India Innovation Growth Programme 2.0
The India Innovation Growth Programme (IIGP) launched in 2007, is a public-private partnership between 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 successfully completed its 10th year in 2016 and has been one of India’s longest standing public-private partnerships. In line with Government of India's push towards start-ups, the program has been revamped to address specific challenges faced by innovators and entrepreneurs in terms of scaling their innovations. Tata Trusts has joined the new program, branded as IIGP 2.0, with a focus on innovations that have strong societal impact and cutting edge industrial innovations.
The Programme has provided mentoring and handholding assistance to over 400 innovators coming from diverse sectors from across the country during the past decade with the help of partners including Federation of Indian Chambers of Commerce and Industry (FICCI), Indo-US Science and Technology Forum (IUSSTF), IC2 Institute at the University of Texas at Austin , Stanford Graduate School of Business and TiE Silicon Valley. The Programme has generated over 350 commercial agreements, and over $900M of economic value for India during the past decade. (Source: Second Impact Analysis Report by Ernst & Young in 2015).
IIGP 2.0 includes several new partners including the Tata Center for Technology and Design at the Massachusetts Institute of Technology (MIT), Center for Innovation Incubation and Entrepreneurship (CIIE) at Indian Institute of Management - Ahmedabad (IIM-A) and Indian Institute of Technology – Bombay (IIT-B).
IIGP 2.0 continues to nurture the Indian innovation ecosystem and contribute to the Government of India’s missions of “Make in India” and “Startup India” through a new tripartite partnership between Government of India’s Department of Science and Technology, Lockheed Martin and Tata Trusts. Tata Trusts through its Foundation for Innovation and Social Entrepreneurship (FISE) will accelerate and innovate selected innovators, to implement social innovations and provide infrastructure assistance to scale up. It aims to enable entrepreneurs to develop technology-based solutions for the betterment of society, as well as to accelerate innovative Indian technologies into the global marketplace through assisting incubation, teaching excellent commercialization strategies and providing elite business development assistance.
IIGP 2.0 now has two separate tracks viz. University Challenge and Open Innovation Challenge, each focusing on identifying and supporting both industrial and social innovations. Two annual parallel challenges will be run supporting innovations through:
- Phase A: Ideation
- Phase B: Innovation
- Phase C: Acceleration