As we aspire to raise this figure to 2.0%, it’s crucial to understand that the measure of innovation is not directly proportional to R&D investment. India’s R&D investment has been around 0.6% – 0.7% of GDP for years. Currently, there is little accountability for public or government-funded projects in universities. By showcasing their true potential and technology licensing programs to the world, universities can explore new avenues for growth. This approach will lead to new insights and better opportunities for students and researchers to develop their skills, create employment opportunities, and generate deep-tech licensing possibilities for universities. This way, projects can bridge the gap between industry and start-up needs, identifying and addressing business and social challenges. ![]() In the ‘Age of Innovation and Exponential Growth,’ a key differentiator is the ability to engage in ‘Deep Dive Thoughts for Innovation.’ Organizations need to adopt an Applied Collaborative Research approach with top universities, backed by significant grants of public funds. ![]() Unlike India, which has exported many brilliant minds to the world, these companies have not leveraged their potential to the fullest. In other words, they have not shown enough commitment or initiative in building a business around intellectual property and innovation. This decision is not due to a lack of funds or profits, but rather stems from a shortage of new ideas and a limited global vision. Instead of developing their own high-technology products and services, they have chosen to buy, license, or collaborate with developed nations. Indian large companies have traditionally been conservative in their approach to investing in R&D.
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