InnC Presentation - 21st Apr

8/6/2019 InnC Presentation - 21st Apr

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Innovation Our Approach

Innovation council presentation

Praj Matrix 2ndAnniversary


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Need for Innovation

Copyright 2009 PRAJ

Praj Proprietary and Confidential2

For competitive advantage

Cost cutting is not enough any more

Higher business revenue

To improve disappointing performances

To take advantage of the opportunity

Further flow of innovation

For better returns

For business survivalLorraine Yapps Cohen

WHY ?

Examples are galore

The world is

changing very fast.

Innovation is key to

survival. Big will not

beat small anymore.

It will be the fast

beating the slow.

Rupert Murdoch,


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Need for Innovation council

Copyright 2009 PRAJ


Less Individual recognition.

Less scope for working on new

opportunities

Fear & Inhibition

No clarity on new Idea Sharing

Conviction for Praj Matrix and

Praj

Observation Action Encouragement & Recognition

Transforming and interactive

sessions

Accept Failures

System for Sharing & Generating

new ideas

Form a committee

Recognition to Idea generator

Develop a process for taking uprisks

INNOVATION COUNCILINNOVATION COUNCIL


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The Innovation council

Copyright 2009 PRAJ


Definition of an Idea what constitutes an idea?

Create mechanisms for New Idea Generation

Existing Programs

New Programs

Non-Technology areas

Create tools, processes and systems

For recording new ideas

For evaluating new ideas (frequency, criteria)

For closure on new ideas (actions, additional work)

For communication with idea generators

Develop options for Reward and Recognition Metrics

Number of ideas generated, Number of ideas converted Impact of ideas Time allocation for new ideas

Council charter


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The Innovation council - Team

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Team Members

Santosh Vyas

Nilesh Kulkarni

Vijayanand Adapa

Mangesh Kulkarni

Satyendra Joshi

Ashvini Shete

Nilesh Pandit

Sonal Tyagi

Criteria for Team members Represent several COEs

Represent different levels of experience


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The Methodology - Ideation

Copyright 2009 PRAJ


INPUT OUTPUT Many

Crazy

Stupid

Bad

Random

Few

New

Different

Good

Out-of-the-box

IDEATION

Ideation is a formal,

structured process

IDEATION A process of generating, developing, and

communicating new ideas, where an idea is understood as

a basic element of thought that can be either visual,

concrete, or abstract


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The Methodology Idea sources

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The Popular andeffective

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Most Effective source Voice ofCustomer

Customer Visits

Customer feedback

Customer need

Other techniques Data Mining

Peripheral vision

Disruptive

technologies

Open Innovation

Idea contest

Spin offs

Scientific community

OUTOUT ININ

ININ OUTOUT


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Ideation Mechanism

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Planning

Preparation

Ideation Event

Post Processing

Stage Gate Process

How will we conduct

event?

Who is doing what

with what?

Do it!

Make outputs

actionable

Turn ideas

into reality

We usually focus

on the Ideation

Event,

And forget

about planning

and follow-

through

Project Proposals


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Innovation Praj perspective

Copyright 2009 PRAJ


Innovation at Praj Innovative Yeast Strain (GRX)

Flubex

Heat and System Engineering &

Integration

Frugal Engineering

Some patented

Has been Sporadic

Doesnt have a structured

Innovation system in place

Crude systems exist but not

followed

Rules are made for fools

A council which will address the

above lacunae

Dr Mashelkar comments on todays Innovation

I in Innovation stands for IMITATION

I in Innovation stands for INHIBITION

Instead

I in Innovation should stand for INDIA, INDUSTRY,

INSTITUTION & INDIVIDUALS

Need for

Council

Jugaad Technology / ReverseEngineering

Shows that we have brains

Do Not for Individualistic benefits

Have conviction towards Nation andSociety


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Innovation Our Approach

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Idea SourcingIdea Sourcing

BroadcastBroadcast

Idea Capture & PropositionIdea Capture & Proposition

EvaluationEvaluation SelectionSelection

RecognitionRecognition

ImplementationImplementation


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Idea Sourcing

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Conferences

Visitors

Targeted

Brainstorming

TargetedMarket

Research

Literature

BusinessDevelopment

COELeaders

IDEA

OpenInnovation

OUTOUT ININ ININ OUTOUT

CustomerDay

CustomerConnectivity

ConsultantsTradeShows

Peripheral

Thinking

DisruptiveTechnology

Idea

Contests

ScientificCommunity


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Idea source Data mining

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Literature Data Mining

Library

Internet

Books

Magazines

ConferenceProceedings

Journals

Patents

News

TechnologyTrends

TechnologyUpdates

New

Products

NewIdeas

NewApplications

White space

SensitivityAnalysis

COE

IP Cell

KP Cell

KPO

MonthlySynopsis

List of Patents& Publications

Patent Mapping

Targeted Data

Profiling &

Landscaping

MatrixReporter

White spaceReport

TargetedResearch

Report


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Source Event management

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Events Calendar

APR MAY JUN JUL AUG SEP OCT NOV DEC JAN FEB

Launching

Sensitization

COE Scope

Invited Guest

Business Dev

COE Talks

Market

Research

CTO Talk

Brainstorming

Poster

Visited Guest

Customer Day


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Broadcasting

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EVENTS LITERATURE

FeedbackForm

InnCouncilReport

InnCouncilSynopsis

COESynopsis

AbstractList

Market ResearchReport

MatrixScience

Reporter

All EmployeeMeeting

ProblemPost

Platform


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Capture & Propose

Copyright 2009 PRAJ


EVENTS LITERATURE

FeedbackForm

InnCouncilReport

InnCouncilSynopsis

COESynopsis

AbstractList

Market ResearchReport

MatrixScience

Reporter

All EmployeeMeeting

ProblemPost

Platform

InnovationDisclosure Form

IdeaSharing Form


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Four Cs for Innovation

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IDEA

QUALIFICATION

CAPTURE

PROCESS

EVALUATION

FEEDBACK

RECOGNITION

IMPLEMENT

Conference Visitors Brainstorm Market

ResearchBDN Literature COE

Inn Council

Report / Synopsis

COE

Synopsis

Market Res

Reports

Abstract

List

Matrix

Science

Reporter

All

Employee

Meet

Inn Coun

Platform

ChaosChaos

CreativityCreativity

ConnectivityConnectivity

CommercializationCommercialization


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Role of Innovation Council

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Guidelines for Each & Every step

Sensitization of people

Ideation mechanism

Managing the Events

Maintain confidentiality

Supporting the Idea generator

Intermediary role between Ideator & Evaluator

FACILITATORFACILITATOR


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And to Conclude

Copyright 2009 PRAJ


Lets pledge

Think it, dream it and Live it.Think it, dream it and Live it.

Innovation will followInnovation will followShankar MVShankar MV

Yours truly

Ashwini, Sonal, Nilesh K, Santosh, Vijay, Mangesh, Nilesh P, Satyendra,Ashwini, Sonal, Nilesh K, Santosh, Vijay, Mangesh, Nilesh P, Satyendra,


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Creativity @ itsbest

Copyright 2009 PRAJ


Your Inputs & SuggestionsYour Inputs & Suggestions

InnC Presentation - 21st Apr

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