NEWS

50 agreements signed as part of innovation Programme
webindia123.com, 29th September, 2011

As part of the DST-Lockheed Martin India Innovation Growth Programme, as many as 50 commercialisation agreements were signed today by the winners of this nation-wide initiative. The deals signed at the Trivandrum Technology Expo included some signed with multinational companies, placing the winners on a global platform, an official press release said here. Many of the programme winners signing the commercialization deals had technologies that dealt with energy and environmental initiatives. These included Sellector Systems LLC, a scalable, high precision, low cost, Solar Tracking and Concentrating Platform termed the Sollector Dish, Wifinity s Enterprise Energy Management System, which seamlessly forms an intelligent network of physical assets to ensure operation at maximum efficiencies, and Dr Vankar/ IIT Kanpur new filtering technology called Rampad. It consists of six components which together save operational expenses of frying oil, while improving the health, smell, and quality of foods. Rampad specifically improves the life of cooking oil by 25 per cent or more. Lockheed Martin Corporation along with the Department of Science and Technology, Government of India, FICCI, Indo-US Science and Technology Forum and the IC2 Institute released an Compendium of Technologies for the DST-Lockheed Martin India Innovation Growth Programme. The report compiled by Datamonitor examines the key trends of DST-Lockheed Martin India Innovation Growth Programme (IIGP), detailing the End-User sectoral classification of total selected technologies from 2007-2011. It also provides a regional break-up of the selected technologies with the highest number (40 per cent) coming from South India. Per the end-user industrial classification for the period 2007-2011 the maximum number of technologies (18 per cent) is from Pharmaceuticals and Heathcare, followed closely by Technology & Services (17 per cent). Energy & Utilities and Environmental and waste Management Services are next with 12 per cent and 8 per cent respectively.