six pronged strategy to correct Indian innovation system S.

Jaipal Reddy

The government is working on restructuring syllabus for engineering colleges so that engineering aspirants are able to develop modern technological skills together with theoretical knowledge, union minister for science & technology and earth sciences, It is not that students are lacking skills but our syllabus is defective in a way, as such we are trying to restructure the syllabus so that along with theoretical knowledge the engineering and science students are able to develop modern technological skills In our policy environment education is not focused on applications and heavily relies upon understanding and imparting knowledge rather than skills to apply, The whitepaper would be soon released and the several actions to be taken by different stakeholders need to be identified. Id request all industry captains to study the whitepaper and initiate appropriate action. The minister also suggested a six pronged strategy to correct Indian innovation system and bridge the gaps therein: 1) Policy environment 2) Creative people

3) Institutional strength 4) Investment climate 5) Strong entrepreneurship 6) Ending ecosystem for connecting innovations to wealth creation These issues need attention,We seem to be doing fairly well in development and creation of innovations. It is in the scaling of innovations and in conversions of successful innovations in to market place is what we need. in a risk-averse environment innovation system like that in case of India needs a strong innovation movement in the entire chain of knowledge to market place. Conversion of innovation potential into strength in the market place needs much more than creative potential. Earlier, talking about the role of industry in innovation, research and development processes, There is an urgent need to unleash and strengthen innovation system in India and the industry along with the government must take the lead in this behalf. Share of private sector in research investment will rise from the current level of about 30 per cent in the times to come. We need the private sector to take the lead in innovation.