Innovation is a new idea, more effective device or process. This is accomplished through more effective products, processes, services, technologies, or ideas that are readily available to markets, governments.
There are 10 Ways to boost Innovations
- Have a vision for change
- Fight the fear of change
- Think like a venture capitalist
- Have a dynamic suggestion scheme
- Break the rules
- Give everyone two jobs
- Welcome failure
- Build prototypes
- Be passionate
The process of translating an idea or invention into a good or service that creates value or for which customers will pay. Innovation is synonymous with risk-taking and organizations that create revolutionary products or technologies take on the greatest risk because they create new markets.
Trident Academy of Creative Technology(TACT) has been leaving no stone unturned in bringing in new concepts, designs, and creations as a whole of eco-system of INNOVATION. It relentlessly encourages all the students to embark on the journey to achieving innovative entrepreneurship process and product as their raison detre. Facilities for implementation of students’ innovations and entrepreneurship, an ED Cell (Entrepreneurship Development Cell) and an IEDC (Innovation and Entrepreneurship Development Centre) supported by DST, GoI, New Delhi were established in the Trident.
Venture Capital is a driving force behind entrepreneurship and innovation. It fuels the economy, creates growth opportunities for companies large and small and, it funds the business development strategies of major corporations. Hence, to support the handholding for new ideas of Innovators in to real product in the market, the Business Incubation Centre was established with a support from MSME, GoI, New Delhi.