The buzz was all about crowd sourcing innovations, the need for an India inclusive innovation fund and also what could be done to nurture innovation in the education system.
A technology for making substitutes for wood from natural fibres like coir and jute for making furniture has been developed...
Innovation begins by unbiased thinking and asking questions. That is what is believed by 19th century economist J Schumpeter. Schumpeter’s ideas of creative destruction as the basis of innovation has caught the imagination of many economists over the years.
Behind every big movement lies the germ of a great idea, behind every change the power of thought that be at government, society or our systems, changes can only begin with an idea. It is to plant these ideas that the National Innovation Council is working.
National Innovation Council (NIC) Chairman Sam Pitroda today said there was a need to create infrastructure and the right kind of eco-system for innovation that would enable institutions to share information for inclusive growth and development.
Finance Minister Pranab Mukherjee while presenting the Union Budget 2011 says to move beyond the formal research and development paradigm, a National Innovation Council under Shri Sam Pitroda has been set up to prepare road map for innovations in India.