Innovation Indo US Endowment

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Innovation Indo US Endowment

  1. 1. Invention & Innovation created for :INDO – US Science & Technology Cooperation<br />1<br />
  2. 2. 2<br />Invention: Creation of a new idea or process can be carried out everywhere without an intent of commercialization <br />
  3. 3. Innovation : <br />Arranging the economic requirements for implementing an invention The commercialization of a new idea and process <br />3<br />
  4. 4. 4<br />Diffusion : Adoption and imitation<br />
  5. 5. Innovation Vs Invention <br />Innovation is adaptation of an existing invention , idea or process for the process of commercialization <br />Can somethings be innovative but not commercially sucessful<br />Innovation = Invention + Adaptation to the market + Diffusion <br />5<br />
  6. 6. Can something be innovative but not commercially successful <br />6<br />
  7. 7. Technology & Innovation <br />7<br />The Mainstream Market<br />The Early Market<br />The Chasm<br />Technology Enthusiasts<br />Visionaries<br />Pragmatists <br />Conservatives <br />Skeptics <br />
  8. 8. Innovations need optimization <br />8<br />
  9. 9. 9<br />
  10. 10. Visit us at:<br />http://www.indousstf.org/US-India-Endowment-Board.html<br />10<br />

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