The GDP of India is among the fastest growing in the world and the growth rate is predicted to be about 7%. India stands tall as the 5th largest economy in the world at 3.75 trillion USD. Further, India is striving to become the 3rd largest economy in the next five years to cross 5 trillion USD. To reach 5 trillion USD and to move up to the 3rd spot, several drivers are identified such as semiconductor manufacturing in India, digitalization, digital payments, building a strong and vibrant start-up ecosystem, increasing the agriculture production, increasing the export volume, increasing the FDI etc. ​

Some factors that are necessary to make India as one of the top three largest economies are to build a strong ecosystem of innovation, protection of Innovations using Intellectual property rights (IPRs), building and implementing models to commercialize IP, developing technology transfer processes and offices, building robust product insurance regimes, effectively contribute to international standards and adjudicate the conflicts. ​ It is necessary that a deep and engaging discussion is held around each of the topics to put forward a holistic solution in the form of a policy paper and / or research paper(s) to enable the government, judiciary, industry, researchers, policymakers, subject matter experts (SMEs), academia, startups, MSMEs, and professionals (hereinafter “ecosystem partners”) to have a common understanding of these complex topics. ​

This Industry-Institute Conclave titled ‘Know-How to Show-How’ will bring together some of the ecosystem partners to foster collaboration and knowledge exchange between industry and academia towards developing robust innovation ecosystem and technology transfer processes.