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Commercialising Science and Technology-enabled Innovation

RiffStream#Mumbai successfully organised on September 25th 2012

RiffStream#Mumbai: “Building the Digital Bridge: Creating exciting new content and services for mobile devices; Cross-fertilizing India-UK Experiences”

RiffStream#Mumbai was successfully organised by the Creative Industries Knowledge Transfer Network (CIKTN) in partnership with the UK Science & Innovation Network (SIN) and AcceleratorIndia. Curated by Dr Uday Phadke (Creative Industries KTN’s Investment Theme Champion, Chief Executive of Cartezia and Executive Chairman of AcceleratorIndia), the event in Mumbai used the RiffStream# methodology to explore new ways of facilitating collaboration across sectors, technologies and investors, with the aim of generating UK-India partnerships as the basis for delivering innovation and securing funding.

The event began with a brief introduction on SIN by Catherine Brain followed by a talk by Frank Boyd, Director, CIKTN on how the UK Technology Strategy Board is enabling business innovation and entrepreneurial growth in the creative industries. R. Venkateswaran, CTO, Persistent Systems discussed ‘mobile, broadband and media’ challenges & opportunities in India. David Fischer, founder and CEO, Soho Hospitality India, former MD MySpace and Fox Interactive Media, Europe then shared his experience of helping US/UK media companies expand into India to take advantage of the rapid growth in this sector.

During the day, over 10 UK SMEs and 20 Indian SMEs in the media and telecommunications industries showcased their businesses – most of which are engaged in the development and delivery of products and services for mobile devices and networks. These SMEs are involved in a wide range of technology/knowledge intensive products and services, including content, value-added services, applications, analytical tools, advertising, transactions and payments.

RiffStream#Mumbai offered Indian and UK companies the opportunity to improve their understanding of the Indian and UK ecosystems in the media & telecoms sectors. The debates and discussions amongst the delegates unearthed several interesting opportunities in the Indian mobile content market, for example: electronic benefits transfer for central government schemes; the willingness of consumers to pay for voice & video-based social networks; the recent enthusiasm of Indian operators to share revenues with MVAS companies; over-the-top services enabled by new payment technologies and the importance of regional languages.

Over networking sessions, lunch and a sumptuous dinner, RiffStream# participants sought to build relationships with their fellow delegates – as potential suppliers, partners and customers, or investors. 

The event closed on a highly optimistic note, with many delegates showing keen interest in not only UK-India business discussions, but also in sharing market insights, making introductions to local networks, and exploring joint innovation for mobile content.

To browse the detailed agenda and the list of registered participants, please visit the programme page.

09 Oct 2012