Business Model Canvas:
This template is for incrementally developing new or documenting existing business model of your solution. This is a visual chart with elements describing nine building blocks of your business model. Please see the short video by Alexander Osterwalder for description of each blocks: www.youtube.com/watch?v=RpFiL-1TVLw
Invention Disclosure Form (IDF):
The purpose of this template is to get a description of an invention in such a way that we understand what it is and what it will be used for. We need to understand what is novel and non-obvious if we shall evaluate the possibility for patent protection. We also need to understand who the user of the invention and what advantage it will offers in order to analyze the market.
Templates:
Business Model Canvas Template
TamilSeed innovation process consist of 5 essential phases
Registration phase: Submitting the proposal by filling the Invention Disclosure Form and send it to post@tamilseed.org
Evaluation phase: TamilSeed will evaluate and select propoals according to the defined evaluation criteria. In addition, patentability of the proposal will be evaluated.
Building something nobody wants is the number one reason for new business failure. But even if you do build something that customers want, you can still fail to build an appropriate business model around it. So test your proposal to be sure you’ve achieved the proper fit with the market
You should always be striving to achieve three kinds of fit for your proposal: Problem-Solution Fit, Product-Market Fit, and Business Model Fit. Achieving these three kinds of fit will help you minimize the risk of failure. Use Busness model canvas template for incrementally developing business model of your proposal .
Problem-Solution Fit phase: This occurs when you have evidence that customers care about certain jobs, pains, and gains. At this stage you’ve proved the existence of a problem and have designed a value proposition that addresses your customers’ jobs, pains and gains. Unfortunately you still do not have clear evidence that your customer really care enough about your value proposition enough to buy it.
Product-Market Fit phase: Occurs when you have evidence that your value proposition is actually creating value for customers by alleviating their pains and creating the gains they desire. Your product or service is beginning to gain traction in the market and you’ve gone through the long and iterative process of running tests that have validated and invalidated the various assumptions underlying your value proposition.
Business Model Fit phase: Occurs when you have evidence that your value proposition is embedded in a profitable and scalable business model. You have done the laborious back and forth between designing a value proposition that creates value for your customers and a business model that creates value for you/your organizaton. You have found the right business model that delivers optimal profitability.