A positive development for Indian companies will get them a chance to globally leverage technical solutions. Rolls Royce, the UK-based technology giant, has introduced a programme for finding partners, who will be involved in the purchase or licensing of new and upcoming technologies. British company Rolls Royce is among the top firms that provide power systems. It has a prominent presence in the global market for fields like defence aerospace, marine sector, energy sector and civil aerospace.
According to a statement released by the firm, 'The India Open Innovation' programme (IoiN-RR) aims at identifying small to medium-sized organisations for the purchase and licensing of technologies. Also, this programme is on the lookout for techniques that are unique, outside the realms of conventions and have the potential to come good in the future. The statement also included the fact that Rolls Royce will give a chance to Indian firms to leverage solutions on an international level.
The programme is expected to judge these organisations on three critical premises of test and measurement, namely inspection and servicing technologies, repair and novel designs and manufacture of large components and tools. “The companies, which are in existence for minimum two years, should register their initial interest via email to FICCI (IOiN-RR@ficci.com) or NASSCOM (email@example.com). After an initial screening, shortlisted applicants will be invited to register online and submit a detailed proposal,” the statement said.
Organisations vying to land a chance in this project would be required to submit solutions that have passed the stage of conceptualising. The solutions, ideally, should be in the middle of the stages where a successful prototype has been developed and it is ready for the industry. Paul Stein, the Chief Scientific Officer of Rolls Royce described the aim of this programme. “Through this programme, we are seeking to identify technologies or techniques in industries outside of which Rolls-Royce usually operates, and in small and medium sized companies Rolls-Royce does not currently work with,” he explained.
Giving his opinion on the matter, Kishore Jayaraman, President of Rolls Royce India, was quoted as saying, “India is home to some of the world's most innovative small and medium sized companies. We are looking to tap into that depth of expertise and knowledge to discover new solutions that can help us advance our own products, processes and services.”