Lockheed Martin Invites Innovative Ideas from Startups

Lockheed Martin

Kochi: US combat aircraft manufacturers Lockheed Martin will soon invite innovative ideas from startups through its annual scheme, India Innovation Growth Programme, meant for startups and university students to take forward their ideas and hit the market.

“The applications for this programme, launched in 2007, will be received from March 21. It looks for startups and university students, who have got innovative ideas, and they may be allowed to take their ideas to the next stage, enabling them to enter the market,’’ said Phil Shaw, Chief Executive, Lockheed Martin India.

Every year, the company has been getting around 1500 applications, Shaw said while addressing the audience at the Kerala’s first-ever national-level Hardware Startup Conclave conducted by Maker Village in Kochi the other day.
“The programme is set up to identify the innovation that is taking place in India. From the ideas, an expert panel will select the best 10 and they will be going to the States each year to be exposed to the innovation ecosystem in the US,” Shaw explained.

The details of the scheme will be available at www.indiainnovates.in

Lockheed Martin is an American global aerospace, defense, security and advanced technologies company.
In his keynote address at the event, M Sivasankar IAS, Secretary, Electronics and IT, Government of Kerala, said the Maker Village should associate itself with talents emerging from work experience fest being held in schools and colleges.

“In the first week of April, along with Internet & Mobile Association of India (IAMAI), we are planning to have an international conclave of startups, in which around 2000 startups will participate,” he added.

In his address, Dr. Saji Gopinath, Director, IITM-K, said that to realise the new wave of industrialisation we need to create several new enterprises, which are agile to adopt the new technological changes and reform themselves to remain in the leading edge.

“Creating a market makeup culture in electronics hardware is now not an option, but perhaps the only option for India to go into the next level of development. With this objective, IIITM-K, with the support of Ministry of Electronics and Information Technology, set up Maker Village in 2015,’’ Dr. Saji said.

In his presidential address, M Madhavan Nambiar, Chairman, IIITM-K said, the State is giving a new focus to hardware and semiconductor manufacturing keeping in mind the rising demand for electronic hardware. “In 2012, the Electronic Policy came up and it stapled many of the things like Make in India, Skill India and Startup India to create an ecosystem so that the cost advantage that China and other countries had enjoyed has started to come to us. Thanks to this, we are very competitive now,” Nambiar pointed out.

“In the 1960s and 70s, we had got some of the state-of-the-art factories on electronics manufacturing in the country in Kerala. Now it is for us to see how to reinvent that. Japan, Korea and Taiwan are looking for alternate places as they find it difficult to manufacture LED and other things there. We must market Kerala in this scenario,” Nambiar said.

Prasad Balakrishnan Nair, CEO, Maker Village proposed a vote of thanks. Maker Village signed three MoUs with NIELT, Kozhikode; Dassault and Mentor Graphics at the event.