Slide 1 - infoDev

World Summit on the Information
Society – Tunis 2005
"How Can Local Innovation be
Unleashed?"
SME – Key Findings
 Converting knowledge to technology requires
3-4 times the effort of early stage research
 In spite of increased research spending,
deloveping countries record of converting
knowledge to wealth and social benefits
remains weak
 Substantially more investment required to
convert technology into market ready
applications
 Industry receptor capacity is modest or
absent in many regions
SME – Key Findings (contd.)
 Research is only one element of the innovation
chain;
 Market oriented organizations are needed to
provide the foundation of commercialization,
 Enterprises that can build Products and process
engineering, prototyping, testing , early stage
production and validation are essential
components
 A major part the innovation gap is in “product
development and commercialization”,
SME’s have a “very” important role to play.
IndiaCo Enterprise Innovation Process
Invention
Innovation
Start-up
Ventures
Collaborative
R&D
Commerce
Enterprise
Enterprises
RISK
Basic Research
Applied Research
TIME
Technology Maturity
Market Maturity
Address Challenges of the 21st Century
 Strengthen support for innovation in SMEs – Management team,
resources and funding (not soft)
 Nurture the growth and creation of SMEs in technology clusters
– enable cooperation and “competition” through product focus
 Provide funding and support that is milestone based – reduce
risk by providing strategic direction to investment “Knowledge
,milestones and systems”
 Independence and self sustainability through market determined
policies – ensuring robust and mature companies (survival of
the fittest)
 Create “Competitive technology” and build Intelligence Capacity
– Platform to create and protect intellectual property, there by
ensuring long term growth and sustainability
 Link SMEs to sources of technology, nationally and
internationally - ensuring that SME’s get access to the best
possible technology
 Increase SME access to publicly funded research – ensuring
government support and participation
Enhance - "Parameters of
investment"
 Present an active role (by working with the management
team) in ensuring that the "Parameters of investment"
are met.
 Shareholder value in SME’s is enhanced; providing
avenues to expand existing product and service offerings
– sustain and build current revenue streams
 Infusing new technology
– ensuring future growth
 Assisting the company in developing new market
opportunities through M&A, strategic partnering,
innovative funding mechanisms
– expansion and growth mode
IndiaCo’s reasoning and
findings..
 Its always about creating imbalance and
change within an organization
 be self inflicted - by the enterprise
 be inflicted “on”- by competition or the
market
 Caused – by the team, shareholders
 become… – evolutionary determined by
the life cycle of the enterprise
Why do we Innovate?
Is it a push or a pull
 Team
–
–
–
–
–
Increase profitability
Investors
Enhance satisfaction
Save Money
Achieve great results and HAVE FUN
 Products & services
– Bigger, better bargain
– Find a new way to solve a problem
– Make a task easier, faster and / or more enjoyable
 Market
– Retain existing
– win new customers
– Eliminate competition
Thank you
Questions?
Contact
India:
214 IndiaCo iCenter
L.B.S Road, Pune 411030
Tel: +91-56021357
Fax: +91-24334978
www.indiaco.com
[email protected]
US Office:
9701 Wilshire Boulevard, 10th Floor,
Beverly Hills, CA 90212
Tel: +1 310 553 5777
Fax: +1 310 553 9405