Notes

Guaranteeing Ideas: Technological Development In India
The 8-10 teams of design students all written wonderful, imaginative techniques to help saving typically the world, one concept at a period. The ideas have been presented within the titles of the Approach Gore Sustainable Technologies ventures competition just lately at IIT-Madras, and am was lucky enough being one of typically the judges.

Every one of the delivering presentations in the opposition were remarkable. One particular was from a team from IIT-Kharagpur that suggested much better ways to desalinate marine water - some sort of most welcome concept because the entire world faces water disadvantages, now or within the future.

An additional idea, presented by simply a team by Sastra University, Thanjavur, suggested a fresh method of capturing carbon dioxide from industrial exhaust to create comparatively inexpensive industry-grade Carbon dioxide Nanotubes (CNT).

This kind of could be essential for numerous factors, I learned. For one, it can significantly reduce carbon emissions from professional furnaces.

For another, we need brand-new and better methods of producing CNT; their unique molecular structure provides equally strength and chemical capabilities that will be paving the approach for advances throughout nanotechnology, optics, consumer electronics, architecture and also other areas that affect the everyday quality of life.

"We can produce And also carbon Nanotubes at a fraction of the current international prices, " one regarding the Sastra University students told the particular judges.

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

Another smart idea was a new design that leveraged gravity and buoyancy to improve the efficiency of energy generation. This can be used on mini-power plants basically at a community level. Another early-stage thought was a new approach for making algae-based biofuels -- an affordable and effective source of power for the future.

We idol judges, many of us all venture capitalists, acquired to talking over lunch and agreed that a quantity of these budding technology entrepreneurs might end up in top consulting organizations and banks - trading in their particular dreams for a new cushy job together with a multinational.

Even the few who was able to resist this enticement and actually make a startup may well not have the particular skills and experience to successfully handle a business. The actual need is the blend of entrepreneurial zest and dynamism with a smattering of experience in addition to maturity - exactly what an Eric Schmidt delivered to Google.

With the end associated with your competitors I was heartened with the expertise base in the country as well as the particular ability of the youthful people to produce fresh ideas.

The particular colleges themselves include established entrepreneurship plus innovation funds in which a number of these youngsters have been able to raise up to Rs. 10 lacs while initial seed funding. Additionally, there are a range of Indian and even international competitions that offer them a program to present and test out their suggestions.

This is an excellent beginning point. Whatever we will need more of is a Silicon Valley kind of ecosystem, exactly w here these youngsters can easily access mentors as well as executive talent. They are going to need angels to support them - financially and managerially instructions to polish their own ideas into viable business opportunities.

We have several angel networks just like the Mumbai Angels along with the Chennai Angels, but we need many even more visitors to contribute period and money to create on these concepts. Even if only a few of the ventures take off, they can create the significant difference not simply for India but for the world.

Do share your very own ideas in order to market innovative ventures within this country (by the way, the particular Carbon Nanotubes thought won first place, and desalination was second).
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