IIMA-CIIE,AN INNOVATION COMPETITION WITH CALIBRATED PROCESSES
Indian Institute of Management, celebrating 50 years of service to the nation has taken several new initiatives to support the national innovation eco-system. `Discover STARS’ is one such initiative implemented in partnership with reputed technical institutes and coordinated by IIMA’s Centre for Innovation, Incubation and Entrepreneurship (CIIE).
Focus area: ICT sector
Program outline
The activities spread over several months involve active mentoring of participating student teams by CIIE team led by Dr A.S.Rao, (Former Adviser, DSIR) and mentors from Mentor Edge.
Stage 1: IP mapping (January 7 to February 21, 2011)
The student teams (max four students per team) from invited technical institutes register by 31st December 2010 with details of team members.
The selected teams will map the IP (Intellectual Property) of their institute residing in faculty research/ faculty innovations/ student innovations/ patents of faculty/ patents of students/ technologies on offer from the institute and technology licensed by the institute. Where there is more than one team from the institutes, the teams can carry out this mapping collectively.
The IP mapped will be made public on a web site hosted by CIIE with support from Department of Science and Technology, Government of India. Director of the institute will decide on the contents to be made public in accordance with institute IP policy.
CIIE will support the students in carrying out the activity by providing them online access to tutorials/ cases and other reading material.
All the participating students will receive `Certificate in IP mapping’ from CIIE-IIMA.
Stage 2: Technology assessment (May 15 to June 30, 2011)
Each team would select four ` IP of promise’ from out of basket of IPs mapped by them and assess technology potential and market attractiveness for each of the IP. And IP selected for assessment by different teams of the same institute need not be mutually exclusive.
For assessment, IPs in same technology arena could be bundled and considered as one.
CIIE will support the students in carrying out the activity by providing them online access to tutorials/ cases and other reading material.
All the participating students will receive `Certificate in Technology assessment’ from CIIE-IIMA.
Stage 3: Innovation planning (August 15 to September 30, 2011)
Based on assessment, each team would now select two out of the four IPs and prepare road map for them to emerge as Innovations with significant revenue potential.
CIIE will support the students in carrying out the activity by providing them online access to tutorials/ cases and other reading material.
All the participating students will receive `Certificate in Innovation planning’ from CIIE-IIMA.
Stage 4: Scenario writing (October 15 to November 30, 2011)
Each team would now zero one `Innovation of promise’ and prepare Scenario 2015 for business based on that innovation.
CIIE will support the students in carrying out the activity by providing them online access to tutorials/ cases and other reading material.
All the participating students will receive `Certificate in Scenario writing’ from CIIE-IIMA.
Cash award
The best team from all participating technical institutes would be awarded cash prize of Rupees two lakhs.
Support to participating technical institutes
CIIE-IIMA will assist the institute in drafting/ refining IP policy, Research Strategy, licensing, incubation etc as identified by the Director of the institute.
Support to the STARS
CIIE-IIMA in association with government funding agencies, risk capital investors and business leaders will prepare customized plans for the STARS to realize their full potential.
