DST - Lockheed Martin India Innovation Growth Programme 2011 Innovators’ Competition and Awards Function

NCT: Winners of the India Innovation Growth Programme 2011 will receive medals, certificates, and cash awards here tomorrow by Department of Science and Technology and Lockheed Martin. They will be given under the DST-Lockheed Martin India Innovation Growth Programme, which supports the commercialization of selected innovative technologies. It has resulted in significant business development for Indian start-ups, entrepreneurs, and subject matter experts. Based on the feedback received to date from IIGP selected technology participants of 2007-09, they generated cumulative revenue of more than Rs. 350 crores during 2010. For 2011, the same entities are expecting revenues of more than Rs. 490 crore.   The innovators were selected for their unique technology ideas that can be converted to commercial ventures in diverse fields such as environment, power, telecommunications, etc.