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Topic9-UtkershSagreiya - UtkershSagreiya MDI,Gurgaon...

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W INNER CRISIL Y OUNG T HOUGHT L EADER 2010 Utkersh Sagreiya MDI, Gurgaon What will it take for India to come up with an innovative revolution like Google?
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Table of Contents TABLE OF ABBREVIATIONS ............................................................................................... 3 LIST OF FIGURES AND TABLES .......................................................................................... 4 EXECUTIVE SUMMARY ....................................................................................................... 5 INNOVATION IN INDIA ......................................................................................................... 6 ISSUES AND CHALLENGES ................................................................................................. 6 Disregard for Intellectual Property (IP) ................................................................................. 6 Skewed Educational System .................................................................................................. 7 Lack of Risk Capital ............................................................................................................... 8 Low Risk Appetite for Intangibles ......................................................................................... 8 Monopsony in organizations .................................................................................................. 8 Organizational Structure & Processes .................................................................................... 9 THE NETWORK OF INNOVATION .................................................................................... 10 Government – The Enabler .................................................................................................. 11 Financing Innovation ............................................................................................................ 12 Universities: Education Initiatives ....................................................................................... 13 Corporate/ Organizational Initiatives ................................................................................... 15 Socio-Cultural Norms .......................................................................................................... 16 CONCLUSION ........................................................................................................................ 17 APPENDICES ......................................................................................................................... 18 REFERENCES ........................................................................................................................ 21 AUTHOR’S PROFILE ............................................................ Error! Bookmark not defined. 2 | P a g e
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TABLE OF ABBREVIATIONS NKC National Knowledge Commission IP Intellectual Property VC Venture Capitalist IPR Intellectual Property Rights WTO World Trade Organization TRIPS Trade Related Aspects of Intellectual Property Rights PPP Public Private Partnership SME Small and Medium Enterprise FDI Foreign Direct Investment ICT Information and Communication Technology NREN National Research and Education Network R&D Research & Development NGO Non-Government Organization CSIR Council of Scientific and Industrial Research NISTAD National Institute of Science Technology and Development Studies SPREAD Sponsored Research and Development program 3 | P a g e
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