We have seen over the years that advances in research and innovative technologies are the basis for growth, development and evolution of brighter and better future for mankind. There is no other more critical dynamic process than innovative research and entrepreneurship in-spite of the difficulties and challenges to sustain it financially, academically and intellectually. It is through perseverance and dedication of intellectuals and scientists that we have progressed from penicillin to stem cells and from abacus to microchips and nanotechnology - each component still as important and relevant as it was when first discovered.