· Bengal accounts for 16% of the academic papers on research published internationally from India, but when it comes to patenting and commercialization, the record is poor. The president and rector of Imperial College London, Keith O'Nions, has a solution to this. He feels the centres for excellence in education in the state should have their own funding options for commercializing and encouraging innovations.
· Imperial College is one of the leading centres of excellence in innovation globally. It has set up a company called Imperial Innovations to encourage converting ideas into reality. The college now has a turnover of Rs. 8,250 crore.
· O'Nions pointed out that most innovations and researches fall in the "valley of death" because of funds, "You need money to bridge the valley of death and if you depend entirely on government grant, that won't solve the problem," he said.
· O'Nions was in Kolkata to attend 'Innovation 2014: Enabling Ecosystem through Industry-Institute Linkage' organised by the Conferderation of Indian Industry (CII) Eastern Region. Malabika Sarkar, the VC of Presidency College and Ajoy K Roy VC of Besu were also present at the seminar.
· Sarkar said Presidency is planning to set up an Innovation Tower on its new Rajarhat campus. "We shall have an intellectual patent rights cell along with an attorny for advising the researchers," she added. Roy, too, said that an IPR cell was on Besu radar.
· Earlier, O'Nions pointed out that the Imperial Innovations kind of model could be adopted by the Indian centres of excelence in education to meet funds crunch. Imperial Innovation is now listed in the alternative investment markets (AIMS) of London Stock Exchange and raised £200 million. "As of now, 140 companies have been spun off Imperial Innovations with seed capital," he added.
You will get access to following Knowledge Resources by subscribing to the Digital
Library of this event.