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Innovation and global challenges (24 February 2021)

Innovation and global challenges (24 February 2021)

INTRODUCTION:

  • India's Global Innovation Index 2020 rank is 48 among 131 economies, moves up by four positions since 2019.

  • India tops the list in innovation economies ranking in the Central and South Asia.

  • India ranks 3rd among the lower middle-income group. GII remarks this as a new milestone.

Summary of the debate

MANTRA GIVEN BY PRIME MINISTER MODI:

1. The Prime Minister asked the students to adopt the mantra of Self 3

 -Self-awareness, Self-confidence and Selflessness to overcome self-doubt and obstacles.

2. There is no scope for hurry in the field of technology. A technological failure always leads to a new innovation.

3. The PM also said that now is the time to work towards the futuristic solutions of health technology.

4. When the world was fighting climate change, India started work on the International Solar Alliance. Today, several nations are working closely with India on promoting solar energy, the PM added.

PRESENT SCENARIO OF INNOVATION IN INDIA:

See the source image

1. Global innovation index: India made a huge stride in global innovation index i.e.  48, which may look not great but we should look at the steady and rapid progress not only at a local level but also at a global level.

2. Start-ups ecosystem: India also has in the world the third largest ecosystem for start-ups with the scale and global quality.

3. Research output in to innovations as India holds a 3 rd position in terms of research output.

4. Patents: In 2020 only IIT Delhi itself filed 153 patents. Out of these ips will come the solutions, start-ups and future global companies.

5. Nidhi programme: It was started by DST before 5 years, it has made more incubators and start-ups in last 5 year than in the previous 50 years.

  •  A 3 rd party analysis showed that they created 27,000 crores of new wealth and more than 70,000 direct jobs.

6. Science technology and innovation policy 2021: A new policy the department of science and technology is championing is called science technology and innovation policy 2021.

  • We have close to 55,000 start-ups in our country among them more than 34 unicorns,11 unicorns were born in the COVID-19 era.

7. Artificial intelligence: 3d printing, robotics, iot, miniaturized electronics, augmented virtual reality these are all becoming affordable, accessible and therefore artificial intelligence-based solution has been becoming a reality.

ROLES OF PRIVATE SECTOR IN INNOVATION:

1. PPP model of start-up ecosystem: Creating an ecosystem of incubation and partnerships including venture capital networks, business planning, strategy experts and domain experts in various areas, so that start-ups don’t fall in the valleys of death.

  • Multinational companies like Astrazeneca are willing to support the start-ups

2. Role of international organisations: AIM has launched multiple challenges with global organizations like UNDP, UNICEF and many others.

  • They also had launched a circular economy challenge with Australia and global water challenge with the danish government and also launched a health care challenges with the Swedish government recently.

WAY FORWARD:

1. Improving infrastructure: it is very important for us to focus on not only on physical infrastructure but also smart infrastructure (i.e., smart cities, smart villages, smart districts) along with digital infrastructure, which will play a very important role in enabling a life to go on in every sector.

2. Data democratization: In 21 st century we can say that Data is water, the data collection should be done by both public and private sector hand in hand.so in one way democratization of data is the need of the hour.

3. Ease of access: ease of access is going to be transformational. we need now are right structures, architecture, processes respectively along with right policies to back up all those structures.

4. Diversification of research: Convert research output in to innovations as India holds a 3 rd position in terms of research output.

  • Relevant society integrated research along with proper roadmap for delivery aspect is the actual need for that we have to start interaction with all the stake holders of the society.

  • agricultural labs, ISRO, DRDO the diversity we need to bring in to our college campuses rather than library delivered topics.

  • We need to bring unlike minds together through various immersion programmes in various institutes like including vocational training in rural India, where the actual problem lies.

CONCLUSION:

  • India is a country with a billion people and a million challenges. But a million challenges are a million opportunities. we have to create a holistic ecosystem by taking all the stakeholders on board and inform educate and empower the entire nation.

  • There are challenges of course that galore but they also provide opportunities and that’s why the future is bright for innovation.

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