New Delhi: US defense major Lockheed Martin on Wednesday officially honored the victors of India innovation growth programme, established by the company in February together with IC2, a University of Texas institute for technology commercialization and industry body FICCI.

Out of 14 companies that were chosen for the honor, seven were presented gold medals whereas the rest were honored with silver medals.

Ray Johnson, Lockheed Martin Corporation Senior Vice President said, “We would provide them every kind of help including training, financial support and other expertise in commercializing their innovations.”

In January, Lockheed Martin instigated the two year project aspiring to encourage the advancement in India. In this project, the company would assist Indian businessmen to initiate early-stage commercial technology throughout the world.