NITI Aayog report cites IIMB expert on tackling India’s innovation and entrepreneurship challenges
Dr Chirantan Chatterjee has been acknowledged for his inputs on bringing in systemic disruptive change to boost innovation
04 NOVEMBER, 2015: The NITI Aayog Expert Committee on Innovation and Entrepreneurship has acknowledged the contributions of Dr Chirantan Chatterjee, from the Corporate Strategy & Policy area at the Indian Institute of Management Bangalore (IIMB).
This expert committee was constituted by the Government of India (GoI) and the National Institution for Transforming India (NITI) Aayog to set up a national innovation initiative under the Atal Innovation Mission (AIM). The committee is headed by Prof. Tarun Khanna, from Harvard University, and comprises eminent persons in the field of education like Dr. Vijay Chandru, Chairman, Strand Life Sciences, Prof. Devang Khakhar, Director of IIT Bombay, Prof. Ashish Nanda, Director of IIM Ahmedabad and Prof. Goverdhan Mehta, former director of IISc Bengaluru among others (see: http://niti.gov.in/mgov_file/report%20of%20the%20expert%20committee.pdf).
The committee reached out to a select few institutes and individuals for inputs. Many experts from industry, academia and the government had attended and contributed to the brainstorming sessions organised by the NITI Aayog in New Delhi through 2015. Dr Chirantan Chatterjee is one among them, and finds a mention in the report of the Expert Committee on Innovation and Entrepreneurship for his “valuable inputs”. The report will be the working manual for the rollout of the AIM and the government of India’s national innovation and entrepreneurship plans going forward. On a related note, Dr Chatterjee will soon be chairing the First India Conference on Innovation, Intellectual Property and Competition at IIM Bangalore on December 7 and 8, 2015. His work on incentives for innovation and the role of intellectual property in global healthcare markets is now published in the Journal of Health Economics, National Bureau of Economic Research & by the Brookings Press. His research is also cited at the US National Science of Foundation’s Science of Science Policy website and he has been invited for seminars for global platforms like University of Pennsylvania’s India & Innovation initiative, London Business School’s Ghoshal Conference & the Berkeley Innovation Seminar.
The Niti Aayog expert committee recommendations are aimed at boosting entrepreneurship and innovation in India and holistically addressing the challenges associated. The recommendations look at various actions, initiatives, systems and bold reforms to bring about systemic disruptive change. The formulation of the AIM is slated to be a defining moment in India’s economic history, aligned to the country’s agenda towards innovation and entrepreneurship.
The committee puts forth the idea of an innovation pyramid, via short, medium and long-term recommendations to accelerate the entrepreneurship agenda. In the short-term, the committee proposes introducing competitions and prizes as tools to encourage innovation, encouraging corporates to fund research and development at the university level, improving the efficiency of business incubators, and fostering a national entrepreneurship and innovation movement. In the medium-term, the committee proposes using digital platforms to encourage innovation, reforming the educational system to encourage creativity and upskilling workers to make them more employable, improving the ease of doing business, and strengthening intellectual property rights. Finally, the committee also proposes a number of measures to change cultural biases and attitudes towards entrepreneurship in the long-term, including attaching entrepreneurship to large scale economic and social programmes, promoting new high-potential sectors via the government’s ‘Make in India’ campaign, fostering a culture of coordination and collaboration, attempting to redefine cultural notions of success, and tying entrepreneurship with the social inclusion agenda.
Background: The Finance Minister in his Budget Speech 2015-16 announced the Government’s intention to establish the AIM in NITI and stated that initially a sum of INR 150 crores would be earmarked for this purpose. The overarching purpose of this mission is to promote a culture of entrepreneurship and innovation in India. In the years to come, entrepreneurship and innovation is expected to be an ever more important source of growth and job creation. New technology also has the potential to find solutions to pressing economic and social problems. The government sees the AIM as critical to expediting the entrepreneurial process in India.
IIMB Innovation Conference: www.iimb.ac.in/iipc
Chatterjee Webpage: http://www.iimb.ac.in/user/185/chirantan-chatterjee
NITI Aayog report cites IIMB expert on tackling India’s innovation and entrepreneurship challenges
Dr Chirantan Chatterjee has been acknowledged for his inputs on bringing in systemic disruptive change to boost innovation
04 NOVEMBER, 2015: The NITI Aayog Expert Committee on Innovation and Entrepreneurship has acknowledged the contributions of Dr Chirantan Chatterjee, from the Corporate Strategy & Policy area at the Indian Institute of Management Bangalore (IIMB).
This expert committee was constituted by the Government of India (GoI) and the National Institution for Transforming India (NITI) Aayog to set up a national innovation initiative under the Atal Innovation Mission (AIM). The committee is headed by Prof. Tarun Khanna, from Harvard University, and comprises eminent persons in the field of education like Dr. Vijay Chandru, Chairman, Strand Life Sciences, Prof. Devang Khakhar, Director of IIT Bombay, Prof. Ashish Nanda, Director of IIM Ahmedabad and Prof. Goverdhan Mehta, former director of IISc Bengaluru among others (see: http://niti.gov.in/mgov_file/report%20of%20the%20expert%20committee.pdf).
The committee reached out to a select few institutes and individuals for inputs. Many experts from industry, academia and the government had attended and contributed to the brainstorming sessions organised by the NITI Aayog in New Delhi through 2015. Dr Chirantan Chatterjee is one among them, and finds a mention in the report of the Expert Committee on Innovation and Entrepreneurship for his “valuable inputs”. The report will be the working manual for the rollout of the AIM and the government of India’s national innovation and entrepreneurship plans going forward. On a related note, Dr Chatterjee will soon be chairing the First India Conference on Innovation, Intellectual Property and Competition at IIM Bangalore on December 7 and 8, 2015. His work on incentives for innovation and the role of intellectual property in global healthcare markets is now published in the Journal of Health Economics, National Bureau of Economic Research & by the Brookings Press. His research is also cited at the US National Science of Foundation’s Science of Science Policy website and he has been invited for seminars for global platforms like University of Pennsylvania’s India & Innovation initiative, London Business School’s Ghoshal Conference & the Berkeley Innovation Seminar.
The Niti Aayog expert committee recommendations are aimed at boosting entrepreneurship and innovation in India and holistically addressing the challenges associated. The recommendations look at various actions, initiatives, systems and bold reforms to bring about systemic disruptive change. The formulation of the AIM is slated to be a defining moment in India’s economic history, aligned to the country’s agenda towards innovation and entrepreneurship.
The committee puts forth the idea of an innovation pyramid, via short, medium and long-term recommendations to accelerate the entrepreneurship agenda. In the short-term, the committee proposes introducing competitions and prizes as tools to encourage innovation, encouraging corporates to fund research and development at the university level, improving the efficiency of business incubators, and fostering a national entrepreneurship and innovation movement. In the medium-term, the committee proposes using digital platforms to encourage innovation, reforming the educational system to encourage creativity and upskilling workers to make them more employable, improving the ease of doing business, and strengthening intellectual property rights. Finally, the committee also proposes a number of measures to change cultural biases and attitudes towards entrepreneurship in the long-term, including attaching entrepreneurship to large scale economic and social programmes, promoting new high-potential sectors via the government’s ‘Make in India’ campaign, fostering a culture of coordination and collaboration, attempting to redefine cultural notions of success, and tying entrepreneurship with the social inclusion agenda.
Background: The Finance Minister in his Budget Speech 2015-16 announced the Government’s intention to establish the AIM in NITI and stated that initially a sum of INR 150 crores would be earmarked for this purpose. The overarching purpose of this mission is to promote a culture of entrepreneurship and innovation in India. In the years to come, entrepreneurship and innovation is expected to be an ever more important source of growth and job creation. New technology also has the potential to find solutions to pressing economic and social problems. The government sees the AIM as critical to expediting the entrepreneurial process in India.
IIMB Innovation Conference: www.iimb.ac.in/iipc
Chatterjee Webpage: http://www.iimb.ac.in/user/185/chirantan-chatterjee