
Open mindedness towards mentorship can empower innovators to also deepen the social impact of their efforts, writes the head of Marico Innovation Foundation. Regardless of their size, innovative organisations are able to scale up more easily and grow. They are able to predict and respond better to market changes and build a brand that stands out. It is no wonder then that 63% of the companies according a recent Forbes article, are hiring Chief Innovation Officers (CIOs) to support the innovation process. And it isn't large organisations alone that realise the value of being innovation forward. That is the reason we are seeing a number of collaborative ecosystems emerging in order to further nurture innovation, especially in the start-up world. They are helping pave the way forward for innovation to not be a one-time eureka moment in the life of an business, but a constant regenerative force propelling businesses and economies ahead, creating deep social impact in many instances.