1. Online Incubation Platform
Francis Xavier M
P R Srikanth
Sai Ram Reddy Pulusu

2. Objective Avishkarnet.com
To provide a platform for the participating players to interact freely
To protect the IPR’s of the players by not disclosing any information without their knowledge
To create and promote a platform for intellectual discussion for improving ideas that are generated
To promote open sharing of ideas

3. Stakeholders The platform has to cater to the needs of variety of stakeholders
Innovators
Entrepreneurs
Fund providers
Knowledge partners
Designers
Manufacturers
Vendors
Students/Volunteers

4. Incubation platform The platform should not create barriers for exchange of ideas
No registration fee
No need for communication off the platform
Different parts of platform accessible for different players
Blogs and forums for exchange of ideas
Platform to facilitate all needs for interaction including payment gateway and live chat
Every user will have be earmarked for some online space for storage of files
Revenue will be based on commission off transactions.

5. Features Requires accessing different databases simultaneously
Forum
Blog
User profile
Chat
Vendor page
Rate a post or user
Comment
Mentoring
Referrals

6. Barriers and transaction costs(1/2) Proper measures have to be put in place for removing mental barriers of innovators
Mistrust on incubators
An NDA has to be signed which is legally binding on both the parties
Past record of incubators will be available on the site which should be validated by the website
Search cost
Incubators will be tagged based on successes in the past
Information search cost will be reduced
Help offered on request – helpline number can be setup
Finding suppliers and purchases will be made easy through the e-commerce module

7. Barriers and transaction costs(2/2) Proper measures have to be put in place for removing mental barriers of innovators
If the components are not supplied according to the requirement of innovator, issue can be raised and payment is made in further development in the contract
Conflict resolution
Incase of failure of the product, blame game will be avoided by thorough analysis of cause and assigning the responsibility
Redrawing a contract or terminating a contract after significant work is done will be taken up looking to financial estimations of the projects. Penalty for withdrawing from the contract will be decided before the contract is formed

8. Revenue Model Registrations will be free
Targeted advertisements will generate revenue in due course
Any contract drawn through the site will generate commissions
1% on deals
2% on purchases
Fixed amount on design projects
Fixed amount for paid mentorship

9. Snapshot of Homepage

10. Snapshot of forum

11. Snapshot of blog

12. Snapshot of product catalog