Our frugal future: Lessons from India's innovation systems
This event on 25 September 2012 will combine the launch of Nesta's comprehensive new report on Indian innovation and the next in the series of Hot Topics events.
Session 1: 09:00 - 10:30
The Indian innovation system: new strengths, persistent challenges, and opportunities for the UK
Innovation has raced up the Indian Government’s agenda in recent years, and the President has declared the next ten years the ‘Decade of Innovation.’ India’s scientific output has doubled in the last decade, and research budgets have grown up to 25 per cent a year, but how does this translate into excellence, and which strengths and weaknesses remain hidden from these measures? In addition to new insights from our own research, we welcome leading speakers from across business, academic research and policy about future opportunities and challenges.
Session 2: 10:45 - 12:15
What is frugal innovation and why could radical approaches underway in India have global implications for companies and public services alike?
With an exciting range of speakers, we will also take an in-depth look at one area the research uncovered as a distinctive specialism of the Indian system, and a timely opportunity for the UK: frugal innovation.
This isn’t just about innovation ‘on the cheap.’ As new Yahoo CEO, Marissa Meyer recently pointed out, ‘Creativity loves constraints.’ Frugal innovation is distinctive in both means and ends – using a range of techniques to overcome constraints from purchasing power to raw materials – often leveraging resources in new ways to achieve radical cost reductions and scalability, both in products and services. While India has no monopoly on frugal innovation, examples from across business and civil society point to fertile conditions and approaches that even global multinationals are beginning to take seriously.
To download the full report, please click here: http://www.nesta.org.uk/indian_innovation
- Mr Saurabh Srivastava, IT entrepreneur and venture capitalist spearheading the development of a new $1 billion Indian fund for inclusive innovation
- Dr Devi Shetty, pioneering heart surgeon and founder of Narayana Hrudayalaya health city in Bangalore (by live video conference)
- Professor Jaideep Prabhu, Director of the Centre for India & Global Business at Judge Business School and author of bestselling book, Jugaad Innovation
- Professor Gerard Parr, Chair in telecommunications engineering at the University of Ulster, instrumental in the development the first India-UK Advanced Technology Centre of Excellence in Next Generation Networks Systems and Services
- Dr Balram Bhargava, Executive Director of the India-Stanford Biodesign programme, a unique interdisciplinary programme to foster innovation in low cost devices which has so far led to over twenty patents
- Mr Mark Sinclair, Head of Science and Innovation, India for the UK Foreign and Commonwealth Office
1 Plough Place
How to register
To register for this event, please click here.
All enquiries should be directed to Dr Jaideep Prabhu.