MSME Innovation Summit 2019 – Celebrating a fresh outlook to innovation

  • 11 November, 2019
  • Aurangabad, Maharashtra
“What is now proved was once only imagined.” - William Blake

Boosting the transformation of ideas into innovations, the Programme for Modernisation and Innovation in Micro, Small and Medium-Sized Enterprises in India (MSME INNO) is a great example of the power of collaboration and its benefits for the MSME ecosystem in India.The bilateral project was commissioned by the German Federal Ministry for Economic Cooperation and Development (BMZ), and is implemented by the Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH, and the Indian Ministry of MSME (M/o MSME).The programme aims to create a sustainable ecosystem for cooperation and partnership between MSME units, the government, and the academic and research communities in order to strengthen the innovation capacity of the MSME sector through new technologies, products, processes and business models.

To celebrate the success stories that emerged from industry-academia collaboration, the Marathwada Association of Small-Scale Industries and Agriculture (MASSIA), supported by GIZ, organised the MSME Innovation Summit 2019 in Aurangabad on September 30.

Ajit Habbu, Head, Tata Technology Corporate Social Responsibility (CSR) Department           AR Gokhe, Director, MSME DI

How to create a win-win situation for all stakeholders

Based on the theme Innovate to Lead, the event was a testimony to the industry-academia collaboration initiative that was started in 2016 on a small scale and that has since grown to become a huge success. Addressing representatives from MSMEs and industry bodies from across Maharashtra, including corporates, academic institutes, and students, Chaman Lal Dhanda, Director, MSME INNO, stressed on the need for a fresh perspective on challenges. “In order to act together to find a solution for problems anywhere in the world we need the youthful energy present in this room. We need to transfer our knowledge and experience to young minds to develop a world which will be at par with the aspirations of the new youth.”

Similarly, AR Gokhe, Director, MSME DI, showcased how the Ministry of MSME takes measures to encourage growth and development in the MSME sector. Praising MSME INNO’s success, he underlined, “The MSME INNO programme is assisting the MSME sector to get better solutions to their problems. On the other hand, students are getting benefits, because they have an opportunity to commercialise their ideas and become entrepreneurs.”

Harnessing youthful energy more productively

MASSIA President Dnyandeo Rajale highlighted how the industry-academia collaboration has increased in scope and size since its inception. Since then, the projects have not only helped to solve MSME problems, but also increased students’ employability and entrepreneurship. Prasad Kokil, Director, Marathwada Accelerator for Growth and Incubation (MAGIC) is equally passionate about fuelling the entrepreneurial spirit in students: “During college, students have a lot of energy, but also face a number of temptations. MAGIC’s motive is to develop an ecosystem where these temptations can be redirected and regenerated to create wealth for them and create wealth for society.”  Read more 

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