I n n o v a t i o nhttp://jyoti.tandukar.net/innovation

2

Which House will you Build?

BE - IV

BE - III

BE - II

BE - I

MSc - I

MSc - II

Too much of Foundation

Academic World

Business and Industries

OJTEmployment

Business Mind

Feasible Business

Current State

Desired State

derivations

calculations

expressions circuits

working principles

drawings

theorems laws

explanations

proof

Exam

subject fundamentals

presentation

report writing

following instructions

punctuality

organizing

internet searching

dreaming

Career

logical analysis

lateral thinking

Commu-nication

decision making

adjusting

planning

Cooking accounting

technology basics

Decorating

Cleaning

fixing utilities

Life

These successes happened because somebody thought about a change and/or somebody thought about using the same technology differently.

Have you ever noticed how do different people use the same technology differently?

How much of time do you spend everyday thinking about changes?

?$400M from Jul 1996 to Dec 1997

$1.65B from Feb 2005 to Nov 2006

Wii

2006 Q4

2007 Q1

2007 Q2

2007 Q3

2007 Q4

2008 Q1

2008 Q2

2008 Q3

2008 Q4

2009 Q1

2009 Q2

2009 Q3

2009 Q4

2010 Q1

0

10

20

30

40

50

60

70

80

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M U

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s =

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om N

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What thoughts do

you have?

Do you love to use

technology? Do you think

beyond what is

available?

Have you ever wished

you never had to

eat/sleep?

Have you ever wished

you had clothes that would never get dirty or wrinkled?

Some Advice

Number One vs. the Only One – know the difference.

Think of impact and value, not just money making.

“Interdisciplinary” inventions are most important.

For small inventors like us, the focus should be on “niche” where big corporate groups don’t dominate, and doesn’t require large investments.

Profitable Market

Business is imitated

Unhealthy competition

Prices come down

Fittest survive

Not profitable as before

Listen to people around you for ideas.

Any Product

Minor

changes

Innovation

Think of derivatives of

technology you are already using.

Common problem requiring a solution may embed an opportunity for invention in it.

You have a better chance of expanding your knowledge

and improving your solution rather than getting your idea

stolen when you discuss it with people.

A product is made successful by the

people who use it.

Supporting Material for Ideas

The Idea Template

21st Century Innovation Needs Google Idea Contest 7 Innovations that will change your life

5 Member Team Formation

Participatory debates and discussions Internet based research Presentations of ideas and plans Rapid application development and

prototyping Proposal and report writing

Technology Update

Technology update See these videos on Microsoft Technologies See this video on custom use of wiimote See this TED video on exciting technologies

Submit one idea based on the template and discuss it in the next session.