Innovation Management Process in Young Academic Institutes

Technological innovations from most young universities and academic institutes generally emerge out of chaos. Thus, there is usually no support system put in place to support and manage this chaos. This is also largely due to the objectives of young academic institutions which are defined out of their mission to focus on academic excellence and placement rather than to nurture innovations that promise long term benefits. While there have been many social science research methodology based studies on this subject under the broad umbrella of "Innovation and Technology Management", there is usually an absence of a well defined process to help academic institutions to manage their intellectual property better. A clearly articulated method for translation of ideas into technological innovation will certainly help young academic institutes to inculcate research in students and teachers and would help identify the best commercial application of technological innovations.

In this paper we identify the need, propose and debate features of an innovation management process, based on cloud based technologies, particularly suitable for young academic institutes, to promote and support innovation in students and faculty.