Raghunath Anant Mashelkar defines innovation as the successful exploitation of a new idea. The new idea could be new here new here in India or new abroad. Exploitation involve the actual use of the idea by the end customer. The idea must move to the field.The word successful indicates three factors — speed, scale and sustainability. The idea must move quickly from mind to market place. The innovation must sustain on its own — without any props or subsidies.