6. Social Innovation Commercial Innovation Welfare Self esteem
driven Lifestyle is key IP/Patent is not key Pull Innovation Not
for profit Industry Technology driven RoI is key IP is a goal Push
Innovation For profit
8. Where are you India ? INTERNET Timothy B Lee CELL PHONE
Martin Cooper
9. Patents
10. What is missing? Skill Habit That you can learn, practice
it to perfection That you keep repeating, Even unconsciously
11. Where am I
12. I don't believe there is such a thing as a non-innovative
person. Everyone is innovative somewhere in his or her life. -
Anonymous
13. Innovation is for Children ??
14. Business Process Idea YOU as Intra-preneur Idea
15. YOU as Entrepreneur Business Plan IdeaIdea
16. Your Innovation Products & Services Process Business
model None of your business Everything else Faster, Better, Cheaper
Fast food delivery Value Chain, Eco-system - Wal-Mart, Dell
Finance, Billing, Customer service Payment gateway, ATM Features,
New applications, New products, New services Glass staircase
Examples Ipad, Appstore, Opensource
17. Idea Solutions & Decision making Selling your
innovation ARTIST SCIENTIST INDUSTRIALIST
18. How to Spot Innovative opportunity?
19. What is your Experience of a Auto ? Why 3 wheels Why they
squeeze in Congested traffic Radius of turning Camera Tripod allows
the most precise moments to be captured and that too sharply
Unpredictable movements
20. PROBLEM FRAMING TRENDS FIX GAPS How to start Identify a
valuable Problem Sony Walkman ?
21. Bitter medicine Mosquito repellant Ganesha around the world
Chotakool Problems are everywhere if you want to see it PROBLEM
FRAMING
22. Face-book vs. Orkut Nokia and dual sim Kodak and Digital
Camera Ambassador, Premier Padmini Vs Hyundai, Toyota Stitched vs
Ready made clothing Desktop versus Tablet, Notebook computers
Landline versus mobile TRENDS
23. McKinsey Global Institute - TrendsMobile Internet Knowledge
work Automation Internet of things Cloud Technology Advanced
Robotics Autonomous vehicles Next-gen Genomics Energy Storage 3D
Printing Advanced Materials Advanced oil & gas explorations /
recovery Renewable energy
24. Gatorade sports drink 24 hour day care Big size clothing
Tata Nano FIX GAPS
25. Traits of a Innovator? EXPERIMENT OBSERVE (analogy) HARD
WORK Find other uses For existing thing
26. 10,000 + experiments Edison 51 attempts of angry birds
5200+ prototypes of Vacuum cleaner Sachin Tendulkar Sprint runners
on sand Rocky First Flight of 6 minutes EXPERIMENT HARD WORK
27. 3m Coating Post it notes Microwave oven Velcro Penicillin
Alexander Fleming OBSERVE (analogy)
28. Habits of a Innovator? PASSION READ-READ- READ MORE
INTUITION FACE FAILURE LOG BOOK
29. PROBLEM section IDEA section LOG BOOK
30. INSIGHT / RESEARCH PSEUDO- EXPERIENCE READ-READ- READ
MORE
31. 91 year old masters Left school at 14 Dr Devi Shetty's
Bangalore-based Narayana Hrudayalaya hospital performs more heart
operations a day than Singapore and Malaysia together. MRF Pace
Bowler? Make cartoons Make people happy ! Passion Passion Passion
PASSION
32. How do you develop intuition ? Contemplate solitude Newton
Fall of apple Archimedes Gold in crownAadi kavya.. INTUITION
33. FACE FAILURE
34. People see RESULTS and not the STRUGGLE
35. BORED ?
36. Seat for standing
37. Creative problem solving is looking at the same thing as
everyone else and thinking something different. Nobel prize winner,
Albert Szent-Gyorgi
38. Who gives ideas at work YOU caniff .. YOUR IDEA change the
way people LIVE or WORK Arthur Rock, star investor Intel, Apple,
Teledyne, more
39. What is Product or Service Product Tangible Generalized How
customer decides Manufacturing to dealer shop Product marketing
Innovation based on technology Service Intangible Personalized How
customer decides Manufacturing to customer service Service
marketing Innovation based on experienceRice, Sugar Bank, SaloonCar
& service
40. Opportunity identification Idea Or Solution PRODUCT SERVICE
Solves New Problem Solves Current Problem PATENT Timely Attractive
Durable Available
41. Opportunity identification PRODUCT SERVICE Timely
Attractive Durable Available
42. So Whattest People dont buy WHAT you do People buy WHY you
do
43. Myth-1 Entrepreneurs are born, not made Experience Learning
Pursuing an opportunity
44. Innovation is NOT about ideas only Innovation is NOT about
Technology Innovation is about meeting needs & Innovation is
about creating Businesses Entrepreneurship
45. Formal Degree matters ? Ratan Tata BS Architecture (62) /
Adv Mgmnt Prog Harvard (75) Mukesh Ambani BE Chemical, 1 yr (of 2)
MBA Stanford Anil Ambani MBA Deepak Parekh (HDFC) CA Kumar Mangalam
Birla CA. MBA Narayana Murthy BE(univ of Mysore), Mtech
46. Time Market Size
47. Opportunity marketFinancial Organizational Product /
Service ?
48. Hype Cycle for Consumer Devices
49. Myth-2 Anyone can start a business Planning Luck
Perseverance 1 in 10/20 survive 5 years period for capital
gains
50. How they started HP Motorola Sony Ex. Walkman Bowling foul
line indicator Telescope clock Drive Urinal Auto flush Shock to
lose weight! Had no idea Made Rice cooker ! Failed Struggling
battery eliminator repair biz P&G Soap and candle maker
51. Myth-3 Entrepreneurs are gamblers Take risks - Calculated
risks
52. Value chain analysis Inbound Operations Outbound Sales
& Marketing Secondary / Support Profit feedback
53. Myth-4 Entrepreneurs wants all for themselves Team needed
to grow big
54. Boxing INVENTOR Entre/intra Preneur PromoterManager High
Low High Low Creativity & Innovation GM skills, Biz Know-How,
Networking Time telling Vs. Clock building Built to last
55. Myth-5 Entrepreneurs work longer than managers at firms
Mixed evidence
56. Myth-6 Money is the most important ingredient One of the
least important ingredient
57. Myth-7 Entrepreneurs should be young and energetic Age is
no barrier 30s to 60s
58. How late is late KFC Colonel Sanders was started at 65
Steve built his first computer at 10 Ramanujam Own theorems by 12
Edison Printer as a kid
59. Myth-8 Entrepreneurs seek power and control Sense of
accomplishment
60. Opportunity & Idea or Case build-up Decision Making
Solution generation PoC / Patent Validation Idea Selling Movie 127
hours EXIT Time Difficulty per step ~ F(energy already spent) Dont
get emotionally attached Valuable problem? Valuable Solution?
61. Timmons model Opportunity Resources Team
62. Myth-9 Talent is enough; success will follow in a year or
two What else is more common Maxim amongst VC Lemon ripen in 2/2.5
years Pearls need 7/8 years
63. Myth-10 Any good idea will get money in Only 1 to 3 in 100
are funded
64. Business Plan Sense of Excitement Along with facts and
figures - anticipation and excitement of the possibilities that
surround a new venture
65. Myth-11 Good entrepreneurs need a good SAT, GMAT etc
Innovation, creativity, decision making Integrity, leadership, team
building, networking
66. IQ /SAT /CAT what not MBA Harvard Alumni was studied for 25
years So called TOP in class were found successful & NOT
successful in life So called BOTTOM were very very successful So
called MIDDLE all cases
67. Closing
68. Read unrelated stuff ! Read Related stuff ! Online Idea
contests Keep yourself challenged Draw your ideas; Think Visually
Be Positive Physically active Laugh a Lot Watch Tom & Jerry
Find and Be YOURSELF
69. Imagination is more important than knowledge. For while
knowledge defines all we currently know and understand, imagination
points to all we might yet discover and create - Albert
Einstein
70. Its a life skill part of U Its exciting - creation Its
satisfying - growth Innovation
71. PROBLEM SOLVING TRENDS FIX GAPS EXPERIMENT OBSERVE
(analogy) HARD WORK PASSION READ-READ- READ MORE INTUITION FACE
FAILURE LOG BOOK YOU & iQ DO THINK BEHAVE
72. The start How many of you see yourself as a Innovative
entrepreneur ?
73. Thanks for your time & Giving me this opportunity