Sri Divakaruni is Senior Director, Innovation Business Development (IBD) at United Technologies Corporation. IBD was formed as a corporate function in 2012 to leverage and monetize UTC's vast portfolio of technology and intellectual property (IP) into non-core markets and to develop business innovations for core markets. As Senior Director, Divakaruni engages with senior executives across UTC business units, technology companies and financial firms – including venture capital and private equity – to identify potential customers, develop business models and financial frameworks, and negotiate deals that include IP licensing or sale, third party incubation, and technology development partnerships.
Since 2012, Divakaruni and the IBD team have successfully closed several deals that provide significant financial value to UTC. Examples of deals led by Divakaruni include licensing UTRC’s flow battery technology to Vionx Energy and advanced composite material tank designs for the compressed natural gas vehicles market to ANGP Inc..
Prior to joining UTC in August 2012, Divakaruni spent 24 years with IBM in executive and technical management roles across the company’s hardware, software and services businesses and with IBM Research. He earned an M.S. in electrical engineering from Rensselaer Polytechnic Institute, Troy, New York, and a Bachelor of Science degree in materials/metallurgical engineering from the Indian Institute of Technology, Madras, India. He also holds a “Major Deal Maker” certification from the University of Pennsylvania’s Wharton School, Philadelphia.