FICCI-IC2-Lockheed Martin India Innovation Growth Program

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FICCI-IC2-Lockheed Martin India Innovation Growth Program

  1. 1. FICCI - IC2 - Lockheed Martin India Innovation Growth Programme -An Accelerated Technology Assessment and Commercialization Programme - By Nirankar Saxena, Director, FICCI
  2. 2. The right product gets to the right market with the right partner at the right time Aim of FICCI’s Commercialization Process: “ Before we take a technology to the market for commercialization, we package it into the right perspective for the business partner”
  3. 3. A Step - by - Step Guide to Successful Technology Assessment and Commercialization Step 1: Technology Nomination Step 2: Application Screening Step 3: Commercial Assessment of Technology : Quicklook Analysis TM Step 4: Business Development Step 5: Technology Commercialization
  4. 4. Technology Assessment and Commercialization: A Deeper Look into the Process Step 1: Technology Nomination Step 2: Application Screening Questions we evaluate: <ul><li>Technology’s Market Viability </li></ul><ul><li>Quantitative research </li></ul><ul><ul><li>High-level patent searches </li></ul></ul><ul><ul><li>Testing uniqueness with web searches </li></ul></ul><ul><ul><li>Researching business databases </li></ul></ul><ul><li>Evaluating global and national market regions </li></ul>
  5. 5. Technology Assessment and Commercialization: A Deeper Look into the Process Step 3: Commercial Assessment: Quicklook Analysis TM <ul><li>Commercial assessment is conducted on each technology </li></ul><ul><li>Led by certified commercialization professional </li></ul><ul><li>Provides a “ market perspective ” on the technology </li></ul><ul><li>Primarily non-proprietary in nature </li></ul><ul><li>Market-oriented </li></ul><ul><li>Based on both secondary and primary research </li></ul>A Patented Technique Developed by the IC2 Institute to Evaluate a Technology
  6. 6. Quicklook Analysis TM : A 360° View from the Market Validators End Users Potential Partners Customers Primary Research Report
  7. 7. Commercialization Assessment Report Contents <ul><li>Technical Description </li></ul><ul><li>Technology Valuation </li></ul><ul><li>Potential Benefits </li></ul><ul><li>Potential Markets </li></ul><ul><li>Potential Clients </li></ul><ul><li>Market Interest </li></ul><ul><li>Intellectual Property Status </li></ul><ul><li>Competitors and Competing Techs </li></ul>Technology Commercialization Assessment Report 014 Cotton Delinting Facility REPORT PREPARED BY MIKE BRECK
  8. 8. The Next Step: Technology Commercialization <ul><li>Step 4: Business Development </li></ul><ul><li>Business Matchmaking with potential customers, government bodies, venture capitalists, angel investors. </li></ul><ul><ul><li>Business Development Plan Tool TM </li></ul></ul><ul><ul><li>Identifying Business Partners </li></ul></ul><ul><ul><li>Industry Visits, Calls and Follow-up </li></ul></ul><ul><ul><li>Engagement Agreement </li></ul></ul><ul><li>Step 5: Technology Commercialization </li></ul><ul><ul><li>Suitable partners are systematically sought </li></ul></ul><ul><ul><li>Licensing agreements are negotiated </li></ul></ul><ul><ul><li>Contracts are arranged between the parties </li></ul></ul><ul><ul><li>Successful commercialization of technologies </li></ul></ul>
  9. 9. Successful Case Studies: A Few Examples <ul><li>Shri Janak Sheth, Century Pharmaceuticals Ltd. Technology: Apoptopic Proteins </li></ul><ul><ul><li>SIBRI has sanctioned a grant of approximately INR 1 crore </li></ul></ul><ul><ul><li>i4RD has approved funds worth Rs. 30 Lakhs </li></ul></ul><ul><ul><li>Century pharmaceutical has received funding worth Rs. 2.5 crores Gujarat Venture Finance Limited. </li></ul></ul><ul><ul><li>Net funds received so far INR 3.8 crores </li></ul></ul><ul><li>2) Shri Joydeb Roy Chowdhury, Embedded System Lab Technology: Smart card operated prepaid energy meter with automatic load controller for solar power application </li></ul><ul><li>Business agreement with Tata BP Solar for field trails </li></ul><ul><li>West Bengal Renewable Energy Development Agency is considering the technology for field trials in their power plant in Sager Island of south 24 Parganas of West Bengal </li></ul>
  10. 10. Successful Case Studies: A Few Examples 3) Shri T. Raghavendra Rao, Sustainable Technologies & Environmental Projects Pvt. Ltd. Technology: Waste plastic conversion to petroleum fuels <ul><li>A Letter of Intent has been received from Vulcanes, Germany to set up a plant with a capacity of 25 tons per day at their site. The agreement value is Euro 1.6 million </li></ul><ul><li>A Letter of Intent has been received from GBS, Malaysia to set up a plant of the capacity 5 tons per day at their site </li></ul><ul><li>4) Dr (Ms) Chandrika Varadachari, Raman Centre for Applied and Interdisciplinary Sciences Technology: Slow Release Micronutrient Fertilizer </li></ul><ul><li>Engagement agreement with Sowbhagya Amino Inputs Pvt Ltd, Hyderabad with exclusive rights for manufacturing and sale of three micronutrient fertilizers </li></ul><ul><li>Engagement agreement with AG Specialties and Brandt Consolidated, USA for distribution of fertilizer </li></ul><ul><li>Engagement agreement with Aries Agro Limited to undertake field trials </li></ul><ul><li>Other agreements in the pipeline: With Archean Group of Companies and Godrej Agrovet </li></ul>
  11. 11. FICCI – IAN Partnership <ul><li>Indian Angel Network has actively supported FICCI in its commercialization program by way of : </li></ul><ul><ul><li>Considering a number of applications for angel funding </li></ul></ul><ul><ul><li>Exchanging program banners on web portals </li></ul></ul><ul><ul><li>Dissemination of information about the India Innovation Growth Programme </li></ul></ul>
  12. 12. FICCI- DST- LM- India Innovation Growth Programme 2009 : Participate now!! Objectives : Synergise the world of science and the world of business by assisting the Indian innovators accelerate their technologies into the global markets. Assess the right scientific and the commercial value of your innovation and help you take it to the global marketplace So, do you have an innovative technology? Are you looking for an experienced team to help and guide you through the technology assessment and commercialization process? If you are and our experts assess that your innovation has commercialization potential then we are ready to help you translate your research and knowledge into the commercial marketplace FREE PARTICIPATION!!
  13. 13. FICCI- DST- LM- India Innovation Growth Programme 2009 : Participate now!! <ul><li>Programme Benefits </li></ul><ul><li>Learn the right commercialization strategies for innovative technologies </li></ul><ul><li>Work with experts and educators who know what works and what doesn’t </li></ul><ul><li>Compete with other innovators to gain experience Assistance from FICCI and IC 2 managers for business development </li></ul><ul><li>Showcase your technology before potential partners, customers and investor </li></ul>
  14. 14. FICCI- DST- LM- India Innovation Growth Programme 2009 : Participate now!! For registration, please log on to: www.indiainnovates.in
  15. 15. Thank you

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