Tue, Feb 28, 2017 | updated 07:11 AM IST

45 business agreements announced under 'DST-Lockheed Martin India Innovation Programme'

Updated: Oct 15, 2016 11:46 IST

New Delhi [India], Oct 15 (ANI-BusinessWireIndia): More than 20 winners of the India Innovation Growth Programme showcased their technologies at the Bengaluru Technology Expo.

These included technologies from Bengaluru like SpeedLink, a portable Wi-Fi router that combines up to eight different cellular networks (2G, 3G, 4G) from any vendor and provides the sum of all the bandwidth capacities as one super-fast Internet connection and a portable, intelligent, non-invasive, non-mydriatic, low cost Fundus camera (eye care device) that helps in pre-screening of five eye diseases namely cataract, diabetic retina, glaucoma, cornea issues as well as refractive index measurements.

The Bengaluru Technology Expo was inaugurated by Priyank Kharge, Minister of IT, BT and Science and Technology, Government of Karnataka. During his keynote address the Minister lauded IIGP has the longest private-public partnership and stressed the need for more such initiatives. Kharge also said that, "Bengaluru remains the number-one innovation eco-system in India." He added that development was not just about an idea, but making ideas and innovation happen.

IIGP enables Indian innovators and startups to get connected to industry partners not only in India but across the globe. 12 innovators were taken to Silicon Valley during September 25-30 this year to provide them an exposure to the global innovation ecosystem and get on an accelerated commercialization path.

Subsequently, Swati Tiwari of Arcturus Business solutions, a Noida based startup was connected to Texas based Austin Energy who recently tested the solution developed by Arcturus for inspecting power transmission lines from the air using drones and breakthrough imaging software.

Several awarded startups also participated in an Indian innovation led start-ups to Nairobi organized by FICCI earlier this year. As a consequence of the visit, one of the awarded companies under the IIGP viz.

Aakar Innovations which has developed low cost biodegradable sanitary napkins has signed MoUs for partnership with Banapads from Uganda; Zana Africa from Kenya and Dreamline Business Centre from Kenya.

45 international and domestic business agreements were announced at the event with leading industry partners under IIGP2016 including Saab Group, BAE System, TATA Housing and Austin Energy. The innovators also participated in an investors' meet to explore further opportunities for collaboration.

The IIGP has provided a platform for nurturing innovation in the country, as seen in the rapid rise of applications-receiving over 7000 applications since its inception. The IIGP focuses on a "Mind to Market" strategy by offering extensive training modules that are suitably structured to help participants gauge and streamline their existing capabilities, as well as formulate and implement appropriate business strategies.

With its emphasis on capacity building and technology commercialization, IIGP has helped several participants in their quest to find suitable business partners in India as well as internationally.

This has resulted in over 500 business engagement agreements being signed between innovators and industry partners/investors. The total revenue generated by the participating companies under the programme is USD 860 million.

Since the inception of IIGP, there are several innovators who are not only able to commercialize their technology but have also generated exports. In the period 2013 to 2015 the total export turn-over of the innovators was Rs. 181 crore (approx. USD 30million).

The India Innovation Growth Programme, launched in March 2007, was started with the objective of enhancing the growth and development of India's entrepreneurial economy. The aim of this programme is to accelerate innovative new Indian technologies into markets in the United States and around the world.

The India Innovation Growth Programme is the only programme of its kind because of its focus on teaching and using world-class commercialization strategies. Since its introduction in India, the programme has received an overwhelming response from innovators, inventors, scientists and researchers working across diverse sectors throughout India. (ANI-BusinessWireIndia)

New Delhi [India], Feb 27 (ANI): Finance Minister Pradeep Kumar Amat on Monday presented the State Budget for 2017-18 fiscal in the session of Orissa Legislative Assembly to review several new features after changes made in line with the Union Budget such as merger of non-plan and plan expenditure.

Full Story >>

New Delhi [India], Feb. 27 (ANI): Kritika Dahal, Director of Hongkong-based International Rising Limited was arrested by the Enforcement Directorate on charges of money laundering.

Full Story >>

Jaitley opens trading on London Stock Exchange

Updated: Feb 27, 2017 19:31 IST

London [United Kingdom], Feb.27 (ANI): Visiting Indian Finance Minister Arun Jaitley opened trading on the London Stock Exchange on Monday in the presence of British Member of Parliament and UK Secretary of State for International Trade Liam Fox, India's High Commissioner to the United Kingdom Y.K. Sinha and Pankaj Patel, President, FICCI.

Full Story >>

New Delhi [India], Feb. 27 (ANI): Subhrakant Panda, Managing Director, Indian Metals and Ferro Alloys Ltd and Jawahar Vadivelu, Chairman, Cameo Corporate Services Limited, have taken over as the President and Vice President of ICC India, respectively, at the conclusion of 86th Annual General Meeting of ICC India held here on Monday.

Full Story >>

New Delhi [India], Feb. 27 (ANI-BusinessWireIndia): Premium inner wear brand, Euro Fashion Inners, announced the launch of Euro Blaze, a new collection of men's brief that celebrates the Inner Fire and Passion of men that drives them towards higher goals in life.

Full Story >>

New Delhi [India], Feb. 27 (ANI): Droom, India's pioneering online automobile transactional marketplace, is riding high on the success of its Orange Book Value (OBV), an algorithm-based benchmark pricing engine, which has received over 100 million queries in 14 months.

Full Story >>

New Delhi [India], Feb 27 (ANI): In line with the company's continued effort to strengthen and professionalize its management for achieving accelerated growth and business excellence, Intex Technologies, one of the leading consumer electronics major, has appointed S P Subramanian as Assistant Vice President - Sales (Mobile) to further strengthen its mobile business.

Full Story >>

New Delhi [India], Feb. 27 (ANI): E-commerce major Paytm announced the launch of its Paytm Mall app on Android on Monday.

Full Story >>

Islamabad [Pakistan], Feb.27 (ANI): The Pakistan government has released over 430 billion rupees for different social sector development projects against a total allocation of 800 billion rupees, the Ministry of Planning release said Monday.

Full Story >>

New Delhi [India], Feb. 27 (ANI-BusinessWire India): Going past the revolutionary Indian Budget 2017, where I did find that some key government initiatives like capping the maximum cash donation to Rs. 2, 000, steps to avoid money laundering and so on are noteworthy, I did feel that Bullion Trade reforms that were the key to the survival of industry did not come through.

Full Story >>

New Delhi [India], Feb 27 (ANI): India's largest telecommunications services provider Bharti Airtel on Monday announced radical changes in its value proposition for domestic and international roaming as the customers will now be able to carry their numbers across India and the world and stay connected all the time without having to worry about high call/data charges.

Full Story >>

New Delhi [India], Feb. 27 (ANI): Bitcoin start-ups Zebpay, Unocoin, Coinsecure and Searchtrade jointly launched Digital Asset and Blockchain Foundation of India (DABFI) for the orderly and transparent growth of virtual currency market.

Full Story >>

New Delhi [India], Feb 27 (ANI-NewsVoir): Leading stand alone health insurer, Apollo Munich Health Insurance is expanding its footprint across the country with its latest bancassurance tie up with state-owned Dena Bank, to distribute customized health insurance and personal accident policies to the bank's 20 million customers nationwide.

Full Story >>

New Delhi [India], Feb. 27 (ANI-BusinessWire India): Vivek Chaand Sehgal of the Motherson Sumi Systems Limited (MSSL), the flagship company of Samvardhana Motherson Group (SMG), was today named the EY Entrepreneur of the Year 2016.

Full Story >>

New Delhi [India], Feb. 27 (ANI): Music streaming service Saavn, today announced its expansion into original music with the worldwide release of 'Azaad Hu Mai,' a genre-defining track from underground hip-hop artist, Naezy.

Full Story >>

New Delhi [India], Feb 27 (ANI): Global leader in payment solutions American Express on Monday announced the launch of Buyer Initiated Payments (BIP), an electronic payment platform linked to corporate card that reduces processing costs and offers extended payment terms compared to traditional invoice payments.

Full Story >>

New Delhi [India], Feb 27 (ANI-BusinessWireIndia): Purplle.com launched in 2012, grew to becoming India's largest beauty product and service destination in under five years. Founded by IITians Manish Taneja and Rahul Dash, it was created to make beauty products available in the deepest pockets of the country, at the most reasonable prices. Consistently delivering on this promise has made Purplle.com the most preferred beauty portal by buyers across the country.

Full Story >>

New Delhi [India], Feb 27 (ANI-NewsVoir): Seclore, the leader in Enterprise Rights Management (ERM), today announced the latest release of its flagship data-centric security Solution. New capabilities offered provide a more seamless experience for both the sender and recipient.

Full Story >>

New Delhi [India], Feb 27 (ANI): SHEROES, the world's largest community of women, today announced that it has entered into an alliance with Simplilearn, one of the world's leading certification training providers.

Full Story >>