Aravind ChinchureReliance Innovation Leadership Center, Pune

November 14, 2013

Opportunities and Challenges of Inclusive

Innovation

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This presentation is based on my experience and interaction with industry leaders, policy makers,

entrepreneurs etc.

It is my personal view and not that of my company

My Experience3

R & D

IP

InnovationStrategyPolicy

My associations(Examples);

Europe- Max Plank Institutes- TU, Dresden- Oxford University- PSI, Zurich- USA- MIT- Harvard- Stanford

+ Development, Entrepreneurship, Investments, etc.

- Mentor to several startups- Advisor to the Govt. of India and state governments, industry body

Acknowledgement4

Dr. R.A. Mashelkar Prof. C.K. Prahalad Dr. Gururaj Deshpande

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New words/phrases on innovation in the dictionary

Why Inclusive Innovation?

1.4 billion people in the world live below an income of US$1.25 per day, and

2.6 billion live below the US$ 2 level worldwide (That’s a cost of Starbucks Coffee or a pack chocolate..)

75 percent of India’s population live on income of US$2 a day or less.

Emerging middle class with strong aspirations

NEW MARKET OPPORTUNITYWITH SOCIAL IMPACT

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ACCESS EQUALITY In-spite of

ECONOMIC INEQUALITY

Technology is a Greatest Equalizer

Leads to “including” the “excluded”

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Inclusive Innovations -Indian Examples

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Chaired a session at Development Dialogue on “Technology for Growth”

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Anup Akkihal,CEO, Logistimo

Neil Patel,CEO of Awaaz.De.

Sorin Grama CEO, Promethean Power

Anup Akkihal12

Neil Patel13

Sorin Grama 14

Anup, Neil and Sorin

left good corporate jobs and

life in US

to solve India’s local/social

problems through inclusive

innovation

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There are more….

Founders of Forus clearly understood that blindness is a very serious global problem and more so in emerging countries with 80% of blindness are needless.

3nethra is an intelligent, portable, non-invasive, non-mydriatic, low cost device that helps in pre-screening of five eye major diseases - cataract, diabetic retina, glaucoma tools, and cornea issues

1/6th the collective cost of the current devices used presently

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Inadequate no. of specialists and hospitals

Expensive Medical Devices Affordable pre-screening devices

Minimally trained staff

Large no. of people impacted

Inclusive Innovation – Global Efforts

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Prof. George Whitesides

A Woodford L. and Ann A. Flowers University Professor at Harvard University.

One of the most decorated living Scientist in the world

Author of over 1000 research publications He is not only the world's most-quoted chemist, but also reportedly the most-cited scientist in any discipline.

Holds over 100 patents in fields running from chemistry and nanotechnology to materials science and molecular biology

Co-founder of 12 companies with a combined market capitalization of over $30 billion.

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Co-founder/Advisor to;1. Genzyme, USA 2. GelTex, USA3. Theravance4. Surface Logix 5. WMR Biomedical6. Rohm and Haas7. Nano-Terra8. Diagnostics for All9. Others

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20paper

=

i. pre-bakeii. align under a

mask

i. expose to UV lightii. post-bake

i. developii. wash

“Zero Cost” Diagnostics from Prof. George Whitesides

glucose protein

hydrophobicpolymer

hydrophilicpaper

soak in photoresist

Any one of us could have thought of the idea of usingpaper for diagnostics applications!!

Paper based new diagnostic technology being developed at Harvard for developing countries like India

Prof. Whitesides is developing simple and low cost diagnostics technology to cater to the needs poor Indians and other developing countries

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Understanding Inclusive Innovations

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Inclusive InnovationRELEVENCE + INNOVATION = IMPACT

Frontier/Technological Innovation

INNOVATION + RELEVANCE = IMPACT

Inclusive Innovations

Relevance based Innovations -Examples

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Framework for Inclusive

Innovations?

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Getting MoreGetting More from Less from Less

Engineering Challenge

Example – More from Less28

Paid US $ 700

Computer 2 decades before29

Today’s Computers30

US $ 400 – 1000

Can we have a laptop for US $ 50?

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2.6 billion people

Income- Less than $2 a day

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Examples of Innovations from India33

Products From To

Psoriasis Treatment

$20000 $100

Artificial Foot $12000 $28

Hepatitis B Vaccine

$18 $0.4

Cataract Surgery $3000 $30

High Performance at Ultra Low Cost

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Getting More From Less For More (MLM)This means the design and development of products

and services with •more performance, •from less material, less cost, less time, less environmental pollution and •for the benefit of not just a privileged few but for more and more people on this planet

Opportunities and Challenges of Inclusive Innovation

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New market opportunity

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Doing well by doing good

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If you make a product for poor rich will buy

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Inclusive Innovation is not only about technology/product

performance

– it is also about innovating in business model

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Break the barrier thatFunctionality and Cost are

linear –

Affordable Excellence

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Aspiration and Resources

It is more about aspiration and less on resources

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Inclusive innovation requires inspired senior/middle level

Leadership

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Inclusive Innovation – Products and Solutions need to be

AVAILABLE ACCESSIBLE ACCEPTABLE

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To Conclude…

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We have an opportunity to create a new

ERA

Products and Solutions are developed with;

EXCELLENCE – HIGH QUALITYRELEVANCE, and AFFORDABLE

Leads to inclusion of excluded &Making difference to society and world at large…..

A new ERA where46

The big question that remains unanswered is “HOW” to create new ERA

THANK YOU

Aravind ChinchureAravind.Chinchure@ril.com

Chinchure@yahoo.com

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