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)

[email protected]

** Above presentation was based on book “8 steps to innovation from jugad to systematic innovation”

Just want to say Hi!

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Contact Us

Address:

Mr. Kaushik Akiwatkar

S4 Development Coordinator

(Innovation & Entrepreneurship)

[email protected]

126, ACPC Building,

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Navrangpura, Ahmedabad - 380 015

079-2630 0499, 079-2630 0599

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