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From 'wow' innovation to unicorn

India does not offer the ecosystem to take all ideas through the stages that span infancy to maturity

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R Gopalakrishnan
The two ends of the innovation journey are rich with literature: the early stage, associated with start-ups, emphasises creativity and cleverness, and the late stage, associated with large companies, emphasises scaling and discipline. The in-between pathway is scantier in literature-richness. I have contributed in this space through the new book, A biography of Innovations.
 
Consider the late stage first. Professor Ricardo Hausmann, a former Minister in Venezuela and now Director, Center for International Development, Harvard University, argues that large organisations are better at R & D. Fruitful innovations emerge from large-scale R & D, and Hausmann quotes examples from
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