Notes

Guaranteeing Ideas: Technological Creativity In India
The 8 teams of design students all given wonderful, imaginative techniques to assist in saving typically the world, one thought at a period. The ideas had been presented within the finals of the 's Gore Sustainable Technological innovation ventures competition lately at IIT-Madras, and am was lucky enough to become one of typically the judges.

Every one of the delivering presentations in the competitors were remarkable. 1 was from the team from IIT-Kharagpur that suggested far better ways to desalinate marine water - a most welcome idea because the world faces water disadvantages, now or in the future.

Another idea, presented simply by a team coming from Sastra University, Thanjavur, suggested a brand new means that of capturing carbon from industrial exhaust system to create fairly inexpensive industry-grade Co2 Nanotubes (CNT).

This particular could be significant for numerous causes, I learned. For one, it could significantly reduce co2 emissions from professional furnaces.

For one other, we need innovative and better ways of producing CNT; their unique molecular structure provides the two strength and substance capabilities that are usually paving the approach for advances in nanotechnology, optics, gadgets, architecture and other job areas that affect our everyday quality lifestyle.

"We can produce Carbon dioxide Nanotubes at a cheaper current international rates, " one of the Sastra College students told the judges.

The opposition was the result involving initiatives led simply by Prof. Oopali Operajita, a senior expert to various American indian parliamentarians. The distinctive feature of this particular competition, unlike some other technology venture competitive events, is that 33% of the grades were for durability parameters.

Another ingenious idea was a new design that leveraged gravity and buoyancy to improve the particular efficiency of electric power generation. This could be put on mini-power plants basically with a community degree. Another early-stage idea was an innovative approach for making algae-based biofuels - an affordable and efficient source of power for the future.

read more , many of all of us venture capitalists, got to talking more than lunch and arranged that an amount of these future technology entrepreneurs might end up at top consulting businesses and banks : trading in their particular dreams for a new cushy job with a multinational.

Even the few who managed to resist this temptations and actually create a startup may possibly not have typically the skills and encounter to successfully control a business. What they need is a blend of gumptiouspioneering, up-and-coming zest and dynamism with a smattering of experience and maturity - precisely what an Eric Schmidt brought to Google.

With the end of the competition I has been heartened by expertise base in the united states simply because well as typically the ability of these young people to make fresh ideas.

The colleges themselves have got setup entrepreneurship and even innovation funds exactly where many of these youngsters had been able to boost up to Rs. 10 lacs while initial seed money. In addition there are a number of Indian in addition to international competitions which provide them a program to present and test out their concepts.

This is an excellent beginning point. That which we will need more of is a Silicon Valley type of ecosystem, wherever these youngsters may access mentors and also executive talent. They may need angels to back up them - monetarily and managerially instructions to polish their particular ideas into practical business opportunities.

We have a couple of angel networks like the Mumbai Angels plus the Chennai Angels, but all of us need many extra people to contribute period and money to construct on these concepts. Even if only a few of the ventures take off of, they could create the significant difference not only for India but also for the world.

Carry out share your very own ideas in order to market innovative ventures inside this country (by the way, the Carbon Nanotubes thought won first place, and desalination seemed to be second).
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