Bhardwaj twins launch ‘Open Innovation Lotus Foundation’

Global think tank in alliance with Berkeley Haas

Yuvraj Bhardwaj, Chief Executive Officer, PetonicInfotech, says there is an urgent need to formulate policies with equal partnership with government, corporate enterprises, and universities in the context of Aatmanirbhar Bharat.

NEW DELHI, Apr 29 (The CONNECT) – Bhardwaj twins -Yashraj and Yuvraj - promoters of strategic expertise consultancy firm Petonic Infotech have launched ‘Open Innovation Lotus Foundation’ (OILF), a non-profit research platform, in alliance with Berkeley Haas. 

Petronic website says “We provide expert advice to C-level executives - at industry leaders and emerging challengers - on strategy, marketing, transformation and digital. Our consultants address their toughest strategic issues, whether it's accelerating growth, entering a new market, improving profitability, or dealing with digital disruption.”

Open Innovation Lotus Foundation’ (OILF) has built a common platform to engage with the Government, policy makers, enterprises and universities to formulate collaborative activities across industries to move India forward. The Foundation has a team of experts and its advisory body includes people such  Yuvraj Bhardwaj, Chief Executive Officer, Petonic Infotech; Solomon Darwin - Executive Director, Haas School of Business and UC Berkeley 'Father of Smart Village Movement'. It has also drawn representation from corporate enterprises such as Microsoft, Ericsson and Salesforce who are members of Berkeley Innovation Forum India.

Yuvraj Bhardwaj, Chief Executive Officer, Petonic Infotech said – “It gives me immense pride to work with NITI Aayog and University of California, Berkeley and provide a unified platform to entire stake holders. With the government’s focus on Atmanirbhar Bharat, there is an urgent need to formulate policies with equal partnership with government, corporate enterprises, and universities. We need to explore more public-private initiatives for India to grow further.”

OILF is working towards building technology in manufacturing, engagement with academic institutions, facilitating legislation; importance of sustainability particularly within the manufacturing and energy sectors; the growing presence of China, the close relationship between India and leading economies including the US, the rising opportunity for India to achieve a higher share of the global market share as a leading manufacturer and reliable supplier; a revaluation of the legislative process, particularly for new firms aiming to expand into the Indian market, Developing the world’s largest talent pool, developing the roadmap in the areas of healthcare, agriculture, and financial inclusion in the rural sector; Create digital healthcare solutions for efficient last-mile access, deepen financial inclusion and risk management in underserved sectors and regions.

Bhardwaj twins are no ordinary teenagers as they started business at a very young age of 14 years when children of that age play games on Xbox, or hang out at coffee shops or and movies. With a keen interest in scientific research at 11 years of age, they were hooked on to research journals, penning down their areas of interest and research ideas for particular problems.

They used to read research papers, science fiction, articles, blogs, and started learning about different inventions. Both of them have a passion towards new technologies and innovation happening around the world. Due to their fondness, they have been closely associated with innovation powerhouses like Silicon Valley giants, TED, Venture Firms and Technology Clusters around the world.

Yashraj is also selected as Garwood Fellow at University of California, Berkeley. He is a Visiting scholar and working on concept of ‘Open Innovation’. He is the Youngest person and only Indian to have received this fellowship wherein nobody less than ‘PhD’ is ever selected. He has also Co-Authored a book named ‘Resetting the Jewel in the Crown’, which is a bestseller in ‘International Economics’.

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