Research and Innovation Tracks with General Guidelines on the Preliminary Market Assessment

Research and Innovation Tracks with General Guidelines on the Preliminary Market Assessment or Project Research

Phase-1 Process

Process Steps Track-1 Technology/Product Development Track-2: Application-Based Research The core idea and innovation can be The core idea and research can be correlated correlated with the potential user group: with the potential knowledge advancement and discovery towards addressing needs for Need: What is the need? Why users need it? an application.

Significance: Will the innovation really help Need: What is the problem in research that is them and address a critical need? How many not well understood? Does it correlate to an would use it? application?

Potential Impact: If the innovation is Significance: Will the research in the area successful, what is potential impact in the solving complex problems towards the society or addressing unmet market needs? application? Are potential applications important?

Potential Impact: If the research is successful, will it open pathways to innovation or further research in addressing specific application problems?

1. Preliminary Market Research Web and published data research and analysis Web and published data research and analysis to establish, need, significance and potential to establish, need, significance and potential impact. impact.

Find general data and statistics about unmet Find general need and significance about needs, their importance and the volume of research problem from published research potential users. journal and conference papers and web publications. Investigator why the research is important in improving knowledge-base for future research and applications.

2. Market Survey or Literature Review Identify user group within your reach. Complete study of published papers with respect to approaches, methodologies and Develop an effect market survey results to establish the understanding of questionnaire. current state-of-the-art knowledge base.

Reach out to user group through effective Summarize the research findings and how communication channels or personal they can build a foundation to your future distributions to obtain their response. research.

Summarize market survey responses to establish a knowledge-base for your innovation and preliminary specification of the potential product. 3. Interact with the Real World Experts Meet with experts in the market or leaders in Meet with leading researchers in the field and the user groups to discuss your product idea, your advisor to discuss your research idea and innovation and preliminary specifications approach.

Summarize their feedback to guide future Summarize their feedback to guide future developments. developments.

Obtain any endorsement or comments on Obtain any endorsement or comments on enthusiasm for the project if possible. enthusiasm for the research project if possible.