15-fold increase in innovations by Tata companies

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    Jamshedpur : The Tata group, today, announced a 15-fold increase in innovations by Tata companies over 10 years of Tata Innovista.

    The Tata Innovista is agroup-wide programme, held annually by the Tata Group Innovation Forum (TGIF) to encourage, recognise and showcase outstanding innovations done by Tata companies.

    Started in 2006, Tata Innovista has become an indicator of the success of the innovation drive in the Tata group and of the inherent capabilities of its people.

    Tata Innovista 2015 received 1580 projects under the Promising Innovations category as compared to 101 in 2006, signifying a15-fold increase.

    The Promising Innovations category recognises innovations that have been successfully implemented during the year. Out of these 1580 projects received, the top 60 innovations are expected to deliver an estimated financial benefit of $1.1bnannually and arelikely to touch the lives of 35 million people, globally, over a 5-year period.

    The Promising Innovations category has six sub-categories: New Products, New Services, Core Processes, Support Processes, Services Enabling Customerand Social. The Promising Innovations awards went to:

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