Tata Group chairman Ratan Tata said the greatest asset in the country was the keen minds of the people and those minds need to be challenged by tasks that are impossible and paths that are not traversed before.
Tata hoped that innovation would grow and demonstrate to the world what the country, its youth and our minds were capable of.
S Ramadorai, CEO and MD, TCS, said this was a paradigm shift in thinking at TCS and taking the culture of innovation to the next level so that the company was building a core innovation engine for sustained competitive advantage. Some disruptive innovations could emerge through this kind of collaborative network as it is believed. Innovation of the future is not how much I can do alone but how I connect to the world, he said.
Ramadorai added research-led innovation was the key driver of the TCS growth story over the last 25 years and TRDDC inputs had played a key role in that.
TCS is now creating a network comprising the company, its customers, venture capitalists, start-ups, academic institutions, industry bodies and alliance partners to create an ecosystem to collaborate, add value and go to market, he said.