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Hillary Clinton Commends IC2 Economic Development Initiative in India

"Highlighting economic development in India"
May 14, 2012

On a recent visit to New Delhi, U.S. Secretary of State Hillary Clinton commended a technology supported by the IC2 Institute's India Innovation Growth Program as a “cutting edge innovation that makes life-saving health care available to people who might otherwise be unable to afford treatment.”

The technology — Forus Health's 3nethra scanner that can detect eye diseases before they cause blindness, a major issue in India and other developing countries — was developed with the support of the India Innovation Growth Program, an initiative of IC2's Global Commercialization Group.

UT’s “Know” online magazine described Clinton's recent visit to New Delhi:

As part of her stop in India, Clinton visited an event that showcased public and private sector innovation partnerships between the United States and India. There, she highlighted a company, Forus Health, and its technology that’s supported by the India Innovation Growth Program.

The goal of the India Innovation Growth Program is to develop a cadre of Indian entrepreneurs with the skills to develop and deploy products and services that can compete in domestic and global markets.

In working with Indian entrepreneurs, the ICInstitute draws on its decades of studying entrepreneurs, building businesses and business clusters to help support and accelerate business for people in developing economies. It provides training and assists in developing relationships and business engagements for investments, partnerships and customers. 

The program has helped more than about 90 Indian entrepreneurs and small businesses find investors, business partners, collaborators, and even paying customers.

Indian entrepreneurs in the India Innovation Growth Program go through several steps — from introductory workshops, to screenings of services and products, to market research and business development. The entrepreneurs and companies with the highest commercialization potential move forward at each step.

Valerie Hase, the institute’s program manager for the India project, said that since 2006 more than 3,000 people have attended the workshops in India; more than 2,000 technologies have been screened; and market research reports have been prepared for about 300 technologies.

“The number of people seeking to participate in the program has increased each year,” said Sid Burback, director of the Global Commercialization Group. “We are very pleased with the momentum that the program has built and the progress that our program participants have made.”

This high-profile recognition was also reported in the Austin Business Journal. See the article.


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