I mean we all have heard of Innovation processes of large blue chip companies which hire people from crème de la crème Institutes who work to solve problems with the objective to find the next growth path for company or solve economic & society issues.
But what exactly motivates a common man to come up with an Innovative Idea? What Motivates him/her to create something new with bare minimum resources? What makes them to persevere even after many failures?
Do they have the need to change things which makes them to carry on & Innovate.
Below are some of the many, many examples from India wherein common people have Innovated & changed things at the same time creating a possibility to set up new entrepreneurial Indian Ventures.
This is what I call GRASSROOT INNOVATIONS.
Check out the following Videos of INDIAN INNOVATORS. Also check out the National Innovation Foundation providing institutional support in scouting, spawning, sustaining and scaling up grassroots innovations and helping their transition to self supporting activities.
What can we do to make these unique Ideas into a profitable & sustaining businesses & unlock their massive values?
Some of the colleges like Welingkar Institute of Management have already started this process (of which I was part of, while I was in Welingkar) of providing marketing & business knowledge assistance & are developing business concepts/models.