Innovation, Entrepreneurship and Incubation

1. Innovation, Entrepreneurship and Incubation Dr. Anita Gupta Joint Director National Science & Technology Entrepreneurship Development Board, (NSTEDB) Department of Science and Technology Govt. of India.

2. India’s contributionon Innovation What World leader says…. Indians unlocked the intricacies of the human body and the vastness of our universe. And it is no exaggeration to say that our information age is rooted in Indian innovations --including the number zero – Barack.H. Obama, President of USA , 8th Nov. 2010, New Delhi

3. RETRACING HISTORY OF GROWTH Knowledge-based Economy Industrial Economy Agricultural Economy Retracing Growth • Science & Technology • Innovation • Entrepreneurship • Capital • Machinery • Management • Land • Labour • Natural • Resources

4. CHANGING DEMOGRAPHIC PROFILE India enjoys the demographic dividends with 29% share of graduate engineers and a projected median age under 30 by 2025. Knowledge resource + Human capital

5. INDIA ….AN EMERGING MARKET 135 million rural households India has billion people, but… 65 million urban HH in India is a large market but only at the right price point

6. National strategy to make development more inclusive. The emphasis is on shaping a national-level innovation System across all sectors and facilitate innovation by micro, small and medium enterprises. Cost Effective Innovation and Business Model targeting Inclusive Growth. Largely based on Domestic demand and consumption rather than exports. OUR NEW AGENDA

7. S&T outputs as trend indicators of Indian Science sector since 2005 aUNESCO Science Report, 2010, chapter on India, p 363- 377

8. Changing Role of DST DST is the arm of the Government , Ministry of Science and Technology for the promotion of science and technology Playing a participative and proactive role in coupling S&T sector to the developmental growth agenda of the Nation To position India as global leader in Science To deploy science as core for the national development To translate S& T development outputs to market and society INSPIRE , PURSE , SERB NSTEDB TDB

9. Innovation to Market Value Chain What is possible with technology What is desirable to users What is viable to marketplace

10. CHALLENGES WE FACE THE CHALLENGES THAT WE FACE GREAT MIND BUT GREATER MIND SET YET TO LEARN TO NETWORK & COLLOBORATE GREAT INDIVIDUALLY BUT POOR AS A TEAM USUAL THIRD WORLD ISSUES OF DELAYS, INFRASTRUCTURE OPPORTUNITY VS. NECESSITY BASED ENTREPRENEURSHIP CREATING A FERTILE GROUND & STILL BROADER VISION

11. Fostering Innovations : National Efforts Recent Initiatives National Innovation Council National Innovation Foundation National Innovation Fund INNOVATION AND ENTREPRENEURSHIP ECOSYSTEM CULTURE AND MINDSET

12. Innovation Clusters Water Technologies ( WAR on Water) Solar Technology Initiative Lokheed Martin-DST Innovation Growth Program National Innovation Fund National Center for Aerospace Innovation and Research (NCAIR) Indian Fund for Sustainable Energy (INFUSE) DST and MSME Foundation DST and District Authorities , NGO’s DST , IITs and Thermax Pvt. Ltd DST, Lokheed Martin, IC2 Institute , FICCI, IUSSTF DST, NASSCOM, TCS, Bharti Airtel, DST , IIT –Bombay, The Boeing Corporation MNRE, TDB, British Petroleum, IIM Ahmedabad PPP Models on Research , Innovation Commercialisation

13. NSTEDB NATIONAL SCIENCE AND TECHNOLOGY ENTREPRENEEURSHIP DEVELOPMENT BOARD

14. WHY TECHNO-ENTREPRENEURSHIP Nature Vs Nurture • Innovation is at the heart of purposeful change, and the entrepreneur is the mechanism to capture that change, and transform it to create economic or social purpose. • Entrepreneurs (Economic DNA) play a fundamental role in bringing new technologies to market. • Technologies are often configurable to serve a variety of different markets • Entrepreneurs identifymultiple opportunities to serve unmet market needs

15. NSTEDB role in nurturing Entrepreneurship Technology intensive knowledge based venture promotion Entrepreneurship education and Training Bottom of the pyramid- Grass root and inclusive growth Technology Led Economic Growth

16. Elements of Incubation Program INNOVATIVE IDEA MENTORS GOVT. SUPPORT TEAM NETWORKS SERVICES INNOVATIVE FINANCE

17. Incubator offerings Access to skills and competencies Access to financing Access to the market Environment for innovation

18. Indian Incubation Program Profile of Indian Incubator • Project cost : US $ Two million • DST Contribution : 30% - 70% • Average number of tenants : 8-10 • Average Tenancy period : 2 years • Successful Incubated Ventures : 5 per annum • Incubatee/start-ups in business after graduation: nearly 70% • Legal Status : Not for profit registered society/section 25 company • Self sustainability : 6-7 years Over 60 + Incubators, 2300 + new Enterprises, 150 + new products and innovations, 10,000 +new jobs

19. Key Characterstics of Indian Incubation Program • Building or facilities • Effective Incubation Program Management structure, Good team, Capacity building, Incubatee Scouting and Selection, Mentoring, Seed support funding, Angel and VC Fund raising , Incubator sustainability, document successes and failures, reward and motivate

20. Changing Face of India:Young Turks • Climate control Apparel /gadgets : ClimaCon, an innovative patent protected technology with novel , efficient heat transport mechanisms using principles of Peltier Effect. • MIT Business plan in 2005 • Innovation Pioneer’s challenge 2008 • Innovator of the year 2010 Technology Review • Top 100 fastest growing start-ups in Asia 2010 • Top 200 of the world red Herrings USA 2010 • Incubation support at NID Ahmedabad 2008-2010 and TDB Support 2011 • `

21. Kranti Kiran Vastakulawww.dhammainnovations.com • Key Features • Adjustable Thermal Comfort • Nanotechnology enabled State-of-the-Art construction. • Lightweight as compared to the existing alternatives. • Aesthetic, failure tolerant, easy to use and to have absolutely no moving parts. • Compliments natural thermoregulation of the body with strategic location of heating/cooling points on body areas where sweat production is minimal and there is a high concentration of blood vessels. • Extremely functional, user-friendly and eco-friendly technology

22. The Power of Ideas is an entrepreneurial platform created by The Economic Times in association with the Department of Science and Technology to seek, reward, nurture and groom business ideas by connecting them with relevant evaluators, mentors and investors... 16000 ideas 800 shortlisted 75 awarded 25 funded

23. Pharma and Biotech Hub: Hyderabad IKP Knowledge Park (IKP) nestles in a 200-acre pollution free zone in Genome Valley, Hyderabad. Currently, the 140,000 sqft. Innovation Corridor 1 with 84,000 sqft of wet laboratory space is operational. Around 35 acres of land has been developed with utilities for customised R&D centres in life sciences.

24. TECHNOPARK TRIVENDRUM : Harmony @ Work Excellent and Conducive Ambience Spread over nearly 300 acres with 4 million sq. ft. of built-up space Technopark hosts over 195 IT employing over 28,000 IT professionals.

25. Nanotechnology Research Innovation and Incubation Center Knowledge Partners : University of Arkansas, USA Hosts: PSG-STEP, Coimbatore

26. Technology Market place .. Other Govt. led programmes • Technopreneur Promotion Programme (TePP) • Technology Development and Demonstration Programme(TDDP) • The National Research Development Corporation ( NRDC) • Small Business Innovation Research Initiative (SBIRI) • CSIR Tech Pvt. Ltd. • Software Technology Parks of India (STPI) • Support to Innovators by MSME • Venture Capital Funding Mechanisms

27. Bringing Affordable Indian Innovations in Market • Education Sector: Aakash Tablet PC($35) • Automobile: Nano Car($2000) , Reva Electric Car ($5000) • Agri Sector: Mobile App for farmers • Health Care: Narayana Hrudayalaya, Bangalore , business-process innovation • Drugs and Pharma: Novel antibody-based cancer drug, BIOMAb EGFR. : Biocon, Rotovac: $1 diarrhoea vaccine : Bharat Biotech • Low cost Prosthetics: Jaipur Foot ($100)

28. THANK YOU DAWN OF A NEW ASIAN AGE