Notes

Promising Ideas: Technological Innovation In India
The 8 teams of design students all given wonderful, imaginative ways to assist in saving the world, one concept at a period. The ideas were presented inside the finals of the 's Gore Sustainable Technologies ventures competition just lately at IIT-Madras, and i also was lucky enough being one of typically the judges.

All of the delivering presentations in the competitors were remarkable. One was from some sort of team from IIT-Kharagpur that suggested better methods to desalinate sea water - a new most welcome thought as much of the entire world faces water shortages, now or throughout the future.

One other idea, presented simply by a team through Sastra University, Thanjavur, suggested a fresh means of capturing co2 from industrial exhaust to create relatively inexpensive industry-grade And also carbon Nanotubes (CNT).

This could be significant for several causes, I learned. Regarding one, it may significantly reduce carbon emissions from professional furnaces.

For more info , we need new and better methods of producing CNT; their unique molecular structure provides each strength and substance capabilities that are paving the approach for advances inside nanotechnology, optics, consumer electronics, architecture as well as other areas that affect our own everyday quality lifestyle.

"We can produce Co2 Nanotubes at a cheaper current international costs, " one of the Sastra College students told the judges.

The competitors was your result associated with initiatives led by simply Prof. Oopali Operajita, a senior expert to various Indian parliamentarians. The special feature of this specific competition, unlike additional technology venture competitive events, is that 33% of the markings were for sustainability parameters.

Another clever idea was a design that leveraged gravity and buoyancy to improve the efficiency of energy generation. This may be used on mini-power plants that work at a community stage. Another early-stage idea was a fresh approach for creating algae-based biofuels -- an affordable and effective source of power for the future.

We family court judges, many of us all venture capitalists, got to talking above lunch and arranged that a quantity of these future technology entrepreneurs would likely end up with top consulting businesses and banks instructions trading in their dreams for some sort of cushy job with a multinational.

Even the few who was able to resist this enticement and actually generate a startup may not have the particular skills and expertise to successfully handle a business. What they need is a new blend of enterprisinggo-getting, gumptious, pioneering, up-and-coming zest and dynamism with a small amount of experience and even maturity - what an Eric Schmidt taken to Google.

From the end regarding your competition I was heartened by ability base in the united states just as well as the particular ability of these young people to produce fresh ideas.

The colleges themselves have got create entrepreneurship plus innovation funds wherever several of these youngsters had been able to boost up to Rs. 10 lacs because initial seed funding. Additionally, there are an amount of Indian in addition to international competitions offering them a program to present and even test out their ideas.

This is an excellent starting up point. What we will need more of is a Silicon Valley variety of ecosystem, w here ver these youngsters could access mentors along with executive talent. They may need angels to back up them - monetarily and managerially : to polish their particular ideas into practical business opportunities.

We all have a few angel networks like the Mumbai Angels along with the Chennai Angels, but we all need many even more visitors to contribute moment and money to create on these ideas. Even if only a few of the ventures take off of, they might create a significant difference not merely for India but also for the world.

Carry out share your very own ideas on how to showcase innovative ventures within this country (by the way, typically the Carbon Nanotubes concept won first spot, and desalination has been second).
Here's my website: https://notes.io/qrVEj