Indovation - AbsoluteAstronomy.com

Indovation designates the unique process by which innovations are developed in India

India

India , officially the Republic of India , is a country in South Asia. It is the seventh-largest country by geographical area, the second-most populous country with over 1.2 billion people, and the most populous democracy in the world...

to serve a large number of people affordably and sustainably in response to conditions of scarcity and diversity. The individual solutions generated by this process are called indovations. Examples of indovations include the Tata Nano

Tata Nano

The Tata Nano is an inexpensive, rear-engined, four-passenger city car built by the Indian company Tata Motors and is aimed primarily at the Indian domestic market....

, the Tata swach

Tata swach

The Tata Swach water purifier is developed by Tata Chemicals, a part of the Tata group in India. The Swach was designed as a low cost purifier for Indian low-income groups, who lack access to safe drinking water...

water filter, Devi Prasad Shetty

Devi Prasad Shetty

Dr Devi Prasad Shetty is an Indian philanthropist and a cardiac surgeon. He also served as a member of the Board of Governors of Medical Council of India for 1 year between May 2010 and May 2011, after the MCI was reconstituted.-Life and career:...

's affordable cardiac care hospital, and SELCO's solar lighting solutions for consumers off the electricity grid.

The term indovation (an abbreviation of ‘Indian innovation’) was conceptualized in February 2009 by Navi Radjou

Navi Radjou

Navi Radjou is presently the Executive Director of the Centre for India & Global Business at Judge Business School at the University of Cambridge, where Jaideep Prabhu is the Director...

, the Executive Director of the http://www.india.jbs.cam.ac.uk/index.html Centre for India & Global Business

Centre for India & Global Business

The Centre for India & Global Business was launched in March 2009 as part of the Judge Business School at the University of Cambridge, England, to support the university’s growing engagement with India...

(CIGB) at the Judge Business School

Judge Business School

Cambridge Judge Business School, formerly known as the Judge Institute of Management Studies, is the business school of the University of Cambridge. Established in 1990, the School is a provider of management education and is consistently ranked as one of the world's leading business schools. It is...

, University of Cambridge

University of Cambridge

The University of Cambridge is a public research university located in Cambridge, United Kingdom. It is the second-oldest university in both the United Kingdom and the English-speaking world , and the seventh-oldest globally...

. After several months of field research, CIGB set up a dedicated educational web site called Indovations.net to showcase the affordable and sustainable innovations emanating from India and network Indian entrepreneurs with the rest of the world. On November 10, 2009 Navi Radjou unveiled Indovations.net at the World Economic Forum

World Economic Forum

The World Economic Forum is a Swiss non-profit foundation, based in Cologny, Geneva, best known for its annual meeting in Davos, a mountain resort in Graubünden, in the eastern Alps region of Switzerland....

’s India Economic Summit during a panel discussion entitled ‘Creating the Next Indovations’.

Financial Times
Financial Times
The Financial Times is an international business newspaper. It is a morning daily newspaper published in London and printed in 24 cities around the world. Its primary rival is the Wall Street Journal, published in New York City....

has published two articles describing the impact of indovation on the rest of the world. Similarly, Asia Society

Asia Society

The Asia Society is a non-profit organization that focuses on educating the world about Asia. It has several centers in the United States and around the world Hong Kong, Manila, Mumbai, Seoul, Shanghai, and Melbourne...

has organized a series of panel discussions throughout 2010 in San Francisco, New York

New York

New York is a state in the Northeastern region of the United States. It is the nation's third most populous state. New York is bordered by New Jersey and Pennsylvania to the south, and by Connecticut, Massachusetts and Vermont to the east...

, Hong Kong

Hong Kong

Hong Kong is one of two Special Administrative Regions of the People's Republic of China , the other being Macau. A city-state situated on China's south coast and enclosed by the Pearl River Delta and South China Sea, it is renowned for its expansive skyline and deep natural harbour...

, Mumbai

Mumbai

Mumbai , formerly known as Bombay in English, is the capital of the Indian state of Maharashtra. It is the most populous city in India, and the fourth most populous city in the world, with a total metropolitan area population of approximately 20.5 million...

, and Delhi

Delhi

Delhi , officially National Capital Territory of Delhi , is the largest metropolis by area and the second-largest by population in India, next to Mumbai. It is the eighth largest metropolis in the world by population with 16,753,265 inhabitants in the Territory at the 2011 Census...

, entitled ‘INDOvations: Driving Global Innovations from Emerging Markets’ to explore how India provides a great source of inspiration for both the developed and the developing nations seeking to drive affordable and sustainable business as well as social and cultural innovation.

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