LION-TUSKER911
- 1. BRAIN GAIN PROMOTING RESEARCH AND INOVATION BY SHUBHAM RAGHAV, SAURABH CHAUHAN,
- 2. WHAT IS RESEARCH AND INNOVATION ???... Innovation is defined as a process through which economic value is extracted from knowledge through the generation, development and implementation of ideas to produce new or improved products, processes and services.
- 3. Innovation is commonly linked to research and development activity.The survey also shows that university research plays a key role in the innovation process as firms in industries supported by science-based university research are significantly more likely to be innovative.
- 5. STRATEGIES TO PROMOTE RESEARCH AND INNOVATION: The rate of innovation within a region is a function of six major factors including the R&D infrastructure, access to capital, access to skilled workers, the characteristics of the supply chain, the competitive environment, and the macroeconomic environment & supporting infrastructure. Over the past 10 to 15 years, most national, provincial and state governments developed research and innovation strategies. Some of the common themes and key objectives in these strategies include:
- 6. • Increasing public investment in primary R&D. The Government of Canada, for example, has committed to increasing their funding for big science R&D through programs such as the Canadian Foundation for Innovation (CFI), the National Science and Engineering Research Council (NSERC) and the Canadian Institutes of Health Research (CIHR) etc. • Expanding the number of graduate students. Graduate students serve as researchers, educators, and disseminators of research results.
- 7. • Increasing funding for applied research and development. • Establishing investment promotion agencies to attract investment and leading technology Companies. • Establishing technology demonstration programs. Demonstration projects are a key component of the commercialization process. Demonstrations enable companies to prove- out and refine their technologies.
- 8. WHY IS RESEARCH AND INNOVATION IMPORTANT ???.... Research and innovation generates benefits for a society in the short-term, medium-term and longer-term. As indicated in chart below, in the short- term, research activity generates direct economic activities , attracts and supports world-class researchers, contributes to a more highly educated and skilled population, foster linkages between key stakeholders and develops the knowledge base.
- 10. THANK YOU