Cycle of innovation (Co-relating final year project with innovation cycle)
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Transcript of Cycle of innovation (Co-relating final year project with innovation cycle)
GTU INNOVATION COUNCIL
www.gtuinnovationcouncil.ac.in
Interactive discussion explaining the entire life cycle of Innovation in co-relation to final year project
-Kaushik Akiwatkar
Agenda for session
How to innovate effectively?
How to enable innovation?
How to sustain the change?
Connection and correlation of Innovation cycle with final year projects
What is Innovation?
Challenge? Novelty Utility
Application of new ideas to solve problems resulting in benefits to user
Image: TATA Swach
Solving Problems . . .
Image: Sangaria town of northern Rajasthan
•Technology/Product
•Process
•Business Model
•Others
Category of Innovation?
•Disruptive
•Incremental
•Lateral
Types of Innovation?
Two Surprise cases
Tihar Jail in 1993
In 1993
Filthy and corrupt
Same vessels of cooking and washing cloths
Garbage collection issues
Low literacy
Tihar Jail in 2011 (Cultural Innovation)
Campus recruitments
Rs. 100 Cr revenue
High literacy rate, IAS and MBAs
Who can become Innovative
“Any one can” view “Only If” view “DNA” view
Cycle of Innovation
8 Steps to Innovation
Step 1 – Idea generationStep2 – Challenge BookStep 3 – Catalyst
Step 4 – Low cost high speed experimentStep 5 – Design a good speechStep 6 -
Step 7 and 8
2 Loop of idea cycle
3 Myths of Innovation
Myths Truths
Begins with creativity Begins with curiosity
Idea moves ahead in smooth linear fashion Idea moves ahead through iterative experiments
Its all about risk-taking Its all about assessments, taking and mitigating risks
Step 1 – Idea generationStep2 – Challenge BookStep 3 – Catalyst
Step 4 – Low cost high speed experimentStep 5 – Design a good speechStep 6 -
Step 7 and 8
Challenge Book | Invite challenge
Pain Point (Human problems)
Wave (Trend)
Waste (feature not relevant)
Interoperability
3. Catalyst
David Packard three hat.
Enthusiasm hat
Inquisitor hat
Decision hat
Ajay Bhatt (Co-inventer of USB)
Create internal role models
Elephant and rider Theory
Passion
Full of fun
Energetic
Pride
Rider
Needs direction
Goal
Focused
Plan
Guidelines
Framework
Technology/Product Innovation
Before
Later
Latest: 2014 Laptop
Process Innovation
McDonalds Story
Change in Menu
Cut down in food items from 35 to 9 which included 2 types of burgers, Fries and 6 Drinks
New Food delivery system Mechanism
Business Innovation
Thank You for being a great audience
Kaushik Akiwatkar
S4 Development Coordinator
(Innovation & Entrepreneurship)
** Above presentation was based on book “8 steps to innovation from jugad to systematic innovation”
Just want to say Hi!
facebook: www.facebook.com/kaushikakiwatkar
LinkedIn: https://in.linkedin.com/in/kaushikakiwatkar
+91 - 8866814755
Contact Us
Address:
Mr. Kaushik Akiwatkar
S4 Development Coordinator
(Innovation & Entrepreneurship)
126, ACPC Building,
L.D. Engineering College Campus,
Navrangpura, Ahmedabad - 380 015
079-2630 0499, 079-2630 0599
www.gtuinnovationcouncil.ac.in
www.facebook.com/gtuinnovationcouncil