International Innovation, Sustainability & Entrepreneurship Summit, 2014
Rajendra Pratap Gupta Co-Chair
Innovation Working Group -Asia
SEPTEMBER 26, 2014 @ IIT DELHI
© Rajendra Pratap Gupta . Email: [email protected]
� USA- IP intensive industries support at least 40 million jobs in the US and contribute to more than 34.8 % of the US GDP
� EU- IP Intensive industries account directly for 26 % of all the jobs (56 million) and generate 39 % of all economic activity
� South Korea in 80’s was same as India, and today, it is a developed nation with GDP per capita of USD 23000; driven by innovation fuelled growth
� iPhone 5 could single handedly lift the US GDP by as much as 0.5 % - J.P. Morgan 2012
� If India needs to grow double-digits, innovation has to lead every sector; and it is not just incremental , but break-through innovation that India needs
© Rajendra Pratap Gupta . Email: [email protected]
Why India Needs to INNOVATE?
International Innovation, Sustainability & Entrepreneurship Summit, 2014 - IIT Delhi
© Rajendra Pratap Gupta . Email: [email protected]
Technological Social
Procedural / Admin Financial
Innovation is Multi-Dimensional
International Innovation, Sustainability & Entrepreneurship Summit, 2014 - IIT Delhi
Opportunities for Innovation
© Rajendra Pratap Gupta . Email: [email protected]
Education / Skills development Health
Defence / Agriculture Climate change
Internet of Things
IOT
International Innovation, Sustainability & Entrepreneurship Summit, 2014 - IIT Delhi
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© Rajendra Pratap Gupta . Email: [email protected]
Kodak Vs Fuji
International Innovation, Sustainability & Entrepreneurship Summit, 2014 - IIT Delhi
© Rajendra Pratap Gupta . Email: [email protected]
Canon came out with Digital Photography
International Innovation, Sustainability & Entrepreneurship Summit, 2014 - IIT Delhi
Dr. Abhishek Sen, 28yrs Univ of Washington IIT Bombay,T.N.Hospital Doctor & Engineer
Aman Midha,34yrs IIT Delhi,NIT-B Tata Motors Design & Production
Myshkin Ingawale,31yrs McKinsey, MIT IIM-Calcutta, NIT-B Engineer & Finance
Dr. Yogesh Patil,29yrs IIT Bombay, Exec MBA T.N. Hospital Doctor & Marketer
� Non-invasive Hemoglobin measuring device for Anemia
� Mobile based Urine analyzer for Urinary Infections, Pre-eclampsia (Pregnancy), Kidney & Diabetes complications
� World’s most affordable glucose strips and meter for Diabetes screening, Diagnosis and monitoring
Data Analytics in Cloud All 3 devices of Biosense can send data to cloud based central server. Epidemiological reports & data entries with geo-spatial tagging can generate smart reports for timely interventions
T E AM
P RODUC T
DA T A
© Rajendra Pratap Gupta . Email: [email protected]
© Rajendra Pratap Gupta . Email: [email protected]
International Innovation, Sustainability & Entrepreneurship Summit, 2014 - IIT Delhi
© Rajendra Pratap Gupta . Email: [email protected]
International Innovation, Sustainability & Entrepreneurship Summit, 2014 - IIT Delhi
74bmp
� The device will be useful in rural areas were trained medical staff is not available
� Heart Rate monitor � Live ECG display/recording � Secure ECG data storage on the cloud (Big
Data) � ECG Analysis (Expert review on ECG data) (Big
Data Analysis) � Automated diagnosis for Irregularities in heart
rhythms and Atrial Fibrillation � Web-Based Application to be used by experts
for monitoring
© Rajendra Pratap Gupta . Email: [email protected]
Kuldeep Singh Rajput
$ 10 Mobile App with 3 year Warranty !!!
International Innovation, Sustainability & Entrepreneurship Summit, 2014 - IIT Delhi
� Founders: IIT-Guwahati alumni - Niketh Sabbineni, Aditya Bandi & Ashwik Reddy
� Going from creation to acquisition in just 1 year � Team Size: 8 � Revenue: Rs 1 crore per annum � Technology Focus: Enables customers to create
and format text documents online and also collaborate with other people in real time
© Rajendra Pratap Gupta . Email: [email protected]
Deal worth around Rs 50 crore ($ 8.3 million)
International Innovation, Sustainability & Entrepreneurship Summit, 2014 - IIT Delhi
Disruptive Innovation © Rajendra Pratap Gupta . Email: [email protected]
International Innovation, Sustainability & Entrepreneurship Summit, 2014 - IIT Delhi
© Rajendra Pratap Gupta . Email: [email protected]
Disruptive Innovation International Innovation, Sustainability & Entrepreneurship Summit, 2014 - IIT Delhi
Clan Culture Thrust –Collaborate
Means– Cohesion
Ends – Morale, People Development
Adhocracy Thrust –Create
Means– Creativity, Adaptability, Agility
Ends – Innovation, Growth, Cutting Edge Output
Hierarchy Thrust –Control
Means– Capable Process
Ends – Efficiency, Timeliness, Smooth Functioning
Market Thrust –Compete
Means– Customer Focus
Ends – Market Share, Profitability, Goal Achievement
Competing Values
Framework
© Rajendra Pratap Gupta . Email: [email protected]
International Innovation, Sustainability & Entrepreneurship Summit, 2014 - IIT Delhi
Stability & Control
Flexibility & Discretion
External Focus & D
ifferentiation
Inte
rnal
Foc
us &
Inte
grat
ion
� Bureaucrats need to re-orient their thinking; from administration to development
� Create an enabling ecosystem for innovative start-ups
� Give up the taboo on Profits and Failures � Have the Audacity to think BIG despite odds
© Rajendra Pratap Gupta . Email: [email protected]
Cultural Change?
International Innovation, Sustainability & Entrepreneurship Summit, 2014 - IIT Delhi
� Initiate now or immediately after your academics – Big Risk
� Like minded friends get together, start-up and seek angel investors – Safe Mode
� Do a job , save money and start-up – When all traffic lights turn green
� BUT , don’t wait for your retirement !
© Rajendra Pratap Gupta . Email: [email protected]
Anytime is a good time to innovate and be an entrepreneur
International Innovation, Sustainability & Entrepreneurship Summit, 2014 - IIT Delhi
Funding is never an issue © Rajendra Pratap Gupta . Email: [email protected]
International Innovation, Sustainability & Entrepreneurship Summit, 2014 - IIT Delhi
Policy Enablers
© Rajendra Pratap Gupta . Email: [email protected]
International Innovation, Sustainability & Entrepreneurship Summit, 2014 - IIT Delhi
© Rajendra Pratap Gupta . Email: [email protected]
International Innovation, Sustainability & Entrepreneurship Summit, 2014 - IIT Delhi
© Rajendra Pratap Gupta . Email: [email protected]
International Innovation, Sustainability & Entrepreneurship Summit, 2014 - IIT Delhi
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© Rajendra Pratap Gupta . Email: [email protected]
International Innovation, Sustainability & Entrepreneurship Summit, 2014 - IIT Delhi
© Rajendra Pratap Gupta . Email: [email protected]
International Innovation, Sustainability & Entrepreneurship Summit, 2014 - IIT Delhi
© Rajendra Pratap Gupta . Email: [email protected]
International Innovation, Sustainability & Entrepreneurship Summit, 2014 - IIT Delhi
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© Rajendra Pratap Gupta . Email: [email protected]
International Innovation, Sustainability & Entrepreneurship Summit, 2014 - IIT Delhi
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Jobs vs Entrepreneurs © Rajendra Pratap Gupta . Email: [email protected]
International Innovation, Sustainability & Entrepreneurship Summit, 2014 - IIT Delhi
Innovation is about creating value , societal impact and also, financial returns. It is meant for
adventurers, radicals , dreamers & outliers; who believe in a new paradigm. It needs conviction ,
hard work and perseverance .
Rajendra Pratap Gupta
© Rajendra Pratap Gupta . Email: [email protected]
www.facebook.com/rajendragupta www.twitter.com/rajendragupta
© Rajendra Pratap Gupta . Email: [email protected]
Rajendra Pratap Gupta Co-Chair
International Innovation, Sustainability & Entrepreneurship Summit, 2014 - IIT Delhi