Explaining the entire life cycle of Innovation in co-relation to final year project

1. GTU INNOVATION COUNCIL
www.gtuinnovationcouncil.ac.in

2. Interactive discussion explaining
the entire life cycle of Innovation
in co-relation to final year project
-Kaushik Akiwatkar

3. 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

4. What is Innovation?
Challenge? Novelty Utility
Application of new ideas to solve problems resulting in benefits to user

5. Image: TATA Swach
Solving Problems . . .
Image: Sangaria town of
northern Rajasthan

6. •Technology/Product
•Process
•Business Model
•Others
Category of Innovation?
•Disruptive
•Incremental
•Lateral
Types of Innovation?

7. Two Surprise cases

9. Tihar Jail in 1993
In 1993
 Filthy and corrupt
 Same vessels of cooking and
washing cloths
 Garbage collection issues
 Low literacy

10. Tihar Jail in 2011 (Cultural Innovation)
 Campus recruitments
 Rs. 100 Cr revenue
 High literacy rate, IAS and MBAs

11. Who can become Innovative
 “Any one can” view “Only If” view “DNA” view

12. Cycle of
Innovation

13. 8 Steps to Innovation

14. Step 1 – Idea generation
Step2 – Challenge Book
Step 3 – Catalyst
Step 4 – Low cost high
speed experiment
Step 5 – Design a
good speech
Step 6 -
Step 7 and 8

15. 2 Loop of idea cycle

20. 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

21. Step 1 – Idea generation
Step2 – Challenge Book
Step 3 – Catalyst
Step 4 – Low cost high
speed experiment
Step 5 – Design a
good speech
Step 6 -
Step 7 and 8

22. Challenge Book | Invite challenge
 Pain Point (Human problems)
 Wave (Trend)
 Waste (feature not relevant)
 Interoperability

23. 3. Catalyst
 David Packard three hat.
 Enthusiasm hat
 Inquisitor hat
 Decision hat
Ajay Bhatt (Co-inventer of USB)
 Create internal role models

24. Elephant and rider Theory
 Passion
 Full of fun
 Energetic
 Pride

25. Rider
 Needs direction
 Goal
 Focused
 Plan
 Guidelines
 Framework

26. Technology/Product
Innovation
Before

27. Later

28. Latest: 2014 Laptop

29. Process Innovation
McDonalds Story

30. Change in Menu
Cut down in food items from
35 to 9 which included 2 types
of burgers, Fries and 6 Drinks

31. New Food delivery system
Mechanism

32. Business Innovation

33. Thank You for being a great audience
Kaushik Akiwatkar
S4 Development Coordinator
(Innovation & Entrepreneurship)
kaushik@gtu.edu.in
** Above presentation was based on book “8 steps to innovation from jugad to systematic innovation”

34. Just want to say Hi!
facebook: www.facebook.com/kaushikakiwatkar
LinkedIn: https://in.linkedin.com/in/kaushikakiwatkar
+91 - 8866814755

35. Contact Us
Address:
Mr. Kaushik Akiwatkar
S4 Development Coordinator
(Innovation & Entrepreneurship)
kaushik@gtu.edu.in
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