The Bangalore success story has been dramatic and has generated enormous brand presence, employment opportunities and wealth. Bangalore is seen as India's connect with the outside world. Right from software giants like Infosys and Wipro to new-age start-ups like Flipkart, product companies like Tejas Networks to biotechnology innovators like Biocon, Bangalore has witnessed the creation, incubation and success of many ideas. Google's Map Maker, Intel's six-core Xeon processor, Microsoft's search engine Bing and HP's Dynamic Smart Cooling Technology have all been designed or have key components built in the city.
However, I think we have a long road to travel before we can truly call Bangalore the 'Global innovation hub .. The past success has mostly been driven by companies doing things cheaper, faster or better than the existing set or multinational giants setting up captive offshore centres, but not really through new innovative products or services. To get there, what we need are three key things: a drastic change in mindset, the way institutions work together and a well-defined path to take innovative research ideas to market, quickly and effectively.
To read the full, original article click on this link: Building an innovation hub for the future - The Economic Times
