Higher Education Forum 2017: Research Leading the Way in Economic Development Youngsuk “Y.S.” Chi October 31, 2017

List of India’s ‘Unicorns’ 2 List of India’s ‘Unicorns’ Company Valuation ($B) Date Joined Industry Select Investors Flipkart $11,600,000,000 8/6/2012 eCommerce Accel Partners, SoftBank Group, Iconiq Capital Snapdeal $7,000,000,000 5/21/2014 SoftBankGroup,Blackrock, Alibaba Group One97 Comms. $5,700,000,000 5/12/2015 Fintech Intel Capital, Sapphire Ventures, Alibaba Group Olacabs $3,650,000,000 10/27/2014 On-demand Accel Partners, SoftBank Group, Sequoia Capital ReNew Power $2,000,000,000 2/14/2017 Energy Goldman Sachs, JERA, Asian Development Bank Hike $1,400,000,000 8/16/2016 Social Foxconn, Tiger Global management, Tencent Shopclues $1,100,000,000 1/12/2016 Nexus Venture Partners, GIC Special Investment InMobi $1,000,000,000 12/2/2014 Adtech Kleiner Perkins Caufield & Byers, Softbank Corp. Quikr 4/7/2015 Brand Capital, Tiger Global Management Zomato Media 4/10/2015 Sequoia Capital, VY Capital Source: CB Insights

clean energy solutions 3 ReNew Power Inspiring leadership driving its success Joined ‘unicorn club’ in Feb. 2017 Providing impactful clean energy solutions Source: ReNew Power

Sumant Sinha – CEO & Chairman of ReNew Power 4 Sumant Sinha’s Story Sumant Sinha – CEO & Chairman of ReNew Power … moved to clean energy Started in banking…

Sumant Sinha – CEO & Chairman of ReNew Power 5 Sumant Sinha’s Story Sumant Sinha – CEO & Chairman of ReNew Power $200 M investment

Sumant Sinha – CEO & Chairman of ReNew Power 6 Sumant Sinha’s Story Sumant Sinha – CEO & Chairman of ReNew Power 25 megawatt wind farm

Sumant Sinha – CEO & Chairman of ReNew Power 7 Sumant Sinha’s Story Sumant Sinha – CEO & Chairman of ReNew Power Invested in wind power… … diversified into solar

Sumant Sinha – CEO & Chairman of ReNew Power 8 Sumant Sinha’s Story Sumant Sinha – CEO & Chairman of ReNew Power 2.5GW of power $2 B valuation

9 Sumant Sinha’s Story Academia Industry Government

(1) (2) (3) Maximizing the economic effect of research 10 (1) Focusing research into high-impact areas (2) Employing evidence-based assessment (3) Fostering academic-corporate collaboration Sources: Icon Finder, Wikimedia Commons

(1) Maximizing the economic effect of research 11 (1) Focusing research into high-impact areas Source: Siemens

(1) Maximizing the economic effect of research 12 (1) Focusing research into high-impact areas For Higher Education to drive economy through 4IR, the key is to: Identify what research will matter the most in the future… …and invest in those research areas Source: Siemens

(1) Maximizing the economic effect of research 13 (1) Focusing research into high-impact areas ESDM sector growth approx. 26% through 2020 Electronics Manufacturing ESDM sector value Source: Business Standard; Make In India “Fueling Electronics Manufacturing”

4IR (1) Maximizing the economic effect of research 14 (1) Focusing research into high-impact areas AI Robotics Manufacturing Innovating 4IR IoT Nanotech Biotech Source: Icon Finder

“Whoever becomes the leader in Artificial Intelligence will become the Maximizing the economic effect of research 15 (1) Focusing research into high-impact areas “Whoever becomes the leader in Artificial Intelligence will become the ruler of the world.” Vladimir Putin President of Russia Source: Engadget

(1) Maximizing the economic effect of research 16 (1) Focusing research into high-impact areas “We have to identify an opportunity early and go for it. While it may be a high-risk endeavor, the fruits will taste just that much sweeter.” Sumant Sinha CEO & Chairman of ReNew Power Source: LiveMint

What research is growing in importance… Maximizing the economic effect of research 17 (1) Focusing research into high-impact areas What research is growing in importance… Which topics receive funding? Who is driving that research Source: SciVal

(2) Maximizing the economic effect of research 18 (2) Employing evidence-based assessment

(2) Maximizing the economic effect of research 19 (2) Employing evidence-based assessment Evidence-based approach to monitor the impact …to make more informed decisions

(2) Maximizing the economic effect of research 20 (2) Employing evidence-based assessment Source: Broadsheet.ie

(2) Maximizing the economic effect of research shows us 21 (2) Employing evidence-based assessment shows us where we’re strong… …and where we can improve Source: Broadsheet.ie

Data from 220 nations and 5,300 research institutions worldwide Maximizing the economic effect of research 22 (2) Employing evidence-based assessment Data from 220 nations and 5,300 research institutions worldwide Track Analyze Visualize Source: Broadsheet.ie

(2) Maximizing the economic effect of research 23 (2) Employing evidence-based assessment Track Researcher Profile Performance Assessment Research Networking Source: Broadsheet.ie, Elsevier

(3) Maximizing the economic effect of research 24 (3) Fostering academic-corporate collaboration

(3) Maximizing the economic effect of research 25 (3) Fostering academic-corporate collaboration Academia Industry

Average Number of Citations per publication (1996 -2016) Maximizing the economic effect of research 26 (3) Fostering academic-corporate collaboration Average Number of Citations per publication (1996 -2016)

(3) Maximizing the economic effect of research 27 (3) Fostering academic-corporate collaboration

(3) Maximizing the economic effect of research 28 (3) Fostering academic-corporate collaboration

(3) Maximizing the economic effect of research 29 (3) Fostering academic-corporate collaboration Agro-Tech Pharma Defence ICT Research Institutes Private Sector

Conclusion Focusing research into high-impact areas 30 Focusing research into high-impact areas Employing evidence-based assessment Fostering academic-corporate collaboration $200M Investment $2B Valuation

Conclusion IIT Delhi

Thank you! Questions from the audience?