Inventix Innovation Centres
A platform for B2B and B2A to work together on innovation and business opportunities
Inventix is a B2B and B2A platform both in digital (web-portal) and physical format. VentureWorkX will manage these Centres in association with a chosen host organisation to provide a platform for foreign and domestic companies and universities to work together on innovation, product customisation, Make in India, prototyping and trials, and technology partnerships between organisations to accelerate the marketing and sales of such technologies. VentureWorkX will assist Centre members in defining new projects of common interest, organising a consortia of interested organisations interested in working together and facilitating agreements between interested parties on starting joint work. It will further assist, if needed, in securing governmental grant funding and private investments required to prove out the technology developed in these projects. VentureWorkX will also support member consortia or individual companies through its partner network of business companies in India who can assist with further investment, distributorship, agency and manufacturing arrangements. The proposed Innovation Centres will establish a strong foundation for members to work on innovation agenda benefitting from various amenities including quality space, IT infrastructure, meeting and seminar rooms, laboratory facilities, equipment, and business support for setting up and managing innovation projects. In summary:
For B2B (Business to Business) platform Inventix supports International companies export their innovative products and services to high growth economies such as India, establish local partnerships, customise manufacture and sell their products and services in India, or globally using India as a manufacturing hub. Such platforms bring together industrial partners, universities, suppliers, investors, agents and stakeholders under one umbrella. VentureWorkX can provide services for product customisation and networking with manufacturers, distributors and agents. It also supports indigenous companies in India enhance their innovation capabilities and benefit from the global exports market by working together with International partners. We also work with start-ups and venture funds to support product development and deployment.
For B2A (Business to Academia) platform Inventix assists universities with business interface, international partnerships, high quality innovation and improving quality of teaching/research/overall management for recognition and ratings. Academic institutions can join Inventix to boost their R&D in specific thematic areas. VentureWorkX will be establishing a number of innovation platforms in India in the thematic areas of Future Mobility (first to be established), Healthcare, Defence, Smart Agriculture, Engineering and Construction, Security and Surveillance, Energy, Utilities and Renewables.
Role of Inventix for B2B
Inventix brings together International and Indian companies with universities, suppliers, investors, agents and stakeholders under one umbrella. We support International companies customise and sell their products in India benefitting from our local network of manufacturers, distributors and agents. We also support indigenous companies in India enhance their innovation capabilities and benefit from the global exports market by working together with International companies. Inventix provides the digital or physical space where R&D collaboration takes place. It can provide:
- Physical managed space for companies to work together on specific projects
- Access to suppliers that can accelerate design and product development
- Laboratories and machinery for local prototyping, testing
- Expert guidance and courses on technical and project management areas
- Rapid prototyping at low costs
Role of Inventix for B2A
VentureWorkX provides academic institutions a fee based membership to its academic development platform to enhance their innovation, research and overall growth supported by VentureWorkX experts, services and global interfacing listed on the next page. The academic development platform comprises of:
- Online cloud based resources and services for accelerating research and innovation through experts, suppliers and partners
- Dedicated account manager and support team for online and offline needs
- Events to support faculty (seminars and workshops) both online and physical
- Interaction opportunities with industry leaders, funding agencies and policy makers
- On-site guidance, consultancy and support through Forgeahead programme
- Training and upskilling courses designed to meet the needs of individual institutions
- Guidance and support for developing solutions to societal issues in cooperation with state governments on projects of national significance
- International cooperation with foreign universities on specific innovation and research agenda
The following Table shows which of the services form part of Inventix Innovation Centres for academic collaboration as opposed Forgeahead program. It is important to note that setting up Inventix site physically at an academic partner site may be a part of Forgeahead strategy.
| Code | VentureWorkX Services | Online | On-site | Theme |
| IC1 | Academic partnership with member companies to set-up joint research projects at undergraduate, postgraduate and PhD level | √ | Inventix | |
| IC2 | Consortia formation and grant writing services with companies and global academia to work on key projects with national and international grant funding bodies, or with government support | √ | Inventix | |
| IC3 | Setting up of industry sponsored PhDs | √ | Inventix | |
| IC4 | Visiting programmes and student-staff exchange possibilities with companies and foreign universities | √ | Inventix | |
| IC5 | Global student placements and jobs for high flyers | √ | Inventix | |
| IC6 | Support on new Intellectual Property Development and protection, Start-ups and academic spin-off companies | √ | Inventix | |
| IC7 | Set-up of physical innovation centres at university campus with upskilling partners and courses | √ | Inventix | |
| F1 | An SWOT appraisal of academic research and teaching capability by leading experts of repute | √ | Forgeahead | |
| F2 | Train the trainers programme for teachers -researchers | √ | √ | Forgeahead |
| F3 | World-class expert training from internationally renowned academics and industry on how to carry out world-class research projects and write papers as a series of physical and virtual seminars | √ | √ | Forgeahead |
| F4 | Dedicated support to a chosen cohort of academics or departments through specific training courses on writing grant applications, research papers, project presentations and project management | √ | √ | Forgeahead |
| F5 | Mentoring services from national and international experts on R&D, rankings and recognition | √ | √ | Forgeahead |
| F6 | Design of new teaching courses and rejuvenating existing courses with industry interface, laboratory modernisation | √ | Forgeahead | |
| F7 | Strategic set-up of Centres of Innovative Technology to support government initiatives | √ | Forgeahead | |
| F8 | Strategic planning for overall university growth, business planning, international partnerships and professional management | √ | Forgeahead |
Benefits of joining Inventix
BENEFITS FOR INTERNATIONAL COMPANIES
- Reduced cost of R&D development
- Rapid and accelerated development from idea to prototype to real-world testing
- Identification of new business opportunities and assistance on IP protection
- Customisation of their existing products to low-cost alternatives better suited for sales in developing nations
- Engagement with companies in India who can invest, co-develop, manufacture, distribute, tender and sell their products
- Taking advantage of Make in India which can be a base for global exports saving on cost
BENEFITS FOR INDIAN BUSINESSES
- R&D development of world-class level with proper guidance, hand-holding and support from area experts
- Facilitated engagement with international companies leading to agreements on sales, technology transfer and setting up manufacturing facilities
- Keeping up with the latest technology and generating new products and services
- Ability to participate in high technology tenders under Make in India programme
- Engagement with academic sector that can provide trained labour, training and infrastructure for technology incubation
BENEFITS FOR ACADEMIC PARTNERS
- Opportunity to get involved in innovation projects with leading companies
- Opportunity to upgrade academic research quality
- Opportunity to get Grant Funding working together with Industry on cutting-edge work
- Opportunity to launch new courses in collaboration with Inventix
- Opportunity to get PhD and research funds direct from Inventix members
- Greater visibility and recognition amongst students, government R&D funding bodies and the public through applied courses, conferences and other focussed events