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

2. 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

3. 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.

4. 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

5. 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

6. 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

7. 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

8. 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

9. Thank you
Questions?

10. Contact India: 214 IndiaCo iCenter L.B.S Road, Pune 411030
Tel:
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US Office:
9701 Wilshire Boulevard, 10th Floor,
Beverly Hills, CA 90212
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