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Indian Institute of Technology Bombay

Technology Commercialization & New Product Development

Indian Institute of Technology Bombay and NPTEL via Swayam

Overview

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ABOUT THE COURSE:Disciplined InnovationParticipants will be introduced to ''Disciplined Innovation'', a practical methodology to navigate the complexities of bringing ideas to market, ensuring both technical feasibility and commercial success.Problem Pull vs. Tech Push Development: Learn how to identify market needs and align technology solutions accordingly.8C Problem Discovery Framework: Master a structured approach to uncovering and defining critical problems worth solving.8P Product Development Framework: Gain expertise in designing, developing, and delivering impactful products.WIMF (Winning in Market Framework): Understand strategies to position your innovation for market success.TRL (Technology Readiness Level) Assessment Framework: Assess and advance the maturity of your technology.Technology Translation & Commercialisation: Leverage cutting-edge technologies to create disruptive opportunities.Access to customised AI ToolsParticipants will get access to customised AI Tools and be able to explore a wide range of Startup Business Ideas, Technology Concepts, New Product Launch & Financial Planning. This will help them augment their in-course learning with hands-on Ideation & End-to-End Simulation.Whether you’re an academic aiming to bridge research and industry, a professional driving product innovation, or an entrepreneur building the next big startup, this course equips you with the knowledge, frameworks, and skills to succeed in today’s competitive technology landscape.INTENDED AUDIENCE:All Engineering, Science, Arts, and Commerce Faculty & Students, interested in Management & Entrepreneurship.Young professionals, Entrepreneurs (e.g, Product, Brand, and R&D Managers), and aspiring Entrepreneurs planning to launch new products or start a new business ventureMicro Entrepreneurs, MSMEs, and Family Business OwnersFaculty, Incubator Managers, and R&D Laboratory HeadsINDUSTRY SUPPORT:Entrepreneurship & Atmanirbharta based on indigenous technology development are national priorities for India. It is being encouraged across all educational institutesVarious Ministries, PSUs, Incubators, Higher Education Institutes, and private organizations support entrepreneurship & indigenous technology/product development through grants, CSR funds, and R&D partnering. Atal Innovation Mission (AIM) is the Government of India’s flagship initiative to create and promote a culture of innovation and entrepreneurship across the length and breadth of our country.

Syllabus

Week 1:Introductory Module
  • Introduction to Disciplined Innovation
Technology Landscape & Commercialisation Approaches
  • Global Technology Landscape
  • ‘Problem Pull’ vs. ‘Technology Push’
  • Industry Expert Session
Week 2: ‘Problem Pull’ Technology Development
  • 8C Problem Discovery Framework
  • 8P Product Innovation Framework
Week 3: Problem Pull Technology Development (Contd)
  • WIMF – Winning in Market Framework 1 – Creating Customer Value
  • WIMF – Winning in Market Framework 2 – Delivering Customer Value
Week 4: Technology Translation & Commercialisation
  • Technology Readiness Assessment – TRL Framework
  • Translational Research
  • Technology Commercialisation
  • Industry Expert Session
BONUS Module: Disciplined Innovation - Customised AI Tools

Taught by

Prof. Devdip Purkayastha, Prof. Rajkumar Hirwani

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