Seeking innovative ideas from Indian startups and university students, Lockheed Martin, the global aerospace and security giant, will open applications for its annual India Innovation Growth Programme (IIGP) Concentrating on innovative ideas.
Lockheed Martin wants to address specific challenges faced by innovators and entrepreneurs regarding the scaling-up of their innovations.
Launched in 2007, IIGP is a public-private partnership between the government of India’s Department of Science & Technology (DST) and Lockheed Martin Corporation. The goal of the programme is to build an innovation pipeline in India.
The programme completed its 10th year in 2016 and has been one of India’s longest standing public-private partnerships.
The applications for the programme will open on March 21 in the IndiaInnovates.in. Tata Trusts has also joined the new program. It has been rebranded as IIGP 2.0, with a focus on innovations that have a strong societal impact and also, cutting-edge industrial innovations.
The programme has two annual parallel challenges—the university challenge and the open innovation challenge. This is to identify and support industrial and social innovations in India through the stages of ideation, innovation and acceleration.
At Kerala’s national level hardware startup conclave held by Maker Village, the hardware electronic incubator, Phil Shaw, the Chief Executive of Lockheed Martin India said, “The programme is set up to identify the innovation that is taking place in India. From the ideas, an expert panel will select the best 10, and they will be going to the States each year to be exposed to the innovation ecosystem in the US.”
The programme is sure to be a boost for innovators all over India. With amazing benefits ranging from a mentorship granted by IIT Bombay to a boot camp in IIM Ahmedabad, and grants up to Rs 25 lakh.
Indeed this is an opportunity like no other for start-ups and university students to showcase their brilliance! You can catch updates here and here’s wishing you the best for the challenge
Want to be inspired by innovation, Check this out: Bengaluru Maker Faire: The Amazing Innovations by School Kids!