SME Times News Bureau | 17 Jul, 2019
Department of Science and Technology (DST) Secretary Ashutosh Sharma,
Secretary, Department of Science and Technology (DST), Government of India on Wednesday
said that if a company partners with a startup, then the DST will also partner with
it and extend a matching grant to help it scale up.
Speaking at the 'Awards Ceremony - India Innovation Growth
Programme (IIGP) 2.0',Prof. Sharma said that the department may
take the decision on providing a matching grant to the successful startup in a
month or two.
"If industry is partnering with a startup putting an x amount of
money, depending on the plans and other things, then DST will also partner and
probably would put a matching amount of money in that startup," he said,
adding the challenge for startups is to scale up and transition into
The government is coming up with startup centres worth Rs 150 crore each
to help the startups access the resources, especially hardware, he said. Three
centres will be launched this year, followed by 3-4 centres per year, thus
creating a total of 20 such centres, he added.
The India Innovation Growth Programme (IIGP) 2.0, a tripartite
initiative of the Department of Science and Technology (DST), Government of
India, Lockheed Martin and Tata Trusts today named the winners of the 2019 edition of
the annual IIGP 2.0.
The winners were chosen from over 2,400 applicants who
presented innovations that aim to bring large scale social impact and
industrial transformation in India.
16 start-ups from the annual Open Innovation Challenge and 20
university teams from the University Challenge each received grants
of INR 25 Lakh and INR 10 Lakh respectively
to enable the evolution and maturation of their technology solutions proposals.
Sharma further urged FICCI to scale up the IIGP by doubling the size of
the programme, which awarded 20 University Challenge winners and 16 Open
Innovation Challenge winners this year.
The innovations identified for award this year were evaluated by a panel
of jurors which include IIGP 2.0 stakeholders and implementation partners as
well as external experts from the innovation, science, technology and
Implementation partners include the Federation of Indian Chambers of
Commerce and Industry (FICCI), Indo-US Science and Technology Forum (IUSSTF),
Centre for Innovation Incubation and Entrepreneurship (CIIE) at IIM Ahmedabad
and the Indian Institute of Technology Bombay.
The applicants, which came from across the nation as well as a range of
educational institutions, offered a breadth and variety of excellent
innovations to evaluate. They also join a cohort of over 7000 applicants
from the past three years of IIGP 2.0 in submitting innovations for
consideration by the IIGP 2.0 Panel of Jurors.
Phil Shaw, Chief Executive of Lockheed Martin in India said, "The talent
pool and potential for positive change through technology in India, from India,
for India and the world, is immense as we witnessed this year during the
Manoj Kumar, Head, Innovation
and Entrepreneurship, Tata Trusts & CEO, Social Alpha said, "Through
the India Innovation Growth Programme, we continue to build on Tata Trusts'
legacy of promoting science and technology innovations in India to create a
positive impact on society."
The purpose of IIGP 2.0 is to encourage, identify, support and incubate
the technology solutions devised by ingenious local start-ups and university
teams that seek to solve complex challenges.