cycle of innovation (co-relating final year project with innovation cycle)
TRANSCRIPT
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GTU INNOVATION COUNCIL
www.gtuinnovationcouncil.ac.in
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Interactive discussion explaining the entire life cycle of Innovation in co-relation to final year project
-Kaushik Akiwatkar
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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
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What is Innovation?
Challenge? Novelty Utility
Application of new ideas to solve problems resulting in benefits to user
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Image: TATA Swach
Solving Problems . . .
Image: Sangaria town of northern Rajasthan
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•Technology/Product
•Process
•Business Model
•Others
Category of Innovation?
•Disruptive
•Incremental
•Lateral
Types of Innovation?
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Two Surprise cases
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Tihar Jail in 1993
In 1993
Filthy and corrupt
Same vessels of cooking and washing cloths
Garbage collection issues
Low literacy
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Tihar Jail in 2011 (Cultural Innovation)
Campus recruitments
Rs. 100 Cr revenue
High literacy rate, IAS and MBAs
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Who can become Innovative
“Any one can” view “Only If” view “DNA” view
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Cycle of Innovation
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8 Steps to Innovation
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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
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2 Loop of idea cycle
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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
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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
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Challenge Book | Invite challenge
Pain Point (Human problems)
Wave (Trend)
Waste (feature not relevant)
Interoperability
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3. Catalyst
David Packard three hat.
Enthusiasm hat
Inquisitor hat
Decision hat
Ajay Bhatt (Co-inventer of USB)
Create internal role models
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Elephant and rider Theory
Passion
Full of fun
Energetic
Pride
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Rider
Needs direction
Goal
Focused
Plan
Guidelines
Framework
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Technology/Product Innovation
Before
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Later
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Latest: 2014 Laptop
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Process Innovation
McDonalds Story
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Change in Menu
Cut down in food items from 35 to 9 which included 2 types of burgers, Fries and 6 Drinks
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New Food delivery system Mechanism
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Business Innovation
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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”
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Just want to say Hi!
facebook: www.facebook.com/kaushikakiwatkar
LinkedIn: https://in.linkedin.com/in/kaushikakiwatkar
+91 - 8866814755
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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