A large number of innovations are being incubated until they become commercially successful and sustainable. But there are many difficulties on the part of innovator to access these incubation facilities. These difficulties arise out of issues pertaining to location, cost, accessibility, etc.
There is a definite need for a portal that would provide innovators with basic guidance for commercializing innovations. We intend to start an online portal that would guide innovators in decision making based on financial ratios and expert views.
Rural
innovators face number of constraints in the incubation model being followed currently. Some are
•Location
of incubators
•Language
barriers
•Not
available round the clock for guidance
•Not
available on the go for guidance
•Business
plans submitted to the innovators are rigid based on projections and hence not
of much help when environment changes
There is a definite need for a portal that would provide innovators with basic guidance for commercializing innovations. We intend to start an online portal that would guide innovators in decision making based on financial ratios and expert views.
The plan
- contact and sign agreements with fund providers who would be funding the innovators based on the commercial viability of the project proposed by the customer.
- sign contracts for preferential supply with suppliers and vendors.
- take help from organizations that have great deal of experience in incubating innovations.
- serve as a platform for bringing innovators and entrepreneurs together in case innovators prefer to commercialize the innovations through technology transfers.
This
online platform will render basic guidance through internet and phone (sms)
•Compare
financial ratios against industry standards
•Create
a network of innovators
•Prepare
business plans on request
•Compile
a database and help innovators based on analysis of the same
Team : Francis Xavier M, P R Srikanth, Sai Ram Reddy Pulusu
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