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Showing posts from March 29, 2016

EdisonChallenge by GE Tech India- A Great experience

You may have come across sayings such as, ā€œNothing is permanent but Change.ā€ Also a few others would say, ā€œIf Change was permanent, it would have stayedā€. We evolve and so does our needs and priorities and in the Indian market it makes so much more sense because as a nation we yearn for access, empowerment and rights. Recently, growing attention has been devoted to the concept of ā€œOpen Innovationā€, both in academia as well as in practice. Open innovation is ā€œthe use of purposive inflows and outflows of knowledge to accelerate internal innovation, and expand the markets for external use of innovation, respectively.ā€ The concept has emerged from the belief that growth just like innovation has to be inclusive. Recently, I was at the GE Edison Challenge venue in Bangalore, India where GE invited college/university students to showcase promising innovations that can aid in achieving these goals by a digital-physical solution across industries. The audience and mentor group came fr...