Innovation and economy

A high level of innovation translates into a low cost economy.

Sunday 21 August 2016

India's position on the Global Innovation Index

India has improved its position on the Innovation Index from 81 in 2015 to 66 in 2016.This improvement is due to increased software exports,market sophistication and Corporate R&D.

Friday 19 August 2016

Innovation Support Structure in Vedanta

The innovation support structure in Vedanta consists of a web based platform for generating and exchanging innovation ideas among employees.This platform does the role of an,"Innovation Incubator".In addition to this ,the company has also deployed a financial corpus for incubating selected innovation ideas.

Innovation Support Structure in PWC

Annual innovation contests in the form of,"Concept Cradles"constitute a structure for generating Innovations in PWC.

Thursday 18 August 2016

Cipla: Innovation & Patents

Cipla successfully opposed the grant of a patent to Boehringer for Tiotropium Bromide Monohydrate branded as Spiriva.This is utilized in inhalers.The patent was successfully opposed on the basis that it did not enhance therapeutic efficacy.

Ford launching fully autonomous cars by 2021

Ford is planning to launch fully autonomous cars by 2021.These cars will be without steering wheel or gar pedals or gears.Ford abandoned the stepping stone approach to innovation and has embraced the DMP Challenge approach to innovation.
Ford approach to autonomous cars

Monday 15 August 2016