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2. In 250 words, describe the opportunity that you plan to tackle.NOTE: DO NOT
PROPOSE A SOLUTION. JUST IDENTIFY THE NEED THAT YOU PLAN TO
SOLVE
3. Which of the 8 Opportunity Categories (Slide 10) does your opportunity fall under?
a. Adds Value
b. Customisation
c. Increases Reach
4. What is the trend and the discontinuity that relates to your opportunity? Justify with
data and research.
Our product fits into the trends of the current market. The need in the current market
is to get more work done, quicker and with lower number of people. In any military or
disaster management situation the speed and easiness of evacuation is being valued.
Hence our product would not only increase the speed, easiness of use and transport of
patients it would also reduce the manpower required for transportation. Hence fitting
into the general trend of the market today.
Innocentive.com, a global platform that invites solutions for real-life problems from
seekers (A Military organisation in this case) had sought solutions to address this
problem.
5. Why do you think this problem can be solved (Note: I am not asking you to solve the
problem. I am just asking you to prove that there is enough knowledge that exists out
there that can help you design an effective solution for the problem)?
6. Who are your customers? Justify with data or evidence why this is important to them?
(iii) Hospitals
8. Is the overall context favourable for your venture? Justify with data and research.
Yes, because with the fast pace and complexities of civilised life, it is not
uncommon to meet situations of emergency, both in military and civil life,
wherein an acute shortage of time, suitable equipment and additional hands
(manpower), tell on the quality of the operation to rescue the critically injured.
9. Does your team possess the necessary entrepreneurial, technical and business skills to
pull this off? Describe why you think your team can succeed. Point out individual
skills and experiences if possible.
Our team comprises technically sound personnel who can prototype, test and
customise the solution to suit suit various target user groups and situations. One of
our team members is trained in areas of securing the Intellectual Property which can
be Licensed out to ensure a steady revenue stream. There are also members who have
expertise in mechanical and structural element engineering who can engineer the
product as per requirements.
10. Can you attract the necessary resources required for your venture? Justify
Yes, in the first phase, we propose to build the prototype and then approach
organisations such as the DRDO, Fire services of various states in the country.At a
later date we propose to approach similar organisations outside India.