Chet Kanojia an Indian immigrant has built Aereo- a stamp size antenna that can grab over the air TV signals and stream them to subscribers on the Internet on any device, whether it's a smartphone, tablet or even your laptop. Users will be able to even record shows for later viewing with cloud-based DVR for a few bucks a month.

The new device has lead to a legal battle between the American Broadcasting Companies and. Aereo that will come up in the Supreme Court in April. A case of copyright infringement has been filed by 17 broadcasting giants ranging from Disney's ABC to Comcast NBC to 21st Century Fox against Aereo. The TV giants have stated that the device is a threat to their business model, and undermines the cable re-transmission fees. Broadcasters maintained that Aereo's transmissions constitute a "public performance" that requires Aereo to pay for retransmitting them.

Kanojia who has an engineering degree from the National Institute of Technology and has a mechanical degree from Northeastern University, US holds patents in more than 14 fields ranging from robotics to data. He sold his first company, Navic Networks, to Microsoft in 2008 for a reported $250 million.