Microsoft launches 'Innovation Triangle Park'

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Bangalore, Oct 8: Microsoft Corporation today announced the launch of its Innovation framework at the 'India is Innovation' summit, that began here today, involving a number of investments and endeavour designed to increase innovation process in the IT space in India.

Elaborating on the critical need for innovation by a much larger section of the industry, Ravi Venkatesan, Chairman of Microsoft India said innovation was central to India's progress and Microsoft would like to extend a helping hand in putting together the building blocks for making innovation pervasive and scalable.

"A major component of this framework is the shared vision of Microsoft and its partners to create the world's first 'Innovation Triangle Park' (ITP) at Pune, which will start functioning from first quarter of 2008. As a long term effort involving multiple private and public sector partnerships, Microsoft will contribute its expertise from over 100 Microsoft innovation centers, 15 Technology Centres and five Microsoft Research Centres that it currently runs globally," he said.

The innovation agenda included investment and intellectual property protection and India had to do better in both fronts. There was a need to better the teledensity in ushering in communication revolution in urban and rural areas alike," he said in a media briefing to explain the details of the new programme for stimulating innovations from India.

The innovation framework would involve various stakeholders like the government, trade bodies, academia and end customers. ITP would consist of one or more MIcrosoft Innovation Centres focussed on three areas that were integral to the growth of software economies like skills, intellectual capital, industry partnerships and funding for software companies looking to create intellectual capital, he said.

Mr Venkatesan said Microsoft, which had the largest presence in India outside the US, was driving its innovation activities from India to the rest of the World. "We believe in developing end-to-end innovative products through our facilities in India," he said.

Microsoft India GM for Developer and Platform evangelism, Tarun Gulati, said the innovation process in India was rather fragmented as stakeholders were fragmented. ITP would be focussed to drive the innovation process for the IT industry.

UNI

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