Lemelson Recognition and Mentoring Programme A joint initiative of IIT-Madras and Rural Innovation Network supported by The Lemelson Foundation USA

Lemelson Recognition and Mentoring Programme A joint initiative of IIT-Madras, Rural Innovation Network and The Lemelson Foundation USA OUR MISSION Improve the quality of life of the underserved population through innovations and enterprises & Create a sustainable and replicable technology innovation incubation model

Lemelson Recognition and Mentoring Programme A joint initiative of IIT-Madras, Rural Innovation Network and The Lemelson Foundation USA OBJECTIVES To nurture innovations that address basic human needs To give recognition to innovators Select, nurture innovations to see that Ideas transform to Enterprises

Lemelson Recognition and Mentoring Programme A joint initiative of IIT-Madras, Rural Innovation Network and The Lemelson Foundation USA WHAT WE DO? Give Recognition to Innovators Support Innovators through Incubation Services  Networks  Funding

Lemelson Recognition and Mentoring Programme A joint initiative of IIT-Madras, Rural Innovation Network and The Lemelson Foundation USA Selection Criteria Is the idea innovative? Has the idea the potential to become a commercially viable enterprise? Will such enterprise(s) have large social impact? Will funds for incubation be available from conventional sources? How grassroots is the innovator?

Lemelson Recognition and Mentoring Programme A joint initiative of IIT-Madras, Rural Innovation Network and The Lemelson Foundation USA L-RAMP PROCESS Step 2 Step 3 Step 1 Create awareness and scout for grassroots innovations, Invite proposals for funding Create awareness and scout for grassroots innovations, Invite proposals for funding Selection Process Provide support for idea articulation and resubmission Provide support for technical and business incubation Proposal not yet there but has potential Proposal holds potential for success

Lemelson Recognition and Mentoring Programme A joint initiative of IIT-Madras, Rural Innovation Network and The Lemelson Foundation USA SELECTING INNOVATORS B. Synergy with L-RAMP Ability of L-RAMP to deliver Knowledge & Networks Compatibility between L-RAMP & the Innovator Non-Availability of Market Funding A. Inherent Strengths Social Benefit Utility Enterprise Viability Environment-friendly Commitment of the Innovator

Lemelson Recognition and Mentoring Programme A joint initiative of IIT-Madras, Rural Innovation Network and The Lemelson Foundation USA Protection of IPR

Lemelson Recognition and Mentoring Programme A joint initiative of IIT-Madras, Rural Innovation Network and The Lemelson Foundation USA WHAT WE DO? Give Recognition to Innovators Support Innovators through Incubation Services  Funding  Networks

Lemelson Recognition and Mentoring Programme A joint initiative of IIT-Madras, Rural Innovation Network and The Lemelson Foundation USA Funding One time Proposal development grant (up to Rs. 25,000) Incubation interest free loan up to Rs 25 Lakhs, based on model of repayment from commercial sales

Lemelson Recognition and Mentoring Programme A joint initiative of IIT-Madras, Rural Innovation Network and The Lemelson Foundation USA Networks Provide Networks associates for innovators Experts (Technology., Business, Finance, Marketing, IPR, Product Design) Funding Agencies Entrepreneurs

Lemelson Recognition and Mentoring Programme A joint initiative of IIT-Madras, Rural Innovation Network and The Lemelson Foundation USA Current Incubates Fuel + Maxhaler Suncon Cooker Low-cost drip irrigation system Low-cost sanitary napkin production machine Plant oil stove Mastitis Kit

Lemelson Recognition and Mentoring Programme A joint initiative of IIT-Madras, Rural Innovation Network and The Lemelson Foundation USA NODAL INSTITUTIONS PSG College of Technology, Coimbatore Tamil Nadu Agriculture University, Coimbatore Vellore Institute of Technology, Vellore Gandhigram Rural Institute, Gandhigram

Lemelson Recognition and Mentoring Programme A joint initiative of IIT-Madras, Rural Innovation Network and The Lemelson Foundation USA YOU CAN REACH US AT… L-RAMP 2 nd Floor, IC&SR Building Indian Institute of Technology Madras Chennai E mail : Web site: Phone: Fax:

Lemelson Recognition and Mentoring Programme A joint initiative of IIT-Madras, Rural Innovation Network and The Lemelson Foundation USA Thank you

Lemelson Recognition and Mentoring Programme A joint initiative of IIT-Madras, Rural Innovation Network and The Lemelson Foundation USA TECHNICAL SUPPORTS Conceptualizing the idea Designing inputs – Arrange consultation with experts Prototyping-Identify the facility and manage prototyping Lab testing-Identify test centers Field trials –Identify suitable location

Lemelson Recognition and Mentoring Programme A joint initiative of IIT-Madras, Rural Innovation Network and The Lemelson Foundation USA FUNDING SUPPORTS PROPOSAL DEVELOPMENT Innovation at a nascent stage Provide a sum (grant) of up to Rs. 25,000 Help the innovator develop the idea & submit a final proposal PROJECT SUPPORT The proposal passes selection criteria Provide the required capital to develop the innovation to a final product, up to 25,00,000

Lemelson Recognition and Mentoring Programme A joint initiative of IIT-Madras, Rural Innovation Network and The Lemelson Foundation USA BUSINESS DEVELOPMENT SUPPORT Protection of intellectual property rights Facilitate to raise capital from financial institutions or/and investment market Conduct preliminary market studies Plan and facilitate test/pilot marketing Provide feedback/ inputs for marketing Identify partners for marketing Provide access to a network of mentors Facilitate technology transfer to enterprises