7th India Innovation Initiative 2015 – Partners

Valluri Technology Accelerators

Advancing Societies through “Technology Convergence” and “Collaborative Approaches”

Valluri Technology Accelerators works towards converging technologies through collaborative approaches and creating solutions that drive positive changes in societies. It believes that the core competency approach where organizations have had leadership with respect to a technology, product, service or market access is no longer valid. With technologies changing and innovations getting launched at a feverish pace, the approach of creating value needs to change. Additionally, markets continue to get transparent due to access of real time data analytics. Also as the world grapples with climate change, the industrial world will need to become extremely efficient in terms of resource utilization and productivity. This can be accomplished through “Collaborative Approaches” and “Technology Convergence” across domains. This concept will have a positive impact by driving engagement in the society and creating responsible solutions for advancement.

The intent of Valluri Technology Accelerators is to create and innovate sustainable low cost solutions through technology convergence and collaborative approaches and addressing societal needs in the areas of: Energy, Water, Healthcare, Environment, Pollution, Waste, Security, Transportation & Mobility.

Today a number of technologies exist around the world. It is the endeavor of Valluri Technology Accelerators to bring in domain expertise from various global and national corporations to build processes and technologies which can be converged to provide solutions for societies and governments. ICT provides the backbone to create the necessary data driven solutions. These practices can be applied to brown field (existing) cities, Industrial Units or green field (to be built) infrastructure.

In emerging economies, where the consumption patterns of an aspiring generation will become gargantuan, industrial efficiency and productivity will become extremely important. Over the next two decades we will witness a sophisticated manufacturing base emerging in the country. This will be based on new material science, robotics, Machine & Artificial Intelligence and automation. IOT and big data will gain prominence. The outputs of the Industrial world will feed into platforms which will address the societal challenges. VTA will engage in creating such an eco-system and bridging the needs of a connected world.

Access to India’s growth markets that demonstrate an increasing purchasing power will demand that the developed world offers clean technologies. Collaborations will allow new innovations to be developed for “bottom of the pyramid” markets. This will develop a “Reverse Innovation Engine”.

The solutions to support needs with these technologies must be environmentally sustainable and socially responsible. Organizations which are strong in technology, market access and people capabilities will undergo a major transformation over next 3-5 years. Disruptive technologies will become the norm and therefore it will be of paramount importance to build a “Convergent and a Collaborative” eco system.

The convergence approach will create new markets, solutions, products, new technologies that can be beneficial to emerging markets. VTA intends to play an active part in this transformation.

Solutions for Building Smart Cities through “Technology Convergence” & “Collaborative Approaches”

Valluri Technology Accelerators, along with its partners can provide innovative and sustainable low cost solutions through convergence and collaborative approaches in the following areas:

  1. Treatment of Water & Sewerage
  2. Converting Waste to Energy
  3. Environment & Pollution Monitoring
  4. Energy (Renewables) & Grid Connectivity
  5. Land & Carrying Capacity Assessment
  6. Smart Measurement Solutions using ICT in the areas of Water (Quality & Supply), Energy, Lighting, Health, Earthquakes and Water Leaks, Security, Logistics, Industrial Controls, Agricultural Productivity, Animal Farming, etc.
  7. Skill Development

Building Solutions for the above areas on a unified platform is necessary so that the principles of circular economy can be applied. In addition, a converged “data analytics” information tool provides the user a unique ability to improve citizen services.

Also, skill development in this space will become a challenge as innovations will become faster than the ability to train people. VTA intends to engage in the process of training and skill upgradation.

Valluri Technology Accelerators has multiple global partnerships to develop such solutions. Some key Partners include the following Organizations:

GE (USA), VITO NV (Belgium), Jethro (Israel), Wipro (India), ESCI (India), STEPS (India), ICRISAT, BMSIT (Bangalore), Innovacer and others.   

Web link: http://www.vallurita.com/

Institutional Partners

The Indian Private Equity & Venture Capital Association (IVCA)

Indian Venture Capital and Private Equity Association (IVCA) is a member based national organization that represents venture capital and private equity firms, promotes the industry within India and throughout the world and encourages investment in high growth companies.

IVCA members comprise venture capital firms, institutional investors, banks, incubators, angel groups, corporate advisors, accountants, lawyers, government bodies, academic institutions and other service providers to the venture capital and private equity industry.

Members represent most of the active venture capital and private equity firms in India. These firms provide capital for seed ventures, early stage companies, later stage expansion, and growth finance for management buyouts/buy-ins of established companies.

Web link: http://indiavca.org/

Young Indians

Young Indians (Yi) is an integral part of the Confederation of Indian Industry (CII), a non-government, not-for-profit, industry led and industry managed organisation playing a proactive role in India's development process. Yi was formed in the year 2002 with an objective of creating a platform for young Indians to realise the dream of a developed nation. Yi has around 2010 direct members in 38 chapters, and engages around 10500 students through chaupals, under the brand ‘Yuva’. The Yi membership includes young progressive Indians between the age group of 21 & 40 and comprises entrepreneurs, professionals and achievers from different walks of life. "To become the Voice of Young Indians Globally" being the vision of Yi, it provides a platform for young Indians to participate in and contribute by becoming an integral part of the Indian growth story. Yi's work is divided primarily into three groups; "Youth Leadership", "Nation Building” and “International Engagements”.

Under youth leadership, Yi works effectively for promoting leadership skills for its members through the learning programs and missions to companies of global excellence in India and abroad; the development and engagement of students through its 109 Chaupal platforms that has 10500 students.

Under Nation Building, Yi engages its members under the board categories of education, environment, healthcare, employability, arts (sports & culture) and rural initiatives contributing positively to its surrounding eco system and the nation. Through its initiatives like Akshara under Education, Yi has impacted more than 15000 students across 57 centers and has successfully managed campaigns like the 'SYightboard Project', providing blackboards to schools across different cities, reaching out to 1070 schools nationally and impacting approximately 2,53,000 children. The Green I Contest done with an objective to engage school children to become socially aware and responsible citizens is one of its flagship programs, with the winner getting a grant of Rs 7.5 lakhs to implement their ideas.

Under "International Engagements", Yi is one of the proud founders of the G20 Young Entrepreneurs' Alliance which is a collective of leading entrepreneurially-minded organizations representing the G20 countries who seek to promote youth entrepreneurship as a powerful driver of economic renewal, job creation, innovation and social and is one of the founders of the Commonwealth Asia Alliance of Young Entrepreneurs (CAAYE) which is a network of young entrepreneurs from the Commonwealth Asia region and the organizations that support them.

Web link: http://www.youngindians.net/

Forum for Industry Interaction, IIM-A

The Forum for Industry Interaction (FII) is India's largest Student Consulting body, based out of the Indian Institute of Management, Ahmedabad (IIM-A). The FII members include participants from its flagship two-year post graduate program (PGP), post graduate program in food and agribusiness management (PGP-FABM), post graduate program for executives (PGP-X) and the doctoral program (FPM).

At its core, FII aims to form successful partnerships between the students and industries. We strive to provide innovative and pragmatic solutions to domestic and international firms, start-ups and non-profit organizations in diverse sectors.  Clients also benefit from access to IIM-A's comprehensive knowledge resources, library and databases. FII follows its proven project management model for problem scoping, feedback and delivery. The client is involved in all stages of the project from selection of project teams to project monitoring and final delivery. Most projects are structured to take 3-4 months to complete and are mentored by the world class IIMA faculty members. In the past we have worked with marquee companies like GE, Amazon, Saint Gobain and CISCO in activities such as market entry, market research, pricing strategy, marketing strategy, sourcing and analytical data modelling.


Web link: http://www.iimafii.org/

Indian Angel Network

Indian Angel Network is a network of Angel investors keen to invest in early stage businesses which have potential to create disproportionate value. The members of the Network are leaders in the Entrepreneurial Eco-System as they have had strong operational experience as CEOs or a background of creating new and successful ventures. They share a passion to create scale and value for startup ventures.

Started in April 2006, the Indian Angel Network in addition to money, provides constant access to high quality mentoring, vast networks and inputs on strategy as well as execution. The Network members, because of their background are better able to assess the potential and risks at the early stage. The network works through the mechanisms of deal flow, investment and mentoring provided by individual and institutional member investors to start-ups.    

Indian Angel Network is a network of Angel investors keen to invest in early stage businesses which have potential to create disproportionate value. The members of the Network are leaders in the Entrepreneurial Eco-System as they have had strong operational experience as CEOs or a background of creating new and successful ventures. They share a passion to create scale and value for startup ventures.

Started in April 2006, the Indian Angel Network in addition to money, provides constant access to high quality mentoring, vast networks and inputs on strategy as well as execution. The Network members, because of their background are better able to assess the potential and risks at the early stage. The network works through the mechanisms of deal flow, investment and mentoring provided by individual and institutional member investors to start-ups.    

Web link: http://indianangelnetwork.com/

Indian Steps and Business Incubators' Association (ISBA)

The Indian STEP and Business Incubator Association (ISBA) was set up in 2004 as a registered professional body to promote business incubation in India. ISBA aims to promote business incubation activities in the country through exchange of information, sharing of experience, and other networking assistance among Indian Business Incubators, Science and Technology Entrepreneurs Parks (STEPs) and other related organizations engaged in the promotion of start-up enterprises.

Web link: http://www.isba.in/about-us

Technology Information, Forecasting and Assessment Council – Technology Refinement and Marketing Program (TIFAC-TREMAP)

Technology Information, Forecasting and Assessment Council (TIFAC) is an autonomous organization set up in 1988 under the Department of Science & Technology to look ahead in technologies, assess the technology trajectories, and support technology innovation by network actions in select technology areas of national importance.In 1993, TIFAC embarked upon the major task of formulating a Technology Vision for the country in various emerging technology areas. The outcome of the Technology Vision 2020 exercise led to the set of 17 documents, including sixteen technology areas and one on services. The effort was a unique and pioneering exercise that involved more than 5,000 experts including scientists, technologists and corporate managers from academia, industry and the government. 

In 2009, TIFAC had initiated Technology Refinement and Marketing Programme (TREMAP), to work towards pushing the innovative technologies, up the commercialization cycle, towards market through a network of Technology Commercialization Facilitators (TCFs) and establishing an enabling ecosystem for the same. 

TREMAP is a unique program which is designed for supporting the country’s innovation pool by pushing the innovative technologies from the prototype stage towards a viable commercial product through a network of Technology Commercialization Facilitators (TCFs). The programme provides opportunities for an early assessment of innovative technologies by identifying their market potential and provides the required support (marketing, operational and financial support) towards commercialization.

Web link: http://www.tifac.org.in/index.php?option=com_content&view=frontpage&Itemid=1

The Indus Entrepreneurs (TiE Delhi-NCR)

TiE is a non-profit, global community welcoming entrepreneurs from all over the world. We believe in the power of ideas to change the face of entrepreneurship and growing business through our five pillars; mentoring, networking, education, incubating and funding. TiE was founded in 1992 by a group of successful entrepreneurs and is currently the world’s largest entrepreneurial organization out there. With programs like TiE Young Entrepreneurs (TYE) and Mentor Match, we are reaching out and fostering the next generation of entrepreneurs. TiE is a non-profit, global community welcoming entrepreneurs from all over the world. We believe in the power of ideas to change the face of entrepreneurship and growing business through our five pillars; mentoring, networking, education, incubating and funding. TiE was founded in 1992 by a group of successful entrepreneurs and is currently the world’s largest entrepreneurial organization out there. With programs like TiE Young Entrepreneurs (TYE) and Mentor Match, we are reaching out and fostering the next generation of entrepreneurs.

Web link: http://delhi.tie.org/

STEP IIT Kharagpur

The Science and Technology  Entrepreneurs' Park (STEP) was established at IIT Kharagpur in Dec. 1986 with financial support from DST New Delhi, DST West Bengal, IDBI, IFCI, ICICI. Approval was accorded by DST on Aug.14, 1987. Operations commenced from Mar.1989.

As per the mandate set by National Science and Technology Entrepreneurship Development Board (NSTEDB), DST, New Delhi, STEP IIT Kharagpur has come a long way in promoting entrepreneurship by providing a conducive environment of nurturing and mentoring to the prospective entrepreneurs. STEP- IIT Kharagpur, works in complete harmony with the other incubation programmes like Technology Incubation and Entrepreneurship Training Society (TIETS) and Technology Business Incubation (TBI) of the host institute (Indian Institute of Technology, Kharagpur) and acts as a conduit between IIT and the external world to facilitate technology transfer as well as to convert research out comes of entrepreneurs to commercially viable propositions.

Web link: http://www.step-iit.org/index.html