AN INNOVATION COMPETITION WITH CALIBRATED PROCESSES
'Discover STARS' is an initiative by the Indian Institute of Management, Ahmedabad implemented in partnership with reputed technical institutes and coordinated by IIMA's Centre for Innovation, Incubation and Entrepreneurship (CIIE) to support the national innovation eco-system.
Focus area: ICT sector
Program outline
The activities spread over several months involve active mentoring of participating student teams by CIIE team led by Dr A.S.Rao, (Former Adviser, DSIR) and mentors from Mentor Edge.
Stage 1: IP mapping
With a maximum of four students per team , the student teams from invited technical institutes are required to register for DISCOVER STARS by 4th January 2011 with details of team members.
Out of these, the teams which get selected will map the IP (Intellectual Property) of their institute residing in faculty research/ faculty innovations/ student innovations/ patents of faculty/ patents of students/ technologies on offer from the institute and technology licensed by the institute. Where there is more than one team from the institutes, the teams can carry out this mapping collectively.
The IP mapped will be made public on a web site hosted by CIIE with support from Department of Science and Technology, Government of India.
CIIE will support the students in carrying out the activity by providing them online access to tutorials/ cases and other reading material.
Stage 2: Technology assessment
Each team would select four ` IP of promise' from out of basket of IPs mapped by them and assess technology potential and market attractiveness for each of the IP. And IP selected for assessment by different teams of the same institute need not be mutually exclusive.
CIIE will support the students in carrying out the activity by providing them online access to tutorials/ cases and other reading material.
Stage 3: Innovation planning
Based on assessment, each team would now select two out of the four IPs and prepare road map for them to emerge as Innovations with significant revenue potential.
CIIE will support the students in carrying out the activity by providing them online access to tutorials/ cases and other reading material.
Stage 4: Scenario writing
Each team would now zero one `Innovation of promise' and prepare Scenario 2015 for business based on that innovation.
CIIE will support the students in carrying out the activity by providing them online access to tutorials/ cases and other reading material.
Cash award
The best team from all participating technical institutes would be awarded cash prize of Rupees Two Lakhs.
Support to participating technical institutes
CIIE-IIMA will assist the institute in drafting/ refining IP policy, Research Strategy, licensing, incubation etc as identified by the Director of the institute.
Support to the STARS
CIIE-IIMA in association with government funding agencies, risk capital investors and business leaders will prepare customized plans for the STARS to realize their full potential. The STARS shall also be awarded a participation Certificate for each stage.
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Disclaimer: The decision on distribution of the cash award between the participants lies with CIIE and the Discover Stars Committee.