Innovation ecosystem in India

Innovation in India is being structured around the triad of collaboration, facilitation and responsible regulation. It is advanced by cross-disciplinary collaboration.

India is a fertile ground to be a technology-led innovation garage.
It is the fastest growing country in terms of Internet usage, with over 700 million users and the number projected to rise to 974 million by 2025.
The JAM trinity (Jan Dhan, Aadhaar, Mobile) trinity has 404 million Jan Dhan bank accounts with 1.2 billion Aadhaar and 1.2 billion mobile subscribers.
There is a potential to add over $957 billion to India’s GDP by 2035 with artificial intelligence (AI), according to a recent report by Accenture.

Vaishvik Bharatiya Vaigyanik (VAIBHAV) Summit is a collaborative initiative by S&T and Academic Organisations of India to enable deliberations on thought process, practices and R&D culture with a problem solving approach for well defined objectives.
The VAIBHAV initiative aims to bring out the comprehensive roadmap to leverage the expertise and knowledge of global Indian researchers for solving emerging challenges.
More than 3,000 overseas Indian-origin academicians and scientists from 55 countries, and about 10,000 Indians participated to ideate on innovative solutions to our challenges.
The goal is to create an ecosystem of Knowledge and Innovation in the country through global outreach.

RAISE 2020 is India’s first Artificial Intelligence summit organized by the Government in partnership with Industry & Academia.
The RAISE 2020 summit (Responsible AI for Social Empowerment) has brought issues around artificial intelligence (AI) to the centre of policy discussions.
The summit is a global meeting of minds to exchange ideas to use AI for social empowerment, inclusion and transformation in key areas like Healthcare, Agriculture, Education and Smart Mobility amongst other sectors.
It is being organised by Ministry of Electronics & IT

The government has been building a comprehensive framework by providing capital in terms of resources and psychological security for researchers. It is incentivising research and development with several schemes such as
- Innovation in Science Pursuit for Inspired Research (INSPIRE) scholarships
- The Ramanujan Fellowship
- The Knowledge Involvement in Research Advancement through Nurturing (KIRAN) scheme
- Smart India Hackathons (SIH)
- Atal Innovation Mission (AIM)
- The Biotechnology Ignition Grant (BIG) scheme
- Setting up of the Future Skills PRIME (Programme for Reskilling/Upskilling of IT Manpower for Employability) capacity building platform and
- Also the triad of Scheme for Transformational and Advanced Research in Sciences (STARS), Scheme for Promotion of Academic and Research Collaboration (SPARC) and Impactful Policy Research in Social Science (IMPRESS).
- National Mission on Interdisciplinary Cyber-Physical Systems
The government has been actively facilitating collaborative and light touch regulatory practices to promote innovation and incentivise risk-taking.

Innovation has the potential to build a future where
AI will transform education and health care, machine learning and
Blockchain will make commerce robust and resilient,
Clean energy will drive our economy,
Gene-editing would help us bring back extinct species and reinvigorate depleted ecosystems,
Quantum computing will raise our processing capability to resolve challenges which seem insurmountable and augmented, and
Virtual reality will optimistically change the way we interact with the physical world.

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