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Published byAllison Harvey Modified over 6 years ago
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PRODUCT NAME Team Leader: Faculty/ Research Alliance: Address: Email:
Mobile No.: Picture of Product
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PRODUCT FEATURES Specify the information about your invention / innovation such as a product features, Capabilities, technical features and functional . Attach a diagram if applicable.
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MARKET NEED ANALYSIS (NEED)
Background/ current problem The important customer and market value potential industrial partners What is market needs? Is there evidence of market need? Is it specific market opportunities identify with market size and end market clearly stated?
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DESCRIPTION OF THE PRODUCT (APPROCH)
Degree of Originality and Novelty Degree of Inventiveness Technology Innovation Purpose of invention/ product Functionalty Does the research product solve any problem? Is the product of significance in that technology field? Does it give any meaning or impact to life?
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BENEFITS OF THE PRODUCTS (BENEFIT)
Extent of Utility, Usefulness and Application Technology Application Advantages/ Applications What are the market benefits with this invention such as low cost, high performance or quick response? INSPIRING CREATIVE AND INNOVATIVE MINDS
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MARKET COMPETITION New market or penetration of existing market?
Is the market in uprising or declining? Those threatening you today or in the future Who is the competitor? Is it the invention comparable or superior to similar product in the market? Why this invention better than the competitor? What are the alternative now and the future?
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POTENTIAL MARKET Benefits per cost (the customer value)
Market analysis Marketing Strategies Potential size and value Has potential industrial partners being identified? Please list the industry or agency that has the potential for this invention are marketed
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COMMERCIALIZATION APPROACH
Strategy for Commercialization Unique, compelling approach Patent strength Shelf life of the innovation Innovation status What is our compelling solution to the specific market need? What is solution to the specific market need? Any preparation for proposal or business plan?
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RELATED PUBLICATIONS List any of your publications related to the proposed product
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Summary; Re-state and be clear of your invention’s uniqueness, especially if there are other similar products but of different variants. Acknowledgement
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