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Home > Press > 5th Bangalore Nano, session of Dr. T. Ramasami, Secretary, Department of Science & Technology, Government of India: Investing into research and innovation will play a crucial role in building our nation

Abstract:
The 5th Bangalore Nano, India's flagship event in Nanotechnology, organised by The Department of Information Technology, Biotechnology and Science & Technology, Government of Karnataka and the Vision Group on Nanotechnology featured a "Distinguished Lecture" Chaired by Prof. Ajay K. Sood, Department of Physics, Indian Institute of Science, Bangalore and the keynote speaker was Dr. T. Ramasami, Secretary, Department of Science & Technology, Government of India.

5th Bangalore Nano, session of Dr. T. Ramasami, Secretary, Department of Science & Technology, Government of India: Investing into research and innovation will play a crucial role in building our nation

Bangalore, India | Posted on December 8th, 2012

Prof. Ajay. K. Sood, said, "It's my personal delight to introduce Dr. T. Ramasami. He is the most appropriate person to deliver this distinguished lecture. He has done remarkable contributions to the field of science, leather industry and as an organic chemist. He is also an extremely proud architect of DST programs, his ability to connect large young minds is second to none."

Dr. T. Ramasami, Secretary, Department of Science & Technology, Government of India, started his address on a humorous note, he said, "I'm an "Extinguished lecturer" rather than a "distinguished lecturer".

His topic was "Leveraging knowledge enterprise - A reflection". He said, "For knowledge seekers, Innovation is like the ATM, which is competition driven, science is a promissory note, which is advanced knowledge, technology is an open cheque which is gainful useful knowledge. Innovation to science is creation of knowledge, science to technology is creation of value and technology to innovation is creation of jobs. Knowledge in its various dimensions are useful, usable and gainful."

"The flow of money to knowledge is "Science enterprise"and the flow of knowledge to money is "innovation". In the knowledge economy paradigm, Science, knowledge and research are processes and technology is a product in balancing manifestations of science in social contexts. In world economics, invest into research and innovation is a tool in nation building. Looking at the anatomy of Indian knowledge enterprise; one can say that it has the required entities but are scattered.

Speaking about the relationship between knowledge and finances, he said, "the Indian scenario we negotiate for knowledge and compromise on quality, thus creating an imbalance between knowledge and finances. Thus requiring a symbiotic association between knowledge and finance. Knowledge and Innovation has to be provided with necessary financial support for that innovation to blossom. As an initiative from the Govt. of India a programme "the power of ideas" has been started to call-in innovative ideas and grants are provided.

Investing in innovation is India's lesson. This has four entities - passion driven pursuit, purpose driven pursuit, people centric pursuit and competitive driven pursuit. The current knowledge economy is due to weakly coupled knowledge enterprise in terms of academics, research, and industry which can be improved by investment in coupling.

The current scenario is 0.7% from government and 0.3% from private sector in terms of investment in coupling for knowledge enterprise. The policy guidelines by government of India which will be published in January 2013, which will enable the public sector and the private sector to work together in enabling a successful knowledge enterprise.

"Trust, Risk, Application, Venture, Enterprise and leadership are key to (PIE)2 in innovation Ecosystem. "A reflection" is the leveraging knowledge enterprise for Indian prosperity. India is more a civilization, rather than a Nation or a country. We cannot afford to look at our civilization stunted in the global market for Knowledge enterprise." he concluded.

For more information on Bangalore Nano 2012, visit: www.bangalorenano.in

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