international innovation, sustainability & entrepreneurship summit, 2014, iit delhi

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


Why India Needs to INNOVATE?

International Innovation, Sustainability & Entrepreneurship Summit, 2014 - IIT Delhi


Technological Social

Procedural / Admin Financial

Innovation is Multi-Dimensional


Opportunities for Innovation


Education / Skills development Health

Defence / Agriculture Climate change

Internet of Things

IOT


4


Kodak Vs Fuji



Canon came out with Digital Photography


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




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�  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


Kuldeep Singh Rajput

$ 10 Mobile App with 3 year Warranty !!!


�  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


Deal worth around Rs 50 crore ($ 8.3 million)


Disruptive Innovation © 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



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


Cultural Change?


�  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 !


Anytime is a good time to innovate and be an entrepreneur


Policy Enablers





3

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


www.facebook.com/rajendragupta www.twitter.com/rajendragupta


Rajendra Pratap Gupta Co-Chair
