INNOVATION
July 2008
Introduction
Scan Around Us
Frontier S&T
S&T for basic needs
Special Features
Infocus
Prespective
Technology Development
Expert Converage
Knowledge Spreads
Scan Around the Globe

Previous Issues

From the Desk of Chairman
Innovation: Part 3- 63

India released its Science and Technology Policy - 2003 in the first week of this January. The Policy not only carries forward the scientific resolution of 1958 and the principles of growth of science and technology enunciated in the Technology Policy Statement 1983, but also amply recognizes the changing context of the scientific enterprise in order to meet the emerging national needs in the new era of globalisation. Thus the policy objectives of the new policy promise to integrate fully science and technology with all spheres of national activity. It aims to vigorously foster scientific research in academic and engineering institutions as also in industrial R&D centres, to encourage research and innovation in areas of specific relevance, to substantially strengthen enabling mechanisms and IPR regime that would maximise generation, protection and commercialisation of inventions in the maximal public interest.

The Science & Technology Policy 2003, in a way, provides a road map for integrating science and technology directly with societal concerns. It is anchored in our traditionally enduring faith in S&T's green, ethical and human face that is bereft of gender bias and empowers the community as a whole.

The Special Feature in the present issue of the WISTA: INNOVATION brings out the salient features of the S&T Policy 2003, its aims and objectives and the implementation strategy.

Economists opine that innovation and entrepreneurship have close relation, as innovation is a specific instrument of entrepreneurship. Since new ideas, new products, and new technologies need time to develop and cost money, enterprising companies devise strategies to capture ideas, own competency, keep projects afloat and reduce risks. The "Perspecive" in this issues explains the innovative factor, lists some 50 continuously inventing small businesses and organisations, and brings out economics of innovation.

Other regular features as usual, report on the latest developments worldwide. Comments and suggestions are welcome.

Dr K V Swaminathan

RESEARCH & ANALYSIS TEAM

Mr S R Adige - Principal Advisor

Mr S B Mathur
- Joint Director

Mr B K Wadhawan- Director

Mr S S Kalra- Director

This publication aims at disseminating information on pertinent developments in its specific field of coverage. The information published does not, therefore, imply endorsement of any product/ process/ producer or technology by WITT.