India International Innovation Institute (i4) is engaged in design, development and delivery of research, commercilization & training programs. i4 is a network of partner institutions consisting of universities and healthcare systems. It works with faculty members of these partner institutions in creating & delivering curated programs for participating institutions
MINJU
MINJU (the gray matter) is a venture development platform for global minds from leading universities, healthcare systems and corporations to collaborate on research, commercialization and trainings in a physical and digital settings for new innovations thereby creating pathways for entrepreneurship and employability.
INNOVATIONS
MINJU helps to structure a multidisciplinary program for innovations, considering most of the times innovation is perceived as one of two ends of the spectrum: either as the invention or as the actual product or service. The propriety framework is an innovation process to move an idea to an actual outcome through venture development process of thinking, ideating, innovating, implementing and nurturing . The framework is different from venture funding, which focuses on deployment of capital or accelerator, which focus to incubating a company through a process of fail fast. The process looks at developing an enterprise as a puzzle by bringing various components together through a process of design, development and management to create a successful venture.
VENTURE DEVELOPMENT
| Core idea It is built around research-based intellectual property, market demand or an economic or consumer pain point. The crux is need for a central thesis
| Customer Every business requires customers. Venture development process is to identify, understand and solicit customers, which creates a pathway for scalability
| People People make ideas successful. Venture development process emphasis on organizational development plan to identify strong team members and recruiting them.
| Strategic partners For a new venture every relationship is strategic which can help in the long-term success of the venture.
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| Suppliers In a new venture development suppliers are key stakeholder. The new venture is their customer. This should believe they are creating a important customer, thereby becoming important allies.
| Planning Business plan is the beginning but resource planning and development plans are key to execution.
| Capital It is a chicken and egg story. You need business before you can attract capital and you need capital to build business
| Long Term Acceleration is great, but speed also kills. Venture development is a tortoise strategy where slow and steady wins the race. Long term and sustainability matters
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PATHWAY FOR ENTERPRENUARIAL THINKING LEADS THROUGH INNOVATION & VENTURE DEVELOPMENT
MINJU cultivates the mindset of stakeholders to understand internal needs, capabilities and constraints, while at the same time grasping external factors such as intellectual property protection, investment mechanisms, and legal and regulatory boundaries. Innovation is a lean function but it is diverse and collaborative and require understanding of design, legal, IT, marketing and finance. The innovation and venture development process should also make one understand the risk-reward relationship between the investment of time and resources. That means understanding of objective analytical processes to quickly critique new opportunities and identify possible winners. MINJU platform has application in one-person start-up company, multinational corporations, or nonprofits including universities and health systems.
i4 Lab is engaged in cutting edge RESEARCH to find solutions to some of the pressing problems world is facing today in housing, healthcare, energy, mobility and agriculture by bringing multidisciplinary teams of partner institutions faculty members.
i4 along with its partner institutions faculty members work to create pathway for COMMERCILISATION of research with participating corporates or startup
i4 Classroom brings partner institutions faculty to design & deliver innovative TRAINING programs to participating institution students