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About India Innovation Growth Program (IIGP)

1. What is the DST-Lockheed Martin IIGP?
The DST-Lockheed Martin India Innovation Growth Program is a nation-wide project, created to enhance the growth and development of India's innovation and entrepreneurial economy. The program is equally funded by the Department of Science and Technology (Government of India) and Lockheed Martin Aeronautics Company, and has been developed with the assistance of the Indo- US Science and Technology Forum, the IC2 Institute at the University of Texas, and FICCI.
 
The program was launched in India in March 2007 and is currently running in its sixth year of operation.
 
2. What is the objective of the program?
The objective of the program is to bridge the existing gap between the mind and the market by connecting Indian innovators to the global marketplace.
 
3. Are there any specific sectors for which IIGP gives awards?
No, the program is not sector agnostic.
 
4. What are the benefits of applying to the program?
IIGP is a highly selective program that's looking for the most innovative technologies that India has to offer. Applicants who are selected to participate in the program can look forward to the following benefits:
Training in technology commercialization strategies and entrepreneurship.
Analysis of commercial potential of their technology.
Participation in an innovators’ competition judged by an international panel of experts.
Program finalists will receive the following additional benefits:
Professional business development assistance from FICCI and the IC2 Institute at the University of Texas at Austin.
Access to US and other global markets
5. What is the cost of participating in the program?
There is no cost to participate in the program.

Eligibility Criteria

1. Who can apply ?
Private Individuals
Local Private Entities
Governmental Entities
For - profit and non-profit educational institutions
Consortia of the above
2. Can I submit more than one application per year?
Yes, an innovator can submit multiple numbers of applications.
 
3. Can I reapply to the program if I submitted my application last year?
Yes, you can reapply to the program in case significant improvements have been made to the technology.
 
4. Can I reapply to the program if I have already been a medalist in the program?
Yes, you can reapply to the program but with a different innovation.

Application Procedure

1. How can I apply to the program?
Interested innovators must submit their application online at www.indiainnovates.in
 
2. Does my application necessarily have to be in English?
Yes
 
3. How will I know my application has been successfully submitted?
As soon as you submit your application, you will receive an auto generated email confirming successful submission of your application. You will also get a userid and password that will enable you to view and edit your application at a later date.
 
4. What if I don't receive a registration confirmation email?
If you submit the application on www.indiainnovates.in but still don’t receive a successful registration email within 20 minutes of submission, please send an email to innovations@ficci.com and we shall get back to you.
 
5. Can I also submit my application via email or post?
No, the applications can only be submitted online.
 
6. Can I edit my application once I have submitted the same?
Yes, you can edit your application using the userid and password generated upon submission of applications.
 
7. What is the next step once I successfully submit my application?
Once you submit your application, a joint team of experts from FICCI and the IC2 Institute at the University of Texas at Austin will evaluate your application.
 
8. What happens if my application gets shortlisted? How are the shortlisted participants informed?
Subject to your application evaluation, the shortlisted applicants will be informed through an email.

Evaluation Criteria

Your application will be evaluated on several parameters including:
Customer problem addressed
Competitive distinction vis-a-vis existing solutions
Development status
Status of intellectual property
Commercialization potential in terms of primary and secondary markets.
 
2. I have a great idea for a new technology. Am I a good fit for the program?
Yes, you may apply to the program.

Program Process

1. What is a Technology Validation Report?
A technology validation is a report compiled by FICCI and the IC2 Institute by interviewing subject matter experts to understand the uniqueness and technological & commercial feasibility of the innovations.
 
2. What is a QuickLook report?
A QuickLook report is a technology assessment process developed by the IC2 Institute that is designed to quickly and effectively evaluate the commercial potential of technologies.
 
3. What is an Entrepreneurship Workshop? How much does it cost to participate in the Workshop?
The top 50 selected innovators are invited to attend an intensive one week workshop that guides them through six key areas of technology commercialization and entrepreneurship. The complete cost of the workshop, including lunches on all days is sponsored by the programme sponsors. However, the innovators have to bear their travel and lodging costs.
 
4. What is the Innovators’ Competition? How many innovators are called to participate in the innovators’ competition?
The top 50 innovators present their innovations to a panel of judges comprising renowned technologists and commercialization experts from India and the United States. At the end of the competition, 30 medalists are announced.
 
5. What is professional business development engagement?
Top selectees receive personalized business development services from FICCI & the IC2 Institute at the University of Texas at Austin. Professional business development managers work with selected participants to develop and implement successful commercialization plans, connecting them with potential customers, investors or other partners in the United States and other locations.
 
6. What is a Business Engagement Agreement?
A Business Engagement Agreement is a bi-party agreement that defines the roadmap of discussions between the innovator and the prospective industry partner; venture capitalist; angel investor; etc. facilitated by FICCI or the IC2 Institute at the University of Texas at Austin as a part of the business development engagement.
 
7. What are Technology Expositions? Who can participate in these expos?
Two Technology Expositions are conducted each year to showcase the technologies awarded under the program and to announce the business engagements that result as a part of the business development carried out under the program. An invitation is sent to all awarded innovators since the inception of the programme to participate at the expo. In addition to this, senior government officials, leading industry players, venture capitalists, angel investors, incubators and media are invited.

IIGP Awards

1. How many awards are given per year?
30 awards are given each year.
 
 
 
 
 
 
 
 
 
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General Queries
Federation of Indian Chambers of Commerce and Industry
Federation House, Tansen Marg, New Delhi - 110001
Email : iigp@ficci.in
Technical Queries
Phone : 040-39594955 
 (Monday to Friday, 10 AM to 06 PM on all working days)
Email : info@indiainnovates.in
 
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