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    Invention, Innovation & Entrepreneurship

    Uploaded by

    CA Vinod Kr Sharma
    This document discusses options for graduates and provides information about innovation and entrepreneurship. It notes that over 50,000,000 graduates pass out in India each year, with over 12,000,000 being engineers. It encourages graduates to take initiative by starting their own business rather than just seeking jobs or further education. The document outlines statistics on invention and innovation and provides examples of innovative products and services. It stresses finding problems to solve and developing business opportunities to address pressing issues. Finally, it discusses university incubation centers that can help graduates develop ideas, business plans, prototypes, and funding to successfully launch new businesses and become entrepreneurs.

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    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd

    Invention, Innovation & Entrepreneurship

    Uploaded by

    CA Vinod Kr Sharma
    43 views82 pages
    This document discusses options for graduates and provides information about innovation and entrepreneurship. It notes that over 50,000,000 graduates pass out in India each year, with over 12,000,000 being engineers. It encourages graduates to take initiative by starting their own business rather than just seeking jobs or further education. The document outlines statistics on invention and innovation and provides examples of innovative products and services. It stresses finding problems to solve and developing business opportunities to address pressing issues. Finally, it discusses university incubation centers that can help graduates develop ideas, business plans, prototypes, and funding to successfully launch new businesses and become entrepreneurs.

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    Invention, Innovation & Entrepreneurship

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    This document discusses options for graduates and provides information about innovation and entrepreneurship. It notes that over 50,000,000 graduates pass out in India each year, with over 12,000,000 being engineers. It encourages graduates to take initiative by starting their own business rather than just seeking jobs or further education. The document outlines statistics on invention and innovation and provides examples of innovative products and services. It stresses finding problems to solve and developing business opportunities to address pressing issues. Finally, it discusses university incubation centers that can help graduates develop ideas, business plans, prototypes, and funding to successfully launch new businesses and become entrepreneurs.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    43 views82 pages

    Invention, Innovation & Entrepreneurship

    Uploaded by

    CA Vinod Kr Sharma
    This document discusses options for graduates and provides information about innovation and entrepreneurship. It notes that over 50,000,000 graduates pass out in India each year, with over 12,000,000 being engineers. It encourages graduates to take initiative by starting their own business rather than just seeking jobs or further education. The document outlines statistics on invention and innovation and provides examples of innovative products and services. It stresses finding problems to solve and developing business opportunities to address pressing issues. Finally, it discusses university incubation centers that can help graduates develop ideas, business plans, prototypes, and funding to successfully launch new businesses and become entrepreneurs.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    of 82

    INNOVATION &

    ENTREPRENEURSHIP
    After GRADUATION – WHAT?
    OPTION 1: HIGHER STUDIES
    OPTION 2: JOBS INTERVIEW
    OPTION 3: ?
    OPTION 3: START YOUR OWN BUSINESS
    STATISTICS:

    In India around 50,00,000 graduates pass out every year..


    Out of which 12,00,000 are ENGINEERS
    5-6,00,000 are IT/computer Engineers.
    India produces 100 times Engineering graduates than UK.
    Be the FOLLOWER
    Job GIVER

    BLUE OCEAN
    Job GIVER

    BLUE OCEAN

    Be the LEADER
    Be the
    TAKE INITIATIVE - CREATE WEALTH - START U R BUSINESS
    INNOVATION

    INVENTION

    ENTREPRENUERSHIP
    INVENTION
    INNOVATION
    NEW - CREATION
    DISCOVERY
    DEVELOPMENT
    ORIGINATION
    USEFUL – OF SOME VALUE

    INVENTION - Synonyms
    Vacuum cleaner.
    Air conditioner
    20th
    Automated tea maker.
    Electrocardiogram
    First powered flight.
    Tea bags
    Plastic
    Windscreen wipers
    Silencer for guns.
    Radio broadcasting.
    Electric washing machine.
    Robotics
    Genetic Engineering
    21st
    Nano Technology
    Artificial Intelligence
    Automation
    Machine Learning
    Cloning
    INVENTION
    The INTERNET
    NEW
    TRANSFORMATION
    REORGANIZATION
    ORIGINATION
    USEFUL – COMMERCIAL VALUE

    INNOVATION - Synonyms
    INNOVATION - MARKETABLE IDEA WITH COMMERCIAL VALUE
    INNOVATION = INVENTION + COMMERCIALIZATION
    INNOVATION = PROFITABLE implementation of IDEA
    INNOVATION

    INVENTION
    UNDERSTANDING

    INSIGHT
    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 BEST way to get an IDEA!
    DO NOT THINK of IDEA
    Look for PROBLEMS

    IDEATION
    Look for the PROBLEMS of the SOCIETY
    SOLVE the pressing PROBLEM and
    Build a BUSINESS MODEL
    INNOVATION

    INVENTION
    UNDERSTANDING

    INSIGHT
    Leading to the
    creation of
    SOCIAL &
    ECONOMICAL
    VALUE
    PROBLEM/ISSUE : SHARED SAFE TRANSPORTATION
    BUSINESS OPPORTUNITY: PROFESSIONALLY MANAGED CAB SERVICES
    PROBLEM/ISSUE : HOME DELIVERY OF FOOD & BEVERAGES
    BUSINESS OPPORTUNITY: NETWORK OF EATING JOINTS
    PROBLEM/ISSUE : RELIABLE DOMESTIC SERVICES
    BUSINESS OPPORTUNITY: LOCAL NETWORK FOR DOMESTIC SERVICES
    PROBLEM/ISSUE : AFFORADABLE GLOBAL DISTANCE EDUCATION
    BUSINESS OPPORTUNITY: COLLABORATION WITH INTERNATIONAL UNIV.
    PROBLEM/ISSUE :HOME DELIVERY OF MEDICINES
    BUSINESS OPPORTUNITY: HOME DELIVERY OF MEDICINES AT
    AFFORDABLE PRICE
    PROBLEM/ISSUE :VOICE OVER INTERNET PROTOCOL (VoIP)
    BUSINESS OPPORTUNITY: NETWORK CONNECTIVITY USING VoIP
    Watch the TRENDS
    ARTIFICIAL INTELLIGENCE
    AUTOMATION ALTERNATIVE & RENEWABLE ENERGY
    RECYCLE & REUSABILITY
    University Education is the ideal launch pad to early
    ENTREPRENUERSHIP

    University Time is the RISK FREE Time


    For launching your START UP

    ENTREPRENUERSHIP (INCUABTION CENTRE)


    Incubation & Innovation Centre/Cell

    Laboratory for Entrepreneurial Advancement & Performance


    Laboratory for Entrepreneurial Advancement & Performance
    ENTREPRENUERSHIP
    SUCCESS STORIES
    ENTREPRENUERSHIP
    SUCCESS STORIES
    ENTREPRENUERSHIP
    SUCCESS STORIES
    ENTREPRENUERSHIP
    SUCCESS STORIES
    ENTREPRENUERSHIP
    SUCCESS STORIES
    YOU could be the NEXT
    “Your First Office could be your HOSTEL ROOM”
    VALIDATION & SCALING

    IMPLEMENTATION & PILOT TESTING

    INCUBATION & FUNDING

    IDEA VALIDATION
    BUSINESS PLANNING & DOCUMENTATION

    IDEA GENERATION

    ENTREPRENUERSHIP PHASES
    PHASES:
    1. IDEATION (Basic Research)
    2. APPLIED RESEARCH (Feasibility)
    3. PROOF OF CONCEPT (INNOVATIVENESS)
    TARGET MARKET (SEGMENT)
    BUSINESS PLAN
    REVENUE PLAN
    4. WORKING PROTOTYPE
    5. ENGINEERING PROTOTYPE
    6. PRODUCTION PROTOTYPES
    7. SUPPLIERS CONTRACT
    8. DISTRIBUTION NETOWORK / CHANNELS
    9. PRODUCT TESTING & LAUNCH
    10. FINANCAILS – REVENUE STREAMS & GROWTH TRAJECTORY
    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 OFFICE INFRASTRUCTURE & FACILITIES
    - Providing PROTOTYPING LABORATORY
    - Providing SEED FUNDING
    - Providing MARKET ACCESS
    - Provide BUSINESS MENTORING
    - ALL
    I AM YOUR BOSS!
    I AM THE BOSS!
    INNOVATION & ENTREPRENUERSHIP and YOU!

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