The Infosys cofounder said he preferred industries investing at least half of their R&D budget outside of the industry, such as in startups and research institutions. Innovation is meant not just for startups but also for large industries, he pointed out. IT/BT minister Priyank Kharge, Biocon founder Kiran Mazumdar-Shaw, and Accel’s founding partner Prashanth Prakash were also part of the panel at the Bengaluru Tech Summit. The discussion was moderated by Kyndryl India president Lingraju Sawkar.