A farmers friendly Start-up, providing a unique disease resistance & health-care system for crops was among 30 innovative enterprises which got recognition and award from IIGP. The farmers friendly start-up will reach 500,000 farmers within 3 years.
Some of the innovations awarded included an innovative computer aided catheter reprocessing machine which is fully automatic and provides quality assurance as well as eliminates human error; a service innovation in automatic defect identification on live power transmission lines using unmanned aerial vehicle, imagery sensors and its data analytics among others.
The DST-Lockheed Martin India Innovation Growth Programme (IIGP) has so far supported over 400 innovators and start-ups with in-depth technology commercialization training and handholding support to commercialize and scale their ventures in India and across the world, particularly in the United States.
Celebrating 10 years of innovation led entrepreneurship on Friday in New Delhi, the IIGP recognised and applauded 30 innovation led start-ups.
Speaking at a IIGP function in New Delhi, Amitabh Kant, CEO Niti Aayog said, “ If India has to grow at a rate of 9-10 per cent, we must become a great innovative society. For this we need to re-engineer our entire education system and spread the innovation eco-system to our schools, colleges, IIT’s and IIM’s.”
Niti Aayog, under the Atal Innovation Mission is establishing 500 Tinkering labs in schools and 20 incubation centres across the country, he added.
About the IIGP, Kant said, India must use this platform to find the spirit of innovation and solutions to the problems of World. A coffee table book was also released depicting key milestones of the programme along with technologies developed by awarded companies over the last 10 years.
The IIGP has facilitated access to capital, industry partnerships and resources sought by the entrepreneurs. An impact assessment by Ernst and Young highlighted that the participating companies have generated economic wealth of over US$ 800 Million and have provided employment across different areas such as finance, strategy, operations and marketing.
Through a wide outreach campaign spreading over 100 cities across 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 commercialization.
A unique public private partnership initiated in 2007 between Government of India’s Department of Science and Technology(DST); 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.