The latest estimates of India's gross domestic product (GDP) growth makes it the fastest growing large economy in the world, at 7.4%. "As a result of my government's sustained efforts and series of policy initiatives, our economy is again on the high growth trajectory," said Mr.Pranab Mukherjee, President of India, at the opening of the budget session recently.
A Finnish company, TactoTek claims that its manufacturing process makes it possible to incorporate electronics into structural plastics, including LEDs for sophisticated lighting, sensors, ICs and printed touch controls in both rigid and flexible designs. The company anticipates that the 3D electronic structures will be used to create 3D control panels with illumination and touch controls. Another application could be in flexible wearable devices with the ability to distribute the various electronics elements throughout the device instead of in a relatively bulky processing unit (courtesy: electronicsweekly.com).
Ineda Systems, a startup company founded by industry veterans from the United States and India, is the designer and developer of the industry’s first Wearable Processor Unit — WPU —a low-power, high-performance SoC targeting the emerging wearable technology market, offering 10 times the reduction in power consumption. It also plans to enable the wearable ecosystem with APIs (Application Program Interface) and the application development framework.
The India Innovation Growth Programme is a joint initiative of the Department of Science and Technology, the Government of India, Lockheed Martin Corporation, Indo-US Science and Technology Forum, Federation of Indian Chambers of Commerce and Industry, Stanford Graduate School of Business and the IC2 Institute at the University of Texas. The aim of this programme is to accelerate 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 using world-class commercialisation strategies and the business development assistance provided.
During the first phase of the programme, the project team comprising of subject matter experts from FICCI will select 100 innovative technologies from a wide range of sectors such as aeronautics, agriculture, biotechnology, chemistry, communications, computing, defense, electronics, environment, healthcare, information technology, manufacturing, materials, life sciences, nanotechnology, petrochemical, semiconductors and transportation. Evaluators review and offer constructive feedback on the technical and commercialisation potential of the application submissions. In the second phase refined applications are scored based on predefined parameters and evaluator feedback to select the top 50.
The top 50 innovators will then present their innovations to a panel of judges comprising renowned technologists and commercialisation experts from India and the United States. At the end of the competition, 30 best innovations will be awarded. Thereafter, the top 50 innovators will receive professional business development assistance from FICCI and top 8 both by FICCI and the IC2 Institute, University of Texas. The business development managers at FICCI and IC2 Institute work towards assisting the winners in commercialising their technological innovations and finding them suitable business partners in India as well as global markets (courtesy : indiainnovates.in).