Creating economic value from scientific research needs an Innovation Ecosystem having three nodes
Inspire/Invest - an entity (company) with a vision and mandate to inspire and invest in individuals and institutions.
Invent/Innovate - an entity (institute) to carry out quality scientific and technological research.
Incubate/Market - an entity (company) to convert research out put to products and services of economic and social value.
The economic gains are fed back into the ecosystem to make it stable, sustainable and growing.
KBCRF has created such an ecosystem in Chennai in the Public-Private-Partnership (PPP) mode