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Innovation 2014
HighLights
 

·     Bengal accounts for 16% of the academic papers on research published internationally from India, but when it comes to patenting and commercialization, the record is poor.  The president and rector of Imperial College London, Keith O'Nions, has a solution to this. He feels the centres for excellence in education in the state should have their own funding options for commercializing and encouraging innovations. 

·      Imperial College is one of the leading centres of excellence in innovation globally.  It has set up a company called Imperial Innovations to encourage converting ideas into reality.  The college now has a turnover of Rs. 8,250 crore.

·     O'Nions pointed out that most innovations and researches fall in the "valley of death" because of funds, "You need money to bridge the valley of death and if you depend entirely on government grant, that won't solve the problem," he said.

·    O'Nions was in Kolkata to attend 'Innovation 2014: Enabling Ecosystem through Industry-Institute Linkage' organised by the Conferderation of Indian Industry (CII) Eastern Region.  Malabika Sarkar, the VC of Presidency College and Ajoy K Roy VC of Besu were also present at the seminar.

·     Sarkar said Presidency is planning to set up an Innovation Tower on its new Rajarhat campus. "We shall have an intellectual patent rights cell along with an attorny for advising the researchers," she added.  Roy, too, said that an IPR cell was on Besu radar.

·       Earlier, O'Nions pointed out that the Imperial Innovations kind of model could be adopted by the Indian centres of excelence in education to meet funds crunch.  Imperial Innovation is now listed in the alternative investment markets (AIMS) of London Stock Exchange and raised £200 million.  "As of now, 140 companies have been spun off Imperial Innovations with seed capital," he added.

 
Knowledge Resources
You will get access to following Knowledge Resources by subscribing to the Digital Library of this event.
 
Mr Sudhir Deoras, MD, TRF at the inaugural session of the Innovation 2014
Mr Rajive Kaul, Chairman, Nicco Corporation Ltd at the inaugural session of the Innovation 2014
Mr Scott Furssedonn-Wood, British Deputy High Commissioner, Eastern India British Deputy High Commission Kolkata at the inaugural session of the Innovation 2014
The Business - University Nexus: Success factors for Innovation and Growth by Sir Keith O’Nions, The President & Rector, Imperial College London
Mr Viresh Oberoi, CEO & MD, mjunction services limited at the inaugural session of the Innovation 2014
Mr Ambarish Dasgupta, Partner & Head of Management Consulting, KPMG at the inaugural session of the Innovation 2014
Mr Aloke Mookherjea,Chairman, Flakt India Ltd on “Enabling Ecosystem through Industry - Institute Linkage”
Dr Tinku Acharya, Founder & MD, Videonetics Technology Private Ltd on “Enabling Ecosystem through Industry - Institute Linkage”
Sir Keith O’Nions, The President & Rector, Imperial College London on “Enabling Ecosystem through Industry - Institute Linkage”
Prof Ajoy Kr Ray, Vice Chancellor, Bengal Engineering & Science University, Shibpur on “Enabling Ecosystem through Industry - Institute Linkage”
Prof Malabika Sarkar, Vice Chancellor, Presidency University on “Enabling Ecosystem through Industry - Institute Linkage”
Mr Saumen Chakraborty, CEO, Intellisys Technologies & Research Ltd on “Enabling Ecosystem through Industry - Institute Linkage”
An open house discussion on “Enabling Ecosystem through Industry - Institute Linkage”
Mr Aloke Mookherjea, Chairman Flakt India Ltd on “Enabling Ecosystem through Industry - Institute Linkage”
 
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