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US war aircraft manufacturers Lockheed Martin will soon invite innovation ideas through its annual scheme meant for start-ups and university students to take forward their ideas and enable them enter the market.

"Applications for this programme, launched in 2007, will be received from March 21. It looks for start-ups and university students, who have got innovation, and they may be allowed to take their ideas to the next stage, enabling them to enter the market," Lockheed Martin India, Chief Executive Phil Shaw was quoted as saying in a release here.