Fostering Inclusive Innovation at IIT-J
• Inclusive Innovation • Context • Examples • Idea in brief • IIT-J as Change Masters
Lecture at IIT-‐Rajasthan on 5th December 2013 1
Mahendra Bapna Harvard Advanced Leadership Fellow 2012
Former CEO Two Tata Enterprises, Tata Motors subsidiary companies-‐HV Axles
and HV Transmissions Currently EducaLon Consultant
[email protected] +91 9799776555
INCLUSIVE INNOVATION
• Frugal innovation • reverse innovation, • Gandhian Innovaion • More for Less for More people (MLM) “Inclusive innovation is any innovation that leads to affordable access of quality goods and services creating livelihood opportunities for the excluded population primarily at the base of pyramid and on a sustainable basis with a significant outreach”.
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Inclusive Innovation is achieved through
• Technological Innovation • Business Process Innovation • Work Flow Innovation • Delivery System Innovation • Research Process Innovation • Organizational Innovation • Grassroots Innovation • Policy Innovation
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Inclusive Innovation
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CONTEXT: GLOBAL COMPETITIVENESS AND GDP
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ü Rankings on the ease of doing business 132/183 ü Rankings on Starting a new business rank 166/183 ü Global Competitiveness Index 2011-2012 ranking 56/142
ü India’s population is 1.2 Billion ü GDP is $ 1.8 Trillion ü GDP per capita is $1400 ü GDP per capita (PPP Adjusted) is $3800 ü 400 Million people live below $2 a day
Who are these Poor people? & Why are they poor?
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400 million people live below $ 2 a day. Who are these people? They are farmers and factory workers, drivers, construcLon labor, domesLcs. They typically pay for criLcal goods and services like water, like healthcare, like housing, and they pay 30 to 40 Lmes what their middleclass counterparts pay. They are always under debts. Of that 240 million are farmers only. Over 2000 farmers commit suicide each year.
Correlation between Innovation and GDP growth
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CORRELATION BETWEEN POVERTY VS GROWTH
HELP CHANGE THE RULES THAT CREATE INEQUALITY AND POVERTY
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The richest 300 people on earth have as much wealth as the poorest 3 billion. This is no accident; those in power write the rules. Together, we have the power to change those rules.
How the world’s $223 Trillion is distributed. A vast majority have pracLcally nothing. Nothing to educate their children. Nothing to pay for basic medicines. But, the 1% rich people have more then 43% of the world’s wealth
CORRELATION BETWEEN HEALTH & LIFE EXPECTANCY VS GROWTH
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InnovaLon and patent landscape
Critical thinking-US incubation programs assisted more than 30,000 companies last year that provided employment for more than 100,000 workers and generated annual revenues of $17 billion
• Global Social Entrepreneurship Competition (GSEC) at the University of Washington’s Foster School of Business
• Critical analytical thinking at Rotman
• Center for Social Entrepreneurship at Stanford
• Design Works at Stanford • i.Lab at Harvard • Design Thinking at Harvard • IDEO –Tim Brown • Acumen-Jacqueline • Media lab at MIT
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Disruptive Innovation and Economic Potential
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Income Inequality 1000 : 1 ?
Access Equality 1:1!
• 450 New born Babies die every hour • Incubators cost US $ 25000/-‐ • Our Villages have no electri city • Embrace innovated low cost soluLon
for the developing world
Business Process Innovation not at$ 2000,but @20
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Open Heart Surgery Not $4500, but @ $1400
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Nairobi Hyderabad
Netra is a $2 clip-‐on eyepiece that goes on top of a cell phone
Interac(on with Kanpura Panchayat through Broadband
Indian Psoriasis Breakthrough $ 20.000 to $ 100 !
Before Treatment Afer Treatment
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Innovation –Incubation Process
1. Inspiration 2. Passion 3. Compassion 4. Workshops 5. Projects 6. Field Immersion 7. Idea incubation 8. Scale to Impact
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Half
High
One
Hun
dred
th
Med
ium
A tenth
RelaLve Decrease in Cost of the innovaLon process DramaLcally reduced
Low
Low
RelaLve De
crease in Cost o
f the
Produ
ct
Ugly Truth of Inequality-Challenge of the Day
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Thank you