The KnowNet initiative centers around using and propagating ICT models for creating an open system for recognising, valuing, enriching and sharing of local knowledge, in parallel with human capacity building efforts. This will lead to a two-way process of people accessing information and knowledge for development and also information and knowledge finding its way to the probable users. Broadly the concept is three fold: 1. Recognising and valuing existing knowledge which is locally relevant. 2. Leveraging and advancing the mutual knowledge of people. 3. Using Knowledge for catalysing sustainable human development process.