Transcript GRASS ROOTS INNOVATION

GRASS ROOTS INNOVATION
VEERA PRUDHVIRAJ TULABANDULA
PRABU T
NIKHIL SARODE
Why grass roots innovation is necessary?
 Since grass roots innovators are common people, they are
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more in touch with the actual needs of the people.
Practical problems require practical solutions which can be
more easily found in the field than in a lab.
Externally developed technologies are often not relevant
and uptake of these is frequently poor.
The cost of such failed technologies may be enormous
compared to the benefit from the successful ones.
Huge gap in innovations ;beneficial to the people but are
not profitable for corporates. Hence, they need to be
developed by the people.
“Necessity is the mother of invention!”
Relevance in the Indian context
 Indian rural market is one of the biggest in the world
with 6,00,000 villages and 11 crore households and
over 70 crore people. Yet, the needs of these people
have been neglected largely so far.
 India’s spend on R&D as percentage of its GDP is
one of the lowest in the world. (Fig 1)
 The number of people engaged in science and
research(engineering and science graduates) is also
on lower side in India compared to rest of the
world.(Fig 1)
Grass roots Innovation in India-Present state
 Multiple organizations like National Innovation
Foundation(NIF) involved in encouraging grass root
innovations and their commercialization.
 Few corporate houses like Future group have been
involved in taking these products to the end
customers.
 State support non existent at present to such
ventures.
Suggested framework to aid Innovation
Incubation
Support
Patent
Support
Financial
Support
Grass root
Innovation
Commerciali
zation
Support
Financial Support
Incubation Support
 Create a state supported
 Create cells in technical
body with an
independent panel of
experts and officials.
 Allot annual funds from
the central budget.
 Bank loans at lower
interests to aid such
innovators.
& science institutes
that offer hand holding
& technical support in
experimental stage.
 Create central database
of solutions to improve
on existing solutions.
Patent Support
Commercialization
Support
 Streamline and
 Link innovators with
simplify patent filing
and recognition
procedures.
 Strengthen patent
protection to avoid
exploitation by
corporates.
corporates to ensure
delivery to end
customers.
 Provide tax breaks to
manufacturers.
 Subsidize the product’s
price to encourage
buying.
THANK YOU!