About Innovation Summit

NASSCOM Tamil Nadu Regional Council is pleased to conduct TechSHack Innovation Summit. The Summit will highlight the importance of Innovation, more so under the current global circumstances. Competing has become easy and hence the market has become highly competitive. Unless a consistent & structured approach is taken towards Innovation, one will be left behind the competition.

The Summit will discuss & deliberate Innovation in the current business context. It will bring in leading thought leaders who will ‘walk the talk’ during the Summit. The Summit will include a Keynote, multiple speakers and panel discussions. This will be a half a day event will benefit key people which will include CXO, Technology Leads, Business Leaders, Product Managers, Delivery Managers, Academia and Students from Institutions. The Summit is open to all for participation.

Innovation is the ability to see change as an opportunity - not a threat
- Steve Jobs

Today, one cannot agree more on the above quote from Steve Jobs. Since 2020, there are companies whose shares have gone up several times, several companies have shut down, new companies have emerged, several people have scaled up in their career & many lost jobs. What differentiates these two categories of companies & people? Yes, the ability of finding the opportunity in the change.

If we look at the recent BCG most Innovative Companies result, the following are glaring things to note:

  • Companies like Proctor & Gamble and Nokia who were top 10 most innovative companies in 2005 list could not get their name in top 10        either in 2013 or 2021 list!
  • GE which was top 3 in 2005 became the bottom 10 in 2013 and not in the 2021 list!
  • Microsoft retained 4th position in 2005, 2013, and 2021.
  • Apple topped the list – 2005, 2013 and 2021
  • Pfizer appeared in top 10 list in 2021, never in the list before, perhaps taking pandemic advantage
  • Google was 8th in 2005 list, 3rd in 2013 and 2nd in 2021!

So clearly as we could see Innovation is a continuous process. Apple and Google/Alphabet stood out due to their continuous innovation. External disruptions affect them positively.

The Regional Council of NASSCOM Tamil Nadu, identified Innovation as one of the key drivers in the current economy. Hence TechSHack, a Techno-Social Hackathon was conducted involving MSME companies and educational institutions.  Top 3 ideas were selected by imminent panel of Judges which carried cash reward,  access to platform for nurturing the idea further, among others.  Having said the above, “Ingenuity 2021”,  is  going  to  deliberate how to stay competitive in the ever disruptive world. The Summit will discuss and deliberate various aspects of  Innovation. It will suggest  key aspects that can be considered to nurture and breed Innovation.