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The 1st India Conference on Innovation, Intellectual Property & Competition at IIM-Bangalore aims at reinvigorating innovation conversations and re-igniting Schumpeterian forces of creative destruction in the Indian economy. Bringing together innovation scholars, policy makers and practitioners from around the world and India, this conference wishes to contribute to these emerging discourses around innovation happening in India and its transformative impact on long run Indian economic growth. In doing so, the conference aspires to provide momentum to recent policy mandates by Government of India around Create in India and Make in India.