Hindustan Times (Delhi) - HT Education - - Front Page -

First of all, you need to build a model of the in­no­va­tive idea so that it will ex­plain how your con­cept can be trans­formed through tech­nol­ogy into a us­able prod­uct.

the next step, you need to in­den­tify whether your in­no­va­tion re­quires in­puts from ex­perts of var­i­ous tech­nolo­gies. You have to part­ner with such peo­ple.

also need to pre­pare a busi­ness plan around the idea. You can ap­proach bod­ies like FITT at IIT Delhi which en­cour­age peo­ple to for­mu­late a vi­able busi­ness plan.

next step is to ap­proach an an­gel in­vestor or busi­ness in­cu­ba­tors. The ad­van­tage of ap­proach­ing FIIT is that the ex­perts screen the pro­pos­als and help you find a place in an in­cu­ba­tion cen­tre.

in­cu­ba­tion cen­tre pro­vides op­por­tu­ni­ties for an early as­sess­ment of in­no­va­tive tech­nolo­gies by iden­ti­fy­ing their mar­ket po­ten­tial and pro­vides the re­quired sup­port (mar­ket­ing, op­er­a­tional and fi­nan­cial sup­port). It fa­cil­i­tates com­mer­cial­i­sa­tion by pro­vid­ing an op­por­tu­nity for in­di­vid­u­als who have de­vel­oped in­no­va­tive prod­ucts/pro­to­types and are not in a po­si­tion to take it to the mar­ket on their own and are will­ing to trans­fer the tech­nol­ogy.


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