“Role of Innovation & Technology in Entrepreneurship Development”
Technological innovation is an iterative process initiated by the perception of a new or expanded market and/or service opportunity for a technology based invention which leads to development, production, and marketing tasks striving for commercial success of the invention. Thus Innovation and technology are like symbiotic twins, intrinsically linked. In terms of growth, innovations that allow firms to sustain, existing and capture new markets are significant making it from a managerial perspective, important to manage them.
Global innovation hubs, innovate in India, Government of India has started lot many initiatives like: Make in India, Digital India etc. but there should be a focus on Innovate in India. We are adapting much of the technological models from the west countries. While we look at USA and Europe as the engines of growth, they have been driving the growth and innovation across the world. Europe have also been contributing and emphasizing at a larger context. India is not a leader yet in technological innovation. Being the third largest economy in the world India should focus on technological innovations. However, there have been promising signs in the recent past with at least three sectors of the economy showing readiness for innovation namely Information Technology, Automotive and Pharma / Biotech etc. Initiatives such as NASSCOM 10000 Start-Ups in IT, the introduction of Nano and Reva electric vehicle in automotive and cutting edge research in Pharma/ Biotech indicates potential exists for us to turn the corner. What is definitely needed is systematic and active support of policy makers and institutional stakeholders to make this trend pervasive. To have a sustainable growth Entrepreneurs and companies need to emphasize on technology and innovation.
In support of the government’s effort to boost innovation, entrepreneurship and start-ups across the country, a panel discussion on “Role of Innovation and Technology in Entrepreneurship Development” will be organized during the IMC by FIIB. The panel discussion aims to bring together leading lights from academia and industry to discuss the importance of innovation and entrepreneurship. The deliberations will help in the sharing of ideas and best practices to give an impetus to the essence of innovation and entrepreneurship for catalysing the new ventures and startups on technological innovation in the country.
Dr. Arvind Ashta (Panel Chair)
Professor, Burgundy School of Business, France
Dr. P Satish
Executive Director, Sa-Dhan, New Delhi
Dr. Anisul Islam
Professor, University of Houston-Downtown, USA
Dr. Aneesh Zutshi
UNIDEMI, FCT, Universidade NOVA de Lisboa, Lisbon, Portugal
Mr. Rajeev Ranjan Roy
Senior Journalist, Daily Post, Chandigarh, Punjab
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