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	<title>Zaak Concepts &#187; auto</title>
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		<title>Where is India on the World Innovation map?</title>
		<link>http://zaakco.com/blog/2009/07/where-is-india-on-the-world-innovation-map/</link>
		<comments>http://zaakco.com/blog/2009/07/where-is-india-on-the-world-innovation-map/#comments</comments>
		<pubDate>Tue, 21 Jul 2009 12:20:08 +0000</pubDate>
		<dc:creator>Upasana</dc:creator>
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		<description><![CDATA[As per the International Innovation Index - India ranks 15th while US ranks 2nd behind South Korea which leads the world. Read the full Innovation report (the rankings are on page 10 of the pdf document).

Subhash Menon, the MD and CEO of Subex, and Chairman of the Nasscom Product Forum in his article on the status quo of the Indian tech sector hit the nail on its head -  “It has been established that overseas venture capitalists are increasingly demanding that product firms in the West should locate as many functions as possible in India to save costs. A recent example is that of a Silicon Valley firm that managed to get through two years of operations with only about $5 million (by depending on India) instead of about $15-20 million that they would have otherwise invested. When overseas start-ups have woken up to this advantage, Indian companies should not be left behind. India is today at an inflection point with advantages eclipsing problems for setting up a software product company here.”

So are Indians rising to the innovation challenge?

Enterprising Indians have always been at it albeit at a smaller scale. A couple examples of Indian innovations with global impact show signs of things to come.......]]></description>
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