This post profiles YES Institute, one of the IIC's key inaugural partners in 2014 and a supporter of the IIC-DMICDC project.
In India, a rapidly developing nation with one of the world’s biggest growing economies, governments, corporations, and non-profits alike see a wide range of opportunities to promote sustainable development opening up in the coming years. YES BANK, one of the IIC’s inaugural sponsors, aims to be a leader in discovering emerging development opportunities for India and for the Bank with its new public policy think tank, YES Institute.
Since its founding in 2004, YES BANK has invested in research and knowledge-building as a key strategy to identify emerging sectors and strengthen its risk management processes. These practices of ‘knowledge banking’ have enabled the bank to stay ahead of the curve and get a first mover advantage in many industry sectors. Moreover, the research and reports produced by YES BANK have also provided policy-makers with valuable insights into how a private sector bank analyzes and manages risks. These insights can be crucial to mapping policies for economic growth that leverage banks as catalysts and enablers.
YES BANK is taking ‘knowledge banking’ one step further with YES Institute, the brainchild of Mr. Rana Kapoor, the bank’s MD and CEO. The Institute aims to enter ‘mindshare’ with the government, policy-makers, industry, civil society, and global and Indian think-thanks, bringing these actors together to exchange ideas and explore new prospects for India’s future. Mr. Kapoor is the Chief Mentor to the Institute, helping to direct the Institute’s focus towards certain priority sectors.
A FOCUS ON SMART URBANIZATION
YES Institute’s cornerstone goal is to accelerate smart urban transformation in India. “Urban areas are dotted with slums and unauthorized colonies with yawning infrastructure gaps. Dead rivers, pollution and dirty cities, increasing disparities between the rich and poor, and lack of urban services are just some of the issues plaguing our cities,” says Ms. Preeti Sinha, the Senior President & Global Convenor at YES Institute. “At the same time, with over 60% of GDP being contributed by urban centers, we feel the future of India lies in its cities.”
To this end, the Institute has partnered with the International Innovation Corps (IIC) in sponsoring the 2014-2015 IIC team working with the Delhi-Mumbai Industrial Corridor Development Corporation (DMICDC). According to Ms. Sinha, “Development of smart cities will have impressive economic spin-offs, making it imperative to plan holistically. Our approach on taking the YES Institute philosophy forward is to foster multi-stakeholder engagement, and encourage innovation and skills development. We see synergy with the IIC project on DMIC in providing the right policy impetus for the development of smart cities.”
In May, YES Institute launched its Smart Urbanization Series, a platform for convening interdisciplinary experts to bring smart cities ideas to life. Within the realm of smart cities, YES Institute is particularly interested in exploring the concepts of creative economies, innovation districts, and land monetization models, to foster entrepreneurship and redevelopment. In addition to hosting “glocal” convenings like the Smart Urbanization Series, the Institute generates discussion and action in its areas of interest by producing thought pieces and articles, supporting scalable pilot initiatives, promoting growth development financing structures, and more.
BUILDING ON A RICH CULTURAL TRADITION
YES Institute also aims to bring India’s rich cultural history to bear on its other core topics, such as smart urban design, through its YES CULTURE initiative. The Institute sees an inherent quality of innovation and creativity in India’s cultural tradition that could be a valuable resource for the challenges of the present day. YES CULTURE envisions creating a sustainable support ecosystem for cultural institutions and the people of India to promote cultural development and the preservation of cultural heritage.
Most recently, YES Culture launch a series of convenings to bring together top leaders in the area of cultural preservation. According to Mr. Kapoor, “The aim of the YES CULTURE Idea of India Series is to bring together distinguished individuals who have been working tirelessly towards building India. We want to talk about significant Indian projects that require the attention of the world, and truly complement the Idea of India.”
Through its multifaceted and forward-looking strategy, YES Institute aims to build synergies between the private sector actors and the governmental agenda to achieve sustainable development goals for Indian society in the coming years.
- Mar 22, 2018 The Quest for Universal Quality: Financing Healthcare in India Mar 22, 2018
- Dec 14, 2017 The Challenge of Scoping Dec 14, 2017
- Nov 27, 2017 Varun Jhaveri, IIC Project Lead, selected to meet President Obama in New Delhi Nov 27, 2017
- Nov 27, 2017 A Mandatory Disruption: Using Digitization to Enhance the Patient Experience Nov 27, 2017
- Aug 16, 2017 Breaking down the barriers: Integrating the school and beyond in education Aug 16, 2017
- Jul 28, 2017 IIC NITI Jul 28, 2017
- Jul 19, 2017 Assessing Effectiveness and Scalability of Ed-Tech in India Jul 19, 2017
- Jul 10, 2017 Working with Management Information Systems: Three Learnings from Rajasthan Jul 10, 2017
- Jun 21, 2017 Profile of a Profession: Cesspool Workers in Coastal Andhra Pradesh Jun 21, 2017
- Jun 12, 2017 Finding Impact in Unexpected Corners: Interviewing Government Exam Aspirants and OnlineTyari Users Jun 12, 2017
- Jun 6, 2017 Corporate Social Responsibility and Government Policy Jun 6, 2017
- May 12, 2017 Community-led Natural Resource Management: Water Tanks in Telangana May 12, 2017
- May 8, 2017 Implementing Policy: The Reality of State Government as a Distracted “Paper Tiger” May 8, 2017
- May 2, 2017 IIC and IME Pioneer Water Quality Sensing Network in India’s Second Longest River May 2, 2017
- Apr 17, 2017 Taking Charge of Education: Parents and Communities Transform Government Schools Through SMCs in Rajasthan Apr 17, 2017
- Apr 10, 2017 Building Data-Driven Solutions for EdTech Apr 10, 2017
- Apr 4, 2017 Karnataka Tackles Road Accidents Apr 4, 2017
- Mar 31, 2017 Solving Health Care: An Interview with IIC's Faculty Director, Dr. Anup Malani Mar 31, 2017
- Mar 22, 2017 Act Natural: Some Thoughts on Animal Dustbins in India’s Cities Mar 22, 2017
- Mar 17, 2017 Video: IIC Project Alumni on What Makes the IIC Special Mar 17, 2017
- Mar 8, 2017 Mission Kakatiya Seeks to Understand a Model Village Mar 8, 2017
- February 2017
- Jan 3, 2017 UChicago’s Anup Malani on India, Demonetization and Measuring the Effects Jan 3, 2017
- Jul 29, 2016 Stakeholder Spotlight | The IIC–EPIC team speaks with Principal Secretary Khullar Jul 29, 2016
- June 2016
- May 2016
- Apr 14, 2016 IIC hosts leading scientists for an IIC Brazil summer policy lab panel discussion Apr 14, 2016
- Mar 14, 2016 Impact of Indian Innovations in Global Business Mar 14, 2016
- Dec 27, 2015 The IIC Team: Meet Nicole Dec 27, 2015
- Nov 2, 2015 2016-2017 Fellow Applications Nov 2, 2015
- Sep 25, 2015 Annual Workshop Recap Sep 25, 2015
- Aug 25, 2015 Profile: YES Institue Aug 25, 2015
- Jun 2, 2015 Fellow Spotlights | Part 2 Jun 2, 2015
- May 19, 2015 Making a 'smarter' city May 19, 2015
- April 2015
- Mar 3, 2015 Fellow Spotlights | Part 1 Mar 3, 2015
- Feb 17, 2015 IIC partners with USAID Feb 17, 2015
- January 2015