Panel Discussion 2 - Inclusive Innovation
Inclusive innovation is defined as any innovation that leads to affordable access of quality goods and services creating livelihood opportunities for the excluded population, primarily at the base of the pyramid, and on a long term sustainable basis with a significant outreach.
A commendable example of inclusive innovation is the recent push towards integrating information technology services with agriculture in remote areas.
Inclusive innovation however, isn’t a perfect process; at least at this point of time. There are a plethora of issues which need to be addressed before its large scale implementation. Policy changes have to be made on a drastic scale to incentivize inclusive innovation. Furthermore, an efficient metric has to be constructed to quantify inclusive innovation.
Is India ready to move forward in the path of Inclusive Innovation? What are the biggest challenges we face for the same?