India Innovation Summit- Season 6
It was the time for innovators to congregate for the annual CII event at Bengaluru, chaired by Kris (Infosys) the summit is becoming more popular and meaningful than ever. This time around the 2 day bonanza for the innovators & students was arranged at the Taj Residency. The venue was buzzing with activity for 2 days, where each session was replete with learnings for all. The event was also a perfect setting for networking. This summit was sponsored by many corporate and also supported by The Government of Karnataka. The days were split into sessions dedicated to various themes; the illustrious panellists would moot their ideas around the session theme building up the interest of the audience. The audience were then given an opportunity to question the panellists (though this backfired on day2 when the Q & A session was wavered and not related to the session topics).
On day 2, the topic of Session 4 was “Is India Innovating?”, a very interesting question to which the panellists univocally responded in positive. Without much ado, the session chair, Vijaykumar (Wipro) initiated and gracefully handed over the proceedings to the panellists, first on the list was budding entrepreneur Manoj Kumar Mandelia (Canopus India) who elaborated how his start-up ventured into waste water management and explained the Innovation attribute in the venture. Next in line was Arvin Baalu (Harman) who explained about his company’s exposure in audio Innovations. He went on to say that to sustain and grow their company is extensively innovating and believed that only innovation could allow them to sustain their current market presence. Rahul Basil (Villgro Innovations) then took the talk to a different level by explaining how there is Innovation in rural India; his talk was embedded with various examples of how the huge rural India is actively innovating. The session moved on to Preetha Reddy (Apollo hospitals) who charmed the audience with her elegance and clear thoughts. She pointed out to the audience that the whole world is watching India for healthcare innovation, she said success stories like the jaipur foot, narayana hrudayalay’s heart care, and various others are making other countries to sit up and watch us. Telemedicine has caught up so fast that today India is probably moving faster than others; she explained that healthcare in India is no more conservative; India is fastly adopting the latest in technology and is also investing heavily. The limelight then shifted to Chetan Maini, who unfolded the Innovation at Reva, Mahindra Reva. He explained that his company not only adopted product Innovation but also tried at business innovation. Reva sold their first 1000 cars in UK without investing a single pound on setting up a showroom, a true example of business plan Innovation. All the panellists related their field of work and explained to prove the point – “India is innovating”.
CII is doing a wonderful job by providing such a platform for innovators and alike. CII had associated with Global Investors Meet (GIM), probably the next GIM should be GLOBAL INNOVATORS MEET at Bengaluru. Cheers.
Saturday, June 19, 2010
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
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
Friday, April 23, 2010
Linking Cricket - IPL & Innovation
The buzz word around Indian sports revolves primarily on Cricket. The latest event making it to the top is the IPL (Indian Premier League). The concept/business model itself is an innovation. When the sport looked almost saturated, there came an innovation, a spark of fire which ignited the entire cricketing community with unknown fire & energy. Followers of the game sat glued to the TV sets, so much so that most of the streets ran empty during match timings.
Rules are made to be broken – an old saying, but IPL has adopted this by bending the traditional barriers. The format, the team composition, the economy and the sheer size is a total change from the orthodoxy which the game was known for. Even a small modification in the gaming tradition - like including cheerleaders, was seen as a sin during the first season of IPL, but today it has become order of the day.
The sport gear has also seen a plethora of innovations. The ‘mongoose’ bat, the new design shoes, the modified helmets, and many other accessories stand testimonies for innovations triggered by IPL.
A trendsetting movement always attracts innovators not only from that particular field but also from other fields. IPL did not make only cricket fraternity to innovate; it also opened the platform for the media to innovate. There was a live coverage of the match in 3-dimensional format, a concept put into use for the first time in India. This integrated technology innovation into a sporting innovation. Even the hotel industry innovated by offering live coverage & special events along with their F&B . IPL opened doors for innovators in advertising field, media, accessories manufacturers, hotel industry and various other fields linked to the event directly or indirectly.
Innovation happened even on the field; cricketers played the game with new methods that were beyond imagination. Improvised batting techniques, variations in bowling methods, each department of the game saw innovations.
IPL – a classic example of “Innovations in Cricket”.
Credit : Rakesh Babu
Rules are made to be broken – an old saying, but IPL has adopted this by bending the traditional barriers. The format, the team composition, the economy and the sheer size is a total change from the orthodoxy which the game was known for. Even a small modification in the gaming tradition - like including cheerleaders, was seen as a sin during the first season of IPL, but today it has become order of the day.
The sport gear has also seen a plethora of innovations. The ‘mongoose’ bat, the new design shoes, the modified helmets, and many other accessories stand testimonies for innovations triggered by IPL.
A trendsetting movement always attracts innovators not only from that particular field but also from other fields. IPL did not make only cricket fraternity to innovate; it also opened the platform for the media to innovate. There was a live coverage of the match in 3-dimensional format, a concept put into use for the first time in India. This integrated technology innovation into a sporting innovation. Even the hotel industry innovated by offering live coverage & special events along with their F&B . IPL opened doors for innovators in advertising field, media, accessories manufacturers, hotel industry and various other fields linked to the event directly or indirectly.
Innovation happened even on the field; cricketers played the game with new methods that were beyond imagination. Improvised batting techniques, variations in bowling methods, each department of the game saw innovations.
IPL – a classic example of “Innovations in Cricket”.
Credit : Rakesh Babu
Thursday, April 22, 2010
Sunday, April 18, 2010
Knowledge Network - Leading Invention across borders
http://www.technologyreview.com/web/24642/
“Inventing across borders” it is evident that globalization of R&D is key in emerging Innovation trends through knowledge network leading to inventions. In Indian context, more than 70% of Patent applications are filed by foreign nationals as key inventor, your coverage brought out that innovation connection setting trend. This cross pollination of ideas and market is forcing the labs to network for their innovation efforts. It is further evident that companies moving a part of the R&D efforts outside their home country are not just a part of time zone or cost benefit. They stay-on for innovation through knowledge collaboration. The question now is whether the next wave of export will be Innovation through network of R&D’s across borders. It is surprising that knowledge network is less appreciated in asia-pacific specifically in Korea and Japan... is it due to language barriers?.
Innomantra Salutes Prof. C K Prahalad
Innomantra Salutes 'Global Innovation Guru Prof. C K Prahalad' for his contribution to the Management world. May his soul rest in peace.
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