New Microsoft PowerPoint Presentation converting innovation

New Microsoft PowerPoint Presentation converting innovation

1. Innovation/Prototype Validation “Converting Innovation into a Startup” Nilotpal Baruah CEO Symbica PVT. Ltd

2. Chapter 1 : Idea Generation: A million dollar idea

3. Chapter 2 : Plan A, Plan B&C Plan A: The most favorable one which you are currently pursuing Plan B: Most effective but time/fund investment is significantly higher Plan C: Abstract plan which you thought would be included in the premium products/services in the near future.

4. Chapter 3: Proof of concept and its testing with ideal conditions Identify the scope of work Expected outcomes Know the benchmark Identify fail cases File Patent/Copyright/Trademark

5. Chapter 4: Cross verification with existing solutions Compare your results(P.O.C testing) with existing competitors’ solutions Define a boundary for your upcoming prototype model. Draft a business model highlighting key economic viability/market potential Formulate a draft pricing strategy

6. Chapter 5: Prototype Development Build a professional team(Tech/Business) Identify key design parameters/design tradeoffs for the prototype Prototype testing iteration with a certified laboratory Collaborate with relevant stakeholders for ease of certification/approval Build a business pitch deck around your solution highlighting your technical achievements.

7. Chapter 6: Pilot testing Test the solutions with a group of user Obtain feedback Modify design tradeoffs based on user survey Development the beta version of your product/service with the updated specifications/design.

8. Chapter 7: Minimum Viable Product: Formulate a Go to Market Strategy Fix a deadline for pre-order/Product showcase Finalize the business model highlighting business scale-up & recurring revenues

9. Chapter 8: Minimum Marketable Product Performance Metrics Formulation Scale up strategy Customer/User feedback loop

10. THANK YOU