Innomantra - Global Minds Network : Collaborative Continuum
Imagine :The Greatest Challenge for Technology Innovators
1. imagine Your Inno-IP magazine July 2010
Www. Innomantra.com
The Greatest Challenge for Technology Innovators
experienced guides, perseverance and most importantly
How to evolve good ideas into valuable
a clear vision of the summit. There are many barriers
innovations? that prevent us from realizing the true value from our
ideas.
The First Anniversary issue of MIT’s Technology
Review, Indian Edition (July) carries a list of grand We face a real challenge in evolving our ideas into
challenges for technologists in India. The timing of this innovations. However, it is very important that we take
extensive study is very appropriate. We could look at our ideas successfully to the market “For it doesn’t
this list as an ensemble of problems that challenges the matter where scientific discoveries and breakthrough
most innovative of the technology minds or as a technologies originate – for national prosperity, the
bouquet of opportunities to improve the quality of living important thing is who commercializes them”, said Amar
of the poorest of the poor or as a bunch of keys that Bhide (Where Innovation creates value, The McKinsey
open up a sustainable future for our children’s children Quarterly, 2009). Let us look at the factors that help a
– it is equally exciting from any of these perspectives. technical idea to reach the market. At the outset, we
This list is a compass that will help us to direct our need to incubate our ideas till they grow into healthy
efforts towards the important technology problems. I inventions. A fresh technical idea is as delicate as a new
am fully confident that we, the technology community, born baby and it needs care and private space during its
are ready with the insights to address each of these early days. Next, we have to harness the inventions with
problems. When we as a community share our insights, the right strategy to create valuable intellectual
pool our resources and further build upon the insights property. The intellectual protection of the invention
through focused ideation, we will get good ideas. We acts like a fence and allows it to grow and blossom into a
are all trained to solve such technology problems and strong technology solution. We should learn to
we routinely come up with good ideas, hence the effectively monetize our intellectual property to create
journey so far is on well laid roads and smooth terrain. affordable technology solutions. Finally we need to
How do we take our ideas beyond this point? The trek creatively translate the technology solutions into
beyond this point is on a difficult terrain, dense fog that innovations that succeed in the market. We need to
blinds us, very less oxygen that make us gasp, slippery evolve a process that will ensure that the ideas we
slopes that slow us down, unpredictable avalanches that pursue lead to technology solutions that are truly
threaten our lives, Yetis and whatnot. We need desirable, technically feasible and economically viable.
determination, guts, special gear, reserve oxygen,
What is the challenge? the poor conversion of
good ideas into truly valuable innovation. The
fundamental issues behind this challenge are -
1|Page