IntroductionGRASSROOTS APPROACHMARKET BASED APPROACH•Inclusivity of social and political dimensions •Innovation seen as intermediate or partial solution •Focusing on social and environmental challenges•Free market dynamics and private enterprise•The quest for catching up increases poverty and inequality•Opening up of underexploited markets by MNCsINNOVATION
Market Based ApproachAccumulative learningAssimilative learningExplicit Or Objective LearningTacit or experiential learningDirect import of technology- embodied or disembodied, leading to adaptive R&DProduct market internationalization with markets as learning laboratories
Inclusive Innovation• Jugaad•Bottom of Pyramid (BoP)•Reverse innovation or trickle-up innovation Some Interesting TerminologiesWhat and Why?
Cases Studies from India
Nizamabad Innovation HubIT Secretary Telangana, Jayesh Rajan:“ There are large number of problems to be solved in rural areas and people who