It is not that India lacks real innovators but where is the recognition and reward for true innovators? There are excellent innovative brains right from school level, in rural areas, industry etc., What is lacking is strict patent laws to protect the innovations of individuals. In India many a time imitation but not innovation become the order of the day. For example dissimilar but true from distance like brand names SANY for SONY, Basha for Bata etc.,. It costs a lot of money to patent a product which individual inventors find it difficult to meet.
India is full of innovators ie with MEAGRE RESOURCES we Indians try to derive best out of it. Be it Jugaad or Water Cooler using Earth.
Venture Capitalists will surely be looking for innovative ideas, invest in it and will then list the co on stock exchange, create an ROSY PICTURE about the co/sector LOOT INDIAN INVESTORS and then say the sector idea was Flop. Eg:- SOftware Boom, Alternate Energy Boom, Tree Plantation.......
80%of the Indians cannot afford the cost of modern medicine.We need low costor affordable health care which is available in alternative medicine. Foreigners are coming to India to get Ayurvedic treatment.We must concentrate on preventive medicine .Malnutrition brings many ailments it should be tackled at war footing.
All this patents are going to foreign company, there is no direct use for Indian population in general, foregin company are developing new and finer product cheaply and selling the same to countries like india in much higher quality.
the governemnt of india and indian company should concentrate much on R&D, so that the benefits can be pass to the people in less cost.
Re: Patent for foregin company
by Sheetal Kaur on Feb 21, 2009 11:35 PM
Although it was designed by Indian engineers,the company that pumped cash into its development is a foreign one. There fore it =has full rights to register its patent where ever it wants to. It is not an In Indian development or product. India is not ready or willing to spend money on development and research. GOOD LUCK TO GENERAL ELECTRIC.
India Should focus on following to become R&D solutions Leader. 1)Treat R&D as a business not a cost center. 2)Key factor to determine R&D value are expected return on investment. 3)Developed successful new products brought to market within 3-5 years. 4)Keep budget of 4Billion - 5Billion every year on R&D.
Re: India Should focus on following to become R&D solutions L
by Sonderaj on Feb 19, 2009 10:06 AM
The urgent innovation for india 1) Public sewerage and toilets 2) Street sweeper and cleaner 3) Roadside dumpster 4) toothbrush and deodorant
Re: India Should focus on following to become R&D solutions L
by sudaya acharya on Feb 19, 2009 11:39 AM
Just to correct the sentence all the company should have the bBudget of 15% for R&D project. This should be made compulsary for ALL the company operating in Inida . 1. Number of petents and Number of Phds should be fixed for each and every company . ( as made in Collleges )
