Report tries to understand the current state of open innovation in India and how stakeholders are working together to build underlying frameworks for the success of open innovation initiatives. It also covers the gaps, needs and business imperatives of open innovation and tries to understand why it’s important for India. This report will also act as a guidebook for corporates to understand the intricacies involved in setting up their open innovation programs. Successful case studies have also been included to showcase the impact created by these different models of open innovation.