The DST-India Innovation Growth Program held its annual innovation competition and conducted entrepreneurship workshops in India.
Mar. 28, 2012, New Delhi, India: Fifty innovators from all over India gathered to present their innovations to GCG’s international panel of technology and business specialists, in the hopes that their technologies would be chosen as finalists for GCG’s India Innovation Growth program.
GCG received 813 applications for this year’s program, which were screened on the basis of technology validations, intellectual property status, and market potential. Fifty of these innovations were selected for the second stage of the program which entailed a week-long entrepreneurship workshop, followed by the final competition round, both of which took place last week. “The innovations we’ve encountered during this year’s competition have great potential. Our judges had a difficult time eliminating applicants, because the innovations were highly competitive.” said Valerie Hase, the India Innovation Growth program manager, who facilitated the competition.
The panel of judges comprised specialists from Lockheed-Martin, the Indian Department of Science and Technology, the Federation of Indian Chambers of Commerce and Industry (FICCI), and 3M. Prior to presenting their innovations to the panel, the competing innovators participated in a full week of GCG entrepreneur workshops.
One innovator, Siva Devireddy, Managing Director of GoCoop, said that the “entrepreneurship workshop was fantastic and has provided great insight and knowledge. I am sure this will be a major stepping stone as we move forward in our innovation journey.”
Sapna Behar, another innovator who developed a portable ENT endoscopic tool (used by doctors to examine the ears) and who is one of the thirty finalists, applied to the program after reading about it in the newspaper. She did not know what to expect upon applying, but she said, “we were completely impressed by the end of it. What was very impressive was the Quicklook report that we received from GCG, because it was compiled in a matter of two weeks, but the understanding in that report was what we would have gained in two years. And of course coming and making a presentation here to the panel has been extremely enlightening and I think it is leaving us energized for taking our product to the market next.”
GCG and its partner, FICCI, will provide the thirty finalists with six months of specialized business development and business training to assist them in commercializing their innovations in the global market. FICCI’s announcement of finalists has been published here.
Information on this year’s India program technologies and opportunities to implement these technologies is available through the GCG TechFinder site.
The Innovation Competition in the News: