Nasscom, BCG study Innovation Ecosystem in India

BANGALORE: Nasscom, the premier trade body and voice of the software and services industry in India and The Boston Consulting Group (BCG), today announced that they are conducting a joint study titled ‘Developing an Innovation Ecosystem in the Indian IT Industry’.

The study is aimed at addressing some gaps that exist in the Indian ecosystem for making innovation flourish and realize its true potential. A series of workshops and roundtables involving stakeholders of an Indian innovation ecosystem are also conducted during the course of the study to iterate findings and take inputs from the various stakeholders before publishing the final set of recommendations.

The first workshop of this series will be conducted on February 8, on the sidelines of the Nasscom 2007 India Leadership Forum in Mumbai.

Emphasizing the need for innovation ecosystem, Kiran Karnik, president, Nasscom, said: “Innovation has become a key focus area for the Indian IT industry as indeed for India as a nation. Innovation does not thrive in isolated silos and needs an enabling environment at the national/regional/industry level to foster innovation. At the moment, while there is increased awareness on the need to innovate, there is relatively little knowledge in India of what differentiates successful innovative firms from others and more critically, what are the constituents of a mature innovation ecosystem? This Nasscom-BCG initiative will seek to provide linkages among the various innovation stakeholders including inventors, VCs and angel investors, patent experts, entrepreneurs, firms, academia and researchers to encourage typical innovation ecosystem.”

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