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Thursday, May 26, 2011

Ramakrishna Karuturi, world's largest producer of rose buds

WEF Entrepreneurship report 2011 includes some non-IT firms, Kuruturi Global is one of the them. 
Karuturi, a mechanical engineer with MBA from the US, founded the company in 1995 as a 100% export-oriented unit in Bangalore.In 1999, he set up an internet auction portal by the name Rose to derive benefits of weeding out intermediaries through the use of the Internet. The same year, he set up a second production facility for roses near Bangalore taking the total size of his rose farms to 10 hectares. Roses for Valentines Day in 1998 earned him his first million. There was an order to supply 22 tons of roses to Europe, and the Air France flight that was to ship it, got cancelled. There was no flight to the destination after that. he bought up the entire stock that was lying there on the tarmac at a a throwaway price as the sellers were desperate to get rid of it,  drove a truck all the way to Chennai, and finally after some haggling, got all the stuff in a Lufthansa flight. That consignment netted him his first 2003, he took a call. In 2003, he decided to kickstart the next acres of farms in Ethiopia, later acquired Dutch firm Sher Agencies for $69 million. 

As per WEF report, Kuruturi's revenues from Indian operation expanded from $7 million in 2006 to $11 million by 2010, where as revenues from international operation rose from $3 billion to $110 billion for the corresponding period.

This is success with smell of roses.

Projects supported under NAIP

Several interesting projects are supported under NAIP ( National Agricultural Innovation Project) funded by World Bank and Government of India. See the list under components 2 & 4  

Economic Impacts of Human genome project

The $3.8 billion the U.S. government invested in the Human Genome Project (HGP) from 1988 to 2003 helped drive $796 billion in economic impact and the generation of $244 billion in total personal income, according to a study released today by Battelle. In 2010 alone, the human genome sequencing projects and associated genomics research and industry activity directly and indirectly generated $67 billion in U.S. economic output and supported 310,000 jobs that produced $20 billion in personal income. The genomics-enabled industry also provided $3.7 billion in federal taxes during 2010.
Down load report:  

India had not participated in Human Genome Project. Did we miss the bus? or in the absence of Industry linkages, would a participation brought in similar results?

Monday, May 23, 2011

India Social Entrepreneur of the Year Award 2011

After successful 2010 Awards, The Jubilant Bhartia Foundation and Schwab Foundation for Social Entrepreneurship are inviting applications for the India Social Entrepreneur of the Year Award 2011. Three to four leading social entrepreneurs will be selected as finalists for the India Social Entrepreneur of the Year Award. The winner(s) will be announced in a ceremony coinciding with the India Economic Summit in November 2011 in New Delhi.The Award benefits for the winner(s) include eligibility to participate in the Annual Meeting of the World Economic Forum in Davos.
The deadline for receiving applications is May 30, 2011

Monday, May 16, 2011

Discussion paper on Utility Patents

DIPP released discussion paper on `Utility Patents'. 

The low cost, low threshold, and quick grant framework encourages domestic innovators  specially  the SMEs sector as well as individual innovators.   

Pl download , read and send views to DIPP before 30th June 2011.
Download URL:

Wednesday, May 11, 2011

BS 8538:2011 Specification for the provision of services relating to the commercialization of intellectual property rights

BS 8538 is the British Standard that sets out for the first time good practice and principals of ethical behaviour for organizations providing services to inventors.BS 8538 specifies the requirements for the provision of services to the originators of intellectual property with a view to their commercialization. It specifies principles for the ethical behaviour of the service provider relating to:
  • Integrity and competence, Transparency regarding fees, costs and finances, Confidentiality and the disclosure of information, The declaration of interests and conflicts, Complaints handling.
It also specifies a process for service provision, covering:
  • Initial engagement with the originator, Non-Disclosure Agreements (NDAs), Evaluation of the originator’s idea, Commercial agreements for the provision of advice and/or services.

Tuesday, May 10, 2011

Tony Buzan in India

Tony Buzan, the inventor of Mind Maps will be in India to present his ideas in a workshop on CreativityInnovation and Thinking, using Mind Mapping as a powerful tool to increase your creativity and problem solving skills. 

Program Schedule:  
26th May, Thursday - Bangalore @ Royal Orchid, 
30th May, Monday - Mumbai @ JW Marriot, Juhu, 
Contact person: 
Nikita D'mello, +919892838970

Vigyan ashram announce opening of admission for “Diploma in Basic Rural Technology” (Batch 2011-12)

Vigyan ashram announced opening of admission for “Diploma in Basic Rural Technology” (Batch 2011-12). This course is recognized by National Institute of Open Schooling and useful for school dropouts. This is a multiskill program in which training is given in the area of :
Engineering (Fabrication & construction), Energy & Environment (Electrical, Motor rewinding, survey techniques, solar / biogas etc.), Agriculture and Animal Husbandry (polyhouse, pultry, goat farming, dairy nursery techniques etc.), Home and Health (Sewing, food processing and rural lab).
DBRT 2011-12

1. Admission for DBRT will start from 15th April 2011
2. Min qualification : 8th std pass, willing to work by hand, preferably from rural area’s.
3. Fees : Rs.6000/-
4. Hostel facility available.

Contact person -- Anand Gosavi : 0 9960865463,9579734720
e-mail :

Monday, May 09, 2011

Nikola Tesla- great inventor

Niagara Falls is one of the most popular tourist spots and there is only one statue in the park- not any politician but an inventor, Nikola Tesla. Generating  electric power at the fall was not commercially attractive for a century as there was no technology to transmit power over long distance. The Niagara Falls Power company offered as much as $100,000/- as prize (Open Innovation challenge?) in 1900 for anyone who could develop a method to evacuate power. This became a reality few decades later by adopting Alternating Current technology contributed significantly by Serbian inventor Nikola Tesla


Indian Innovators are invited to participate in the `Inventions for the Future' , scheduled from October 4th to 7th at Stockholm. Three members of the Indian Innovation Association get space free of charge in the IFIA pavilion. Send expression of interest by  -15th May 2011.  

Thursday, May 05, 2011

Creative Problem solving and decision making workshop

Workshop (11th & 12th May, Bangalore) topics include ways to: 
  • Increase awareness of problem solving steps and problem solving tools.
  • Distinguish root causes from symptoms to identify the right solution for the right problem.
  • Improve problem solving and decision making skills by identifying individual problem solving styles.
  • Think creatively and work towards creative solutions.Recognize the top ten rules of good decision-making. 
Contact: Ninedots, Jyothi Complex, C3, 2nd floor, #134/1, Infantry Road,Bangalore: 560001 , Phone: 91-80-42059999, 22860346, Swapna Prabhu(