4 ms·
These R&D centers still depend on hired resources. People who sell their time and services for a salary. But as I understand it, Valley's big portion of success
by subbu 17y ago
These R&D centers still depend on hired resources. People who sell their time and services for a salary. But as I understand it, Valley's big portion of success is in its startups and their founders. People who take risk to create wealth and jobs. They themselves may not have all the required skills to succeed. But they hire others to fill that gap. They take that risk as part of their entrepreneurship. This is what is missing in the R&D centers in India. There are a lot of bright people working for others. But not for themselves. This will change in future. But we are not there yet.
My hunch is its going to take a lot more than 5 years.