Innovation & Start-Up (English)
Innovation & Start-Up (English)
PRACTICUM
BONAFIDE CERTIFICATE
Register No. :
Name : __________________________________________
Course : __________________________________________
Semester : __________________________________________
College Name : __________________________________________
__________________________________________
MARKS
AWARDED
APPENDIX
I. Sample PowerPoint Presentations ⁄⁄⁄⁄..... A.1 – A.16
!
1020235654 L T P C
INNOVATION AND STARTUP
PRACTICUM 1 0 2 2
DETAILED SYLLABUS
THEORY Hrs.
Unit – I: INTRODUCTION TO INNOVATION
An Introduction to Innovation and Creativity - Innovation in current
Environment - Types of Innovation - Challenges of Innovation - Steps of Innovation 6
Management - Divergent v/s Convergent thinking - Design thinking and
Entrepreneurship.
ASSESSMENT METHODOLOGY
Seminar Presentations
CA - 2 (20 marks - each topic carries 10 marks) - Unit IV 10 marks
Students should present any two topics with PPTs
Total 40 marks
Total 100
NOTE
THE WATER MARK
KAL PATHIPPAGAM
WILL NOT APPEAR IN
PRINTED TEXT BOOK
KAL PATHIPPAGAM
!
THANK YOU !
!
Unit – I
INTRODUCTION TO INNOVATION
1.1 CREATIVITY
Creativity is the ability to generate new, original, and valuable ideas. It involves
thinking in ways that are imaginative, innovative, and often unconventional. Creativity can
be spontaneous or structured. It exists in both individuals and teams.
Importance of creativity
1) Solves problems effectively
2) Motivates innovation
3) Improves productivity and efficiency
4) Adapts to change
AM
5) Encourages personal growth
6) Promotes competitive advantage
G
7) Improves communication and collaboration
1.2 INNOVATION
PA
IP
Innovation is the process of converting creative ideas into practical solutions that
add value. It involves developing new products, services, processes, or ways of thinking
TH
AM
Machine Learning (ML): Enabling computers to learn from data without being
openly programmed.
Internet of Things (IoT): Connects machines and devices for real-time data
G
collection.
PA
5G expansion: Provides high-speed connectivity essential for IoT and
autonomous systems.
IP
Blockchain: Records transactions across a network of computers in a secure,
TH
AM
It typically starts by offering a simpler, more convenient, or more affordable
solution. Over time, it improves and finally displaces established products.
G
Examples: Low-cost airlines disrupting traditional carriers, online education
PA
platforms challenging traditional universities, Wikipedia displacing print
encyclopedias.
IP
4) Architectural innovation:
Description: Reconfigures existing components or technologies to create a new
TH
product or system.
Examples: Sony's Walkman (repackaging existing audio components for personal,
PA
portable use), Uber (using existing GPS and mobile technology to create a new
transportation service model), a drone with existing camera and flight technology
L
AM
existing services.
Examples: Online banking, telehealth services, food delivery apps, personalized
coaching services.
G
1.5 CHALLENGES OF INNOVATION PA
1) Resistance to change
IP
People often prefer familiar methods and may fear new ideas.
TH
Not all innovations succeed. Many ideas may fail to deliver expected results.
Fear of failure can prevent people from experimenting or taking bold steps.
4) Lack of support or vision
Without leadership support or a clear innovation strategy, efforts can be
unorganized and ineffective.
Innovation needs commitment from top management and all levels of the
organization.
5) Time constraints
Innovation often requires time to think, test, and improve ideas.
Fast-paced environments may focus on short-term results instead of long-term
innovation.
Idea Screening
Concept Development
AM
Prototype & Testing
Business Analysis
G
PA
Implementation
Commercialization
IP
Review & Improvement
TH
AM
for a single problem. It encourages open-ended exploration, imagination, and
brainstorming without immediate judgment. This type of thinking is essential during
G
the early stages of creativity and innovation.
PA
Convergent thinking: It focuses on analyzing and narrowing down multiple ideas
to find the best possible solution. It involves logic, evaluation, and decision-making.
IP
This thinking is used to refine ideas and implement practical solutions.
TH
b) Entrepreneurship
AM
Entrepreneurship is the process of identifying business opportunities, taking risks,
and creating and managing new ventures to bring products or services to market.
G
Entrepreneurs aim to solve problems and create value.
PA
Connection between design thinking and entrepreneurship
Design thinking plays a key role in entrepreneurship, especially in the early stages
IP
of developing a product or service.
TH
AM
10) What is entrepreneurship?
11) List out the benefits to entrepreneurs using design thinking
G
5 Marks Questions
1) List out the importance of creativity.
PA
IP
2) Write the importance of innovation.
TH
AM
Encourages creativity.
Supports decision-making.
G
Increases team collaboration.
Reduces risk of failure. PA
IP
Principles for effective idea generation
Delay judgment: Judging ideas too early can shut down creativity. All ideas can
TH
Stay focused on the problem: Keep the brainstorming or idea generation aligned
KA
AM
the problem.
10) Questioning: Ask deep or imaginative questions to explore ideas.
G
2.2 INCUBATION CLUBS PA
Incubation clubs (also known as innovation or startup incubators) are platforms or
IP
organized spaces within colleges, universities, or communities that develop early-stage
TH
business ideas and help convert them into real startups or products. They provide aspiring
entrepreneurs, students, or innovators with guidance, resources, mentorship, and a
PA
AM
Promotes a culture of innovation in educational institutions.
G
Prototype development is the process of creating an early model or sample of a
PA
product, system, or idea to test and evaluate its design, function, and usability before full-
scale production or implementation. A prototype allows innovators to visualize and
IP
improve their ideas, helping them identify flaws, gather feedback, and make necessary
TH
AM
Boosts confidence in the idea for investors and users.
G
2.4 MARKETING OF INNOVATION
PA
Marketing of innovation refers to the strategies and activities used to promote,
communicate, and deliver new or improved products, services, or ideas to the target
IP
market. It involves understanding customer needs, creating awareness, and encouraging
adoption of innovations. Marketing innovation requires educating users, building trust, and
TH
3) Market segmentation
Divide the market into groups based on their readiness to accept new technologies.
Innovators, early adopters, early majority, late majority, etc.
4) Product positioning
Position the product as a solution to a real problem.
Highlight innovation, ease of use, cost savings, or other key benefits.
AM
High initial costs
Need for education or training
G
Market uncertainty or competition
EdTech startups using free trials and webinars to introduce new learning platforms
PA
ideas, products, services, or processes. It helps organizations transform creative ideas into
KA
3) Project planning
Define timelines, resources, roles, and responsibilities.
Set milestones and performance metrics.
AM
Launch the innovation into the market or workplace.
Coordinate production, marketing, distribution, and customer support.
G
6) Monitoring and continuous improvement
Track the performance of the innovation.
PA
IP
Gather user feedback and improve based on real-world data.
TH
2) Documentation
Record the idea clearly, including development notes, drawings, processes, etc.
Proper documentation helps prove ownership and originality.
AM
4) Choosing the right type of IPR
Depending on the creation, choose the suitable IPR category:
G
Patent – for inventions
PA
Trademark – for brand names, logos, slogans
Copyright – for literary, artistic, musical, or software work
IP
Design rights – for the aesthetic look or shape of a product
TH
Apply to the relevant IP office (e.g., Indian Patent Office, USPTO, WIPO).
Provide complete information, drawings, claims, and technical specifications.
L
KA
7) Grant/Registration
If the application meets all criteria, the IPR is granted/registered.
The creator now holds exclusive rights for a fixed period.
AM
2) Copyright
G
Purpose: Protects original artistic, literary, musical, and software works.
PA
Covers: Books, songs, films, computer programs, paintings, etc.
Validity: Life of the creator + 60 years (in many countries).
IP
Example: A novel, a movie script, or a software code.
TH
3) Trademark
Purpose: Protects brand identity.
PA
5) Trade secret
Purpose: Protects confidential business information.
Covers: Formulas, practices, designs, or methods not publicly known.
Validity: Indefinite (as long as secrecy is maintained).
Example: Coca-Cola recipe or Google's search algorithm.
2.8 PATENT
AM
A patent is a legal right granted by a government to an inventor, giving them
exclusive rights to make, use, sell, or license their invention for a certain period, usually 20
years. In return, the inventor must publicly disclose the details of the invention in the patent
G
application, so others can learn from it after the protection period ends.
PA
Key features of patents
IP
Protects: New inventions, products, processes, or improvements.
TH
Legal right: Prevents others from copying or using the invention without permission.
Territorial: A patent is valid only in the country where it is granted.
PA
Types of patents
1) Utility patent: For inventions with functional utility (machines, tools, processes).
2) Design patent: For the ornamental or aesthetic design of an object.
3) Plant patent: For new and distinct plant varieties produced through asexual
reproduction.
2.9 COPYRIGHTS
Copyright is a type of intellectual property right (IPR) that gives legal protection to
AM
original creative works. It grants the creator exclusive rights to use, reproduce, distribute,
and display their work for a specific period of time.
G
What does copyright protect?
PA
Literary works – Books, articles, poems, essays
Musical works – Songs, lyrics, compositions
IP
Artistic works – Movies, plays, choreography
TH
Sound recordings
Video games and animations
L
Automatic: Copyright protection starts automatically when the work is created and
fixed in a tangible form.
Ownership: The creator is usually the first copyright owner, unless assigned to
someone else.
Duration: Generally, lifetime of the author + 60 years (in India).
Territorial: Copyright is protected country-wise, but international treaties help with
global protection.
Transferable: It can be sold, licensed, or inherited.
AM
Software applications
An original YouTube video or music track
G
2.10 PATENTS IN INDIA
PA
Patents in India are governed by the Patents Act, 1970, as amended from time to
time, and the Patents Rules, 2003. The Office of the Controller General of Patents, Designs
IP
and Trade Marks (CGPDTM), under the Ministry of Commerce and Industry, Government
TH
AM
4) Ayurvedic hair dye composition (Filed by: Dabur India Ltd.)
5) Mobile-based soil testing device (Filed by: Indian Council of Agricultural Research)
G
6) 6th sense technology (Filed by: MIT + Indian-origin researcher Pranav Mistry)
PA
7) Multi-fuel cooking stove (Filed by: National Innovation Foundation – India)
8) Smart irrigation system (Filed by: Indian startups and IITs)
IP
2.11 TECHNOLOGICAL AND NON - TECHNOLOGICAL INNOVATION
TH
1) Technological Innovation
It involves the creation or improvement of products, services, or processes using
PA
energy-efficient engine)
2) Feasibility study: Evaluate technical and commercial viability
3) Research and development: Design, engineering, and experimentation
4) Prototyping and testing: Build working models and test for performance
5) Commercialization: Launch the final product in the market
6) Feedback and improvement: Collect user input for further innovation
Examples
Development of 5G mobile technology
Self-driving vehicles
Renewable energy systems
Robotic process automation (RPA)
Examples
A new customer loyalty program
AM
Flexible work-from-home policies
Innovative packaging design
G
Changing organizational structure for efficiency
Social media marketing campaigns PA
IP
TH
REVIEW QUESTIONS
PA
3 Marks Questions
1) What is idea generation?
L
5 Marks Questions
1) Explain the principles for effective idea generation.
2) Explain the common techniques for idea generation.
AM
3) Explain the working of incubation clubs.
4) Explain the various types of prototypes.
G
5) Explain the steps in prototype development.
PA
6) Explain the various marketing strategies for innovative products.
7) Explain the key components of innovation management.
IP
8) Explain the steps in the creation of IPR.
TH
AM
Risk and uncertainty: Operate in uncertain markets and often with limited initial
resources.
G
Technology-enabled: Many start-ups are tech-based, using digital tools to create
impact. PA
Flexible structure: Unlike traditional businesses, start-ups have adaptive and agile
IP
business models.
TH
Goals of a start-up
Develop a minimum viable product (MVP)
PA
Stages of start-ups
1) Ideation stage: The start-up begins with a business idea that solves a real problem
or need.
2) Validation stage (Pre-seed): The idea is tested through customer feedback and
market validation.
3) Early stage (Seed stage): The product is developed and tested in the market.
4) Growth stage: The business shows traction (growing users and revenue).
5) Expansion stage: The start-up expands to new markets or geographies.
6) Maturity / Exit stage: The start-up becomes a mature business or explores exit
strategies.
AM
Improve efficiency
G
3.2 START-UPS IN INDIA
PA
India has rapidly emerged as a global powerhouse in the startup ecosystem,
becoming the third-largest in the world. As of January 15, 2025, the Department for
IP
Promotion of Industry and Internal Trade (DPIIT) had recognized more than 1.59 lakh
startups.
TH
Eligibility criteria
To register as a start-up under Start-up India, your business must:
AM
Be registered as a Private Limited Company, Partnership Firm, or LLP (Limited
Liability Partnership)
G
Be less than 10 years old from the date of incorporation
PA
Have a turnover less than ₹100 crores in any previous financial year
Be working towards innovation, development, or improvement of a product / process
IP
/ service
TH
Obtain PAN (Permanent Account Number), TAN (Tax Deduction and Collection Account
Number) and CIN (Corporate Identification Number) as per the business structure.
5) Self-certification
Self-certify that you meet all eligibility conditions.
Accept the declaration terms.
6) Submit application
Review and submit the application.
AM
You will receive an acknowledgement number for tracking.
7) Verification and Certificate of Recognition
G
The DPIIT will examine your application and documents.
PA
If everything is in order, the Certificate of Recognition will usually be issued within 2
working days after submission.
IP
After approval you become eligible for all Start-up India benefits.
TH
A business model is a strategic plan that outlines how a company creates, delivers,
and captures value. It explains how a business works - including its products or services,
target customers, revenue streams, and cost structure.
L
KA
6) Key resources
What assets (people, technology, capital) are needed to operate?
7) Key activities
What are the main tasks or operations of the business? (e.g., Manufacturing,
marketing, development)
8) Key partnerships
Who are the suppliers, collaborators, or investors?
9) Cost structure
What are the major costs involved in running the business?
AM
Popular types of business models
Type Example
G
Product-based Apple (sells devices)
Subscription-based
PA
Netflix, Spotify
IP
Freemium Zoom, Canva (free + paid features)
TH
AM
Nature of the business
Vision and mission
G
History or background of the business idea
3) Market analysis PA
Target market and customer profile
IP
Market size and trends
TH
4) Products or services
Details of offerings
L
8) Financial plan
Start-up costs and funding requirements
Projected income statement, balance sheet, and cash flow
Break-even analysis
Funding sources and repayment plans
AM
Legal documents
Additional charts or graphs
G
Benefits of a business plan PA
Clarifies direction and business goals
IP
Helps in raising capital
TH
Case studies are incredibly valuable for understanding the practical application of
KA
business concepts, identifying success factors, and learning from challenges. The following
are a few prominent Indian startup case studies, highlighting their innovation, business
models, and key learnings:
AM
Personalized learning through AI and data analytics.
Impact:
G
100M+ users across India and other countries.
PA
Acquired WhiteHat Jr, Aakash Institute to expand offerings.
Learning: Blending tech with education created a global EdTech leader.
IP
TH
Solution:
Aggregated cab services via app
Introduced ride-sharing and Ola Auto
Later diversified into electric mobility (Ola Electric)
Learning: Identifying a local transportation gap and solving it with tech built a multi-
billion-dollar business.
AM
Strategy:
Direct-to-consumer (D2C) online model
G
Heavy focus on influencer and social media marketing
Growth: PA
First unicorn in the beauty D2C space
IP
Expanded into offline retail and international markets
TH
Learning: Clear brand values and strong digital marketing can drive success in
traditional sectors.
PA
3) Government support
Start-up India, Digital India, Make in India, and Stand-up India initiatives
Tax exemptions, funding schemes, faster IPR processing, and regulatory ease
AM
Complex tax, legal, and compliance requirements
Changing government policies can create uncertainty
G
3) High market competition
Intense competition from both large companies and other start-ups
PA
Differentiating and retaining users is a challenge
IP
4) Scalability issues
Infrastructure, supply chain, and talent often limit scaling
TH
Support provided:
AM
Grant of up to ₹10 lakhs as seed funding
Equity-free funding for innovative and scalable ideas
G
Eligibility:
DPIIT-recognized start-ups PA
Based in Tamil Nadu
IP
Must have a proof of concept or prototype
TH
Purpose:
To bridge the gap between idea and early-stage funding
PA
Eligibility:
Graduation or diploma holders
Business in manufacturing or service sector
Resident of Tamil Nadu
Website: [Link]
Support provided:
Financial assistance for new micro-enterprises
Subsidy: 15%–35% depending on category and location
Loan up to ₹25 lakhs (manufacturing) and ₹10 lakhs (service)
Eligibility:
Age 18+, no income limit
No collateral for loans up to ₹10 lakhs
Must undergo EDP training (Entrepreneurship Development Programme)
AM
Implemented by: KVIC, DIC, Coir Board
Website: [Link]
G
5) UYEGP – Unemployed Youth Employment Generation Programme (Tamil Nadu)
PA
Launched by: Department of Micro, Small and Medium Enterprises, Tamil Nadu
Target group: Unemployed youth aged 18 - 35 (up to 45 for special categories)
IP
Support provided:
TH
AM
Important networks
Indian Angel Network (IAN)
G
LetsVenture
Blume Ventures
Sequoia Capital India
PA
IP
Kalaari Capital
Venture Catalysts
TH
Big companies support start-ups via innovation labs, partnerships, and investment arms.
Corporation Program / Initiative Focus
L
AM
Mentorship Incubators, accelerators
Technical Assistance Microsoft, AWS, Google
G
Market Access Corporate partnerships
Training and Workshops PA
Academic institutions, NGOs
Networking and Demo Days Pitching events, investor meets
IP
Companies must spend on CSR if they meet any one of the following:
Net worth ≥ ₹500 crores
Turnover ≥ ₹1,000 crores
Net profit ≥ ₹5 crores
AM
4) CSR Through Partnerships
Companies may:
G
Directly fund a project or incubator
PA
Partner with NGOs or foundations who support early-stage start-ups
Set up CSR arms or foundations (e.g., Tata Trusts, Infosys Foundation)
IP
Examples of CSR in start-up support
TH
Mahindra & Mahindra Nanhi Kali, Rise for Good Education and innovation labs
Reliance Foundation JioGenNext Accelerator program for tech start-ups
Limitations
Strict compliance and monitoring by donor company
Usually targeted to non-profit or social impact ventures
Less flexibility compared to private funding
AM
Banks do not fund idea-stage businesses
Angel investors are faster and more flexible than venture capitalists
G
Provide expertise, network, and credibility
Often act as mentors or board members PA
Examples of angel investors in India
IP
Ratan Tata: Invested in Ola, Paytm, Lenskart, Urban Ladder
TH
Angel investors often operate through networks or groups to pool resources and reduce
risk. The major networks are:
Indian Angel Network (IAN): One of the largest in Asia
Mumbai Angels: Focuses on early-stage tech start-ups
Chennai Angels: Strong presence in South India
Lead Angels: Connected to IIT Bombay
LetsVenture: Online platform to connect start-ups & angels
Advantages of angel investment
Easier to access than banks or VCs
No repayment pressure like loans
Investor can open doors to industry, clients, media
Faster decision-making
AM
Source of funds: Managed funds from high-net-worth individuals (HNIs),
institutions, corporations
G
Investment size: Ranges from ₹2 crores to ₹100+ crores, depending on the stage
PA
Stage of investment: Seed, Series A, B, C… till IPO or acquisition
Return type: Equity (ownership), aims for high returns (10x or more)
IP
Exit strategy: IPO, acquisition, or buy-back within 5–10 years
TH
Challenges of VC funding
VCs may demand board seats or veto powers
Focused on fast growth and profitability
Founders lose a part of ownership
Need to return profits to investors within a few years
AM
REVIEW QUESTIONS
G
3 Marks Questions
1) What is start-up? PA
2) List out the key characteristic of a start-up.
IP
3) What are the goals of a start-up?
TH
AM
5 Marks Questions
1) Explain the stages of a start-up.
G
2) Write short notes on start-ups in India.
PA
3) Explain the procedure for registration of start-up in India.
4) Explain the key elements of a business model.
IP
5) Briefly explain the components of a business plan.
TH
11) What is UYEGP? Explain the eligibility and supports provide through this scheme.
12) Briefly explain the various non-government schemes for supporting start-ups.
13) Briefly explain about CSR fund.
14) Briefly explain about angel investors.
15) Briefly explain about venture capitalist.
AM
Avoid overcrowding with too much text or images.
G
Stick to a theme or template.
Use 2–3 complementary colors. PA
Use readable fonts (e.g., Arial, Calibri, Verdana).
IP
Minimum font size: 24 pt for body, 36 pt for headings.
TH
5) Make it memorable
KA
7) Be time-conscious
Aim for 1-2 minutes per slide.
Practice with a timer.
Limit total slides based on available time (e.g., 10 minutes = ~8 slides).
AM
G
PA
IP
TH
PA
L
KA
CONTENTS OF SLIDES:
AM
Slide 3: Objectives of This Presentation
Define and understand idea generation.
G
Learn various ideation techniques.
PA
Explore how to evaluate and implement ideas.
Types:
Creative: Original or imaginative
PA
AM
✅ Slide 9: Selecting the Best Idea
Evaluate ideas using:
Feasibility – Is it doable?
G
Viability – Is it profitable or beneficial?
PA
Desirability – Do people need or want it?
Use tools like decision matrices and prototyping.
IP
TH
Create prototypes.
Collect and respond to feedback.
L
AM
G
PA
IP
TH
PA
L
KA
AM
Slide 3. Objectives of Innovation Management
Foster a culture that supports new ideas.
G
Streamline innovation to improve efficiency and reduce risk.
PA
Create sustainable competitive advantage.
Encourage continuous improvement and creative thinking.
IP
changes.
KA
AM
Slide 9. Tools for Innovation Management
SWOT & PEST Analysis – Strategic evaluation tools.
G
Design Thinking – User-centered creative problem-solving.
PA
TRIZ – Systematic innovation method based on patterns.
Innovation Funnel & Stage-Gate – Structured innovation pipeline.
IP
CONTENTS OF SLIDES:
AM
Slide 3. Objectives of Product Development
Satisfy customer demands and preferences.
G
Introduce innovative solutions to the market.
Grow revenue and improve market share.
PA
Outpace competitors with better offerings.
IP
TH
2) Idea Screening
3) Concept Development & Testing
4) Business Analysis
L
5) Product Development
KA
6) Market Testing
7) Commercialization
AM
Cross-functional collaboration is key.
G
Slide 10. Stage 6: Market Testing
Launch a test version in select regions or segments.
PA
Measure customer response, pricing, and promotional impact.
Identify issues before full launch.
IP
TH
AM
G
PA
IP
TH
PA
L
KA
CONTENTS OF SLIDES:
AM
Slide 3. Elements of a Business Model
G
Value Proposition – What value is delivered?
PA
Customer Segments – Who are the target customers?
Channels – How is value delivered?
IP
Customer Relationships – How are customers acquired and retained?
Revenue Streams – How does the company make money?
TH
AM
Slide 8. Examples
Netflix: Evolved from DVD rentals to streaming subscriptions.
G
Uber: Replaced taxi dispatch with app-based ride-hailing.
Airbnb: Hospitality model without owning properties.
PA
Amazon: Integrated retail and cloud infrastructure.
IP
Slide 9. Steps in Business Model Innovation
TH
AM
For feedback or questions, reach out at: [Email / Contact Info]
G
PA
IP
TH
PA
L
KA
Slide 2. Introduction
• Organizational Culture: Shared beliefs, values, and behaviors that shape how
people work.
• Change Management: A structured process to transition individuals, teams, and
organizations to a desired future state.
• Both are critical for sustainable organizational success.
AM
Slide 3. What is Organizational Culture?
•
G
Defines how things are done in an organization.
• Affects decision-making, communication, and leadership.
•
PA
Strong culture supports employee engagement and performance.
IP
Slide 4. Types of Organizational Culture
• Clan Culture: People-focused, team-oriented.
TH
•
KA
AM
Slide 10. Overcoming Resistance to Change
• Engage employees in the process.
G
• Provide clear communication and support.
•
•
Offer training and remove barriers.
Build trust and show benefits.
PA
IP
Slide 11. Building a Culture for Change
•
TH
Slide 2. Introduction
Leadership and innovation are essential for adapting to change and driving growth.
Innovative leadership involves vision, empowerment, and fostering creativity.
AM
Transformational – Inspires and motivates.
Transactional – Focuses on structure and rewards.
G
Servant – Supports and develops others.
Leaders set the tone for innovation. PA
Slide 4. What is Innovation?
IP
Innovation is the process of turning new ideas into valuable solutions.
TH
Processes
Services
Business models
L
KA
AM
Resistance to change
Limited resources or executive support
G
Slide 10. Strategies for Leading Innovation
PA
Define and communicate a strong innovation vision.
Empower employees to take initiative.
IP
Provide training and development opportunities.
TH
Slide 2. Introduction
Innovation is essential for business success and long-term sustainability.
Organizations face both internal and external barriers that can limit innovation.
Understanding these barriers is the first step to overcoming them.
AM
A culture of fear or risk aversion discourages experimentation.
Resistance to change is common, especially in traditional organizations.
G
Lack of support or appreciation for new ideas demotivates employees.
AM
Absence of incentives or recognition for idea generation.
G
Slide 11. Strategies to Overcome Barriers
Build a culture that embraces innovation and risk.
PA
Invest in training, mentorship, and upskilling.
Foster cross-team collaboration and open communication.
IP
Use agile practices to support rapid experimentation and learning.
TH
design.
AM
constantly evolving.
G
Slide 3. What is Innovation Marketing?
A marketing approach designed to:
Promote innovative offerings.
PA
IP
Educate the market on new value propositions.
Differentiate from traditional solutions.
TH
AM
Tesla: Direct-to-customer model and digital buzz without traditional ads.
G
Slide 9. Steps in Creating an Innovation Marketing Strategy
1)
2)
PA
Research: Understand market trends and customer pain points.
Define Value Proposition: What problem are you solving?
IP
3) Choose Channels: Where do your target audiences engage?
4) Craft Messaging: Focus on how the product improves life.
TH
AM
G
PA
IP
TH
PA
L
KA
Slide 2. Introduction
Amazon is a leading global e-commerce platform founded by Jeff Bezos in 1994.
Started as an online bookstore, expanded to become the “everything store.”
Known for innovation, customer obsession, and operational excellence.
AM
Founded in Seattle, USA, in a garage.
Launched in 1995 with the slogan: “Earth’s biggest bookstore.”
G
In its first month, sold books in all 50 U.S. states and 45 countries.
AM
2023 Revenue: Over $500 billion USD.
AWS is the most profitable division.
G
Market capitalization consistently over $1 trillion USD.
AM
G
PA
IP
TH
PA
L
KA
Slide 2. Introduction
Start-ups are small, innovative ventures that drive change.
In higher education, start-ups play a transformative role by connecting students with
real-world challenges.
They contribute to building an entrepreneurial ecosystem within academic
institutions.
AM
Slide 3. Benefits of Start-ups in Higher Education
G
Promote innovation and creativity among students and faculty.
PA
Encourage problem-solving and practical application of academic knowledge.
Enable early exposure to entrepreneurship and business development.
IP
AM
environments.
G
Slide 9. Case Studies of Campus Start-ups
Ather Energy – Electric vehicle company from IIT Madras.
PA
Graymatics – AI startup from NUS, Singapore.
Inshorts – News app started by IIT dropouts, now mainstream.
IP
TH
AM
G
PA
IP
TH
PA
L
KA
Slide 2. Introduction
Professional networking involves building meaningful relationships with people in
your industry or area of interest.
It is a powerful tool for brand building—both personal and organizational.
AM
Trust, visibility, and influence are built through strategic connections.
G
Builds credibility and reputation.
PA
Helps spread your brand message through trusted connections.
Provides access to opportunities, collaborations, and referrals.
IP
Establishes thought leadership and industry relevance.
TH
AM
networking and personal branding.
Oprah Winfrey: Leveraged media connections to establish a globally trusted brand.
G
Narayana Murthy (Infosys): Built credibility through relationships with clients and
governments. PA
IP
Slide 10. Common Mistakes in Networking
Being overly self-promotional without offering value.
TH
Slide 2. Introduction
India is one of the fastest-growing start-up ecosystems in the world.
Start-ups drive innovation, employment, and economic growth.
This guide walks you through the essential steps to launch a successful start-up in
India.
AM
Slide 3. Step 1: Idea Generation
Identify a real-world problem or need.
G
Brainstorm innovative solutions.
PA
Validate the idea through market research and feedback.
Check if the idea is scalable and sustainable.
IP
Product/service description
Market analysis
L
Business model
KA
Revenue projections
Marketing and operations plan
A good plan helps attract investors and partners.
AM
Open a current bank account in the company name.
Protect your intellectual property (trademarks, patents, etc.).
G
Slide 8. Step 6: Build the Core Team
PA
Co-founders and early employees are crucial.
Look for people with complementary skills.
IP
Define roles, responsibilities, and equity (if applicable).
TH
AM
Slide 13. Support Ecosystem in India
Incubators: T-Hub, NSRCEL, IIT/IIM incubation cells
G
Accelerators: Y Combinator, 91Springboard, Indian Angel Network
Start-up Communities: TiE, Nasscom 10,000 Startups
Government Bodies: DPIIT, SIDBI, DST
PA
IP
Slide 14. Challenges and Tips
TH
Challenges:
Regulatory hurdles
PA
Talent acquisition
Fundraising difficulty
Tips:
L
KA
AM
Skill development
Get clarity on career paths and industry expectations.
Interact with professionals and build connections for future opportunities.
G
Modes of industry exposure
PA
1) Industrial Visits
IP
2) Internships / In-plant Training
TH
AM
4) Carry a notebook and pen: Essential for immediate note-taking. Your phone
might be a distraction or prohibited in some areas.
G
5) Seek permission for photos: If you intend to take pictures, always ask
PA
permission before the visit or at the beginning.
IP
During the visit:
TH
6) Be observant: Don't just listen; actively look at the machinery, the flow of work,
safety signs, employee interactions, etc.
PA
7) Take detailed notes: Don't assume you'll remember. Note down processes,
machinery names, numbers (e.g., production capacity if mentioned), safety
L
8) Ask "Why" and "How": Go beyond just what you see. Ask about the basis behind
processes, challenges faced, and solutions implemented.
9) Engage respectfully: Show genuine interest. Be polite and professional with your
hosts.
10) Start Immediately: Don't wait! Write the report while your memory is fresh.
11) Structure is key: Follow a standard report format (Introduction, Company Profile,
Observations, Analysis, Conclusion, etc.). Use clear headings and subheadings.
12) Be specific, not vague: Instead of "They make products," say "They utilize a five-
stage assembly line for their [product name] using XYZ machinery at Stage 3."
AM
18) Acknowledge sources: If you used the company's website, brochures, or specific
individuals' input, mention them.
G
19) Write a strong executive summary last: This is your elevator pitch for the entire
PA
report. It should encapsulate your key findings and takeaways concisely.
IP
5.3 FORMAT OF INDUSTRY VISIT PROJECT REPORT
TH
1) Cover page
PA
Include:
Title: “Industry Visit Project Report”
L
Register number
Institution name
Department
Date of submission
Company visited
2) Certificate
Signed by Head of Department / Faculty Incharge.
Include name of industry, date of visit, and confirmation of participation.
3) Acknowledgement
Thank industry personnel, faculty, institute, and others who facilitated the visit.
5) Introduction
Purpose of the visit.
Name and location of the industry.
Relevance of the industry to your course.
AM
7) Company Profile
G
Overview of the company.
History, mission, and vision. PA
Type of industry (e.g., manufacturing, service, software, etc.)
IP
Products/services offered.
TH
8) Departments Visited
For each department, include:
Name of the department (e.g., Production, Quality Control, R&D, HR)
L
Technologies used
Observations
13) Conclusion
Summary of experience
Suggestions for future visits
AM
Importance of such exposure for career development
G
14) Photographs (Optional but Recommended)
PA
Include 2 – 4 relevant photographs with captions
Ensure permission is granted by the company
IP
TH
G
PA
SAMPLE
IP
POWER POINT
TH
PRESENTATIONS
PA
L
KA
Appendix A.1
TOPIC – 1: IDEA GENERATION
AM
G
PA
IP
SLIDE – 01
TH
PA
L
KA
SLIDE – 02
Appendix A.2
AM
G
PA
SLIDE – 03
IP
TH
PA
L
KA
SLIDE – 04
Appendix A.3
AM
G
PA
SLIDE – 05
IP
TH
PA
L
KA
SLIDE – 06
Appendix A.4
AM
G
PA
SLIDE – 07
IP
TH
PA
L
KA
SLIDE – 08
Appendix A.5
AM
G
PA
SLIDE – 09
IP
TH
PA
L
KA
SLIDE – 10
Appendix A.6
AM
G
PA
SLIDE – 11
IP
TH
PA
L
KA
SLIDE – 12
Appendix A.7
AM
G
PA
SLIDE – 13
IP
TH
PA
L
KA
SLIDE – 14
Appendix A.8
TOPIC – 3: PRODUCT DEVELOPMENT
AM
G
PA
IP
SLIDE – 01
TH
PA
L
KA
SLIDE – 02
Appendix A.9
AM
G
PA
SLIDE – 03
IP
TH
PA
L
KA
SLIDE – 04
Appendix A.10
AM
G
PA
SLIDE – 05
IP
TH
PA
L
KA
SLIDE – 06
Appendix A.11
AM
G
PA
SLIDE – 07
IP
TH
PA
L
KA
SLIDE – 08
Appendix A.12
AM
G
PA
SLIDE – 09
IP
TH
PA
L
KA
SLIDE – 10
Appendix A.13
AM
G
PA
SLIDE – 11
IP
TH
PA
L
KA
SLIDE – 12
Appendix A.14
AM
G
PA
SLIDE – 13
IP
TH
PA
L
KA
SLIDE – 14
Appendix A.15
AM
G
PA
SLIDE – 15
IP
TH
PA
L
KA
SLIDE – 16
Appendix A.16
AM
APPENDIX – II
G
PA
SAMPLE
IP
TH
INDUSTRY VISIT
PA
PROJECT REPORT
L
KA
Appendix A.17
A PROJECT REPORT
ON INDUSTRY VISIT
to
PRECISION TECH
COMPONENTS PVT. LTD
Submitted by
AM
DINESHKUMAR G
(Reg. No.: 23233256)
G
PA
Under the Esteemed Guidance of
IP
Appendix A.18
SRI VENKATESWARA
POLYTECHNIC COLLEGE
Adukkamparai, Vellore – 632 011.
BONAFIDE CERTIFICATE
AM
Register No. : 23233256
G
Name : DINESHKUMAR G PA
IP
Course : MECHANICAL ENGINEERING
TH
Semester : V SEMESTER
PA
Appendix A.19
TABLE OF CONTENTS
1) Acknowledgement
2) Executive Summary
3) Introduction
4) Name of the Industry/Organization
5) Introduction of the Industry
6) Type of the Industry
AM
7) Scope of the Industry
G
8) Plant Layout and Location
PA
9) Details of Plant and Machineries
IP
10) Process Flow Chart
TH
15) Marketing
16) Product Selling
17) Conclusion
18) References
19) Appendices
Appendix A.20
1. ACKNOWLEDGEMENT
AM
encouragement throughout the preparation of this project report.
G
PA
Our deepest appreciation goes to the management and staff of
PRECISION TECH COMPONENTS PVT. LTD, especially to
IP
dedicated time, and for patiently explaining the intricate details of their
PA
understanding.
KA
Appendix A.21
2. EXECUTIVE SUMMARY
This project report summarizes the learning experience gained from our
industrial visit to Precision Tech Components Pvt. Ltd. on 20.08.2025, located
at Chennai, Tamilnadu. Precision Tech Components Pvt. Ltd. is a prominent player
in the automotive component manufacturing sector, renowned for its high-precision
engineering and innovative product design.
AM
control mechanisms. We investigated into the company's plant layout, detailed
G
machinery, and the step-by-step process flow for the products. The report also covers
PA
their marketing strategies and product selling approaches. The insights gained from
this visit were instrumental in correlating theoretical academic knowledge with real-
IP
world industrial practices, enhancing our understanding of industrial management
TH
and production.
PA
L
KA
Appendix A.22
3. INTRODUCTION
AM
This report details the observations and insights gathered during our industrial
visit to to Precision Tech Components Pvt. Ltd., located at Chennai, Tamilnadu.
G
The visit was conducted on 20.08.2025 as a part of our Diploma in Mechanical
PA
Engineering curriculum, organized by Department of Mechanical Engineering, Sri
Venkateswara Polytechnic College. The objective was to gain first-hand experience
IP
of industrial operations, specifically focusing on the manufacturing processes of
TH
precision machine parts, quality control methodologies, and the overall industrial
PA
environment.
L
KA
Appendix A.23
4. NAME OF THE INDUSTRY/ORGANIZATION
AM
G
PA
IP
TH
PA
L
KA
Appendix A.24
5. INTRODUCTION OF THE INDUSTRY
With over a decade of experience, the company is known for its accuracy,
timely delivery, and strict quality control.
AM
G
PA
IP
TH
PA
L
KA
Appendix A.25
6. TYPE OF THE INDUSTRY
Category: Manufacturing
Sector: Mechanical Engineering / Machining
Ownership: Private Sector
Scale: Small to Medium Enterprise (SME)
AM
G
PA
IP
TH
PA
L
KA
Appendix A.26
7. SCOPE OF THE INDUSTRY
AM
G
PA
IP
TH
PA
L
KA
Appendix A.27
8. PLANT LAYOUT AND LOCATION
Layout Includes:
• Raw material storage
AM
• CNC machining bay
• Manual lathe section
G
• Quality inspection lab
• Assembly section
PA
•
IP
Finished goods area
TH
Appendix A.28
9. DETAILS OF PLANT AND MACHINERIES
AM
Machine (CMM)
G
PA
IP
TH
PA
L
KA
Appendix A.29
10. PROCESS FLOW CHART
Raw Material
Cutting
Turning (CNC)
Milling
AM
Drilling
G
Grinding
PA
Inspection
IP
Is the job No Rework / Scrap
TH
OK?
PA
Yes
Assembly
L
KA
Packing
Dispatch
Appendix A.30
11. MANUFACTURING METHODS
AM
G
PA
IP
TH
PA
L
KA
Appendix A.31
12. PROCESS OF MANUFACTURING
5) Inspection: Each part checked for dimensions, surface finish, and hardness.
AM
6) Assembly: Assembled where multiple components are involved.
G
7) Packing and Shipping: Packed in anti-rust wrapping and dispatched.
PA
IP
TH
PA
L
KA
Appendix A.32
13. PRODUCT MANUFACTURING
1) Products:
Precision shafts
Flanges
Brackets
Couplings
Gear blanks
2) Applications:
AM
Automotive engines
Gearboxes
G
Pumps
Textile machinery
PA
IP
3) Batch Size:
TH
Appendix A.33
14. QUALITY CONTROL
Quality Control (QC) and Quality Assurance (QA) are integral to all the
operations, ensuring that products meet strict industry and customer specifications.
AM
2) Stages of Quality Control:
Incoming Material Inspection: Raw materials are subjected to
G
chemical analysis, hardness tests, and visual inspection upon arrival.
PA
In-Process Quality Checks: Operators perform regular checks using
gauges at each workstation.
IP
Appendix A.34
15. MARKETING
AM
components that meet global standards.
Price: Competitive pricing strategy, often based on long-term contracts
G
and bulk orders for OEMs.
PA
Place (Distribution): Direct sales to large industrial clients, strong
IP
distribution network for aftermarket sales, strategic location near major
TH
automotive clusters.
Appendix A.35
16. PRODUCT SELLING
2) Sales Process:
AM
Lead Generation: Through trade shows, industry referrals, direct
outreach.
G
Quotation and Negotiation: Detailed technical and commercial
PA
proposals are submitted, followed by negotiations.
IP
Contract Finalization: Long-term supply agreements are common,
especially with OEMs.
TH
management.
Logistics and Delivery: Utilizes both their own fleet and third-party
L
KA
3) Market Reach: Serves clients across India and exports to Southeast Asia and
Europe.
4) Sales Volume/Growth: The company reported a 15% year-on-year growth
in sales volume last fiscal year.
Appendix A.36
17. CONCLUSION
The industrial visit to Precision Tech Components Pvt. Ltd. was an extremely
enriching and insightful experience. The company combines technology and
craftsmanship, making it a good example of a modern SME contributing to India’s
manufacturing sector under "Make in India."
AM
The sophisticated plant layout and the strategic importance of its location.
The array of advanced machinery and technologies employed in various
G
stages of production.
PA
The meticulous step-by-step process flow and manufacturing methods.
IP
The rigorous quality control and assurance practices embedded throughout
TH
the operations.
PA
The strategic marketing and product selling approaches tailored to their B2B
client base.
L
KA
This visit successfully bridged the gap between our theoretical knowledge and
practical industrial applications, reinforcing concepts from Manufacturing
Technology, Industrial Engineering and Quality Management. The dedication to
quality, efficiency, and safety observed at this industry serves as an excellent
benchmark for aspiring engineers. We are confident that the insights gained will
significantly contribute to our academic pursuits and future professional careers in
the mechanical engineering domain.
Appendix A.37
18. REFERENCES
AM
G
PA
IP
TH
PA
L
KA
Appendix A.38
19. APPENDICES
1) Photographs
Insert relevant photographs taken during the visit, with clear captions. Ensure
you had explicit permission to take photos and use them in your report.
The photos can include Machine Photos, Flow Chart Diagram, Sample
Product Photos and ISO Certificate Copy
2) Company Brochure/Pamphlet
AM
If you collected any, you can scan and attach them along with the report or
state "Attached separately as hard copy."
G
3) Visit Permission Letter
PA
IP
Attach the official letter from your institution for the industrial visit.
TH
PA
L
KA
Appendix A.39
MODEL QUESTION PAPERS
CONTINUOUS ASSESSMENT TEST – 1
THEORY EXAMINATION
Course : V Semester Mechanical Engineering Time : 2 Hrs.
Subject : Innovation and Startup Max. Marks : 50
PART – A
Answer any TEN of the following questions. 10 × 30 = 30 Marks
1) Define creativity.
2) List out the types of innovation.
3) What is divergent thinking?
AM
4) List out the steps in design thinking.
5) What is entrepreneurship?
G
6) What is idea generation?
7) List out the benefits of incubation clubs. PA
8) Give the importance of innovation management.
IP
9) Define IPR.
TH
PART – B
Answer any FOUR of the following questions. 4 × 5 = 20 Marks
16) Briefly explain the innovation in current environment.
17) Explain the steps of innovation management.
18) Explain the various marketing strategies for innovative products.
19) Explain the steps in the creation of IPR.
20) Explain the procedure for registration of start-up in India.
21) Explain the eligibility criteria and supports provided through NEEDS.
AM
6) List out the importance of idea generation.
7) What is prototype development?
G
8) List out the objectives of innovation management.
9) Define pattent.
10) Give examples of copyrighted works.
PA
IP
11) What is start-up?
12) What are the eligibility criteria to register as a start-up in India?
TH
17) (a) Explain the common techniques for idea generation. (OR)
(b) Explain the various types of IPR with examples.
18) (a) Explain the procedure for registration of start-up in India. (OR)
(b) Briefly explain about MUDRA scheme?
PART – B
i) Presentation of Industry Visit Project Report ........................................ 25 Marks
ii) Interaction and Evaluation ..................................................................... 30 Marks