Yukti

1. YUKTI Innovation Challenge 2023
Guideline Documents for the Assignments (1-5) for Participants for
Submission.
Assignment Formats and Reference Slides are Provided in the PPT.
Note: Based on timely submission of above assignments successfully in the YUKTI portal by
innovators and after a round of review by experts.
2nd round list of innovations will be developed for further handholding and mentoring
support from MoE’s Innovation Cell and AICTE

2. Assignment 1: Problem Framing/Statement Canvas
Preparation and Submission of a Problem Statement Canvas
Sheet for Validation of your Idea/Prototype/Innovation
Find few Sample Problem Statement/Framing Canvas copy for Reference and
Blank Formats for Fill up and Upload of the same (jpg or pdf) in the YUKTI
Portal.
Please refer the example and format of Problem Statement Canvas provided at
https://www.metabeta.com/blog/process/problem-statement-canvas/. Alternatively can refer the Problem Framing
Canvas at https://miro.com/miroverse/problem-framing-canvas-1/

3. Sample Example of Problem Statement Canvas for Startups and Innovation Teams
“People have a huge problem with traffic in São Paulo. We’re going to build the leading ridesharing app for them.”

4. Who is your Customer Segment:
Idea/Innovation Title:
Prepared By:
Problem Statement Canvas YUKTI Proto ID:
Date of Submission:
Contact No:
Your Answer: Your Answer: Your Answer:
Your Answer:
Your Answer:
Your Answer:
Your Answer:

5. Please refer the example and format of Problem Framing Canvas provided at
https://miro.com/miroverse/problem-framing-canvas-1/

6. Please refer the example and format of Problem Framing Canvas provided at
https://miro.com/miroverse/problem-framing-canvas-1/

7. Assignment 2: Empathy Map/Opportunity Canvas
Preparation and Submission of an Empathy Map/
Opportunity Canvas Sheet for Validation of your
Prototype/Innovation
Find few Sample empathy canvas copy for Reference and a Blank Format for
Fill up and Upload of the same (jpg or pdf) in the YUKTI Portal.
Complete Guidance of Preparing Empathy Canvas with Templet Available at https://miro.com/miroverse/empathy-map-canvas-1/
Opportunity Canvas at

8. Complete Guidance of Preparing Empathy Canvas with Templet Available at https://miro.com/miroverse/empathy-map-canvas-1/

10. Your Answer:
Your Answer:
Who is your Customer Segment: Idea/Innovation Title:
YUKTI Proto ID:
Designed By: Date of Submission:
Your Answer: Your Answer:
Your Answer:
Your Answer:
Your Answer:
Your Answer:
Your Answer:

11. Assignment 3: Business Model Canvas
Preparation and Submission of an Business Model Canvas Sheet for
Business Opportunity Validation your Prototype/Innovation
Find few Sample Business Model Validation copy for Reference and a Blank
Framework for Fill up and Upload of the same (jpg or pdf) in the YUKTI Portal.

15. Key Partners Key Activities Value Propositions Customer Relationships Customer Segments
Channels
Key Resources
Cost Structure Revenue Streams
Identify your company’s key
partners. This can consist of
important suppliers in your
supply chain. What key
resources does the company
receive from these partners?
What key activities are
performed by these partners?
Think about why your
company works with these key
partners and the motivations
behind them.
Identify the core value the
company provides to
customers. What exactly is the
company trying to give to
customers? What problem is
your company trying to solve
and what needs are your
company satisfying? How do
you offer something different
that satisfies the demands of
your customer segments (e.g.
price, quality, design, status)?
Identify who is your value
proposition targets. Who are you
creating value for? Who are your
most important customers? What
are they like? What do they need?
What do they enjoy? What is the
customer market like? Are you
targeting a small niche
community or a mass market?
What type of relationship do you
have with your customers? How
do you interact with customers
and how does this differ amongst
customer segments? Do you
communicate frequently with your
customers? How much support
does your company provide?
How do you deliver your value
proposition? How do you reach
your customer segments? What
channels are used? Consider your
supply, distribution, marketing,
and communication channels. Are
they well-integrated and cost
efficient? Are they utilized
effectively?
What specific key resources or assets
are necessary to deliver your value
proposition? Consider what resources
your distribution channels and
revenue streams may require to
function. Additionally, think about
what resources are needed to maintain
customer relationships. Does your
company require a lot of capital or
human resources?
What specific key activities are
necessary to deliver your value
proposition? What activities set
your company apart from others?
Consider how your company’s
unique differences in its revenue
streams, distribution channels,
or customer relationships. Do
you need to procure specific niche
resources? Do you need to
streamline to keep costs and
prices low?
Identify the key costs in your company’s business model. What are the
major drivers of costs? How do your key activities and key resources
contribute to the cost structure? How do your costs relate to your revenue
streams? Are you properly utilizing economies of scale? What proportion of
costs are fixed and variable? Is your company focused on cost optimization
or value?
Identify the ways your value proposition generates money for your business. Does your
company have multiple methods of generating revenue? What is the pricing strategy for
the products offered by your company? Through what channels do your customers pay?
Does your company offer multiple forms of payment?
Business Model Canvas (BMC)
1
7
9
6
8
2
3
4
5

16. Key partnerships
Who are our key partners?
7 Key activities
What things do you do to deliver your value proposition?
Resources
What assets do you need to make it a reality?
Business Model Canvas
Date:
8
6
Cost structure
What are the most important and expensive resources that you’re going to have to pay for?
9 Revenue streams
How do you actually make money to sustain your business?
5
Customer relationships
How do you find customers, keep them and grow user base?
4
Channels
How does your product or service get to your customer?
3
Value proposition
What problem or need are you solving for?
2 Customer segments
Who are your customers? What are the different groupings?
1
16
Idea/Innovation Title: YUKTI Proto ID:

17. Business Model Canvas Vs Opportunity Canvas
Opportunity canvas
• For businesses choosing
between different products or
opportunities within a portfolio,
ideally to deliver a strategic
outcome
Business model canvas
• For start-ups, new businesses
• For conglomerates considering
options for diversification and
other businesses to build
• For businesses exploring new
revenue models
17

18. Users & Customers
Who faces which challenge?
2 Problems and background
The broad issue and history to gain context.
Solutions today
What work-arounds do people put in place currently?
Opportunity Canvas
Date:
1
3
Business challenges
If we don’t solve these problems for users, will it hurt the business?
4 Business value
What performance indicators will be affected by the change? Think how user measures roll up in to higher level strategic outcomes.
9
How will users use it?
Get practical and challenge yourself on solution usability.
6
Change and risk mitigation
As rate of change increases, how will you mitigate risk?
8
Solution ideas
List multiple ways you can solve problems for your users.
5 User success metrics
Lead indicators to help you validate product performance.
7
Cost structure
What will it cost to do it and what are the assumptions?
10
Idea/Innovation Title: YUKTI Proto ID:

19. Assignment 4: Upload a Short maximum 3 minutes Video of your
Prototype/ Innovation and a Recent Image of your product/Innovation.
Place at least two –three recent images of your
product/innovation
&
Place the URL of maximum 3 minutes video on
your product/innovation. Refer Video preparation
guideline
Note:
1. If video contains the IP component then video may be uploaded in the google drive and access
shall be given to yukti@aicte-india.org
2. Due to ease of accessibility, the video may be uploaded on YouTube and video link should be
provided.
3. Only provide video URL/Link and no video should be sent in email to MIC

20. Assignment 5: Upload a Brief Presentation highlighting Problem, Solution and
Value propositions and Business opportunity of your Prototype/Innovation.
(blank ppt format provided)
Note:
1. If video contains the IP component then video may be uploaded in the google drive and access
shall be given to iic.mhrd@aicte-india.org and …………….
2. Due to ease of accessibility, the video may be uploaded on YouTube and video link should be
provided.
3. Only provide video URL/Link and no video should be sent in email to MIC