Saturday October 21, 2017
Home India Innovation ta...

Innovation takes centre-stage at CII summit

0
52
Source: Google images

Source: Google images
Source: Google images

Bengaluru: The theme of the summit is ‘Realising the National Dream – Scaling local innovation’.

“Creating a vibrant start-up ecosystem in rural areas is the key to achieving the goals and more companies should move from the startup stage to small and medium enterprises stage and into global MNCs,” Gopalakrishnan, also the chairman of India Innovation Summit, said.

He praised e-commerce player Flipkart for achieving valuation worth billions of dollars after starting out on a small scale.

Gopalakrishnan said CII has come out with the tools and techniques needed for addressing the question of how to create a vibrant start-up ecosystem in tier two and three cities.

V. Manjula, principal secretary, department of information technology, bio-technology and science and technology, Karnataka, said India exploited only a fraction of its innovative capability despite being a nation known for its improvisation.

“There is a lot to accomplish and the silver lining is the demography of India,” said Manjula.

Manjula said the Karnataka government established a start-up warehouse and proposed to set up an innovation fund. The Karnataka government has also launched nine innovation centres for engineering colleges.

Mohan Sekhar, senior MD, Accenture highlighted on the need of frugal innovation and praised Tata Group for implementing it in some of its products.

He specifically focused on Tata Chemicals water purifier Tata Swachh for not using electricity and just rice husk for purifying water frugally.

“It is all about innovation, where ever you stay — whether in the Silicon Valley or anywhere else. Innovation is shaping the future of mankind and the future of corporate India and the Indian government,” added Sekhar.

The two-day summit, brainstorming on innovation, has scheduled panel discussions on ‘Make in India’, agriculture and agro products, smart cities, financial inclusion, infrastructure for transportation, entrepreneurship and Clean Ganga Misson by eminent speakers and industry experts.

(IANS)

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Next Story

Why is the Scene of Entrepreneurs in India Distant?

0
50
Entrepreneurs in India
Business Startup. Pixabay

New Delhi, July 28, 2017: What is entrepreneurship? It is the capacity and willingness to develop, organize and manage a business enterprise along with risk factors in order to make a profit. This implies that there is no business without risk.

There are many obstacles that trouble a growing entrepreneur in India. This doesn’t mean that there aren’t any entrepreneurs in India, but rather the number of entrepreneurs springing up is not an encouraging figure.

Here are some of the reasons for fewer entrepreneurs in India:

 Brittle family system

This issue bothers entrepreneurs in India because of the stronger family ties that we Indians have. Family support is always absent in such cases. Parents always prefer their children to take up a conventional 9-5 job rather than take up a risky business venture where there is no guarantee that the venture will work out and a high level of risk is involved.

Government ordinances

A few business ventures that break free from the restraints of the usual problems get caught in the outmoded policies of our government. The framework of our administrative system limits the organic development of the enterprises.

Low Internet usage in India

The majority of the innovations in the world occur at internet space. The internet usage percentage stands low at 5% in India. Such a small number makes it really difficult to bring in money and few entrepreneurial ventures.

Also Read: Most Indian firms see Employee experience as a critical aspect of achieving their Business Objectives

Indian education system

The main reason for low innovation in entrepreneurship is our educational system. Our education system hardly focusses on innovation right from its inception. Without an innovative idea, no entrepreneurial venture can sustain itself beyond the initial stages.

Bottom Line

India being a developing nation hasn’t made much progress in the direction of innovation. What we really need to do is mold young minds and inspire them to think creatively. They should be encouraged to let go of their impediments and take the risk to tread a path that’s not yet been explored.

– by Naina Mishra of Newsgram. Twitter @Nainamishr94


NewsGram is a Chicago-based non-profit media organization. We depend upon support from our readers to maintain our objective reporting. Show your support by Donating to NewsGram. Donations to NewsGram are tax-exempt. 

Next Story

Designed by a 19 year old Patna Girl, Adjustable Walker is a boon for Disabled and Elderly

Sahlini, a teenage girl innovates a walker with flexible legs to facilitate walking in uneven surfaces

0
115
A disabled Person (representative image), Pixabay

New Delhi, Mar 17, 2017: Special modified walker having adjustable legs designed by a 19 year old girl to help the differently-abled and elderly to climb up and down stairs.

A resident of patna, Shalini Patwari who designed the walker is one of the 14 persons- who are currently living at the Rashtrapati Bhavan for a two-week in-residence programme as guests of the President. The team includes artists, innovators and writers.

NewsGram brings to you latest new stories in India.

Shalini told the PTI that the idea struck her when she saw her grandfather struggle with the walker while climbing stairs. The traditional walkers are not suitable for walking on uneven surfaces.

“It is really difficult and sometimes impossible for the elderly, differently-abled persons or those recuperating from lower limb problems to climb up or down the stairs using conventional four-leg walkers,” she said.

Shalini noted through observations that the four-legged walkers were not flexible and failed to provide support while climbing stairs, so making them flexible was the key.

“My grandfather enjoyed walking on the terrace, but found it difficult to walk up the stairs. It was then I decided to prepare a modified walker with adjustable legs,” Shalini said.

Shalini sent her proposal to make modified adjustable walkers to the National Innovation Foundation (NIF), an autonomous body of the Department of Science and Technology set up to provide institutional support to innovators, and her idea was appreciated by officials who assured her all possible help in making her dream project a reality.

With the help of the NIF, the walker was finally prepared with self locking, spring loaded front legs Shalini said. For her innovation, Shalini has won a number of awards including the IGNITE award of the NIF.

Go to NewsGram and check out news related to political current issues.

The modified walker, costing nearly Rs 3000, has an innovative self-locking mechanism which enables the front legs to be raised while climbing up stairs, and to be lowered while climbing down.

“It is very stable, light weight, adjustable to all sizes of stairs and can also be used while walking on inclined surface. This walker is useful for children, elderly people and specially abled persons,” she said.

The walker has been designed ergonomically and weighs four kilograms. The walker is suitable for use by anyone, irrespective of the person’s weight and height.

Shalini said that a number of companies had shown interest in her innovation and she hopes it will be soon available in the markets.

The participants of the In-Residence Programme said they were deeply thankful to the President as they got an opportunity to interact with prominent people, including ministers.

“It has been an amazing experience living here at the Rashtrapati Bhavan. I met President Pranab Mukherjee on Wednesday with the group. I feel encouraged and motivated after meeting him,” she said.

Look for latest news from India in NewsGram.

The group includes artists Dheeraj Yadav and Rahul Shailendra Kokate, writers Dr Ashokkumar P Chavda and Prabal Kumar Basu, and innovators Surjeet Singh, Moa Subong, Girish Badragond, Mansukhabhai Prajapati, Subhash Ola, Paresh Panchal, Santosh Pachar, Ajay Kumar Sharma, Shalini Kumari and Akash Manoj.

They said that they were infused with fresh energy and enthusiasm after meeting the President and were determined to contribute to the welfare of the society in their own way.

– prepared by Nikita Saraf, Twitter: @niki_saraf

Next Story

Celebrating India globally: MIT India Conference to build on ‘Startup India’ initiative

0
102
Startup India
Image source: huffingtonpost.in

Washington: Celebrating India’s achievements, the MIT India Conference will focus on how to create a thriving startup ecosystem in India to put Prime Minister Narendra Modi’s “Startup India” initiative into action.

Organized by the MIT Sloan School of Management in collaboration with the greater MIT community in Cambridge, Massachusetts on April 3, the conference plans to address all levels of entrepreneurship, according to a media release.

These include from scaling startups and addressing the challenges early startups face to social endeavours and sustainability.

With the “Startup India” initiative receiving a five-fold increase in its funding along with government plans to open new startup incubators, the objective becomes how best to sustain and build off of this momentum, it said.

This year’s conference will also feature a showcase of innovative projects being developed by MIT students and researchers with potential application for India.

The MIT India Conference aims to celebrate the achievements of India globally, as well as discuss future collaborations between India and the world that could help accelerate innovation into the future. The MIT-India conference has established itself as an important forum for leaders in industry, academia, and policy to discuss current issues and future innovations in the context of India, in the region and abroad, the release said.

Slated speakers and panellists include Arvind Subramanian, Chief Economic Adviser, Government of India; Mukesh Aghi, President, US-India Business Council; Gururaj Deshpande, Founder-Chairman, Sycamore Networks and Ashish Hemrajani, Founder-CEO, BookMyShow.com.

Others include Sorin Grama, Founder-CTO, Promethean Power Systems; Nishant Rao, COO, Freshdesk; Vivek Prabhakar, Founder-CEO, Chumbak; Anuradha Acharya, Founder-CEO, MapMyGenome India; Akash Bhatia: Founder-CEO, Infinite Analytics; Venkat Maroju, CEO, SourceTrace Systems; Anjana Reddy, MD, Universal Sportsbiz Pvt. Ltd and Zenobia Moochhala, Co-Founder, Care.com. (Arun Kumar, IANS)