I have to agree with some of the comments above, this article lacks facts!
I have to disagree with the statement "real potential for innovation lies in co-creation between multi-national firms and Indian startups..."; this is offensive to many indigenous entities that do world class innovations in many areas of science & technology.
Multinationals tend to have upfront agreements about IP rights that favors them and much of what they output is NOT considered Indian by legal definitions.
It is better if author enumerates innivations of significance. Also, it is interesting to know how mush time, money and other hidden cost were involved? How do they compare with other developed countries and will this be self sustaining?
In this article the number of multi-national R&D centers is mentioned about roughly 850! How many of them are true "Research Centers"? Are the "design service" centers included in this list of 850 R&D centers? Does the Zinnov Management report about this subject provides a data of numbers of patents filed by these start-ups & multinational R&D centers in India?
Another Indian cheerleader with no basis of fact, not even one example of innovation, other than a paid off Russian report, and even there, the best you can do for a quote is: "India is still to make any significant contribution on the product front".
You clearly have 195,000 "researchers" sitting on their hands, who come to the USA and drive cabs with their qualifications and impressive innovation portfolio.
Corruption and lying works in India, but not in the rest of the world's eyes. Nice try EET. Report the facts, not the hype and wishful thinking.
I was interested at the start of the article, and disappointed by the end. At the end this felt more like an advertorial for Zinnov. For a properly researched article, how about some numbers, pie charts and analysis on the innovation produced (e.g. patents, IEEE papers and the like) by segment (private, public, startup, established Indian company, MNC). Now that would be an informative read. This is fluff guys - and engineers need data, facts and analysis. Please do more next time!
Will all the multi national R&D centers in India release their researched output from India? Mostly they will accuire the output from their Indian investments and manufacture them in China and market it world wide.
Recent news have indicated that there are more innovation happening outside US than within US. Will India get ahead of US in terms of innovation and entrepreneurship in the next 10 years? Will China join the race soon? What's the future of Silicon Valley?