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Tata Innovista 2012

Inspiring Tata companies to participate

Tata Innovista is back!

Award Categories
Old name: The Leading Edge (TLE) New name:The Leading Edge Unproven Ideas NEW AWARD The Leading Edge Proven Technology
Successfully tested but not yet commercialized

Old name: Promising Innovation (PI) New name: - no change Successful Commercialization

IDEA

CONCEPT

DEVELOPMENT

TESTING

LAUNCH

Decide which idea to pursue

Select ideas for resourcing decisions

Design meets desired features?

Product Testing

Commercial success?

Ideas for new products or process innovations

Conceptualize the idea and build a business case

Experiment Develop technology Design Prototype

Testing and validation

Market penetration and profits

Failures at any stage


Old name: Dare to Try (DTT) New name: - no change 3

Award Definitions
Dare to Try (DTT)
All ideas need not succeed. Ideas that were attempted but failed at either the development stage or testing stage or at the commercialization stage would qualify for this award.

Promising Innovations (PI)


This award is for innovations which were implemented successfully and have achieved results they promised. Projects that have just been piloted do not qualify for this category

The Leading Edge - Unproven Ideas

earlier known as The Leading Edge

This award recognizes those ideas that are new to the Tata Group. It is an idea that is not on the drawing boards of any Tata company but could become a game changer if adopted.

The Leading Edge - Proven Technology

This is a new category of awards

This award recognizes those technologies that have been tested / piloted successfully but are yet to be commercialized. These technologies hold a promise to deliver big innovations.

Promising Innovations
Product innovation:
This is mostly applicable for Product industries. Following types of entries could be submitted:
All new product launches New variants of current products where the existing product has been changed significantly, or the change has helped in extending the product to new markets/customers.

Service innovation:
This is applicable to service industries dominantly. This is additionally applicable to Product companies, which provide services to support their products. Following types of entries could be submitted: A new service or significantly improved (with new concepts and ideas) existing service. A new product, which is considered to be innovative dominantly due to innovations in the service component of the product.

Promising Innovations
Innovation in operational process:
This category is applicable to ALL industries. All innovations that have created/enhanced the Operational Processes are eligible. Definition of Operational process: All processes of the company excluding those mentioned in the Support Process category.

Innovation in support processes:


This category is applicable to ALL industries. All innovations that have created/enhanced the Support Processes are eligible. Definition of Support Process: These include HR, Finance & Accounting, Marketing, Branding, Advertising, Internal IT, Administration only.

Green innovation:
This category is applicable to ALL industries. All innovations that dominantly address the issues/cause of Climate Change are eligible

Business Model innovation:


This is applicable for all types of industries. New business models that have changed the Revenue or Cost model of the company/BU/LOB are the ones that would get awarded under this category.

TLE UI themes
1. Emerging Services driven by new developments pertaining to Internet, Mobile and Value added services 2. Emerging Services driven by new government policies and initiatives eg UID etc 3. New Services emerging due to improvements in Infrastructure

4. Emerging Services to address increasing security needs (both physical as well as digital domain)
5. Emerging Healthcare Services including but not limited to changes driven by IT 6. New manufacturing technologies in High-Tech industries (not including Semiconductors) 7. New opportunities in the field of Water Management 8. Waste management

Innovista 2012 evaluation criteria


Promising Innovation
Novelty / uniqueness of the outcome (50%) Impact of the past outcome - Economic, Social and Environment (25%) Potential future impact of the outcome - Economic, Social and Environment (25%)

Dare to Try
Novelty / uniqueness in the attempted outcome (25%) Projected impact of the outcome - Economic, Social and Environment (25%) Efforts put in & risks involved (25%) Raring to go again (25%)

The Leading Edge Unproven Ideas


Novelty / uniqueness of the idea (50%) Impact of the outcome - Economic, Social and Environment (25%) Relevance to the themes and values (25%)

The Leading Edge Proven Technologies


Novelty / uniqueness of the technology (50%) Potential Impact of the outcome - Economic, Social and Environment (25%) Alignment with company goals (25%)
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Awards Process
Submission of entries on www.tatainnovista.com 7th Nov to 31st Dec

Promising Innovations

Dare to Try

The Leading Edge Proven Technologies

The Leading Edge Unproven Ideas

Pre Regional Jury (online)


(Senior Tata Managers from all sectors, using welldefined evaluation criteria)

Regional Innovista
(Selected teams make 15 mins presentation including Q&A, Regional Jury guided by same evaluation criteria as pre-regional)

Regional Winners Announced Same Day


(As per selection criteria for teams per region)

Tata Innovista 25th 26th April, 2012


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Timeline

Nov

Dec

Jan

Feb

Mar

Apr

Entry Submission
Pre regional Jury evaluation Regional Innovista

Tata Innovista

April 25, 26

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Participation Statistics
Overall participation

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