1. Program Design:
Designing and structuring various programs, including hackathons, workshops, challenge competitions, and idea competitions, to foster innovation and engage participants effectively. This includes defining program objectives, creating engaging content, and establishing evaluation criteria.
2. Process Optimization:
INNOeVERSITY streamlines processes such as the incubation program admission process, pre-incubation program execution (Idea Resonator and Accelerator), and incubation program management (Start-Up Accelerator and Investor Meet). This includes developing clear guidelines, optimizing workflows, and implementing digital tools for efficient management.
3. Graduation Support:
INNOeVERSITY provides comprehensive support for startups during and after graduation, including due diligence, term sheet negotiation, and post-graduation growth support through PSSD and on-demand mentoring services. This ensures startups have the resources and guidance needed to succeed beyond the incubation program.
4. Performance Monitoring:
INNOeVERSITY helps implement performance monitoring systems to track the progress of startups, programs, and the overall incubation center. This includes collecting data, generating reports, and providing insights to stakeholders, enabling data-driven decision-making and continuous improvement.
Integrated Innovation and Incubation Management (IIIM)
The Integrated Incubation Management Service (IIIM) by INNOeVERSITY is designed to streamline the innovation-to-market journey for entrepreneurs, innovators, and start-ups. This service provides end-to-end incubation management support, entry-exit and graduation policies, further covering aspects like business model validation, prototype development, funding assistance, compliance support, and commercialization strategies.
Share & Encash My Resource (SEMR)
The Share and Encash My Resources (SEMR) service by INNOeVERSITY is a unique service through INNOeVERSITY innovation eco-system platform that allows stakeholders in the innovation ecosystem to share and access various resources, including infrastructure, human resources, instruments, equipment, technology, processes, and intellectual property (IP). This service aims to optimize resource utilization, reduce costs, and foster collaboration amongst the stakeholders.
1. Identify Needs:
This is the crucial first step where stakeholders introspect and analyze their current resource situation. They need to identify any existing or potential resource gaps in their operations or projects. This could include a lack of specific equipment, expertise, or infrastructure. On the other hand, stakeholders should also identify any idle or underutilized resources that they could potentially share with others. This step sets the foundation for effective resource sharing, as it clarifies what resources are needed and what can be offered.
2. Access Platform:
Once stakeholders have identified their needs or available resources, they need to access the INNOeVERSITY eco-system. Upon accessing the platform, stakeholders will need to access SEMR service from the menu bar. This allows them to navigate and explore the available features. The platform is user-friendly and intuitive, providing easy navigation and search functionalities to find relevant information quickly.
3. Share/Acquire:
This step is where the actual resource sharing takes place. Stakeholders looking to share their resources can create detailed listings of their assets, including descriptions, specifications, availability, and usage terms. This allows potential users to easily understand the resource and its suitability for their needs. On the other hand, stakeholders seeking resources can browse through the available listings, filter by category, and send requests to resource owners. The platform facilitate communication between stakeholders to discuss terms, negotiate pricing, and finalize agreements.
4. Encash/Utilize:
This final step involves the encashment or utilization of the shared resources. Resource owners who have shared their assets can generate revenue based on usage or agreed-upon terms. The platform provides further guidelines for exchange and tracking mechanisms to ensure smooth transactions. Those who have acquired resources can now utilize them for their intended purposes, whether it's for research, development, or other operational needs. The platform enable stakeholders to provide feedback on their experiences. This step completes the resource-sharing cycle and contributes to the overall efficiency and effectiveness of the SEMR service.
1. Define Problem:
Industries begin by clearly articulating their challenges and desired outcomes on the INNOeVERSITY platform. This involves providing a detailed problem statement that outlines the issue, its business context, and the desired solution. INNOeVERSITY can help refine problem statements to ensure clarity and completeness through trained interns / apprentice.
2. Engage Problem Solvers:
Once the problem is defined, expert mentors, Faculty, Interns are engaged to propose initial solution approach /consultancy. All qualified stakeholders, registered on the platform, can offer their expertise as per the competency, to address the industry's challenge. Industries can also invite their preferred mentors to join the platform for specialized guidance.
3. Shortlist Solvers & Solutions:
With the problem defined and expert insights provided, mentors, faculty, students on the platform can propose their own solutions. Each stakeholder can express their interest in the types of opportunities associated with the problem, such as consultancy, projects, internships, or full-time positions. The industry and their mentors of choice then assess these proposals, evaluating them based on their understanding of the problem, their skills, and the feasibility of their proposed solution.
4. Select & Develop:
Based on the evaluations, the industry interacts with shortlisted candidates to assess their suitability for the role and the organization or offer. This may involve interviews, discussions, or practical tasks. After these interactions, the industry selects the most suitable candidates /Experts and offers them positions / consultancy. The selected candidates are then onboarded, provided with necessary training, and their performance is continuously monitored to ensure alignment with expectations and to support their ongoing development.
Problem Sharing and Solution Development (PSSD)
INNOeVERSITY's service connects businesses with skilled graduates and mentors to solve problems and build a competent workforce. Industries submit problems, engage mentors, and access a pool of fresh talent. Students gain industry exposure and participate in skill development programs. The platform streamlines problem-solving, fosters innovation, and ensures a smooth process for all stakeholders.