Technology firms awarded for innovation

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SME Times News Bureau | 30 Mar, 2012
The Department of Science and Technology (DST) in association with Lockheed Martin Corporation Thursday announced 30 awards for innovations in technology.

The winners were selected from 800 applications from across India, from sectors like nano-technology, bio-medical engineering, tele-communications and solar power under the "DST-Lockheed Martin India Innovation Growth Programme", an official statement said.

Commenting on the award, DST Secretary T. Ramasami said: "India has been an innovative nation and our people have been at the forefront of development of many path breaking, inclusive and cost effective innovations."

"There is now a need to commercialise and scale our innovations and the DST-Lockheed Martin India Innovation Growth Programme precisely aims to do that," Ramasami said.

The India Innovation Growth Programme was launched in March 2007 by Lockheed Martin, Federation of Indian Chambers of Commerce and Industry (FICCI) and the University of Texas, IC2 Institute.

The DST joined the programme in 2008.

"The India Innovation Growth Programme is a unique partnership between the government, industry and academia. It creates an ecosystem for facilitating the birth of new ideas, nurturing them and converting these ideas into high value products and services," said Rajiv Kumar, secretary general of FICCI.