#DST-Lockheed Martin-Tata Trusts

[technoparktbi]

Roadshow for the DST-Lockheed Martin-Tata Trusts India Innovation Growth Programme (IIGP) 2.0 at the Kerala Startup Mission, Kochi

Roadshow for the DST-Lockheed Martin-Tata Trusts India Innovation Growth Programme (IIGP) 2.0 at the Kerala Startup Mission, Kochi

We invite you to a roadshow for the DST-Lockheed Martin-Tata Trusts India Innovation Growth Programme (IIGP) 2.0 at the Kerala Startup Mission, Kochi on 10th May 2018, 10 AM onwards.    Register for the roadshow at https://www.myeventgateway.com/event/view/943/895  RSVP: https://goo.gl/forms/bhmk4rYnq8vgr6xn2  A unique tripartite initiative of the Department of Science and Technology (DST),…

[biotechtimes]

Promising tech startups get grants worth Rupees 6 crore

New Post has been published on https://biotechtimes.org/2019/07/18/promising-tech-startups-get-grants-worth-rupees-6-crore/

Promising tech startups get grants worth Rupees 6 crore

By Jyoti Singh

New Delhi, July 18: Sixteen promising startups and 20 teams of university students have been given grants totaling Rupees six crore by the India Innovation Growth Programme (IIGP) – a joint initiative of the Department of Science and Technology (DST), Lockheed Martin and Tata Trusts.

The winners were chosen from over 2400 applicants who presented innovations that aim to bring large scale social impact and industrial transformation in the country. Each startup awardee gets a grant of Rs 25 lakh, while university teams get Rs 10 lakh each to further develop and mature technology solutions proposed by them.

“We have thoroughly planned how to go ahead from start-up to scale up. If company partners with a startup, then DST will also partner with it and extend a matching grant to help it scale up,” announced DST secretary Prof. Ashutosh Sharma while speaking at India Innovation Growth Program 2.0 award function.

Prof Sharma urged that the number of participants participating this year should be doubled next year. The government is coming up with startup centres worth Rs 150 crore each to help startups access resources, especially hardware. Three centres will be launched this year and the number of such centres will be scaled up gradually to 20.

The innovation award scheme is being implemented by the Federation of Indian Chambers of Commerce and Industry (FICCI), Indo-US Science and Technology Forum (IUSSTF), Centre for Innovation Incubation and Entrepreneurship (CIIE) at IIM Ahmedabad and the Indian Institute of Technology Bombay.

Smart stethoscope for early diagnosis of lung and heart diseases is of the innovations awarded under the Open Innovation Challenge category.

“We have attached a smart device to normal stethoscope. This will help diagnose heart and lung diseases in early stages. The device is attached with an app to record the heart and lung sounds and it can pick up abnormalities that can help in early diagnosis. It is so simple that health workers can use it,” explained Adarasha K of IIT Bombay co-founder of Ayu Devices while speaking with India Science Wire.

It is being used by health workers in Gujarat and Maharashtra.

Siddhant Dangi and Ujjawal Kumar Jha from BITS Pilani have used Brain-Computer Interface (BCI) to develop prosthetic arms that can operate with ‘mind signals’.

Other winning teams come from Siddaganga Institute of Technology, IIT-Madras, IIT-Bhilai, IIT-Kharagpur, IIT-Kanpur, Academy of Scientific and Innovative Research (ACSIR), Visvesvaraya National Institute of Technology, Shoolini University of Biotechnology and Management Science, SRS, ICAR-National Dairy Research Institute, Chitkara University, BITS Pilani, SKUAST Kashmir and Veer Surendra Sai University of Technology.

The winners in the ‘Open Innovation Challenge’ category  are Astrogate Labs, Ayu Devices, BeAble Health, BiolMed Innovations, BNG Spray Solutions, C Electric Automotive Drives, CogniABle, CyCa Oncosolutions, Kanpur Flowercycling, Nubewell Networks, Ossus Biorenewables, Tan90 Thermal Solution, Terero Mobility, Unbox Robotics, Varta Labs and Vidcare Innovations. NoPo Nano Technologies, Sastra Technologies and Terero Mobility have signed MoUs with Lockheed Martin for helping them scale-up. (India Science Wire)

[cryptswahili]

India Innovation Growth Programme 2.0 To Invest $2 Mn In Startups

The Department of Science and Technology (DST), Lockheed Martin Corporation and Tata Trusts announced an investment of $2 Mn (INR 14.2 Cr) for social and industrial innovations under the India Innovation Growth Programme 2.0 (IIGP 2.0).

The announcement was made during the launch event of IIGP 2.0, held in Guwahati on February 19.

The India Innovation Growth Programme was launched by the central government’s DST, along with Lockheed Martin and is one of the longest standing public-private partnerships in the country.

The programme then updated itself and was joined by Tata Trusts and rebranded as IIGP 2.0 in 2017. The programme is focused on accelerating industrial innovations and those which can make a strong social impact.

Citing Anita Gupta, adviser and associate of the programme, media reports claimed that the programme is “one-of-its-kind collaborative initiative” in India which will provide guidance, business development and funding of the growing startups.

The 2019 edition of the programme will help accelerate startup working in different sectors such as artificial intelligence, robotics, healthcare, water, energy, life sciences, civic issues, infrastructure, biotechnology, communications including automotive, enterprise and space technology.

What Is IIGP 2.0?

In line with the government’s mission to develop the startup ecosystem and encourage the budding entrepreneurs, IIGP 2.0 is aimed at enhancing the innovation ecosystem in the country by helping the innovators and entrepreneurs to develop technology-based solutions for the future.

According to its official website, the programme has till date provided mentoring and assistance to over 400 innovators coming from diverse sectors across India. It has also helped in generating over 350 commercial agreements and over $900 Mn (INR 6, 404 Cr) of economic value for the country.

The programme supports innovation through two annual events — University Challenge and Open Innovation Challenge.

The funding amount remains the same from last year as the programme partners had invested $2 Mn (INR 14.2 Cr) to support entrepreneurs working across various fields like agriculture, healthcare, water, energy and life sciences.

Foreign Companies Betting On Indian Innovation Space

Earlier this month, it was reported that, UK-based global talent investor and accelerator, Entrepreneur First (EF), had forayed into India by setting up its headquarters in Bengaluru. The accelerator which focuses on deeptech technologies such as artificial intelligence, Quantum Computing, AR/VR, Robotics etc had also launched a cohort of 50 founders for its programme.

Last month, UK-based engineering company Rolls Royce’s acceleration hub R2 Data Labs had announced its plans to launch accelerator programme in Bengaluru with an aim to provide mentoring and technical support to startups working across areas such as advanced analytics, artificial intelligence (AI), Internet of Things (IoT), blockchain, quantum computing, autonomous and sensing.

In September 2018, US-based technology company Cisco had announced to increase its investments for the second phase of its Country Digital Acceleration (CDA) programme in India.

Last year, it was reported that US-based seed accelerator and incubator Techstars launched its accelerator programme in India with a focus on hardware and software technology sectors.

[The development was reported by ET]

The post India Innovation Growth Programme 2.0 To Invest $2 Mn In Startups appeared first on Inc42 Media.

[Telegram Channel | Original Article ]

[m-n-a-critique]

Tata Trusts to invest in socially relevant start-ups

#TataTrusts to invest in socially relevant start-ups

Moving from just aiding non-government organisations (NGO) to funding ‘socially relevant’ startups, Tata Trusts in association with Department of Science and Technology (DST) and Lockheed Martin would invest around $20 million over a period of 10 years in new companies.

The partners intend to invest $2 million annually through the India Innovation Growth Programme (IIGP) 2.0, including provisions…