Innovation today is increasingly going beyond the confines of formal R&D to redefine everything. Today innovation can mean new and unique applications of old technologies, using design to develop new products and services, new processes and structures to improve performance in diverse areas, organizational creativity, and public sector initiatives to enhance delivery of services. Innovation is being seen as a means of creating sustainable and cost effective solutions for people at the bottom of the pyramid, and is being viewed as an important strategy for inclusive growth in developing economies.
Realizing that innovation is the engine for the growth of prosperity and national competitiveness in the 21st century, the President of India has declared 2010 as the ‘Decade of Innovation’.
India has a long tradition of innovation and a significant pool of qualified people, both within country as well as the diaspora, presently engaged in innovative activities. This talent pool has to be leveraged to drive the innovation agenda. Further, there is also a need to capture the multiple innovations happening in various domains such as government, R&D labs, universities, and across sectors, to give an impetus to the innovation process in the country. CIBA will act as a platform to facilitate this engagement and collaboration with domain experts, stakeholders and key participants to create an innovation movement in India. The aim is to herald a mindset change and create a push at the grassroots level so that more and more people in education, business, government, NGOs, urban and rural development engaged in innovative activities are co-opted and are part of shaping the national level innovation strategy.