DST-Lockheed Martin India Innovation Growth Program
Cumulative impact on the Indian economy of $814 million
Since 2006, the IC² Institute’s Global Commercialization Group has conducted a nation-wide technology commercialization program aimed at helping India’s early-stage innovators bring their new technologies to market in India and around the world. The program has benefited more than 1,000 Indian scientists, engineers, inventors and entrepreneurs across virtually every technology sector. GCG combines education and coaching, along with professional international commercialization assistance that has helped participating innovators generate more than $814.1 million in revenue. The program is funded by Lockheed Martin Aeronautics Company and the Government of India’s Department of Science and Technology (DST). GCG has partnered with the Federation of Indian Chambers of Commerce and Industry (FICCI) to deliver this and previous programs.
Download the Second Impact Analysis report on the program, as prepared by Ernst & Young.
XLr8 Andhra Pradesh Technology Accelerator
IC² launches new technology accelerator in India
In support of the initiative of the state of Andhra Pradesh to create a world-class technology innovation ecosystem, the IC² Institute’s Global Commercialization Group has launched the XLr8 Andhra Pradesh Technology Accelerator in the growing city of Tirupati. The initiative is multi-faceted, and includes training, advanced capacity-building for innovators and entrepreneurs, incubation and acceleration of tech companies into the global marketplace, mobilization of venture capital, and access to the extensive global commercial development networks of IC² and program partner the Federation of Indian Chambers of Commerce and Industry (FICCI). A GCG manager will reside in Tirupati for the first 17 to 36 months of the program.
The program is sponsored by the Andhra Pradesh Innovation Society. The Innovation Society has envisioned the program as a model for the state – a state with a goal of “an entrepreneur in every family” and the establishment of 100 new incubation facilities.
Hear GCG’s Glenn Robinson on IC²’s engagement with innovation in India.
For more information:
- Texas university to set up tech accelerator in Tirupati, Economic Times
- Texas varsity to start accelerator, Deal Street Asia
- GCG international programs