Texas CEO Magazine on “The Genesis of Austin’s Brand”

Texas CEO Magazine has published a look at the origins of Austin as a tech center, focusing on George Kozmetsky and the founding of the IC² Institute and the Austin Technology Incubator.

Austin Mayor Lee Cooke was on his way to give a speech when the mobile phone in his car rang. It was George Kozmetsky, the dean of the business school at the University of Texas. He asked Cooke to swing by.

“He came downstairs and I rolled down the window and asked, ‘Dr. Kozmetsky, what can I do for you?’” Cooke said.

“I need $300,000 from the City, and I need $300,000 from the Chamber and I’m either going to find $300,000 from the university or from the Kozmetsky Foundation,” Kozmetsky replied.

Cooke knew he didn’t have the authority to do it without the support of City Council, and he didn’t have authority from the Chamber of Commerce, although he had been its president a few years earlier. Nonetheless, “I said, ‘You have the $300,000 from the City and you’ve got the $300,000 from the Chamber.’” Cooke rolled up the window and drove off, and the Austin Technology Incubator (ATI) was born — the first technology incubator in Texas.

Read the full article:

The Genesis of Austin’s Brand, Texas CEO Magazine, July 10, 2017

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IC² Institute research awards

The IC² Institute will support 11 “Insight to Innovation” projects with seed research funds in the 2017-2018 academic year.

Designed to stimulate research by tenured and tenure-track faculty across UT Austin and to promote thought leadership in the disciplines informing entrepreneurship theory and practice, most projects involve direct collaboration with IC² Institute researchers. Some projects involve specific IC² Institute programs, such as the Student Entrepreneur Acceleration and Launch (SEAL) program. These “Insight to Innovation” grants are designed to accelerate research around innovation and entrepreneurship in topics of key interest to the Institute in the fields of science and engineering, economics, business, arts and culture, and social sciences. Research outcomes will include collaborative research publications and cutting-edge additions to IC² Institute training programs.

IC² Institute 2017-2018 research awards

The research projects to receive financial support are:

The Prospects for Solar Scale-up in India

– Joshua Busby, Robert S. Strauss Center for International Security and Law, LBJ School of Public Affairs
– Debra Dzwonczyk, Mitch Jacobson, and Greg Pogue, IC² Institute

Network Analysis of Entrepreneurial Ecosystems

– John Sibley Butler, Department of Management, Red McCombs School of Business; Department of Sociology, College of Liberal Arts, and Center for African and African American Studies, College of Liberal Arts

Mobile Media Entrepreneurship in China: A Glocalized Network Perspective

– Wenhong Chen, Department of Radio Television Film, Moody College of Communication

Promoting Rural Technology Entrepreneurship Abroad: Lessons from Field Experiments in Japan and Nepal

– David J. Eaton, LBJ School of Public Affairs; Department of Geography and the Environment, College of Liberal Arts; Department of Middle Eastern Studies, College of Liberal Arts; and Department of Integrative Biology, College of Natural Sciences
– David Gibson, IC² Institute

M&A as Entrepreneurial Exit: Motives, Decisions and Outcomes

– Melissa E. Graebner, Department of Management, Red McCombs School of Business
– Greg Pogue, IC² Institute

Evolving and Entrepreneurial Ecosystems in Emerging Economies
– Sirkka Jarvenpaa, Department of Information, Risk, and Operations Management, Red McCombs School of Business
– Elsie Echeverri-Carroll, IC² Institute

A Pilot Study on the Impact of Economic Development Incentives on the Texas Economy

– Nathan Jensen, Department of Government, College of Liberal Arts; and Business, Government and Society, Red McCombs School of Business

Identifying Opportunities in the Market: A Cognitive Investigation of Opportunistic Thinking in Emerging & Experienced Entrepreneurs

– Arthur B. Markman, Department of Psychology, College of Liberal Arts; Department of Marketing Administration, Red McCombs School of Business; and Human Dimensions of Organizations, College of Liberal Arts

Justifying Opportunities: Cultural and Discursive Resources Employed by Nascent Entrepreneurs

– Luis Martins, Chair of Department of Management, Red McCombs School of Business

Value Proposition Iteration Strategies Deployed by Student Entrepreneur Teams

– Clay Spinuzzi, Department of Rhetoric & Writing, College of Liberal Arts; Department of English, College of Liberal Arts; School of Information; and Human Dimensions of Organizations, College of Liberal Arts
– Greg Pogue, IC² Institute

The Distributional Effects of Economic Globalization on Political Risk

– Rachel Wellhausen, Department of Government, College of Liberal Arts; and Business, Government and Society, Red McCombs School of Business

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IC² to offer second FASTFORWARD small business training program


FASTFORWARD is a 10-week training program developed by the IC² Institute for Austin-based small businesses designed to accelerate business growth and maximize profit. Following the success of the 2016 edition, IC² and the City of Austin are excited to offer a second FASTFORWARD course starting in fall 2017.


Small business owners struggle to find the time, resources, and guidance to maximize growth opportunities. This hands-on program guides small business owners to:

  • Identify new business opportunities and revenue streams
  • Differentiate brand message, product, and delivery strategy for more effective reach
  • Develop financial models to enhance growth and funding opportunities
  • Increase the scale of their business

What makes this program different?

We understand your challenges! The FASTFORWARD Program brings entrepreneurs proven strategy for accelerating business growth, access to new sales channels, mentor resources, and peer-to-peer community. Watch a local business owner share her experience.

Information sessions

  • Monday, June 19 – 6:00 to 7:30 PM – please register
    Location: IC² Institute, 2815 San Gabriel St., Austin, TX 78705
  • Tuesday, June 20 – 3:00 to 4:00 PM
    Location: Economic Growth Business Incubator, 1144 Airport Blvd. Suite 260, Austin, Texas 78702
  • Wednesday, June 21 – 2:00 to 3:00 PM – please register
    Location: Greater Austin Asian Chamber of Commerce, 8001 Centre Park Drive #160, Austin, TX 78754
  • Wednesday, August 16 – 6:00 to 7:00 PM
    Location: IC² Institute, 2815 San Gabriel St., Austin, TX 78705

Important dates

  • Friday, June 30: application deadlineapply now
  • Tuesday, September 12: FASTFORWARD training begins

How to apply

See full program details on the City of Austin Small Business Program website, then apply online by the June 30, 2017 deadline.


“You’ll gain not only knowledge of your business and customer’s needs, but also a strong feeling of empowerment and enthusiasm. The FASTForward teachers and mentors are exceptional resources for business development, and I can’t speak highly enough of their commitment and support for your success.” – Lian Amber, BASSBOSS

“FASTForward is definitely worth the cost of the program. Honestly, I found this program to be priceless!” – Kristen Fields, mmmpanadas

“…the relationships that you build with your peers in the class, the additional mentors and other industry leaders are invaluable.” – Bianca Neal, ReRoute Music Group

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Institute names three new IC² Fellows

The IC² Institute is pleased to announce three new IC² Fellows on the occasion of our 40th anniversary.

The new Fellows are Dr. Nikhil Agarwal of the Andhra Pradesh Innovation Society, Dr. Darius Mahdjoubi of the University of Tehran, and Shri Harkesh Mittal of the Indian Ministry of Science and Technology.

Agarwal, Mahdjoubi, and Mittal join Mr. Nirankar Saxena and Dr. A. Didar Singh, both of the Federation of Indian Chambers of Commerce and Industry (FICCI), as the most recent additions to the Fellows.

Nikhil AgarwalDr. Nikhil Agarwal is currently serving as Chief Executive Officer for Innovation, Government of Andhra Pradesh. In 2014, India Prime Minister Modi urged Indian diaspora to return and serve their country. Nikhil answered the call, joining Andhra Pradesh Chief Minister Naidu’s administration to kickstart the statewide innovation agenda. Following the 2014 bifurcation of Andhra Pradesh (AP), Hyderabad, responsible for three-quarters of its GDP, was no longer part of AP, leaving them with a mostly agrarian economy. With such a dramatic shift in economy, Nikhil has been aggressively developing large scale innovation projects and the state’s start-up ecosystem. The Government of Rajasthan just awarded Nikhil their Innovation Award for “Excellence in Promoting Innovation in Governance”. Formerly, Nikhil was President and CEO of Cambridge Global Partners, an alumnus and lecturer of the University of Cambridge, alumnus and researcher of the University of Edinburgh, and lecturer at Virginia Tech. He has published over 70 research papers. Nikhil is founder of Entrepreneur Café, providing an impressive array of education and networking to its 35,000 participants. He’s founded businesses, advised firms and his work has been extensively covered in Forbes, CNN, BBC, and the New York Times. He writes a column in the Economic Times and Times of India, the most circulated English newspaper in the world. Nikhil has been an advisor to international think tanks including the World Entrepreneurship Forum, United Nations Global Alliance on ICT & Development. He has an unwavering commitment that the knowledge accessed through the internet be made available to all citizens of the world.

Darius MahdjoubiDr. Darius Mahdjoubi is an adjunct professor in the Faculty of Entrepreneurship of the University of Tehran and at the Industrial Management Institute in Iran. A mechanical engineer by education, he became active in the different stages of setting up new factories, from design to startup. This experience led him to become interested in the nature of technology and how technology creates change at the same time as it undergoes change. He completed an interdisciplinary Ph.D. on Knowledge and Innovation under the supervision of Dr. George Kozmetsky at UT Austin in 2004. His research work includes “Organizing Design Capabilities in Developing Countries” (Tehran, 1985), “The Mapping of Innovation” (Toronto, 1997), and “Action Business Planning” (at the IC² Institute, 2009). His most recent research focuses on the New Renaissance and integrative thinking and methodology.

Harkesh MittalShri Harkesh Mittal is Advisor to the Ministry of Science and Technology, Government of India, and head of National Science and Technology Entrepreneurship Development Board (NSTEDB). He has been instrumental in giving a new vibrancy to promoting the innovation and entrepreneurial acumen among a wide section of Indian entrepreneurs ranging from simple rural industries to high-end technological enterprises. His two-decade long association with the Government has coincided with the beginning of India’s economic liberalization initiatives. With his untiring efforts and personal initiative, Shri Mittal has made the innovation and entrepreneurship program of Department of Science & Technology a much sought after program by the individual entrepreneurs as well as by the industry and technological circles – not only in India but among the industrially advanced countries of the world. Shri Mittal has been instrumental in involving the private sector – both national and international – in the task of innovation and entrepreneurship development in India. Companies like Intel, TCS, Lockheed Martin, Boeing, P&G, The Economic Times, etc. have now been involved in this task and quite many of them are making matching contribution and are bringing world-class technology commercialization knowledge to India.

The IC² Institute Fellows are a network of established and emerging practitioners and scholars representing academia, business, and government regionally, nationally, and globally. IC² Institute Founding Director George Kozmetsky launched the network in 1977 and it has grown to include over 190 Fellows from a variety of academic fields and the public and private sectors. The Fellows are the intellectual center of the Institute’s transdisciplinary research and publications covering a broad range of scholarship to enhance the understanding of regional development at home and abroad.

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Over 80 years of Texas Business Review now available online

Bureau of Business Research announces new access to all articles going back to 1927.

In connection with the celebration of the 90th anniversary of the founding of the Bureau of Business Research (BBR) at The University of Texas at Austin, the Bureau is pleased to announce new digital access to the entire print run of articles published in Texas Business Review (TBR), one of the oldest and most influential business journals in the state.

The Bureau published Texas Business Review (ISSN 0040-4209) from 1927 until 2011, when it was discontinued for financial reasons. TBR articles were designed to turn academic business research into information that could be used by lay business owners and policymakers. TBR contained articles on a wide variety of issues but generally focused, in the last decade of its existence, on topics related to high technology, entrepreneurship, and international trade, especially with Mexico and Latin America.

TBR articles documented changes in the Texas economy over the decades and will be of interest to economic and business historians, students of Texas history, and others interested in the story of Texas.

To explore the Texas Business Review, please visit:

Full-text issues of the entire run of TBR are available through Texas ScholarWorks, the digital repository of the UT Austin Libraries.

Colleen Lyon, Scholarly Communications Librarian with University of Texas Libraries, and her team arranged to scan the entire back catalog of TBR as part of the Libraries’ Digital Projects program. Library staff digitized over 13,000 pages to complete the project.

– Bruce Kellison, Director, Bureau of Business Research

Texas Business Review December 1945 Texas Business Review, August 1951 Texas Business Review, May 1962

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BBR contributes to important new study on campus sexual assault

Bureau of Business Research Director Bruce Kellison and Research Scientist Matt Kammer-Kerwick were co-Principal Investigators on a groundbreaking campus climate survey of students at 13 UT System universities released this month that explored the prevalence of sexual assault and misconduct. The project, a collaboration between UT Austin’s Institute on Domestic Violence and Sexual Assault (IDVSA) and the BBR, is a multi-year effort to understand the prevalence of campus sexual assault and its economic effects on students.

For the initial climate survey, Dr. Kammer-Kerwick helped design the survey instrument, built the database of survey responses, and led the research team in analyzing the data. While the climate survey results contain some of the economic impacts felt by student victims, the more detailed series of on-campus interviews and focus groups and a four-year cohort study of UT Austin students are expected to reveal more qualitative and quantitative information on the costs borne by student survivors in the next phase of the research.

CLASE infographicThe Cultivating Learning and Safe Environments (CLASE) report is the most in-depth survey of sexual assault and misconduct ever undertaken by an institution or system of higher education in the U.S. Thirteen of the UT System’s 14 institutions participated in the survey in fall 2015 and early spring 2016. UT Health Northeast was exempted because it does not enroll enough students to protect their anonymity.

The full report, including an executive summary and an explanation of the study methodology is posted on the UT System’s CLASE website.

The survey is part of a $1.7 million multi-year study spearheaded by UT System Chancellor William H. McRaven and was conducted by UT Austin’s Institute on Domestic Violence & Sexual Assault, led by Director Noël Busch-Armendariz, Ph.D.

The study is groundbreaking because it 1) uses both qualitative and quantitative research data to better understand, address and reduce acts of sexual harassment, stalking, dating/domestic abuse and violence and unwanted sexual contact on UT campuses; and 2) includes a longitudinal component in which researchers will repeatedly survey a select cohort of students to help understand their knowledge, attitudes and experiences over the course of their college careers.

“If we want to understand and continuously improve our campus culture in order to facilitate student success, then we have to be open and honest about our students’ experiences beyond the classroom, no matter how uncomfortable it is,” McRaven said. “I’m pleased that UT institutions have numerous, effective programs to serve victims of sexual assault and misconduct, and with new knowledge, we can and must do better. The findings of this study shine a brighter light on sexual assault and misconduct that affects UT students and give us a deeper understanding of how to address these problems.”

More than 28,000 students voluntarily and confidentially participated in an extensive online survey. Of those, 26,373 were enrolled in academic institutions, and 1,853 were enrolled at health institutions. Reports for individual academic institutions are posted on the CLASE website; data for the health institutions are reported in aggregate to ensure the results are scientifically valid.

Survey questions focused on three main areas:

  • Students’ experiences related to sexual assault and misconduct on and off campus since their enrollment at a UT System institution.
  • Students’ perceptions of their institution’s responses to these issues.
  • The impact of these forms of violence on students, such as missed classes or work, depression or increased use of drugs and alcohol.

Students were asked to respond to questions based on their experiences since they became a UT student. Questions provided specific criteria for behaviors that constituted an act of sexual assault or misconduct.

Because sexual assault and misconduct often go unreported, particularly among college students, it’s critical to understand the extent of the problem, said Busch-Armendariz, an expert in interpersonal violence who also serves as UT Austin’s associate vice president for research.

“This research helps lift the cloud of silence that exists around these issues across the nation,” she said. “The CLASE findings equip UT institutions with a deeper understanding of all students’ experiences as well as how to take action around these complex issues, regardless of where these incidents occurred. The goal is to arm institutions with information so they can continue to improve the safety and well-being of students and remove barriers that stand in the way of educational goals.”

According to the results of the CLASE survey, the prevalence rates of various types of victimization are comparable to rates at other institutions nationwide. However, there is little comfort in being comparable in this context, Busch-Armendariz said. In fact, the CLASE survey is intended to do more than report prevalence – it is intended to provide greater insight into the dynamics of these incidents in order to drive meaningful change that leads to a reduction in incidents.

Across eight academic institutions and five health institutions (which enroll mostly graduate and professional students) key findings of the CLASE survey include:

  • At academic institutions, 10 percent of female undergraduate students and 4 percent of male undergraduate students reported being raped. At health institutions, 4 percent of female students and 2 percent of male students reported being raped.
  • Of the four types of sexual harassment perpetrated by faculty or staff, students most frequently reported harassment such as sexist remarks or being shown sexist material. At academic institutions, 15 percent of undergraduate female students and 10 percent of male undergraduate students said they experienced sexist gender harassment by a faculty or staff member. At health institutions, 19 percent of female students and 15 percent of male students reported sexist gender harassment.
  • At both academic and health institutions, the majority of victims of unwanted sexual contact and their perpetrators used alcohol and drugs at the time of victimization. In addition, the majority of victims of unwanted sexual contact had either a close relationship or were acquaintances with the perpetrator.
  • Most instances of unwanted sexual contact – which includes unwanted sexual touching, attempted rape and rape – occur off campus. For example, 84 percent of unwanted sexual contact incidents occurred off campus at academic institutions. At health institutions, 97 percent of unwanted sexual contact incidents occurred off campus.
  • The vast majority of both victims and non-victims reported feeling safe on their campus. At academic institutions, 76 percent of victims and 80 percent of non-victims reported feeling safe. The percentages are even higher at health institutions, where 89 percent of victims and 92 percent of non-victims reported feeling safe.

“The CLASE study demonstrates a commitment to understanding the dynamics of sexual violence while the results portray the reality and impact it brings,” said Rose Luna, deputy director of the Texas Association Against Sexual Assault. “Sexual assault advocates have long contended with the misconceptions and the lack of survivor justice as a result. This research project will help bridge the gap of misinformation to positively affect outcomes for survivors, college campuses, and society as a whole.”

UT institutions already have numerous, well-established programs and services in place dedicated to preventing sexual assault and misconduct and responding to victims when an incident does occur. Every institution also proactively works to educate members of the campus community about the policies, procedures and resources related to victim support and the reporting of offenses, and each campus engages in a full array of training, awareness and prevention efforts.

Institutions are also diligent in ensuring justice and due process for those accused of sexual assault, misconduct or harassment, handling reports and investigations in a legal and appropriate manner that protects the rights of everyone involved.

The CLASE reports for each institution include a summary of existing programs as well as further commitments for action, based on the results of the survey.

“I am so pleased that the marvelous research capabilities of the University of Texas are being brought to bear on these issues,” said David L. Callender, M.D., president of UT Medical Branch in Galveston. “We hope that this research will take us far beyond a focus on Title IX compliance to new understanding and meaningful actions that reduce risky and inappropriate behaviors.”

Looking forward, additional research will be conducted, including an in-depth empirical investigation at all UT institutions and the four-year longitudinal study at UT Austin, which includes 1,300 students who are freshmen this academic year.

For more information:

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A. Didar Singh named IC² Fellow

The IC² Institute is pleased to announce the newest IC² Fellow, A. Didar Singh. IC² recognizes his critical role in strengthening ties between the IC² Institute and Indian institutions and as an advocate for new and expanded collaborations between The University of Texas at Austin and India.

A. Didar SinghA. Didar Singh is the Secretary General of Federation of Indian Chambers of Commerce and Industry (FICCI). FICCI is India’s largest and oldest apex business organization, articulating the views of over 250,000 companies with policy makers, and providing a platform for consensus building within industry sectors and between industry, government and society. In his current role, Dr. Singh leads FICCI where he overseas over eighty sectoral verticals and helps articulate the views and concerns of industry.

Dr. Singh’s dynamic guidance helped the DST-Lockheed Martin Indian Innovation Growth Programme, in which IC² is a founding partner, scale up to new heights. The Programme has generated an economic impact of over $800 million and benefited more than 1,000 Indian scientists, engineers, inventors and entrepreneurs across virtually every technology sector.

Under Dr. Singh’s visionary leadership, FICCI and IC² signed an agreement with the State Government of Andhra Pradesh to set up Xlr8 AP, a world-class technology accelerator in Tirupati. The accelerator leverages the best practices of the Austin Technology Incubator and over a decade of IC²’s experience working with Indian entrepreneurial community through the India Innovation Growth Programme.

Due to his efforts, the U.S. Embassy in India, FICCI and the IC² Institute have also partnered to set up Nexus, a world-class technology and business incubator program at the American Center in the heart of New Delhi. Nexus will incubate up to 30 enterprises annually as well as international business development support for selected companies. The U.S. Embassy will provide space within its American Center Library, two full-time managers to run the incubator, and funds to employ an incubation expert in-residence from the IC² Institute.

It was Dr. Singh’s foresightedness that led FICCI and IC² to jointly design an exclusive program with Indian Council of Medical Research (ICMR) to commercialize technologies developed by ICMR in Indian and global markets.

Dr. Singh is a renowned author and former civil servant of the Indian Administrative Service (IAS) and took over as Secretary General of FICCI from November 2012. He retired as Secretary to Government of India in the Ministry of Overseas Indian Affairs (2009-11). During his time in government, he also worked in the Ministry of Science and Technology dealing with commercialization of new technologies and later as member of several boards of state-owned enterprises where he was instrumental in ensuring technological initiatives for growth and sustainability of these enterprises.

For more information:

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IC² at SXSW 2017

See You at SXSW 2017

Once again the IC² Institute and the Austin Technology Incubator will participate at SXSW Interactive.

Here’s where to find us.

Portugal: Your Startup’s Gateway to Europe
Marco Bravo, IC² Institute & UTEN Portugal
March 10, 12:30 PM

SXSW Eco Startup Speed Pitches
presented by Austin Energy & the Austin Technology Incubator
March 10, 2:00 PM

Looking for Funds in All the Right Places
Bart Bohn, ATI Water
March 11, 9:30 AM

Contemporary Curation: How Imagery Shapes a Brand
Art Markman, IC² Research Director
March 11, 12:30 PM

Smart City Day
presented by Digi.City & the Austin Technology Incubator
March 12, 11:00 AM – 4:00 PM
Free, no badge neededRSVP required

A Wall or Not a Wall: Leading Mexican Tech in US
Sid Burback and Jim Vance, IC² Global Commercialization Group
March 12, 3:30 PM

Mentor Session: Art Markman
Signup required
March 13, 2017

In addition, Cindy WalkerPeach served as a Qualifier for the SXSW Accelerator.

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BBR study demonstrates economic value of Texas public libraries

A new report prepared by the Bureau of Business Research for the Texas State Library and Archives Commission (TSLAC) has found that Texas public libraries provide $2.628 billion in economic benefits to the state.

Texas Public Libraries: Economic Benefits and Return on InvestmentCollectively, in FY 2015, Texas public libraries were found to offer a sizeable return on investment. For every one dollar spent, libraries offered $4.64 worth of services, resources, and economic opportunity to communities.

The findings are consistent with a previous BBR study which found an economic return in FY 2011 of $4.42 for every dollar spent on libraries.

Dr. Jim Jarrett, BBR Senior Research Scientist, used a data-intensive process to document and quantify economic benefits. The findings showed that libraries produced $976 million in direct economic activity and more than 11,000 jobs in FY 2015 were dependent on public library expenditures.

Another major component of the study analyzed key services offered by most public libraries in the state. BBR found that libraries contributed an additional $1.652 billion worth of services, including educational programming, internet and computer access, electronic databases, circulation of materials, reference services, in-library use of books, volunteer opportunities, and wireless access.

The study used a conservative approach and valued public libraries purely as business and organizational entities. Researchers used extensive databases from the Texas State Library and Archives Commission in conjunction with input-out economic modeling software. The research found that, while Texas public libraries cost $566 million in FY 15, those libraries provided a return on investment of $4.64 for each of those dollars spent.

For more information:

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IC² Institute’s XLr8 AP accelerator graduates first cohort of Indian entrepreneurs

In January, the IC² Institute’s XLr8 Andhra Pradesh Technology Business Accelerator (XLr8 AP) completed its first four-month acceleration cycle for 33 Indian technology companies.

The companies have already created 35 jobs in Andhra Pradesh and are in the process of opening two new manufacturing operations.

XLr8 AP graduation cohort 1Led by Managing Director Glenn Robinson of the IC² Institute and a team of three Indian staff members, XLr8 AP is a joint venture with the Innovation Society of the Government of Andhra Pradesh and the Federation of Indian Chambers of Commerce and Industry (FICCI). The vision for XLr8 AP is to establish the “Sunrise State” of Andhra Pradesh as a world-class technology innovation ecosystem and to create jobs and wealth in the state, working with technology startups in advanced capacity building, acceleration into the global marketplace, and mobilization of venture capital.

Beginning with a pool of 430 applicants from across India, XLr8 AP selected the cohort of 33 startups to receive training and mentoring from a team of US and Indian experts. Of these, 25 companies received technology validation and market assessment using the IC² Institute’s Quicklook® methodology, and nine participated in a formal technology and business model presentation competition before a binational panel of judges.

Four of the competing companies were selected to receive advanced commercial acceleration for a period of up to one year. The four winning companies were:

Oriental Aquamarine
Nitrifying Bioreactor technology for Recirculating Aquaculture Systems (RAS) achieving optimum levels of nitrogenous compounds in water, and prevents Nitrate buildup.

SLS Cell Cure Technologies
Ethically and scientifically explore the full potential of Molecular Diagnostics & Regenerative medicine through cell therapies.

XCyton Diagnostics
Syndrome Evaluation System is a gene-based medical diagnostic platform that identifies pathogens in life-threatening infections.

TJ Tyres
Burst Preventive Puncture Curative (BPPC) tyre: puncture proof, burst preventive and self-balancing tire.

In addition, XLr8 AP will continue to mentor other selected company from the first cohort to continue their market entry initiatives.

A new cohort of 33 companies will enter the acceleration program on February 1. In the course of the 16 months making up Phase 1 of the program, XLr8 AP will train and develop at least 132 companies, accelerate at least 16 new ventures, train over 400 entrepreneurs and innovators, and provide innovation and entrepreneurship training to at least 232 university students and faculty.

XLr8 AP is the latest chapter in the IC² Institute’s long engagement with India, including the decade-long DST-Lockheed Martin India Innovation Growth Program (IIGP), which has helped over 1,000 Indian innovators generate more than $814 million in revenue. IC²’s portfolio of activities in India will expand again in April 2017 with the planned launch of an incubator at the American Center in New Delhi.

For more information:

Video: Innovation initiatives in Andhra Pradesh, India

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