India Innovation Growth Programme (IIGP) 2.0 to support Industrial and Social Innovations

15th March 2017, New Delhi: Strengthening its commitment to foster innovation and entrepreneurship, the Department of Science and Technology launched the India Innovation Growth Programme 2.0 today. The programme has been running since 2007 with the support of Lockheed Martin Corporation and has supported close to 500 innovators, start-ups, creating an economic value of approx. US$ 900 million. The programme has by the Indo-US Science and Technology Forum and implemented by the Federation of Indian Chambers of Commerce and Industry (FICCI).
Through a wide outreach campaign undertaken by FICCI over the last 10 years, spreading over 100 cities across India, the Programme has received and evaluated over 7000 ideas so far. In addition to building entrepreneurs, more than 50 incubation managers from India have been trained in the US on global best practices on incubation and commercialization and this has been possible.
Under the IIGP 2.0, Tata Trusts have come on board to support and scale social innovations. IIGP 2.0,will have two separate challenges viz. University Challenge and the Open Innovation Challenge to support innovations across industrial and social sectors. The program shall provide funding, capacity building, mentoring, incubation and business development support to the innovators, helping them scale their ventures to the next level.
Speaking on the IIGP 2.0 launch, Pankaj Patel, President, FICCI stated “FICCI is proud to have been a partner of the India Innovation Growth Programme since it’s' inception in 2007. With over 500 innovations supported, the exemplary work undertaken is noteworthy. Inclusion of new partners is a welcome addition as the programme grows from strength to strength. We remain committed to building on the tremendous success of the last decade in fostering and accelerating Indian technological innovations into the global marketplace.”
Dr. Didar Singh, Secretary General, FICCI said “Over the last 10 years, the India Innovation Growth Programme has grown to be one of India's foremost technology acceleration platforms. FICCI strives to provide an entire ecosystem to the startups through diversified programs such as the IIGP, XLr8AP, Google digital unlocked certification program to meet the varied needs of startups in India. We work closely with innovators through various phases, from ideation to commercialization. Moving into the next decade, we remain confident of the continued growth & success of the IIGP in its' new avatar.”
Several of the IIGP innovators have been further scaled through the XLr8AP Program of Government of Andhra Pradesh, FICCI and University of Texas. An IIGP awardee, Sameer Panda has invented a tyre with burst-preventive puncture-curative technology and stated that the Xlr8 program with his commercialization strategy and is soon planning to set up a manufacturing unit in Renigunta.

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