World Summit on the Information Society – Tunis 2005 "How Can Local Innovation be Unleashed?"

Industry receptor capacity is modest or absent in many regions 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 Commerce Invention Innovation Enterprise Collaborative R&D Start-up Ventures Enterprises RISK Basic Research Applied Research Technology Maturity Market Maturity TIME

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

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