Innovation Requirements in India
Interesting report on ZDNet on the Indus Entrepreneurs meeting recently held in Delhi. Key points of note are:
- The India Prime Minister Manmohan Singh had approved the establishment of a National Innovation Council to prepare a 10-year roadmap
- India does not need low-cost but ultra-low cost products, The products need to be extremely affordability and that can only happen through disruptive innovation
- Much of the innovation in India is emerging out of scarcity and aspirations
As an example of the sort of innovation coming out of India, a student in Kerala, Remia Jose, had a lot of household chores to do when her mother fell ill. She would return from school and wash clothes because her family could not afford a washing machine.
To cope, then 15-year-old Remia created a washing machine that ran on pedals and did not require electricity to operate. The machine cost just US$45 (INR 2,000).
Mansukhbhai Prajapati also invented an earthen refrigerator, called Mittikool, which is priced at US$77 (INR 3,500). The refrigerator has separate compartments for storing water and vegetables and also runs without electricity, making it ideal for rural areas.
Prajapati operates a small-scale industrial unit in Rajkot, which has been producing clay products since 1988. Besides the refrigerator, Prajapati's company also manufactures non-stick pans made from clay, as well as Mittikool water filters, cookers and dinner sets.
There is no doubt that this sort of innovation is a powerhouse of opportunity as yet not fully realised in potential.
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- The Top 5 Digital Transformation Insights from Mary Meeker’s 2019 Internet Report - June 20, 2019
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- How Amazon is Reinventing Retail – Literally from The Ground Up! - May 28, 2019
Managing Director, The Strategy Group
Dr Tobias is an accomplished innovation consultant and entrepreneurship strategist, drawing expertise from the academic, entrepreneurial and corporate worlds. Jeffrey’s commercial and business experience is particularly focussed on lean startup, design thinking and leadership. Prior to The Strategy Group, Jeffrey was Cisco’s Global Lead for Innovation in the Internet Business Solutions Group helping Fortune Global 500 companies improve customer experience and grow revenue by transforming how they do business.
Jeffrey is a professor of innovation and entrepreneurship teaching MBA students at the Australian Graduate School of Business at the University of New South Wales. An active angel investor, Jeffrey is on the board of various well known startups. Jeffrey’s corporate background includes leading global innovation strategy at Cisco, working with large corporates such as Adobe, Westpac, Telstra, Woolworths, and Perpetual.