Rolls-Royce to help Indian firms leverage technical solutions

Indian companies can now get an opportunity to leverage their technical solutions globally with the UK-based technology giant Rolls-Royce today launching a programme to identify partners to buy or license new and potentially beneficial technologies.
The India Open Innovation programme (IOiN-RR) is designed to identify small and medium size Indian organisations to buy or license technologies or techniques that are new and are outside its traditional areas of operation and potentially beneficial, a statement from the company said.
IOiN-RR would also provide Indian organisations with the opportunity to leverage their solutions globally, working with Rolls Royce, it said.
The companies would be judged on three critical areas of test and measurement, repair, inspection and servicing technologies 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 (avinash@nasscom.In). After an initial screening, shortlisted applicants will be invited to register online and submit a detailed proposal," it said.
The competing organisations should submit the solutions which are beyond concept stage and lie between a successful prototype and ready for industry stage.

"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," said Paul Stein, Chief Scientific Officer at Rolls-Royce.

Rolls-Royce India president Kishore Jayaraman said, "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."
Rolls-Royce is a world-leading provider of power systems and has its presence in the global markets in the field of civil aerospace, defence aerospace, marine and energy sectors.