Scribd Logo
Upload

Welcome to Scribd!

  • 19 views

    Covid 19 - Opening Doors For Innovation

    Uploaded by

    Yasah
    The document discusses innovations that have emerged during the Covid-19 pandemic. It notes that crises often spur innovation as people are pushed to solve problems in new ways. The document then provides 31 examples of innovations across various sectors like healthcare, technology, manufacturing, and education that have emerged in response to the pandemic. These include low-cost ventilators, telemedicine services, online education platforms, and contactless delivery systems. The conclusion states that historical evidence shows economic growth often surges after a downturn, partly due to innovations developed during difficult times.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd

    Covid 19 - Opening Doors For Innovation

    Uploaded by

    Yasah
    19 views3 pages
    The document discusses innovations that have emerged during the Covid-19 pandemic. It notes that crises often spur innovation as people are pushed to solve problems in new ways. The document then provides 31 examples of innovations across various sectors like healthcare, technology, manufacturing, and education that have emerged in response to the pandemic. These include low-cost ventilators, telemedicine services, online education platforms, and contactless delivery systems. The conclusion states that historical evidence shows economic growth often surges after a downturn, partly due to innovations developed during difficult times.

    Original Title

    Untitled

    Copyright

    © © All Rights Reserved

    Available Formats

    PDF, TXT or read online from Scribd

    Did you find this document useful?

    Is this content inappropriate?

    The document discusses innovations that have emerged during the Covid-19 pandemic. It notes that crises often spur innovation as people are pushed to solve problems in new ways. The document then provides 31 examples of innovations across various sectors like healthcare, technology, manufacturing, and education that have emerged in response to the pandemic. These include low-cost ventilators, telemedicine services, online education platforms, and contactless delivery systems. The conclusion states that historical evidence shows economic growth often surges after a downturn, partly due to innovations developed during difficult times.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    19 views3 pages

    Covid 19 - Opening Doors For Innovation

    Uploaded by

    Yasah
    The document discusses innovations that have emerged during the Covid-19 pandemic. It notes that crises often spur innovation as people are pushed to solve problems in new ways. The document then provides 31 examples of innovations across various sectors like healthcare, technology, manufacturing, and education that have emerged in response to the pandemic. These include low-cost ventilators, telemedicine services, online education platforms, and contactless delivery systems. The conclusion states that historical evidence shows economic growth often surges after a downturn, partly due to innovations developed during difficult times.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    of 3

    Aug’ 2020

    Covid 19 – Opening Doors for Innovation


    Objective of this note: Crises should create innovation. Innovation represents unaccounted
    economic growth. In this note we evaluate if there is evidence of large innovation happening in our
    economy.

    Why does crises create innovation?

    In crises situation, people are pushed to the wall which forces them to innovate. Innovation then adds
    to economic activity.

    Is there evidence of large innovations happening in our economy?

    There are numerable innovations happening today on account of the pandemic especially in areas like
    healthcare, technology, logistics, manufacturing, etc. We cannot capture all innovations that are
    taking place, but have captured a couple of example across different industries in the table below:

    Innovation
    Sector Innovations
    No.
    Portable low cost ventilators – Companies such as Nocca Robotics,
    Healthcare Aerobiosys Innovations and AgVa Healthcare are manufacturing it at a cost of
    1 around Rs. 70,000/-
    Robots to screen people (covid or covid free) and dispense sanitizers to
    Healthcare incoming people. Asimov Robotics, a Kerala-based start-up company for use
    2 in hospitals, offices and malls.
    Manufacturing of low cost PPE Kits that will generate Rs.7, 000 crore revenue
    Healthcare
    3 per year.
    4 Healthcare Online doctor consultation by KlinicApp and Practo.
    Manufacturing Apple started assembling flagship iPhone 11 in Chennai plant and plans to
    5 produce up to $40 billion worth of smartphones in India.
    Manufacturing Realme with an investment of Rs. 300 Crs starts production of TV at its
    6 Greater Noida facility.
    Manufacturing German healthy footwear brand Von Wellx with an initial investment if Rs
    110 Crs plans shoe production of over 30 lakhs pairs in a factory to be set up
    7 in UP.
    Zoom, Cisco Webex and Google Meet has helped to effectively transition to
    Technology
    8 Work from Home model and ensure business continuity.
    Marut Dronetech is manufacturing drones that are being used for critical
    Technology deliveries (e.g. medicine), spraying disinfectants and monitoring containment
    9 zones.
    Fintechs and Payment Gateways like Razorpay and Chargebee are being used
    Technology by companies to smoothen online billing process and ensure business
    10 continuity
    Samsung has started manufacturing smart watches in India at its Noida
    Manufacturing
    11 facility as part of its 'Make in India' efforts.
    Hotel majors like ITC, JW Marriott, Radisson, Mahindra Holiday Resorts and
    Hospitality Oyo are providing rooms as quarantine facilities as alternative revenue
    12 model.
    Hotel chains like Oberoi and Taj have started home delivery of the restaurant
    Hospitality
    13 food made by their star chefs.

    Page 1
    Aug’ 2020

    Covid 19 – Opening Doors for Innovation


    Airlines like Indigo are providing charter flight options which is gaining
    Aviation
    14 traction among HNI / UHNI segment. ( providing PPE kits, masks for travelers)
    Airlines are providing safety kits that include PPE kits, mask, face shield,
    Aviation
    15 gloves and also working on alternate seating to provide safe travel.
    Mylab Discovery Solutions, a Pune-based company has developed the first
    Healthcare COVID-19 rapid testing kit in India capable of providing test results within 2.5
    16 hours at cheaper rates
    Sixth Element Furnishing Solutions is producing N-95 masks at 40% lower cost
    Healthcare
    17 than imported masks.
    Companies like Zomato and Swiggy have tied-up with local shops for delivery
    Retail
    18 of daily-use items.
    Companies like ITC, P&G, and Marico have started their apps to provide
    Retail
    19 contactless delivery of daily essentials.
    Company named O2Matic has developed highly portable oxygen generator,
    Healthcare
    20 which provides uninterrupted 99.7% pure oxygen, without need for power.
    Cardiac Design Labs, Bengaluru has devised online patient monitoring system
    Healthcare
    21 to monitor vitals of patients at home or in transition to hospital.
    EdTech Start-ups like Byjus, Toppr, Khan Academy, Vedantu have seen almost
    Education
    22 a 100% jump in paid user base
    Cuemath, an online tech start-up, provides online content through group
    Education
    23 study sessions and peer-to-peer learning.
    Patna-based Cymatic, provides interactive virtual classroom services for Class
    Education
    24 8 to 12, to private schools at less than Rs 150, per student per month.
    Government launched online platform DIKSHA to provide e- content and QR
    Education coded energized textbooks for all grades. It would benefit 25 Cr school going
    25 children
    Blackfrong, and Pluss have developed Cold-storage facility to maintain sample
    Healthcare
    26 integrity while transporting to Covid-testing facilities.
    Healthcare Low cost and fast delivery Test kits that deliver results in 2 hours by CoSara
    27 Diagnostics (can manufacture 10,000 kits a day).
    Online Farm-to-Home delivery model of fresh vegetables - Start-ups like
    Agriculture Kisankarts.com and Agribazaar have procured and transported more than
    28 5000 trucks of produce.
    AI based inspection of farm produce - companies like Agricx Lab working on
    Agriculture
    29 this for farmers
    Online live and interactive experiences of tours and safaris with trained
    Tourism
    30 guides- companies like tourhq.com shifted to this model post lockdown
    Ampligene India Biotech has developed rapid and sensitive isothermal based
    Healthcare
    31 test solution that can help ramp up the capacity of testing labs by 5 -7 times.

    Conclusion:
     As has been indicated in the beginning, that people innovate when they are pushed to the
    wall. These are some samples of innovation, the accumulation of innovation cannot be
    assessed.
     So, while there are downsides in economy because of covid, there are not so obvious upsides
    in economy exemplified above.
     Historically, it’s been observed, that post a downside, there is a surge in economic growth.
    This can partly be explained by innovations that follow every downside.

    Page 2
    Aug’ 2020

    Covid 19 – Opening Doors for Innovation


     Therefore, our belief is that in the next 1 – 2 years, there should be significant economic
    growth.
     As such, we recommend to continue building portfolios in strategic combination and fill the
    gaps in the strategy in the sequence of best return to risk trade off. Portfolio gaps should be
    filled in the below sequence:
    1. Debt Structured Products
    2. Equity Structured Product
    3. Equity Mutual Fund
    4. Debt Mutual Fund

    Disclaimer:
    This report has been issued by AR Wealth Services Ltd, a subsidiary of Anand Rathi Financial Services Limited (ARFSL).
    The information herein was obtained from various sources; we do not guarantee its accuracy or completeness. Neither the
    information nor any opinion expressed constitutes an offer, or an invitation to make an offer, to buy or sell any securities or
    any options, futures or other derivatives related to such securities (“related investments”). ARFSL and its affiliates may trade
    for their own accounts as market maker / jobber and/or arbitrageur in any securities of this issuer(s) or in related investments,
    and may be on the opposite side of public orders. ARWSL, ARFSL, its affiliates, directors, officers, and employees may have
    a long or short position in any securities of this issuer(s) or in related investments. ARFSL or its affiliates may from time to
    time perform investment banking or other services for, or solicit investment banking or other business from, any entity
    mentioned in this report. This research report is prepared for private circulation. It does not have regard to the specific
    investment objectives, financial situation and the particular needs of any specific person who may receive this report. Investors
    should seek financial advice regarding the appropriateness of investing in any securities or investment strategies discussed or
    recommended in this report and should understand that statements regarding future prospects may not be realized. Investors
    should note that income from such securities, if any, may fluctuate and that each security’s price or value may rise or fall. Past
    performance is not necessarily a guide to future performance. Foreign currency rates of exchange may adversely affect the
    value, price or income of any security or related investment mentioned in this report.

    Page 3

    You might also like