Innovation, Entrepreneurship
and Incubation
Dr. Anita Gupta
Joint Director
National Science & Technology Entrepreneurship Development
Board, (NSTEDB)
Department of Science and Technology
Govt. of India.
India’s contribution on 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
RETRACING HISTORY OF GROWTH
Knowledge-based
Economy
Industrial Economy
Agricultural Economy
• Science & Technology
• Innovation
• Entrepreneurship
Capital
• Machinery
• Management
• Land
• Labour
• Natural
Resources
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
INDIA ….AN EMERGING MARKET
Number of HH in millions
120
India has
billion people,
but…
135 million rural households
102.1
100
80
60
40
17
20
10
3.9
1.9
1
0.3
0.3
360
520
840
1300
2240
0
60
180
260
HH Incom e in $ per m onth
Number of HH in millions
25
65 million urban HH in India
21.2
20
15.8
15
12.8
10
5.8
3.2
5
2
0.8
0.9
1300
3500
0
100
180
260
360
520
840
Monthly Household incom e in $
is a large market
but only at the
right price point
OUR NEW AGENDA
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.
S&T outputs as trend indicators of
Indian Science sector since 2005
No.
Parametric assessment Rate of recent
change
Relative
change
1
Scientific
publications
10-12% / year
2
Patent filing
20-22%(in
India)
3
Knowledge intensive ~30%
production a
4
High technology
inputs to exports a
13th to 9th or
15th to 10th
25th to 16th in
PCT filing
8.57% in 05
to 11.55% in
09
11.12% in 05
to 16.94% in
09
a
~35%
UNESCO Science Report, 2010, chapter on India, p 363- 377
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
Innovation to Market Value Chain
What is possible
with technology
What is
desirable
to users
What is viable
to
marketplace
THE CHALLENGES THAT
WE FACE
CHALLENGES
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
Fostering Innovations : National Efforts
Recent Initiatives
National Innovation Council
National Innovation Foundation
National Innovation Fund
INNOVATION AND ENTREPRENEURSHIP
ECOSYSTEM
CULTURE AND MINDSET
PPP Models on Research , Innovation
Commercialisation
• 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
NSTEDB
NATIONAL SCIENCE AND
TECHNOLOGY ENTREPRENEEURSHIP
DEVELOPMENT BOARD
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 identify multiple
opportunities to serve unmet market
needs
NSTEDB role in nurturing Entrepreneurship
Technology intensive
knowledge based
venture promotion
Entrepreneurship
education and Training
Bottom of the pyramidGrass root and inclusive
growth
Technology Led Economic Growth
Elements of Incubation Program
INNOVATIVE
IDEA
INNOVATIVE
FINANCE
SERVICES
Incubator offerings
Access to skills and competencies
Access to financing
Access to the market
Environment for innovation
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
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
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
`
Kranti Kiran Vastakula
www.dhammainnovations.com
Key Features
• Adjustable Thermal Comfort
• Nanotechnology enabled State-of-theArt 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
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
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.
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.
Nanotechnology Research Innovation and Incubation
Center
Knowledge Partners : University of Arkansas, USA
Hosts: PSG-STEP, Coimbatore
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
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)
DAWN OF A NEW ASIAN AGE
THANK YOU