2. 
Innovation generally refers to renewing,
changing or creating more effective processes,
products or ways of doing things

Innovation in business application of new ideas
to solve the problem

Being innovative does not mean inventing; it can
mean changing your business model and
adapting to changes in your environment to
deliver better products or services

3. 
To meet the needs of the
present
without
the
compromising the ability to
meet the need of the future

Sustainability in Business is
defined as managing the triple
bottom line-a process by
which companies manage
theirfinancial,social,environm
entalrisks,obligations&opport
unities. (referred to as PPP)

4. 
Business and Sustainability is a concept that says
businesses can function and earn a profit while at the
same time minimizing or eliminating any negative impact
on the environment from its operations

The need for adopting best practices led to innovation

So, for industrial development to be sustainable, it must
address important issues at the macro level, such as
economic
efficiency
(innovation,
prosperity,
productivity), social equity (poverty, community,
health and wellness, human rights) and environmental
accountability (climate change, land use, biodiversity)

5. 
Think frugal, be flexible and
breakthrough growth
generate

A creative or innovative idea providing a
quick, alternative way of solving or fixing a
problem

Innovation is the mother of sustainability,
innovation leads to sustainability and need of
sustainable development leads to innovation, they
are inter-dependant on each other

6. 
Vortex Engineering's Gramateller ATM/
Green ATM for rural India
Low carbon rice, A new technique for
growing rice pioneered by two PepsiCo
employees in Punjab
-reduces carbon emissions by 70%
-cuts labor costs
-saves 30% water requirements per acre


7. 
In rural Karnataka, Harish Hande has brought
solar power to over 150,000 poor households
by devising a viable pay-as-you-go model
-Customers either buy or rent solar lights with the
help of a loan
-It is providing clean, bright electric light well
below the cost of kerosene (the normal lighting
fuel for millions of Indians) to people earning
barely $50-100 a month

8. 

The Tata Swach water filter is 50 per cent
cheaper than its nearest competitor, and can
clean 3,000 liters without electricity or
running water.
Recently
India
Successfully
launched
Spacecraft to Mars “Mangalayan”.
-It the cheapest mission of $72 million project,
which was accomplished in record time

9. In the high valleys of Ladakh, farmers can
grow fresh vegetables through the freezing
winters by an innovative Green house
-Carbon emissions cut by around 460 tonnes a
year
-leading to better nutrition and health benefits
for over 50,000 people
-Increase in employment opportunities and their
incomes have increased by around 30%


10. 
Mansukhbhai from Gujarat and his concept of the
Mitticool clay refrigerator
Some of his other products that he came up after
years of experimentation are, a 0.9-micron water
filter, a pressure cooker, non stick pans that can
be used over an LPG gas stove and many more.
Now his dream is to design a ‘Mitticool House’
that would stay naturally cool all by itself, there
would be no need for Air Conditioners anymore

11. 


Devi Shetty's Narayana Hrudayalaya to
conduct heart surgeries at world's cheapest
rates
Aravind Eye hospital, while richer clients
pay for the privilege of private rooms, the
same quality healthcare is provided to poorer
clients on a ‘no frills’ basis
Jaipur Foot low-cost foot prosthesis, that
costs 200times less than the latest prosthetic
options available

12. 
The Tata Nano, the world's cheapest family
car is the best known frugal innovation
The design met international standards in
safety& emissions, while taking a radical
approach to cutting costs

Bharti Airtel’s approach to cutting the cost
of mobile phone calls

13. 




Cloud computing
Kenya’s M–PESA mobile phone payment
and money transfer system
An app is the western equivalent of Jugaad
Grameen Bank, where Muhammad Yunus got
the idea of giving small loans to the poor
without collateral
Over 4 million cars in Brazil are now running
on gasohol instead of petrol. Gasohol is a fuel
made from sugar cane

14. 
"It is fundamentally about doing more with
less, for more and more people” and thinking
about future generations, is clearly core to
Sustainable innovation.

Usage of limited resources and with less
negative impact on environment sustainability
driving the innovation and innovation driving
the sustainable development leads to
upliftment of people planet and prosperity

15. 



Reduce dependence upon fossil
fuels, underground metals, and minerals
Reduce dependence upon synthetic chemical
and other unnatural substances
Reduce encroachment upon nature
Meet human needs fairly & efficiently

16. 

The Aravind Eye Hospital, where some doctors
felt strongly about needless blindness. Or the
Grameen Bank, where Muhammad Yunus got
the idea of giving small loans to the poor
without collateral or paperwork because he felt
strongly about rural folks
But we fail to innovate substantially in India
because we have only engineering capacity and
not such intense thoughts or feelings and
basically to avert the risk

17. 

Having discussed the culture of Jugaad in
India and global wide and its contribution to
sustainability, the inter-dependant nature of
innovation and sustainability leading to
Sustainable development
The need of human element for innovation
to attain the goals of sustainable
development