Want to kickstart the Canadian economy? Try "indovation", says 缅北强奸 prof
University of Toronto president Meric Gertler is visiting India from January 27 to 31, on his first visit to south Asia since becoming president.
While in India, Gertler will co-host a workshop on Universities in Urbanization: Building Healthy, Sustainable & Innovative Cities with the Indian Institute of Technology-Bombay, discuss cities and urbanization with India鈥檚 largest and oldest business organization, and sign a Memorandum of Understanding with Tata Consulting Services, the second largest IT service provider in the world.
缅北强奸 has strong ties with India. More than 600 students from India are studying at 缅北强奸 鈥 the second largest number of international students after China. Hundreds of 缅北强奸 alumni live in India and 缅北强奸 researchers collaborate both formally and informally with Indian colleagues.
As the president gets ready for his trip to India, 缅北强奸 News explores some of the many connections between the University of Toronto and India.
Canada can learn a lot from 鈥渋ndovation鈥, says Dilip Soman, Rotman marketing professor and head of 缅北强奸鈥檚 India Innovation Institute.
The term is a portmanteau of the words 鈥淚ndian鈥 and 鈥渋nnovation鈥 and it means taking existing constraints 鈥 such as a shortage of funds or raw materials 鈥 into account when developing a response to actual problems.
Indians 鈥 and people in other countries of the so-called Global South 鈥 innovate by taking everyday materials and turning them into something new. 鈥淔rugality is at the essence of it,鈥 Soman says. 鈥淚n India, unless you can drive down costs, your idea is a non-starter.
鈥淔or example, mobile banking. That鈥檚 a classic 鈥榠ndovation鈥. It came about as a response to a particular problem, and it was developed in India and adopted in the west,鈥 says Soman.
Soman, who grew up in India, has taught at Rotman since 2003 and headed the institute since its inception in 2011. He鈥檚 eager to point out other ways in which the west can learn from India.
鈥淟ook at health care. There鈥檚 a company in India called mQure 鈥 it鈥檚 basically a service where a doctor in rural India can upload your health records to a server via text message,鈥 he explains. 鈥淭he health-care market there is so fragmented, the chance that you鈥檒l see the same doctor twice are close to zero. Having that medical history makes a massive difference. And the technology is so simple and so frugal.
鈥淎nd Canada 鈥 which has many rural, far-flung areas, could import something like mQure where you don鈥檛 have to rely on high-speed internet but can use simple text messaging instead.鈥
He gives another example: corporate organization. 鈥淟ook at Procter and Gamble. They have a head office in Cincinnati and they have manufacturing plants somewhere else. They make all their shampoo in one place and put it on trucks and send it all across the country. But in the Indian model, you鈥檇 have local businesses all over the country that would manufacture the shampoo to the parent company鈥檚 specifications, so you wouldn鈥檛 have to do any transport and packaging.鈥
The India Innovation Institute was set up by former President David Naylor who was concerned that 缅北强奸鈥檚 many India-related research and teaching was being done in isolation, Soman says. Jointly run by 缅北强奸鈥檚 Rotman School of Management and the Munk School of Global Affairs, it also includes researchers and students from other faculties, such as engineering and medicine. Its four areas of concentration are research, community engagement, curricula and accumulating a database of papers and research on India.
鈥Right now we鈥檙e working on developing a dataset on reverse innovation; the idea that innovations that have developed in the global south can be scaled back to the western world,鈥 Soman says. 鈥淲e have white papers on several topics: crowd-funding, agriculture, and retail and investment opportunities. The goal is to build up a database of information that both researchers as well as practitioners can use.鈥
Outreach is important, Soman says, and the institute has organized several lectures and seminars on topics such as the Indian elections, innovation management and the changing face of India 鈥 the entire spectrum in terms of Indian-related activities. The free talks attract audiences of 150-200 people, Soman says. And the institute also works with outside communities 鈥 it recently helped develop an India-related lecture series in Cobourg.
A behavioural scientist by training, Soman is interested in using insights from consumer psychology to help people help themselves. Here, again, he thinks Canada can learn from India.
鈥淚n the western world we have this very stylized way of thinking about what financial well-being is 鈥 it means you have a bank account, you have a retirement fund, you have financial assets and so forth. But I was in India about eight years back and I was talking to a farmer who had absolutely none of these things and I said, aren鈥檛 you worried about retirement? And he said, 鈥楴o, I have four sons. Why would I worry?鈥 And it forced me to think about what the fundamental model here is. Perhaps we in the West should start thinking about developing models of financial well-being that embed the family in it, that embed social structures.鈥
Terry Lavender writes about global and international issues for 缅北强奸 News.