Need for Innovation

* Entrepreneurship needs innovation. It is creativity that will fuel this emerging revolution. Over 18% of India’s workforce is into entrepreneurship. Compare this with the 10.2% in USA. India has moved from being a brand that stands for imitation to a name in innovation. * India has filed 4,000 patents in five years. Over 100 top MNCs in India and Indian research labs are fuelling the innovator’s dream. Multinationals have even tried to patent basmati rice and 2000 year old ayurvedic drugs, while we keep dreaming of our glorious tradition. We need to wake up. * India’s youth want the world and they want it now! 54% of India’s population is now under 25. The ‘core competence of India’ is her brilliant young people. Our intellectual capital or MindsPower is our Unique Selling Proposition (USP), provided we put it to productive use. * Labor is a far more important factor of growth than Capital.