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Celebrated and established speakers from various disciplines came together to:
The ASME India Conclave is an endeavor from The American Society of Mechanical Engineers to promote art, science and the practice of multidisciplinary engineering and related sciences around the globe.
Professor Ravi Prakash, the Vice Chancellor at Jaypee University of Information Technology who currently chairs the ASME India section, kick-started the event with his opening remarks on ‘Innovation.’ He also elaborated that innovation is different from invention, as innovation requires the input of ideas, whereas invention requires the input of cash and should lead to revenue generation.
Sam Pitroda, Advisor to the Prime Minister on Public Information Infrastructure and Innovations, made the inaugural address. Emphasizing the role of innovation towards bolstering inclusive growth, Sam Pitroda elaborated on how the ‘National Innovation Council is working towards democratization of information and e-governance by adopting cloud computing. During this talk, Sam Pitroda focused on four key points:
a) Building ‘innovation’ as a platform – Innovation is geared towards the bottom of the pyramid and all efforts are aimed at making processes, governance, health and agriculture more inclusive, affordable, scalable and sustainable.
b) Improving ecosystems – New policies are being formulated for entrepreneurship, venture capital and angel investment. More energy is being invested at understanding intellectual property rights to create a fertile ground for innovation.
c) Inclusive Innovation funds – Many clusters of small and medium scale enterprises are being educated by innovation. These clusters are being further connected to universities to show them the benefits of innovation and new opportunities that help create shared wealth.
(From left) Panelists Thomas Loughlin, Executive Director – ASME, PaparaoKodali, VP & GM – Ingersoll Rand, Marc Goldsmith, President – ASME, Prof. Ravi Prakash, Vice Chancellor of JUIT, listening to the inaugural address by Sam Pitroda
Sam Pitroda’s address was followed by a series of panel discussions by thought leaders from diverse fields. Here are a few key take-aways from the sessions: -
H.K. Mittal (right) and Bansi Phansalkar (left) delivered their keynote talks at the conclave
New innovation is a process of risk mitigation – While most other speakers spoke about frugal innovation, Bansali Phansalkar, GM – GE Energy addressed the topic with a different lens. He said that looking at new innovation as a process for risk mitigation is the recipe to succeed in large infrastructure projects.
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