INNOVATION INVENTION ENTREPRENUERSHIP INVENTION The INTERNET INNOVATION MARKETABLEIDEA

INNOVATION INVENTION ENTREPRENUERSHIP

INVENTION

The INTERNET

INNOVATION - MARKETABLEIDEA WITH COMMERCIALVALUE

INNOVATION = INVENTION + COMMERCIALIZATION

INNOVATION = PROFITABLEimplementation of IDEA

INVENTION INNOVATION INSIGHT UNDERSTANDING

Leading to the creation of SOCIAL& ECONOMICAL VALUE

INNOVATION PRODUCT PROCESS SERVICE

INNOVATION I

INNOVATION - (PRODUCT)

INNOVATION - (PROCESS)

INNOVATION - (SERVICE)

INNOVATION - (PACKAGING)

INNOVATION - (MARKETING)

INNOVATION - (TECHNOLOGY)

Where the IDEA comes from?

The BESTway to get an IDEA! DO NOT THINK of IDEA Look for PROBLEMS IDEATION

Look for the PROBLEMSof the SOCIETY SOLVEthe pressing PROBLEM and Build a BUSINESS MODEL

INVENTION INNOVATION INSIGHT UNDERSTANDING

Leading to the creation of SOCIAL& ECONOMICAL VALUE

PROBLEM/ISSUE : SHAREDSAFETRANSPORTATION BUSINESSOPPORTUNITY: PROFESSIONALLYMANAGED CABSERVICES

PROBLEM/ISSUE : HOME DELIVERYOFFOOD & BEVERAGES BUSINESSOPPORTUNITY: NETWORKOFEATINGJOINTS

PROBLEM/ISSUE : RELIABLEDOMESTIC SERVICES BUSINESS OPPORTUNITY: LOCALNETWORKFORDOMESTIC SERVICES

PROBLEM/ISSUE : AFFORADABLEGLOBALDISTANCEEDUCATION BUSINESSOPPORTUNITY: COLLABORATION WITH INTERNATIONALUNIV.

PROBLEM/ISSUE : HOME DELIVERYOFMEDICINES BUSINESSOPPORTUNITY: HOME DELIVERYOFMEDICINES AT AFFORDABLE PRICE

PROBLEM/ISSUE : VOICE OVERINTERNET PROTOCOL(Vo. IP) BUSINESSOPPORTUNITY: NETWORKCONNECTIVITY USINGVo. IP

VALIDATION & SCALING IMPLEMENTATION & PILOT TESTING INCUBATION & FUNDING IDEA VALIDATION BUSINESSPLANNING & DOCUMENTATION IDEA GENERATION ENTREPRENUERSHIP PHASES

PHASES: 1. IDEATION (Basic Research) 2. APPLIED RESEARCH(Feasibility) 3. PROOFOFCONCEPT (INNOVATIVENESS) TARGETMARKET (SEGMENT) BUSINESSPLAN REVENUEPLAN 4. WORKING PROTOTYPE 5. ENGINEERING PROTOTYPE 6. PRODUCTION PROTOTYPES 7. SUPPLIERS CONTRACT 8. DISTRIBUTION NETOWORK/ CHANNELS 9. PRODUCTTESTING& LAUNCH 10. FINANCAILS – REVENUESTREAMS& GROWTHTRAJECTORY

INCUBATION CENTRE/CELL: Setting up of INCUABTION CENTRE/CELL is the process of establishing measures for DE-RISKING an IDEA or a START-UP and help in IMPROVING the odds of SUCCESS. INCUABTION process can take different forms & shapes including : - Providing OFFICEINFRASTRUCTURE& FACILITIES - Providing PROTOTYPINGLABORATORY - Providing SEEDFUNDING - Providing MARKET ACCESS - Provide BUSINESS MENTORING - ALL