NIC to present its second report to Prez

The National Innovation Council (NIC), which has been set up to promote new ideas for inclusive development, will present its second annual report to President Pranab Mukherjee tomorrow.

The National Innovation Council (NIC), which has been set up to promote new ideas for inclusive development, will present its second annual report to President Pranab Mukherjee tomorrow.

HT Image

The 'Report to the People' will be presented to the President by NIC chairman Sam Pitroda, a statement from Rashtrapati Bhavan said.

The NIC was set up by Prime Minister Manmohan Singh in 2010 to spur innovation in key economic sectors with a focus on inclusive growth in keeping with the government's commitment of turning 2010-2020 into a 'Decade of Innovation'.

The Council is focused on encouraging and facilitating the creation of an Indian model of innovation by looking at five key parameters: platform, inclusion, eco-system, drivers and discourse.

The core idea is to innovate to produce affordable and qualitative solutions that address the needs of people at the bottom of the pyramid, eliminate disparity and focus on an inclusive growth model, the statement said.

National Innovation Council's initiatives are also aimed at fostering an innovation ecosystem across domains and sectors to strengthen entrepreneurship and growth, to facilitate the birth of new ideas and enhance collaboration.