Building enterprises that sustain, grow, impact, and endure! “I wish to build a big business in the future” expressed my colleague’s uber driver on her way back from work. On a day when Inc42 published a piece analysing the ‘Steep Drop’ in the late stage funding of startups in India…

The primary objective of the Forge Venture Rubric (FVR) is to validate the startup’s potential to emerge as a winning technology/product in the industrial digital transformation market and a high-growth industrial technology company. The added benefit of this assessment is the identification of specific interventions that are critically needed to…

Case for Metrics & Milestones In FORGE, we firmly believe that Incubation at its core is primarily about creating enterprises by nurturing ideas from innovators who otherwise stand a very slim chance of achieving success. From our experience, startup founders with very few exceptions generally lack the ability to define the most critical metrics to…

In order for us to convert Engineering Graduates in to Graduate Innovation Engineers, who are equipped with the skills and competencies to become key contributors in developing Innovative product ideas into successful market-ready products in both Corporates and Startups, we are launching FORGE.FMPI is a Fellowship in Managing Product Innovations…

A guide to understand the terms used in the rubric, as well as a few Do’s & Don’ts to make sure you put the rubric to work as a rigorous diagnostic tool for product innovations — Product Innovation Hypotheses In order to evaluate the potential of Product Innovations and to gauge the progress of the Innovator, the FIR serves as the diagnostic tool for continuously assessing the inherent risks, which can be mitigated only through a process of validation. Doing so requires a standardised input — set of facts…

A guide to the diagnostic technique for evaluating product innovations based on agile customer validation, and linking the technique to the process of managing product innovations to fast-track progress and achieve success. In this blog I have presented a framework to evaluate, score and rank one category of innovations —…

A diagnostic tool to guide innovators through a fast-tracked process of validating inherent risks by linking their progress to customer-acceptance and customer-commitment, and thereby evaluating the true market potential of product innovations. For any Product Innovation, Validation Risk is associated with the following factors: #1 Problem definition & Customer selection…

Are there good and bad innovations, as much as there are right and wrong innovations? Good v/s Bad is judgmental, but maybe there can be right and wrong, purely based on how the innovators go about innovating, which then puts us in a spot: ‘How good or How bad?’ ‘How…

#1 Problem Statement Q-1: <What is the core problem you are trying to solve?> Q-2: <Who are the different beneficiaries that shall benefit if this problem were to be solved? Describe the problem as faced by each beneficiary.> Q-3: <What are the expectations of the beneficiaries?In terms of pains to be relieved and…