Fig. L2M Rail’s R&D Strategy Framework

R & D is an integral part of all activities at L2M Rail, which allows us to stay ahead of our competition. At the core, we hope that our R&D investments yield the critical technology from which we can develop new products, services, and business models. It’s our in-house R&D that helps us to both deliver and shape the corporate strategy. We have carefully crafted our R&D strategy with clarity, agility, and conviction to realize the organization’s aspirations. Our R&D strategy serves as the company’s innovation engine, shapes the corporate priorities, connects to the market developments and is in sync with the speed of business.

Our in-house R&D centre, located inside the Indian Institute of Science (IISc) campus, provides a nurturing environment to a multi-disciplinary team of highly talented scientists striving for excellence. By virtue of our umbilical connection with IISc, we have direct access to the incredible repository of knowledge, scientists, faculty advisors, patents, IPs, Labs, world-class infrastructure and talent. We leverage the original knowledge generated at IISc to advance our scientific quest to new frontiers. Our core strengths are access to excellent infrastructure and an excellent talent pool of scientists.

Technological innovation is at the heart of all our R&D programs, which are well defined, time-bound programs leading to innovative products and technologies.  We make technological innovation work for sustainable development. We learn from a wealth of academic research and experience and attempt transfer of technology proven elsewhere to make our innovations work for sustainable development. Each of our innovations passes through four stages to position itself for sustainable market success every time. They are:

Stage 1: Ideate – Get to the bottom of why innovation is important;

Stage 2: Prototype – Find the innovation’s most viable niche in the market and expose all the ways it might fail;

Stage 3: Build – Iterative development through the Creative Chaos, agile sprint-based blueprint; and

Stage 4: Scale – Move into full-fledged production, and open for business.

Each of these stages, in turn, holds a distinct set of parameters that will not only move the innovation along with more smoothly but also indicate when and if it is ready to progress to the next stage.

We have effective accountability metrics in place to measure and communicate the progress of our dedicated R&D teams. We give equal importance to incremental projects, customer-centric projects and transformational projects. Innovation-driven growth is more important to us, and we never allow the industry to bypass our innovations in any way.

Our long term R&D policy is “realizing sustainable growth through the development of futuristic technologies“, which reflects the company’s commitment towards innovative research & development in our line of business. We treat R&D not as a ‘cost centre’ but as the ‘growth engine’ that it can become.

To conclude, we have equipped our R&D strategy to prepare us holistically to succeed in today’s VUCA (volatile-uncertain-complex-ambiguous) business environment. We treat R&D not as a ‘cost centre’ but as the ‘growth engine’ that it can become