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The Five Characteristics of Successful Innovators

There is not much agreement about what makes an idea innovative, and what makes an innovative idea valuable. For example, discussions on whether the internet is a better invention than the wheel are more likely to reveal personal preferences than logical argumentation. Likewise, experts disagree on the type and level of innovation that is most beneficial for organizations. Somestudiessuggest that radical innovation (which does sound sexy) confers sustainable competitive advantages, butothersshow that “mild” innovation – think iPhone 5 rather than the original iPhone – is generally more effective, not least because it reduces market uncertainty. There is also inconclusive evidence on whether we should pay attention to consumers’ views, with somestudiesshowing that a customer focus is detrimental for innovation because it equates to playing catch-up, butothersarguing for it. Even Henry Ford’s famous quote on the subject – “if I had asked people what they wanted, they would have said fast…

Youngsters Come up With Innovating Startup Ideas in Progressive Punjab Summit

MOHALI: The concluding day of Progressive Punjab Summit-2015 witnessed a session wherein young innovators presented their ideas from home kits for cervical cancer detection to managing the kitchen waste.
As many as 17 such innovative ideas incubated during 3-day long startup accelerator held at IT park Chandigarh, said an official release here.
Yatin Thakur from Startup Weekend US said that the session Startups today was culmination of the Startup Weekend  programme organised on Oct 23 and Oct 24 startup activities and booster camps that were held across the Punjab in varied universities' campuses held in collaboration with the Startups Accelerator Chamber of Commerce (SACC)
The ideas were churned out by the energetic youngsters who showcased their talent, which when implemented has the potential to change the way we think today, it said.
The contest was won by Shwetika Kumar, who is trying to create self testing non intrusive cervical testing kits at a cost of USD 5, and she will now be mentored by the best people in medical equipment industry before they find venture capitalists to fund her project. Her innovation, based on ribonucleic acid testing, was hailed as a major revolution in the field of medicine
Swaypay team presented its novel idea of offline wallet that would transform the way we handle currency coins today. The jury of event suggested Swaypay team to get its idea patented.
Bento Tiffin team presented the affordable way of getting access to homemade food or tiffin system at just a click of  the button, while Ctrl P team talked about providing Xeroxed papers at less than 50 P per copy, it said.
Team of young innovators presented ways to create wealth from waste by collecting and processing kitchen leftovers into organic manure and another team presented innovative business idea of using Helium propelled balloons for displaying advertisements in commercial settlements like malls.

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