The objective of Innovation Igniter is threefold.
1) To Bring Innovative Culture to organizations by providing an innovative edge to the budding entrepreneur to enhance their career using a design thinking approach.
2) To Build & Nurture an Innovation ecosystem
3) To Find Whitespace Opportunity
Design Thinking is the mindset of identifying user problems with a deep sense of empathy, finding multiple solutions to solve the problem using your skills, and finally, exploring a strategy to present what the customer will experience differently.
MVP offers a clearer and faster journey to a fully-featured product. The MVP helps the product team receive user feedback as quickly as possible to iterate and improve it.
The concept of lean has derived from Toyota Production System, Farther of lean management, Taiichi Ohno. The fundamental principle of lean is to reduce waste and to add value to customers’ products and services. Toyota Production System is also referred to as Just In Time production
Crowdfunding is the strategy to raise funds (a small amount) from multiple backers or donors through an online platform or social networking site for a specific project, venture, or social cause. It’s not a new concept in India but can understand as taking the ‘Chanda’ from the online platform.
In 2006, Jeff Howe published an article in Wired, “The Rise of crowdsourcing,” where he bifurcated crowdsourcing as crowd and outsourcing. Some tasks require special skills, and you might not like to outsource. Still, some activities like a poll, vote, or opinion from the intended customer or audience are very much needed.
