Noted Academic Researcher DR Kannan Vishwanath To Address On Open Innovation at The VI Economic Forum

Noted Academic Researcher Dr Kannan Vishwanath to address on
Open Innovation at the VI Economic Forum at Riga, Latvia.
Top Chemical Engineer & Researcher Dr Vishwanath will be

addressing at the VI International Economic Forum at The Institute
of Economics of the Latvian Academy for Sciences.
The Baltic states most awaited prestigious international economic forum

will be organising the 6th International Economic forum by The Institute of
Economics of the Latvian Academy for Sciences under the theme “From
The Creativity Of An Individual To An Innovative
Science Based Economy” at the Latvian Academy of
Sciences,Akadēmijas laukums 1, Riga, Latvia on September 21-22,
2023. Latvia along with Estonia and Lithuania are the members of
NATO, the European Union, the Eurozone, and the OECD. Dr Kannan
Vishwanatth has been invited to speak on the urgency of Open
Innovations & the power of open minds & how open innovation offers
benefits for all including enterprises, institutions.
The Economic Forum will witness the participation of top entrepreneurs,

academic professionals, researchers, Policy makers & industry leaders.
Speaking on this Dr. Kannan said “Open innovation, the practice of

collaborating with external entities to co-create new value, has become
essential to business success. As organizations face a slew of
challenges ahead of them, especially the issue of sustainability, they will
need to harness the potential of open innovation to shorten
organizational response time and capitalize on future opportunities.
Today’s market dynamics present a critical opportunity for business
leaders to revisit their strategies. The need for enterprises to be fast,
agile, responsible, and innovative is not an option – it is a must. Yet
innovation is too often seen as a separate effort, rather than a core
element of the business. Amidst the gloom and doom of the early
months of the Covid-19 crisis, something surprisingly uplifting started to
happen: Companies began to come together to work openly at an
unprecedented level, putting the ability to create value before the
opportunity to make a buck”.
Urgency leads transformation. Artificial intelligence is at the center of the

global technological revolution Science, technology, and innovation are
cornerstones of the American economy. They are also dominant forces
in modern society and international economic development.
Strengthening these areas can foster open, transparent, and meritocratic
systems of governance throughout the world.
Dr Nina Linde, The Institute of Economics of the Latvian Academy
for Sciences while announcing the event said “The aim of the VI
International Economic Forum is to analyse the role of human creativity
and the potential of international ecosystems for the development of
open innovations, as well as to present the world’s best practices and
evidence-based, practical solutions to achieve a higher level of well-
being in our globalised society. The successful practice of five previous
Economic Forums is continuing, that the Forum serves as a platform for
the exchange of experience and cooperation of scientists,
entrepreneurs, and politicians, stimulating the entry of local and foreign
investment and the development of an innovative economy in the long
term”.
Dr Vishwanath is an internationally recognised leader on strategy of

business innovations in chemical & pharmaceutical research with an
enviable track record of creating sustainable open innovations in
enterprises & institutions to improve existing offerings and develop new
ones, create new business models, and ensure more efficient spending
in R&D.
He is passionate researcher with about 24 years’ experience in

Pharmaceutical and International Trade. He has received The Albert
Schweitzer Medal For Science , The Malcolm Adiseshiah Award for
Distinguished Studies 2020 and The Dr APJ Abdul Kalam Excellence
Award For Medicine . He Was Awarded the Academic Professional
Award at American College of Dubai in UAE .He has co- authored and
filed 15 world patents on products and various non infringing process in
Anti Malarial and Anti Cancer products from Herbal Extracts with
expertise in Licensing, Business Development, API, Generics, Finished
Doses.
The Institute of Economics of Latvian Academy of Sciences (Institute) is

registered as a scientific and research institute in 2006. The action and
activities of the Institute are oriented to studying of economic problems
significant for Latvia, seeking and creating innovative and scientifically
based solutions. At present, the Institute is one of the leading research
centres for economy with wide partnership links in European and other
countries of the World and being able to provide a research based,
competent opinion about ongoing processes in the economy of Latvia,
Baltics and Europe, as well as to note the future progression. The
mission of the Institute is to facilitate the development of Latvian
economy in the regions and in the country as a whole, preparing based
on researches, competent assessments and opinions on ongoing
processes in the economy of Latvia, Baltics and Europe, as well as
elaborating recommendations related to development opportunities of
economy.

Noted Academic Researcher DR Kannan Vishwanath To Address On Open Innovation at The VI Economic Forum

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Noted Academic Researcher Dr Kannan Vishwanath to address on

Open Innovation at the VI Economic Forum at Riga, Latvia.

Top Chemical Engineer & Researcher Dr Vishwanath will be

The Baltic states most awaited prestigious international economic forum

The Economic Forum will witness the participation of top entrepreneurs,

Speaking on this Dr. Kannan said “Open innovation, the practice of

Urgency leads transformation. Artificial intelligence is at the center of the

Dr Vishwanath is an internationally recognised leader on strategy of

He is passionate researcher with about 24 years’ experience in

The Institute of Economics of Latvian Academy of Sciences (Institute) is

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