India Innovation Growth Programme 2.0
India Innovation Growth Programme 2.0
The India Innovation Growth Programme (IIGP) 2.0 is a unique tripartite initiative of the Department of Science and Technology (DST), Government of India, Lockheed Martin and Tata Trusts.
Supporting the Government of India’s missions of “Start-up India” and “Make in India”, IIGP 2.0 enhances the Indian innovation ecosystem by enabling innovators and entrepreneurs through the stages of ideation, innovation and acceleration, to develop technology-based solutions for tomorrow.
Complemented by several implementation partners, Federation of Indian Chambers of Commerce and Industry (FICCI), Indo-US Science and Technology Forum (IUSSTF), Centre for Innovation Incubation and Entrepreneurship (CIIE) at IIM Ahmedabad and Indian Institute of Technology Bombay; the programme aims to build an innovation pipeline in India through a high-impact programme focused on the social and industrial innovation ecosystem.
Launched in 2007, India Innovation Growth Programme (IIGP) has been one of India’s longest standing public-private partners. The programme has provided mentoring and handholding assistance to over 400 innovators coming from diverse sectors from across the country; generated over 350 commercial agreements and over $900 Million of economic value for India. (Source: Second Impact Analysis Report by Ernst & Young in 2015).
Through two annual parallel tracks viz. University Challenge and Open Innovation Challenge, IIGP 2.0 identifies and supports both industrial and social innovations through:
Phase A: Ideation
Phase B: Innovation
UNIVERSITY CHALLENGE
Ideation and incubation of concepts (both industrial and social) sourced from universities across India. Out of the applications received, up to 30 top teams are shortlisted.
OPEN INNOVATION CHALLENGE
Innovation of concepts (both industrial and social) sourced from the technology startup community at large in India and not specifically from the academic arena. Out of the applications received, up to 50 top teams are shortlisted..
Programme Benefits
IDEATION PHASE
Top 30: Mentorship by IIT Bombay & Pitching Opportunity.
Top 10: Research grants up to INR 10 Lacs each, Design Thinking Workshop, Mentorship & Periodic Feedback.
INNOVATION PHASE
Top 10: Bootcamp at IIM Ahmedabad.
Top 4: Shortlisted Top 4 UC teams compete with Top 50 OIC teams of the following year to possibly win seed grants of up to INR 25 Lacs each.
Top 50: Bootcamp at IIM Ahmedabad and Pitching Opportunity. Selective innovators may also get an opportunity to connect with industry players at Industrial Immersive Day.
Top 10: Seed grants up to INR 25 Lacs each, Incubation & Mentorship Support, Immersion Workshop and Investor Meet.
