| Formative Stage
Formation stage is carried out by the incubation
centers at TEXworld. Reconnaissance and exploration
make up a bulk of the work done during this stage.
|
Reconnaissance
We plunge into the unknown to develop a deep understanding
of the undertaking and its environment. The activities
carried out are :
- Perform secondary research to understand
the landscape
- Identify required collaborators from
TEXworld, client and industry
- Form a cross disciplinary team
- Develop deep understanding of the
problem domain
- Develop understanding of the ecosystem
and environment of the client business
Exploration
The goal is to demystify the enigma and chart out a
broad scope. In order to roll out a successful new-to-the-market
product or service, it is very essential to be able
to forecast the future and understand the role of emerging
and future technologies.
- Forecast the future state through
scenario planning or Delphi methods
- Identify opportunities in the described
future state
- Establish need through customer
insight and interaction with visionaries
- Identify market niche
- Develop business case for potential
opportunities identified
- Develop Intellectual Property Strategies
- Perform early stage technical feasibility
- Develop Proof of Concept prototypes
- Synthesize product and technology
strategies
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