1 The Lockheed Martin India Innovation Growth Program www.IndiaInnovates.in.

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Presentation transcript:

1 The Lockheed Martin India Innovation Growth Program

2 Program Goal Accelerate the commercialization of early stage Indian technologies into global markets.

3 Program Partners  Organized and managed by FICCI  Sponsored by Lockheed Martin Co.  Technical support provided by IC 2 Institute at the University of Texas at Austin

4 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.

5 FICCI Membership  Corporate Members (60)  Associate Members (1300)  Member – Bodies i.e., Chambers and Associations (361)  Joint Business Councils (200)

6 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.

7 Two Global Fora on Business Incubation  1st Global Forum on Business Incubation – Creating Conditions for Innovation, October , 2004, New Delhi  2 nd Global Forum on Business Incubation – Empowering Economies through ICT, Innovation and Entrepreneurship, November 6-10, 2006, Hyderabad

8 International Conferences on R&D in India  1 st International Conference on “India R & D 2005 – A Knowledge Hub of the Future”, November 7, 2005, New Delhi  2 nd Global Conference & Exhibition on “India R&D Mind to Market”, December 5-6, 2006, New Delhi

9 IC 2 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

10 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

11 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

12 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.

13 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

14 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.

15 Program Description  2-year, nation-wide program  Competitive selection process  Open to all Indian innovators

16 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

17 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 IC 2 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

18 Program Mechanics 2 nd Screening Apply to Program 1 st Screening Commer’l Workshop QuickLook Analysis Entrepren Workshop Innovation Competition Business Development Global Markets 9

19 Program Mechanics 2 nd Screening Apply to Program 1 st Screening Commer’l Workshop QuickLook Analysis Entrepren Workshop Innovation Competition Business Development Global Markets 9 Program application deadline is 31 March! Apply today!

20 Program Schedule  If necessary….

21 Learn

22 How to Apply

23 Contact Us

24

25 Question and Answer Session

26 Thank You!