
Mexico– 300+ early-stage technologies assessed– Technology assessment and commercialization training for 150+
technologists and entrepreneurs– Accelerated commercialization for 10 technologies– Established Technology Business Accelerator (TechBA) at ATI
for Mexican technology companies• Created $10 Million in sales opportunities in first 6 months
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Mexico Examples
Educational– Mexican educational software company partnered with
American firm for $9 million in sales
Enterprise Software– Mexican software firm partnered with major American
software supplier to win $2 million contract with automotive supply company.
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Program Description
2-year, nation-wide programCompetitive selection processOpen to all Indian innovators
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Broad Range of Technical Sectors
Aeronautics
Agriculture
Biotech
Chemistry
Communications
Computing
Defense
Electronics
Environmental
IT
Manufacturing
Marine
Materials
Medical / Life Sciences
Nanotech
Petrochemical
Semiconductors
Transportation
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Participant Benefits Business development engagement with IC2 Institute,
University of Texas, USA and interaction with leading investment firms from USA*.
Access to global market opportunities* Access to program partners No cost to participate! World class training from IC2 Institute
– Commercialization strategies– Entrepreneurship
Commercial potential analysis of innovation by International Experts
Participation in Innovation Competition (judged by international panel of experts)
* For a limited number of participants
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Program Mechanics
2nd ScreeningApply to Program 1st Screening Commer’l
Workshop
QuickLookAnalysis
EntreprenWorkshop
Innovation Competition
BusinessDevelopment
1 2 3 4
5 6 7 8
GlobalMarkets
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Program Mechanics
2nd ScreeningApply to Program 1st Screening Commer’l
Workshop
QuickLookAnalysis
EntreprenWorkshop
Innovation Competition
BusinessDevelopment
1 2 3 4
5 6 7 8
GlobalMarkets
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Program application deadline is 31 March!
Apply today!
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Program Schedule
If necessary….
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Learn More @ www.IndiaInnovates.in
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How to Apply
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Contact Us
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Question and Answer Session
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Thank You!
www.IndiaInnovates.in