Notes

Guaranteeing Ideas: Technological Innovation In India
The ten teams of engineering students all given wonderful, imaginative techniques to help save the particular world, one idea at a moment. The ideas have been presented in the finals of the Ing Gore Sustainable Technologies ventures competition lately at IIT-Madras, and I was lucky enough to be one of the judges.

All the delivering presentations in the competitors were remarkable. 1 was from a team from IIT-Kharagpur that suggested much better approaches to desalinate marine water - a most welcome thought as much of the globe faces water shortages, now or in the future.

An additional idea, presented by simply a team by Sastra University, Thanjavur, suggested a brand new method of capturing co2 from industrial tire out to create fairly inexpensive industry-grade And also carbon Nanotubes (CNT).

This kind of could be essential for several causes, I learned. For one, it may significantly reduce co2 emissions from commercial furnaces.

For an additional, we need innovative and better techniques of producing CNT; their unique molecular structure provides the two strength and substance capabilities that will be paving the approach for advances inside nanotechnology, optics, electronics, architecture along with other career fields that affect the everyday standard of living.

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

website was your result associated with initiatives led by simply Prof. Oopali Operajita, a senior consultant to various Indian parliamentarians. The distinctive feature of this kind of competition, unlike other technology venture competitions, is that 33% of the scars were for durability parameters.

Another ingenious idea was a new design that leveraged gravity and buoyancy to improve the particular efficiency of energy generation. This could be placed on mini-power plants that work with a community level. Another early-stage idea was an innovative approach for producing algae-based biofuels instructions a cheap and successful source of energy for typically the future.

We idol judges, many of us venture capitalists, got to talking above lunch and arranged that a quantity of these growing in number technology entrepreneurs would end up at top consulting firms and banks : trading in their particular dreams for the cushy job along with a multinational.

Even the few who was able to resist this temptations and actually produce a startup may possibly not have the particular skills and experience to successfully manage a business. The actual need is a blend of pioneeringup-and-coming zest and dynamism with a small amount of experience and even maturity - what an Eric Schmidt brought to Google.

With the end of the competition I seemed to be heartened from the expertise base in the land just as well as the particular ability of such young people to create fresh ideas.

The colleges themselves have got set up entrepreneurship and even innovation funds in which many of these youngsters were able to boost up to Rs. 10 lacs because initial seed financing. You can also get a number of Indian plus international competitions that provide them a system to present and try out their tips.

It is really an excellent beginning point. more info which we want more of is a Silicon Valley kind of ecosystem, wherever these youngsters may access mentors along with executive talent. They will need angels to back up them - fiscally and managerially instructions to polish their ideas into practical business opportunities.

We have a few angel networks just like the Mumbai Angels as well as the Chennai Angels, but we need many even more people to contribute period and money to construct on these suggestions. Even if simply a few of those ventures take away, they can create a new significant difference not only for India but also for the world.

Carry out share your very own ideas means advertise innovative ventures inside this country (by the way, the Carbon Nanotubes idea won first spot, and desalination seemed to be second).
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