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The key element to achieve technological growth
and financial success in the present intense competitive
global senario is converting inventions into innovations
and launched products. Such a scenario puts huge
pressures on organisations to innovate, and gravitate
towards improving ability and capacity to convert
ideas into inventions, inventions into products
and services and reduce time lag for taking these
to the market. The implication, however, is that
organisations should focus on technologies in
which they have expertise and which harbour better
commercial prospects. To give a boost to the Indian
innovators for marketing their inventions and
ideas, the FICCI Lockhead Martin India Innovation
Growth Programme 2008, recently initiated eight
business agreements to exploit the tremendous
potential their inventions hold for the benefit
of Indian and global community.
The 'Special Feature' in the present issue of
the WISTA: Innovation deals with the importance
of progressing judiciously selected ideas into
commercially viable inventions, products and services.
Despite
the current slowdown and the global economic crisis,
Bayer Group of Germany has embarked on a path
of maintaining the R&D impetus and ensuring
sustained and viable growth. Its R&D thrust
encompasses new applications, environmentally
compatible production methods, and customised
product solutions, particularly in Bayer MaterialScience,
Bayer CropScience, Healthcare and Bayer Climate
Programme. |
