outliers innovation
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© Zeus Numerix Pvt. Ltd.
Outliers: Pains and Pleasures
What it is to be an outlier and remain one
Abhishek Jain
Outliers: Pains and Pleasures2
Slide titles
Consumer – In India and world
Funds and allocation of funds
Process of innovation
Budget for R&D
Outcome of R&D is blurred
How to start-up in innovation centric space
Tips for entrepreneurs in Innovation – donkey image
Outside IITians start up
Government of India
Outliers: Pains and Pleasures3
Overview
Phase I
Who are we
The technical stuff
Phase II
How others see it: The importance of Vocabulary
Customers: Where and how
Money for R&D
Tips
Phase III
Don’t go MAD
Outliers: Pains and Pleasures4
What’s in PPT
Please bear
Bad jokes: PJs
Poor English
Uninteresting tech stuff
But in between that
I will share our experience
May be tell you what not to do
Inspire you to innovate
This is strictly personal opinion and not my company’s so any brickbats are on me!
Outliers: Pains and Pleasures
INTRODUCTION
Brief introduction of what we do and how
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Outliers: Pains and Pleasures6
Who are WE
Zeus Numerix is the first and only company in India to have developed indigenous software in the field of numerical simulations IITZeus
CFD Group (1992)
SINESociety for Innovation & Entrepreneurship
IIT Bombay DSTDepartment of Science & Technology
Zeus Numerix Pvt Ltd (2004)
Outliers: Pains and Pleasures
What is Simulation
Something that was to happen actually is predicted on computer
Obviously, there are many types of simulations
Computer games
Ones based on actual physics and used for developing real life products are complex
Solve millions of equations on supercomputer to find the actual happening within some accuracy
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Outliers: Pains and Pleasures
Sample Results
Bomb falling from an Aircraft
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Outliers: Pains and Pleasures
Sample Results
Building on Fire
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Outliers: Pains and Pleasures
Comparison with the World
Most companies make one type of software
We try to make all
Buying companies to make one pool of software
We develop on our own
Give off the shelf software
Customize to the extent possible
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Outliers: Pains and Pleasures
The Medal
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Outliers: Pains and Pleasures
OUTLIERS
Pains and pleasures that you get while having an innovative business
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Outliers: Pains and Pleasures
The Vocabulary
Engineering services pitch
We do high end design and modeling and are capable of providing end to end services
Design?
Most CAD data handling or text book design
Modeling?
Making 3D CAD files
End to End?
Give me the low end work and I will support you till the end
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Outliers: Pains and Pleasures14
The Indian Customer
Have you done it before
Do you have an experience in doing this kind of stuff
How many people do you have
Who are your customers
Play safe policy!
Outliers: Pains and Pleasures
The Foreign Customer
Do you have the required wherewithal to do it?
Are your people qualified enough?
See, we do our own R&D, but we are outsourcing something else if you are interested
If it is so expensive here, we might as well get it done at our place
What if you don’t deliver?
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Outliers: Pains and Pleasures
Funds
Innovation requires a lot of funds – where do we get that
How do we monitor the progress of an individual
Which employee is on tougher problem
Do we have fixed budget or a variable budget for R&D
Can we afford a budget for R&D
Where will that money come from
What if the outcome is not as great
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Outliers: Pains and Pleasures
The People
How do you recruit and from where
Peer pressure
My dost Gajodhar earns twice as me doing simple work
How to maintain their motivation
Handling separation
How do you fire people
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Outliers: Pains and Pleasures
Marketing
Find some bold customers
He is just a go getter
He is annoyed with previous vendor’s work
He doesn’t find anybody willing to provide such service
Grab him, at any cost
Create reference
While negotiating keep cost aside and bargain for better advt
Do pilots if time allows
Make the previous customer a demi-god
Give confidence that result will match with research
Foreigners pay for pilot studies, just ask for money
Please try to find out the competitor18
Outliers: Pains and Pleasures
HR
Recruitment should not be done on the basis of score card
If a person is very money oriented, better not to have him
Have interns and then try to offer them job
Incentives also have to be non-monetary
Check for dosti and jodidar
Work is challenging but it must appear doable
People are people, they may have downs in life you don’t have that luxury
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Outliers: Pains and Pleasures
Technology
Get projects that also do technology development
HR is aligned towards the goal and hence less chances of blurred outcome
Market need is known as someone is paying you for doing the work
Karenge ya kaise bhee karenge: New August Kranti
Don’t let customer own your IP
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Outliers: Pains and Pleasures
Finance
I suggest no fixed allocation for R&D
How do you ascertain which one can be monetized
Take projects that involved Research
Charge prohibitively high for IP in case customer demands it
Reward the people generating IP
Get DSIR recognition and save on tax
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Outliers: Pains and Pleasures
Tips for Entrepreneurs
“To carry his load without resting, not to be bothered by heat or cold and always be content: these three things we can learn from a donkey” – Indian proverb
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Outliers: Pains and Pleasures
Tips for Entrepreneurs
Have a good team
Marketing, Accounts, Finance (Ghatiya) are all non-tech brainless activities
You know I can write a 1000 line code in a week
So what – phone call to kiya
Know the law
Network a lot
Meet people: Meeting never hurts but it can open up opportunities
Give your employees manageable challenges
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Outliers: Pains and Pleasures
Sarkar Raj
There is a hell lot misconception that India does not support innovation
Our 80% revenue is from Government
There are lot of schemes for grant
Convincing is difficult
It takes time but it comes
Know the right contact
There is TDB, DST, NEN, Incubators
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Outliers: Pains and Pleasures
GENERAL GYAN
How to maintain sanity while innovating
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Outliers: Pains and Pleasures
Think and go MAD
Why don’t these buggers buy my product
Heck, am I selling so expensive?
This with a gora would have cost five times more
Tender was mine now this company has spoiled the whole process
Why cant people understand I am not sitting on pile of money
Ok if you don’t do it I will do it
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Outliers: Pains and Pleasures
Unsolicited Advice
Attend parties and ask friends that you can’t contribute; eat as if you contributed most
Go to Jinalay/Temple/Mosque/Church/Gurudwara/Synagogue if you are a theist or do some Yoga
Sleep properly; don’t bring tension at home, it anyways doesn’t solve the problem excepting combing
Beware of intoxications like drinking/smoking
If you are short tempered or with high BP or have a lot of self pride then do a job, entrepreneurship is not for you
Exercise is a must
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Outliers: Pains and Pleasures
Unsolicited Advice
All great men were great readers; Gandhi, Bose, Dhirubhai, Narayanmurthy …..
Just reading business does not help; diversify
Most important ideas come from very different subject –Genetic Algorithms in design
Know your surroundings – Newspapers are a good medium for the same; Pokharan could affect my company
Reading removes a lot of tension – (Auto)biographies are very good
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Outliers: Pains and Pleasures
Read
Crossing the Chasm – Geoffrey Moore (For start-ups)
Mahanayak – Viswas Patil
Maverick – Ricardo Semler
Why men don’t listen women can’t read maps – Allan & Barbara Pease
Foods that fight pain – Dr Neal Barnard
I Dare – Kiran Bedi
Wings of fire – HE Dr APJ Abdul Kalam
Straight from the Gut – Jack Welch
In search of excellence – Thomas Peterson
Built to last – Jim Collins
Good to Great – Jim Collins
Scientific American Magazine29
Thank You