The document proposes a solution to address the lack of adequate research and innovation in India. It involves creating new universities dedicated solely to research and innovation. Knowledge would be both acquired from within India and imported from abroad to create a centralized knowledge pool. This pool would be accessible to private firms, government, public institutions, and individuals. The proposed universities would have no shortage of faculty and promote researchers becoming entrepreneurs. Key steps for implementation include adopting a whole-of-government approach, creating supportive climates, efficient institutions and adapting to societal context. Challenges like funding would be addressed through an inclusive innovation fund model.

1. Team:
Sushil Chaudhari
Varun Lashkari
Karthik K
Raghav
Swasti

2. Problem Statement: Lack of adequate research and innovation within India
Scope of the problem
• Economic Development
• Social Development
• International
Competitiveness
• Productivity
• Industrial Growth
• Education
• Environment
• Regulation
• Product Quality
• Service Quality
• Health
• Safety
Causes of the problem
• Quality of higher
education system
• Absence of a vibrant
High-technology sector
• Limited impact of
Government support
programs
• The Science - Technology
divide
• Low magnitude of
spillovers of Foreign R&D
investment
• Corruption
• Culture
Reason for selecting the
causes
• Quality of higher education
system
• Poor foundation does not support
innovation
• Lack of practical exposure reduces
confidence to try something new
• Government policies
• Lack of financial support hinders
young & bright individuals from
entering this area
• Lack of universities dedicated to
research results in lack of
attractiveness of this field
• Lack of infrastructure reduces the
scope of research & innovation
activities
• Culture
• Attitude of intolerance to failure is one
of the main factors that hinders
innovation in a country

3. Proposed Solution
Knowledge
Pool
Import
Knowledge
Acquire
knowledge
from within
the country
Create new
knowledge
within the
country
Users & investors for the knowledge pool
Pvt. Firms
Government
 Administration & mgmt.
 Development, planning
& implementation
Public institutions
Social organizations
Individuals
Disseminating
knowledge market
 Informal
network
 Specialized
organization
 Technology
infrastructure
Merits
New category of universities for research & innovation
No shortage of faculties
Will be governed and audited by the center
Will promote Researchers to turn into
Entrepreneurs.
Innovation system envisions new and varied roles
for federal, state, and local authorities and for civil
society.

4. Implementation of Solution: High level description of key steps
a) Take a broad view of innovation and its forms and
sources.
b) Go beyond traditional science and technology
policy and adopt a “whole-of-government”
approach.
c) Create receptive and mobilizing climates.
d) Put in place efficient institutions and instruments.
e) Adapt to the societal context
f) Technology strategy—tapping into global
knowledge and technology for dissemination in the
local economy
g) Legal framework—minimal rules
h) Policy focus—specific needs and assets
i) Institutions—minimal equipment
 the direct support of innovative projects
through provision of technical, financial, and
other needs
 the removal of regulatory or informal obstacles
to innovative efforts, such as customs
procedures or rules on university-industry
cooperation
j) Agents of change—using global connections for
leveraging change in the domestic context
k) Reform approach—acting on specific sites and
stimulating broader reforms via success stories
l) Cultural and behavioural characteristics—
respecting cultural and behavioural specificities

5. Implementation of Solution
Steps to
encourage
innovation
& R&D
Reducing barriers to imports of goods and
services
Opening up to foreign direct investment
Liberalizing licensing of foreign technology
Increasing domestic competition
Reducing bureaucracy
Tax incentives for R&D
Grants for R&D projects
Accelerated depreciation for R&D equipment
Duty exemption on imported inputs into R&D
Venture capital to facilitate commercialization of research results
Importing Knowledge : Attract NRIs to work in
the field of Research and Innovation within the
geographical borders of India under the umbrella
of institutions established for this purpose.
To indulge in talks /consult professors from the
institutions like Harvard, Ivy League, Columbia,
Oxford where greater amount of credit and
emphasis is given to Research and Innovation.

6. Implementation of Solution
Eg. Agricultural Innovation System Stakeholders
• Investors
• Pvt. Firms
• Government
• Foreign investors
• Participants
• Universities & research institutes
• Researchers
• Foreign nationals contributing to research in India
• Students
• Employees
• Beneficiaries
• Government
• Students
• Firms adopting the innovations

7. Impact of the Solution
The above mentioned solution will bring in phenomenal impact on the economy as a whole.
1.By acquiring / importing knowledge from abroad , dependence on foreign Research papers will reduce.
2.It will reduce the Forex outflow by various companies which work in the field of pharmaceuticals, IT,
Defence and Aero-space etc. as the updates and high quality work/ skilled people will be available within
the Indian borders.
3.Availability of quality workforce.( with availability of greater number of researchers )
4.Bring in greater amount of collaboration between the State, individuals , public institutions and the
Business community. ( as the solution gives equal credits to both of them in establishing the institutions.

8. Challenges & Mitigation Factors
Funding : to mitigate it follow the inclusive innovation fund model
Inclusive Growth Fund
Banks, Insurance Cos,
Corporates, HNI’s,
Overseas Institutions
Govt
Rs. 4500 Cr Rs. 500 Cr
Fund 1
Venture “n”Venture 1
VentureVentureVentureVenture
Venture
B
Venture A Fund “n”
Fund “n”
Managers
Fund 1
Managers
Rs.20Cr
Rs.50Cr
Rs. 1 Cr Rs. 2 Cr
Rs. 20 Cr Rs. 100 Cr
Inclusive Growth Fund
Banks, Insurance Cos,
Corporates, HNI’s,
Overseas Institutions
Govt
Rs. 4500 Cr Rs. 500 Cr
Fund 1
Venture “n”Venture 1
VentureVentureVentureVenture
Venture
B
Venture A Fund “n”
Fund “n”
Managers
Fund 1
Managers
Rs.20Cr
Rs.50Cr
Rs. 1 Cr Rs. 2 Cr
Rs. 20 Cr Rs. 100 Cr

9. Challenges & Mitigation Factors
Disparity
- Rich & Poor
- Urban & rural
- Educated &
Uneducated
Demography
- 550 million below 25
years
- Health, Nutrition
- Education, Jobs
Development
- Expedite the process &
create new methods &
new models
Mitigation plan

10. Appendix
Supporting documents & references
India attractiveness report pdf
Innovation leadership pdf