Vapso Innovations India Private Limited
It is the “STARTUP INDIA” Registered Company that has been established for providing a global platform to all kinds of innovative products and services to the future world. The Company works in the sectors of Startups, Innovations, Research & Development Investment, Hygiene, Human Healthcare, Happiness, Education, Environment and Entertainment.
The company provides quality products and services to four primary customer sets: consumers, sellers, enterprises and content creators. The company also creates innovative developers and enterprises of all sizes through “Vapso Innovations Career Development Portal”, which provides global business infrastructure and Research & Development Investment to empower the career of young India.
By analyzing and serving various markets and their size, it often benefits from economies of scale and scope, and has a stronger financial capacity to invest in innovation including risky innovation projects. It is in a better position than small and local firms to attract talent, acquire sophisticated equipment, adopt comprehensive technology management tools and build innovation networks with suppliers, customers, strategic partners, universities and public research institutes.
Founded by an Indian Innovator & Entrepreneur Mr. Prashant Sharma in 2018, Vapso Innovations India Private Limited is a global enterprise headquartered in India. The company operates with a mission 'To improve the quality of life of the communities we serve globally, through long-term stakeholder value creation based on Leadership with Trust'.
As globalization proceeds Vapso Innovations India Private Limited has come into the global innovative market with its new strategies and high potential. The motivations behind the globalization of corporate innovation are manifold, ranging from efficiency-seeking and demand-seeking investments, which aim at reducing costs or adapting products to Indian market as well as foreign markets respectively, to supply-driven investments, which aim at tapping into resources and capabilities of different locations in order to integrate and leverage them into competitive advantages. Regarding the nature of changes, innovations and startups in the company are evolving from a centralized and hierarchical function towards one that builds upon a network of geographically disperse innovation centers and R&D labs.
Vapso Innovations India Private Limited has come to play a more active role in global innovation networks, involving not only incremental innovations but also multi-technology products development and basic innovative research projects that can make the life stage of people healthier and happier.
The company is going to operate with just a few such global Research & Development labs in carefully selected locations in India and around the world shortly, with the historical core R&D unit in the country of origin (INDIA) often holding a coordinating role.
In parallel to internationalization, a complementary trend in the Indian Companies of innovative activities is their higher reliance on external sources of knowledge; a gradual and ongoing process which has been described as the transition from a closed to an ‘open innovation’ model. Indeed, there is a growing tendency to use cooperative and/or contractual relationships to manage the external network of the company, with the company itself focusing on its core competences. Thus it is important to consider not just FDI but also other forms of non-equity relationships and knowledge-intensive linkages established by Indian companies across borders to improve their innovative performance.
In a world where multinationals are increasingly internationalizing their R&D activities, competition among countries and regions to attract the R&D activities of these corporations is on the rise (OECD, 2011). In addition to its direct impact, attracting the R&D activities, Innovative Products and services of Vapso Innovations India Private Limited can bring along indirect effects or spillovers to other firms in the country, resulting in productivity improvements. These spillovers relate to knowledge diffusion from multinational affiliates to domestic firms, encompassing technology and all forms of codified and tacit knowledge related to production, including management and company practices. Thus it is important for national innovation policy to consider how to attract the innovative activities of company and how to encourage existing company affiliates to engage further in innovation domestically and to collaborate with local firms and universities.
Going forward, Vapso Innovations India Private Limited is building multinational businesses that seek to differentiate themselves through Customer-Centricity, Innovation, Entrepreneurship, Trustworthiness and Values-driven business operations, while balancing the interests of diverse stakeholders including shareholders, employees and civil society.