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In India, Lockheed Martin to Focus on Women-led Startups

In India, Lockheed Martin to Focus on Women-led Startups

Having supported startups in India for more than a decade, many of which were led by women, Maryland-based Lockheed Martin plans to invest in technology startups, with a special focus on women-founded ones, says its deputy executive vice president Lorraine M. Martin.

Planning in a startup
Martin recounted initiatives to encourage women to join the technology manufacturing workforce and toward inspiring them at early ages towards science, technology, engineering and math. She said, “We (at Lockheed Martin) would like to have half the workforce as women, which is what our population is. All the studies have shown that diverse workplaces are more productive. Studies show that companies with women in senior leadership perform better.”

 Lockheed Martin’s India Innovation Growth Program offers $2 million a year of resources and mentoring to startups through competition. The company has partnered with the Government of India, Department of Science and Technology, and with the Tata Trust, that has helped to double their resources, Martin told the Economic Times.

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