Monday, May 17, 2010

Is there a specific trend for Innovation?

Man evolved into what he is today due to many inventions and innovations. From roaming around in jungles to today’s authority among living beings, man has travelled a long way. The basic innovations were based on necessities. The necessity for food forced the early man to innovate hunting techniques and tools, this trend caught up and he went on to master the art of tool making. The necessity for protection from fury of nature forced him to innovate in shelter making, this trend continues to date. The necessity to lead a healthy life forced him to search for medicinal properties in herbs and other sources in nature, this trend carries on with ultra modern innovations in medical field. Each walk of life is explicit with such examples.

Somewhere in the history the need based innovation, a branch of innovation popped out, this was innovation for lifestyle. He started innovating for not just necessities but also for luxury and fun.

Strangely, but surely there is a particular trend of innovation, whether innovations are for need or for luxury. There seems to be a spurt of innovations suddenly in one particular field. Although activities of innovating continue to happen in all walks of life, there are particular innovation-centric areas, which see incredible innovations. Innovators around the world strive to keep up the trend and emulate it.

There are many distinct examples to illustrate particular Trend in Innovation. These trends are evident and could be in communication, medical, aviation, food, transport, clothing, aerospace, weaponry, or any other walk of life.

Innovation itself innovates, and there is definitely a trend for it.

Saturday, May 8, 2010

Coming Soon : CII's Sixth India Innovation Summit 2010 - Bengaluru

Confederation of India Industry for the past five years has been successfully organizing a unique event, the suggestive name of this much touted event – “India Innovation Summit”. This congregation of innovators and corporate world brings in thought provoking and meaningful insights on the latest in Innovation. Each year the event carries a theme around which the summit revolves, the 5th India Innovation Summit theme was “Role of Innovation in an economic downturn – The India Advantage”.


The event attracts innovators and corporate world to a platform where new learning and meaningful results follow. During one of the previous summits the participants voiced the need to meet on a regular basis and thus evolved “The Innovation Forum”, as Kris Gopalakrishnan, chairman for the 5th Summit proudly shared this information. The Innovation Forum meets on a regular basis at Indian Institute Of Management –Bengaluru.

The 2 day India Innovation Summit included 9 sessions including panel discussions on key topics. Each session was headed by a Session Chairman had eminent innovators, speakers from industry and different walks of life (government representatives, politicians, stage artists, fashion designers, etc).


The keynote address was by Azim Premji. In his address Azim Premji highlighted the need of Innovation. In a startling revelation of statistics he mentioned that out of 500 fortune companies in 1957, only 74 survived to make it till the year 1997 and around only 30-40 survived till date. The data was relevant as these huge conglomerates ceased to exist due to lack of Innovation in the organization.


Each interesting session had lot of learning to offer for the participants. The Innovation Summit is getting better and better every season.

This year, the 6th Innovation Summit is around the corner (June, 2010). Watch out for this event which is going to be better than ever. Be there, be a part of the best in “INNOVATION World”.

Scribe : Rakesh

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