Business Models for Inclusive Innovations
Inclusive innovations are typically solutions that can serve ‘low income groups’ or ‘underprivileged people’ who in general can also termed as “excluded groups”. The challenges of reaching out to such groups, understanding their needs and being able to offer products / services at affordable prices are many, but for the overall development of a nation, this must be addressed. The success of Inclusive innovations would amongst other factors greatly depend on financially sustainable business models.
This session, intends to gather inputs on some the initial successes that have taken place and to throw more light on the various strategies and inputs that would go into the development of a sustainable model for such innovations.
Innovation eco-system development for next decade – Co-Incubation and Soft Landing
Development of a robust Innovation eco-system requires systematic planning and would need to critically address the gaps and absence of components that would comprise of such an eco-system. Incubators are one such key component that offer complex services that help in innovations reaching the intended targets. Considering the diverse requirements of startup / entrepreneurs, many a time ‘one’ incubator may not have the necessary expertise to address such needs. Co-incubation dealing with partnerships and collaboration with other Incubators and Soft-Landing that enables and facilitates startups entering new geographies / markets are both emerging as key systems and practices that need to be adopted to ensure greater success of Innovations reaching market.
The session brings together the experiences and practices being successfully followed in other countries to help create better knowledge and insights that help in making Incubators contribute to the effective functioning of a robust innovation eco-system.
Science Parks – key players in promoting innovation and knowledge based economy
Science Parks can be termed as ‘Areas” of innovation that enable flow of knowledge flow of knowledge and technology amongst universities, R&D institutions, companies and markets and further help in the creation and growth of innovation based companies by providing high quality incubation and infrastructure support. This results in wealth creation not just for its community for the region / nation as well.
Science parks can play a key role in developing economies, as they can attract the various actors and players that can spur entrepreneurial activity, research commercialization and offer environments that foster innovation resulting in key outcomes for developing economies such as creation of jobs, development of appropriate technologies and spawn a pipeline of entrepreneurs.
Experts from leading Science Parks and innovation clusters from around the world would share their experiences and thoughts on the importance, functioning and development of science parks in this session.
Technology Commercialisation – issues and solutions
As India’s entrepreneurial movement witnesses a gradual and organic shift from being services oriented on to a product oriented one, several challenges arise in being able to successfully develop technologies that can reach and address needs of target markets within reasonable time frames. Creating efficient and cost effective solutions during the various stages of idea to market would be a key requirement to ensure greater success in commercializing new and innovative technologies.
The session aims to throw light on some of the recent experiences and success stories from which lessons can be drawn and further to deliberate on the possible steps and measures that can be taken to overcome challenges that typically arise especially in the backdrop of meagre resources available for enabling the commercialization of technologies.
Developing mentors / networks in less developed eco-systems
As the Incubation movement of India spreads to untouched geographies (Tier 2 / Tier 3 / Rural) there are several hurdles that need to be overcome by Incubators operating from these areas. A key component of a good incubation programme is to be able to provide good mentorship and other networking support to startups / entrepreneurs. Most of these newer areas might not have the luxury of easy availability of good quality mentors or a flourishing industrial activity.
Considering the enormous potential of youth and entrepreneurs from these regions, appropriate solutions need to be found that can address the mentorship and networking issue.
The session would delve into the experiences so far, some of the best practices, perceived challenges & probable solutions to support startups / entrepreneurs from these less developed eco-systems.
Corporate engagements with Incubators
In today’s world Corporates inclined towards innovation are increasingly looking towards engagements with startups, as many realise that the best ideas may not be coming from within their own organisation. Leveraging CSR investments, enabling market access, providing business mentorship are some of the key areas where Corporates can engage with Incubators. There have been different types of engagements & experiments that have been initiated by the Corporates with Incubators.
The session aims to capture some of the experiences of Corporates engaging with Incubators / Startups and to also understand the expectations of Corporates from Incubators and Startups in order to put together win-win initiatives in place.