FICCI-IC2-Lockheed Martin India Innovation Growth Program

FICCI - IC2 - Lockheed Martin India Innovation Growth Programme -An Accelerated Technology Assessment and Commercialization Programme - By Nirankar Saxena, Director, FICCI

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”

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

Technology Assessment and Commercialization: A Deeper Look into the Process Step 1: Technology Nomination Step 2: Application Screening Questions we evaluate:

Technology’s Market Viability

Quantitative research

High-level patent searches

Testing uniqueness with web searches

Researching business databases

Evaluating global and national market regions

Technology Assessment and Commercialization: A Deeper Look into the Process Step 3: Commercial Assessment: Quicklook Analysis TM

Commercial assessment is conducted on each technology

Led by certified commercialization professional

Provides a “ market perspective ” on the technology

Primarily non-proprietary in nature

Market-oriented

Based on both secondary and primary research

A Patented Technique Developed by the IC2 Institute to Evaluate a Technology

Quicklook Analysis TM : A 360° View from the Market Validators End Users Potential Partners Customers Primary Research Report

Commercialization Assessment Report Contents

Technical Description

Technology Valuation

Potential Benefits

Potential Markets

Potential Clients

Market Interest

Intellectual Property Status

Competitors and Competing Techs

Technology Commercialization Assessment Report 014 Cotton Delinting Facility REPORT PREPARED BY MIKE BRECK

The Next Step: Technology Commercialization

Step 4: Business Development

Business Matchmaking with potential customers, government bodies, venture capitalists, angel investors.

Business Development Plan Tool TM

Identifying Business Partners

Industry Visits, Calls and Follow-up

Engagement Agreement

Step 5: Technology Commercialization

Suitable partners are systematically sought

Licensing agreements are negotiated

Contracts are arranged between the parties

Successful commercialization of technologies

Successful Case Studies: A Few Examples

Shri Janak Sheth, Century Pharmaceuticals Ltd. Technology: Apoptopic Proteins

SIBRI has sanctioned a grant of approximately INR 1 crore

i4RD has approved funds worth Rs. 30 Lakhs

Century pharmaceutical has received funding worth Rs. 2.5 crores Gujarat Venture Finance Limited.

Net funds received so far INR 3.8 crores

2) Shri Joydeb Roy Chowdhury, Embedded System Lab Technology: Smart card operated prepaid energy meter with automatic load controller for solar power application

Business agreement with Tata BP Solar for field trails

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

Successful Case Studies: A Few Examples 3) Shri T. Raghavendra Rao, Sustainable Technologies & Environmental Projects Pvt. Ltd. Technology: Waste plastic conversion to petroleum fuels

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

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

4) Dr (Ms) Chandrika Varadachari, Raman Centre for Applied and Interdisciplinary Sciences Technology: Slow Release Micronutrient Fertilizer

Engagement agreement with Sowbhagya Amino Inputs Pvt Ltd, Hyderabad with exclusive rights for manufacturing and sale of three micronutrient fertilizers

Engagement agreement with AG Specialties and Brandt Consolidated, USA for distribution of fertilizer

Engagement agreement with Aries Agro Limited to undertake field trials

Other agreements in the pipeline: With Archean Group of Companies and Godrej Agrovet

FICCI – IAN Partnership

Indian Angel Network has actively supported FICCI in its commercialization program by way of :

Considering a number of applications for angel funding

Exchanging program banners on web portals

Dissemination of information about the India Innovation Growth Programme

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!!

FICCI- DST- LM- India Innovation Growth Programme 2009 : Participate now!!