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NEWS
Lockheed Martin, IC2 Institute join on Indian
innovation program
Austin Business Journal , February 16,
2007
The IC2 Institute has landed an agreement to
help administer an Indian technology program funded by Lockheed
Martin Corp.
Bethesda, Md.-based Lockheed Martin (NYSE: LMT)
is establishing an Indian innovation program that will last two
years. The project will work with Indian businesses to launch early-stage
commercial technology across the globe.
The defense company tapped IC2 -- a University
of Texas institute that researches technology commercialization --
as its U.S. academic partner. The Federation of Indian Chambers of
Commerce and Industries is the project's other partner.
The program will choose about 30 Indian companies,
which will then participate in an entrepreneurship workshop developed
by UT faculty members. A final group of six companies will get more
intensive business training.
"Lockheed Martin is sponsoring this
initiative to demonstrate that we intend to be a corporate partner
with the government and industries of India for many years to come,
in many different ways," says Robert H. Trice, Lockheed Martin's
senior vice president of business development. "We will provide
all the funding for the India Innovation Growth Program and will
be inviting Indian technologists, researchers, inventors and entrepreneurs
to apply for participation, as we begin a structured search for
promising technologies with commercial applications on a global
scale."
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