First Workshop for the Second Phase of LOCKHEED MARTIN INDIA INNOVATION

GROWTH PROGRAMME – 2008 begins in New Delhi.

The Second phase of the Lockheed Martin India Innovation Growth Programme, a joint
initiative of Lockheed Martin, FICCI and IC2 Institute, University of Texas at Austin, USA
has started from January 2008.

The two-year nation-wide programme, launched in March 2007 is aimed at enhancing the
growth & development of India's entrepreneurial economy and accelerating the reach of
innovative Indian technologies into the global markets. The India Innovation Growth
Programme is the only programme of its kind, because of its focus on teaching and using
world-class commercialization strategies.

During the first phase of the programme, 14 technologies having colossal commercial
potential in Indian as well as global markets were identified and these Indian innovators
were then given valuable training to enhance their entrepreneurial skills. This was
followed by business development assistance to help them partner with suitable
prospective leading business enterprises.

The success of the programme can be gauged from the fact that the first phase itself has
resulted in signing of as many as 13 partnership agreements. Some of the promising
outcomes are as follows :

• After commercialization of its technology : Waste plastic conversion to petroleum

fules the valuation of the company Sustainable Technologies & Environmental
Projects Pvt Ltd (STEPPL),Mumbai, has now been pegged at Rs 140 crore based
on the study by an independent financial entity M/s Enarr.

• Century Pharmaceuticals Ltd, Vadodara has signed a funding arrangement with

Gujarat Venture Finance Limited and had received around 2.5 crore for developing
the R & D Labs for the technology : Apoptopic Proteins – New treatment for allergy
and asthma patients. This technology is presently in the pre-clinical development
stage.

• Zeus Numerix Pvt Ltd, Mumbai had signed an agreement with Adroitec
Information Systems, New Delhi which has resulted in 4-5 leads within India
regarding the simulation design.

• CMERI (Embedded Systems Lab), Durgapur have signed an agreement with

TATA BP SOLAR for development and supply of 25 odd numbers of solar mini grid
connected pre paid meter with net metering feature. They are also in discussion
 with West Bengal Renewable Energy Development Agency for field trails of smart
card operated prepaid meter in a Solar Power Plant at Sagar Island of South 24
Pargana, West Bengal.

• Integra Micro Systems Pvt Ltd, Bangalore is working with 7 leading banks of
India providing branchless banking facilities and other supporting banking services
in rural areas. The technology : Imfast – Integra’s Mobile financial Applications
Secured Terminal in form of product is deployed in over 100 locations. They are
already in discussion with banks and other organizations for different other
potential applications.

The success of the first phase of the programme has motivated programme partners to
announce the second year of this unique and highly successful initiative. The second
phase of this programme was announced in December 2007. This year we received an
overwhelming response which was three times more than last year’s applications. We
received 326 applications from the innovators across the country from a wide range of
sectors such as Aeronautics, Agriculture, Biotechnology, Chemistry, Communications,
Computing, Defense, Electronics, Environment, IT, Manufacturing, Marine, Materials,
Medical / Life Sciences, Nanotechnology, Petrochemical, Semiconductors and
Transportation.

This has been followed by initial selection of 60 highly innovative technologies by experts
from IC2 Institute, University of Texas and FICCI. These 60 innovators have been invited
to attend a three day workshop on “Commercialization Strategies” from 18th – 20th
February 2008. This workshop provided a unique opportunity for selected innovators to
have face to face interaction with Lockheed Martin & IC 2 team working on this project.
After this face to face interaction 30 promising technologies were further selected to
advance to our Multi Week Entrepreneurship Workshop in April 2008. Finally an
expert panel of judges would award 14 technologies for commercialization in Indian and
global markets.

For more details please visit: (http://www.indiainnovates.in/)

FICCI Media Division