Innovation Hub Thesis

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Innovation Center, Delhi.

World View We are living in a time of massive, world changing innovation – Business Insider “There were more unique inventions over the past year than ever before in the history of human mankind,” note analysts in Thomson Reuters 2015 State of Innovation report. Science is universal, the scientists have a cultural background and hence many prejudices. Mixing minds from different cultural backgrounds can help overcome at least some of them as exemplified by the success of the US graduate schools in generating innovative ideas. He remarkable success of the Bell Labs I the post-war decade of the twentieth century is an example of innovations triggered by bringing together multi-disciplinary groups of researchers to work on problems of societal importance In present global innovation era, two countries stand out in terms of their support for research parks – China and US.

Need of an Innovation Centre Innovation hubs aim to discover and curate innovative and technological solutions for companies to help them in several ways, such as competing in a new market, acquiring customers at lower costs, or developing new tools for better efficiency. Since India is a country with a very high unemployment rate, people need to create more jobs and facilitate the "make in India movement." • Shift in the economy from a service-based economy to an idea-based economy, and yet, the alteration in architecture is not keeping pace with this shift in India. • In large campuses, lack of awareness of the knowledge or skills possessed by a coworker has become a fundamental issue. Many organizations aspire to improve

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