Aravind Chinchure Reliance Innovation Leadership Center, Pune

1. Opportunities and Challenges of Inclusive Innovation Aravind Chinchure Reliance Innovation Leadership Center, Pune November 14, 2013

2. 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

3. My Experience My associations(Examples); Europe- Max Plank Institutes- TU, Dresden- Oxford University- PSI, Zurich- USA - MIT - Harvard - Stanford Innovation Strategy Policy IP R & D - Mentor to several startups - Advisor to the Govt. of India and state governments, industry body + Development, Entrepreneurship, Investments, etc.

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

5. New words/phrases on innovation in the dictionary

6. 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 classwith strong aspirations NEW MARKET OPPORTUNITY WITH SOCIAL IMPACT

7. ACCESS EQUALITYIn-spite of ECONOMIC INEQUALITY Technology is a Greatest Equalizer Leads to “including” the “excluded”

8. Inclusive Innovations - Indian Examples

11. Chaired a session at Development Dialogue on “Technology for Growth” Sorin Grama CEO, Promethean Power Anup Akkihal, CEO, Logistimo Neil Patel, CEO of Awaaz.De.

12. Anup Akkihal

13. Neil Patel

14. Sorin Grama

15. Anup, Neil and Sorinleft good corporate jobs and life in USto solve India’s local/social problems through inclusive innovation There are more….

16. 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

17. Inclusive Innovation – Global Efforts

18. 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. Co-founder/Advisor to; Genzyme, USA GelTex, USA Theravance Surface Logix WMR Biomedical Rohm and Haas Nano-Terra Diagnostics for All Others

20. protein glucose hydrophobic polymer hydrophilic paper “Zero Cost” Diagnostics from Prof. George Whitesides paper soak in photoresist i. pre-bake ii. align under a mask Paper based new diagnostic technology being developed at Harvard for developing countries like India i. expose to UV light ii. post-bake i. develop ii. wash Any one of us could have thought of the idea of using paper for diagnostics applications!! = Prof. Whitesides is developing simple and low cost diagnostics technology to cater to the needs poor Indians and other developing countries

23. Understanding Inclusive Innovations

24. Inclusive Innovations Inclusive Innovation RELEVENCE + INNOVATION = IMPACT Frontier/Technological Innovation INNOVATION + RELEVANCE = IMPACT

25. Relevance based Innovations -Examples

26. Framework for Inclusive Innovations?

27. Engineering Challenge Getting More from Less

28. Example – More from Less Paid US $ 700

29. Computer 2 decades before

30. Today’s Computers US $ 400 – 1000 Can we have a laptop for US $ 50?

31. 2.6 billion peopleIncome- Less than $2 a day

33. Examples of Innovations from India High Performance at Ultra Low Cost

34. 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

35. Opportunities and Challenges of Inclusive Innovation

36. New market opportunity

37. Doing well by doing good

38. If you make a product for poor rich will buy

39. Inclusive Innovation is not only about technology/product performance – it is also about innovating in business model

40. Break the barrier that Functionality and Cost are linear – Affordable Excellence

41. Aspiration and Resources It is more about aspiration and less on resources

42. Inclusive innovation requires inspired senior/middle level Leadership

43. Inclusive Innovation – Products and Solutions need to be • AVAILABLE • ACCESSIBLE • ACCEPTABLE

44. To Conclude…

45. We have an opportunity to create a new ERA

46. A new ERA where Products and Solutions are developed with; • EXCELLENCE – HIGH QUALITY • RELEVANCE, and • AFFORDABLE Leads to inclusion of excluded & Making difference to society and world at large…..

47. The big question that remains unanswered is “HOW” to create new ERATHANK YOUAravind ChinchureAravind.Chinchure@ril.comChinchure@yahoo.com