The author has posted comments on this articleTNN | May 1, 2014, 07.04AM IST KOLKATA: Tata Group is toying with the idea of introducing a central eco-system for incubating new ideas. It is yet to decide on the structure through which the incubation would be done. This could be through floating a new company or a new division or it could be done through Tata Industries as well. Tata Sons had set up Tata Industries in 1945. <\/p>\n
Tata Industries' mandate was recast, in the early 1980s, to promote Tatas' entry into new and high-tech businesses. Sunil Sinha, the CEO of Tata Quality Management Services, a division of Tata Sons, said creating an infrastructure for incubation is in the back of the mind of the group. <\/p>\n
Tata Group has an innovation forum called Tata Group Innovation Forum (TGIF) for fostering a culture of innovation in Tata companies. TGIF has been conducting a programme to encourage innovation in the group since 2006. \"Innovation agenda will remain and be more focused now. Incubating innovative ideas is in our agenda. But in what form, we have not yet decided,\" he said. Sinha was in Kolkata on Tuesday to disclose the name of the winners in Tata Innovista 2014. <\/p>\n
Commenting on Tata Innovista 2014, Mukund Govind Rajan, brand custodian and member of group executive council of Tata Sons, said 43 innovations were shortlisted in the 'promising' category, which recognizes innovations that have been successfully implemented during the year and have accrued benefit. \"The combined economic benefit assessed from these innovations was $1 billion.\" <\/p>\n
<\/p>\n
See original here:<\/p>\n
Tatas plan ecosystem to incubate new ideas<\/a><\/p>\n","protected":false},"excerpt":{"rendered":" The author has posted comments on this articleTNN | May 1, 2014, 07.04AM IST KOLKATA: Tata Group is toying with the idea of introducing a central eco-system for incubating new ideas. It is yet to decide on the structure through which the incubation would be done. This could be through floating a new company or a new division or it could be done through Tata Industries as well. Continue reading