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U of T launches India Innovation Institute

October 6, 2011

Dilip Soman, inaugural director, India Innovation Institute

I had the good fortune of attending the launch event today of the University of Toronto’s new India Innovation Institute, a joint initiative of the Rotman School of Management and the Munk School of Global Affairs.  Indian MP and former UN Under-Secretary Shashi Tharoor was the keynote, offering some intriguing – and entertaining remarks – about India’s “frugal innovation” and unique style of “Indovation”.

Here’s some info from the media release:

Today, India is a leading global innovator. And by 2050 it is expected to be the fifth-largest economy in the world, with average household income matching that of the United States and UK. Its projected population of 2 billion will make it the largest country in the world…

In addition to helping U of T researchers engage with colleagues in India and around the world, The India Innovation Institute will foster new, multidisciplinary collaborations. Professor Dilip Soman, Corus Chair in Communications Strategy and a professor of marketing at Rotman, will be the institute’s inaugural director.

I think it’s great that the speakers, including U of T President David Naylor, highlighted the fact that innovation in India is not just about technological innovation, but also social innovation and entrepreneurship – something we’ve written quite a lot about here at SAPP.  I look forward to following the work of the new India Innovation Institute and wish them luck!

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