Dr Rishikesha Krishnan

Director , Indian Institute of Management, Bangalore

best practices in Managing innovation in Enterprises using his book 8 steps to

innovation- Going from Jugaad to excellence. One of the biggest challenges of a
company's how do you make innovation Happen on a continuation and innovation
basis. Innovation might happen due to an accident but how do you make it a DNA of an
organization. The big problem is how to build a systematic innovation capability. This
involves three important steps- Build pipeline- To have ideas to work on, the Idea
velocity - To develop the ideas for the and Improve average For converting ideas into
successful innovation.

It is important to identify the sources, scope, stages, technology, selection, and funding
of ideas which is called as Idea management. Building participation Is that employees
find it easy to share their ideas Which are the raw materials for innovation. One has to
create excitement so that one shares their ideas actively eg. Titan is good at doing it.
Solve problems with three steps Pain, wave and waste. Experimentation is really
important and one needs to create a good climate to be a source for innovation Why
building an innovation sandbox. Tracking is important to analyze how successful
innovation is performing. Pandemic help bring innovation because it made things clear
of what are the problems.
Ravi Arora

Vice President, Group Innovation

Tata Sons Ltd

: Inspiration is very critical and is very important when it comes to innovation. Create a
fantastic experience that encourages people to volunteer that has you create a
company of innovation. Award people for sharing ideas And if you fail we appreciate it.
Ideas can be simple as being a facetime customer salesman, what is important is
passion, fearlessness, and perseverance to implement quickly.
Dr Gopichand Katragadda

Founder & CEO

Myelin Foundry

How India can be the innovation hub.

Ideas are not innovation ideas for starting point of innovation. Without process, it will be
lost in the journey and you will end up nowhere. These processes are different for each
organization.

To be effective to make it you need to fail early on, As long there is honest behind it you
can make it a successful idea. It is important to deal with failures in a transparent
important way.

11:00 – 12:00

Plenary Session with Venture Capitalists on “Bangalore as an

Innovation Hub”

Guest Speakers:
 Avinash Sabharwal
Managing Director
(Accenture Ventures & Open Inn)

 Ganapathy Venugopal
Co-Founder & CEO
(Axilor Ventures)

 Ashwin Raguraman
Bharat Innovation Fund

 Naganand Doraswamy
Managing Partner & Founder
(Ideaspring Capital)
  Richa Natarajan
Partner-UC Growth Equity
(Unitus Capital)

 Nigam Lama
Executive
(CII)

The session commenced with each panellist introducing themselves followed by

Mr. Avinash giving a background of Bangalore being an IT capital. He gave a brief
history on how Bangalore transformed into an IT hub one decade at a time.
1990s-2000s with Wipro and Infosys introducing themselves in the city, it came to
be known as the country’s IT capital Mr. Avinash exclaimed. He further continued
saying how giants like ‘Amazon and Microsoft’ have an operational R&D centre in
Bangalore making it an envious hub for flourishing start-ups and employment
opportunities. Lastly, he lauded the city for being ranked 8 th by KPMG, 26th by
Start-up genome and 10th globally as being a potential Innovation Hub of future.
With the remarks like Bangalore is looked upon as the Silicon Valley of India, he
passed on the virtual mike to the panellist to know their views on how Bangalore
has been a pivotal part of their professional journey.

Mr. Ashwin explained strong pillars of innovation: strong academia, industry,

capital availability, govt. policies, entrepreneurs. Bangalore scores good in all
these aspects hence it attracts lot of capitalists. Mr. Naganand who was born in
Bangalore said that it’s the inherently accommodating culture of Bangalore which
makes it the desired city to settle in. Also, it’s ever-growing tech infrastructure
makes it stand out compared to cities like Mumbai and Delhi. Confluence of many
things according to Ms. Richa is what attracts founders here. While Mr.
Ganapathy felt that since many conglomerates choose Bangalore as their go-to
place for setting up R&D centres, it has tremendous potential of becoming the
No.1 innovation hub.

The session progressed with Mr. Avinash taking up questions like will Bangalore
transform into a hub of other verticals like med-tech, biotech apart from just IT to
which the panellist had unanimous opinions that since Infosys and Wipro played a
major role in enhancing the IT infrastructure and laying out opportunities for IT
start-ups and employments, same isn’t true for other verticals since there’s a lot
of catching up to do in the healthcare department. Lack of quality of
Infrastructure also slows down the process.

The latter part of the session saw panellist playing an optimist and a pessimist
regarding the future of Innovation in Bangalore. Mr. Ganapathy and Ms. Richa
presented an optimistic perspective regarding the same. Mr. Ganapathy felt that
since many Mergers & Acquisitions are taking place in Bangalore lately, it is only a
matter of time that the IT capital will be among the top three in the global
innovation index. Ms. Richa added that there is plethora of opportunities for
budding entrepreneurs to exploit spaces in road-tech and pollution control. This
will help increase the candidature of the city being among the top innovators. Mr.
Naganand and Mr. Ashwin presented a pessimistic view. Mr. Naganand explained
how Bangalore will take time in transforming into a manufacturing hub as buying
land in Bangalore is a challenge. He further said, that hiring talents is a headache
which acts as a roadblock. Mr. Ashwin gave a broader picture stating that India
will emerge as an innovation hub not just Bangalore as Bangalore is far from being
an all-round innovation hub but Bangalore with its foothold in IT will provide
gateways to other verticals.
The session was then concluded with a vote of thanks presented by Mr. Avinash
to all the esteemed guest speakers.

12:00 to 13:00

Vishal Salvi (CISO, Infosys Ltd.)

Cyber-security is something everyone is concerned about today, as an organization, a body, or

even as a person that is now an internet persona. Discussion on “Issues we are dealing with in
respect to cyber-security and privacy”. Cyber-security sentinels were acknowledged and
thanked for dealing with the current challenge of pandemic and the sudden pivoting to working
from home. This was not easy, but digital innovations helped in working remotely, and at such a
large scale that huge corporations were functioning at the wok-from-home model. A lot of
times, cyber sentinels are not duly acknowledged for the work they do of maintaining the
integrity of the transactions, and confidentiality of data. data security even on being everything
digital, thank you for keeping everything safe and secure.

There are various facets to cyber-security and it’s a fascinating world.

Three facets of cyber-security discussed are :

1. Cyber-security and what does it means to corporations today

2. Privacy (Privacy and cyber security go hand in hand)

3. Legal aspect of Cyber-security.

Brijesh Dutta (EVP&CISO Reliance Jio)

What are the key imperatives for organizations when it comes to them, looking at cyber
security strategy for the coming 3-4 years.
Whether people sit in an office or at home, we are going to think that we are going to consider
them outside, there is no corporate boundary, there is no one inside office. Beyond the Core
model, Google has proposed 10 years ago has come to life now. The fundamental principle of
everyone being outside the office, and nobody is in the office, is that is going to be a very secure
model to work with. It is called the Zero-trust model.
1. Secure devices
2. All humans need to have strong authentication
3. Privilege in applications (no direct exposure, restrictive exposure)
4. Breaking the session through authenticated reverse-proxy (So your critical and
vulnerable applications don’t get exposed)

Single gateway. Zeeskaler, CloudFront, has this hybrid model and they give access to the virtual
desktop.

Earlier, you could get access through corporate LAN. But when this pandemic situation gets
better a lot of people will still want to work from home and then this LAN system holds no
good. We need authenticated roadway access only.

Prof. Ponnurangam Kumaraguru (IIIT Hyderabad)

Regulations and laws are not standardized all over the world and countries have their own set
of rules to follow. The laws need to be made in a way that they are on the right side of the law
and the corporations have to comply with those.

What are the steps taken by various initiatives in the direction of making one kind of active
framework to make compliance simpler?
● Utility vs Privacy
● Very hard to find a sweet spot in this space. It will be utopian to think of a standardized
law for privacy and cyber-security.
● Industries need to be thinking from the perspective of implementation and technical
aspects.
● We can and figure out the semantic meaning of this and come to an outcome, to bring
technology around it to bring global privacy together.

Abhishek Malhotra (Managing Partner, TMT Law Practice)

How the regulations are evolving, the localization, data sovereignty part with respect to cyber-
security and privacy?

As cyber-security people, if we look at counter-attacks, it gets non-compliant with the law. In

such scenarios, apply the condition to the brick and mortar world and then digital space.

In the cyber-world, there is a greater responsibility on organizations, to have systems in place,

but also bodies are not trained in conditions like these.

Organizations and corporations have to assess whether they were compliant with standards
and have protected their data as they could, and then they can report to law enforcement
bodies. If the perpetrator is within the organization, they can take action resulting in the
termination of the person at fault.

There is an obligation to be compliant with the laws, and hence some actions, even within an
organization are mandatory to report to the law enforcing bodies.

How are the commercial services available to the deep dark web, to understand the strategies
and get their intelligence, seen by the law? The legality of the process is yet to be developed.
The person involved needs to make sure they are protected legally because, in process of
gathering evidence, they can get caught up in some activity that might be on the wrong side of
the law.

Brijesh Dutta (EVP& CISO Reliance Jio)

One product will not solve all cyber-security woes. So focus on what you need rather than going
for any product being pushed across your way.

Earlier Microsoft recommended Anti-virus, Firewall, and getting your system patched, and to
date, they solve the majority of the issue with it, even today.
5:00PM to 6:30PM

Speakers:

1. Dr Gopichand Katragadda; Founder & CEO, Myelin Foundry

2. Poyni Bhat; CEO SINE – IIT Bombay

3. Krishnan Balasubramaniam; Professor, IIT Madras

4.Dr Aloknath De; CTO, Samsung R&D

5. Mili Srivastava; Partner, Procure, Invest in potential start-ups, DIAGEO India Ventures

5:00 – 6:30 P.M.

 Dr Gopichandan Katragadda – opening the session (5:00 P.M., 18th Sept)

Topic - The next stage of innovation

1. Chasing bliss, immortality and divinity

2. The future of media entertainment

3. The future of learning

4. The future of wellness

5. The future of mobility

 Gopichandan calls Krishnan Balasubramaniam at 5:10 to continue on
1. Transforming campuses
2. IIT-M Entrepreneuship ecosystem
 3. Innovation culture basics

 Gopichandan calls Poyni Bhat at 5:25 P.M.

Talks about imprints in India, Talks on battery technology and latest research on it. How
startups struggle in deeptech research. Need investment not only from govt rather the private
players. – Deepscience research. Consortia

Li-ion battery research without dendrites to increase the efficiency

 Gopichandan calls Mili at 5:43 P.M.

How industry can partner with startups?

Partner – Procure – Invest

Talks about the Industry 4.0, Explains the step-by-step process of Procure/open innovation,
organising hackathons for new ideas. Evaluated by business partners

Talks about the past initiatives, Startups – investors, money and industry partnerships

Gopichandan calls Dr Aloknath De at 6:00 P.M

Talks about Samsung research and technologies and current projects going on. Tells about the
manufacturing of the consumer durables and electronic devices by Samsung including biggest
mobile phone manufacturing sector.

Offices of North, south, east, west, make in india, R&D centres in Bangalore, Chennai etc

ER and IOT with big data that he is heading.

Partnering with leading IITs IISC research students on specific topics for Samsung projects.
Talking about R&D, investments, projects etc.

Final Words: Miracle and Romance – Future of R&D in India