40 Questions
What is one sense of the term 'invention' that is often confused with innovation?
a device, contrivance, or process originated after study and experiment
What does the Latin verb 'innovare' mean?
to renew
What is the primary role of a business incubator?
To develop and grow small businesses and startups
What is the outcome of the practical implementation of ideas?
All of the above
What is the second stage of the business incubation process?
Networking Facilities
What is the goal of design thinking in problem solving?
To create a wide range of potential solutions and narrow them down
What is an invention?
A unique or novel device, method, composition or process
What is the difference between innovation and invention?
Innovation and invention overlap semantically but are really quite distinct
What type of telephone might be considered an innovation?
The first cellular telephone
What is the meaning of the Latin verb 'invenire'?
to find
What type of services do business incubators offer to support startups?
A range of services including management training and capital financing
What is the outcome of an invention that achieves a completely unique function or result?
A radical breakthrough
What is the final stage of the business incubation process?
Support Services
What type of thinking is incorporated in design thinking?
Analytical, synthetic, divergent, and convergent thinking
What does innovation mean?
To improve or to replace something
What is an inventor?
A person who creates or discovers an invention
What is the first step to avoid getting lost in the planning process?
Writing down your plan
What is the purpose of rapid prototyping in product development?
To test product functionality
What is the opposite of additive manufacturing?
Subtractive manufacturing
What is the main benefit of rapid prototyping in reducing product development costs?
Eliminating the risk of product failure
What is the purpose of asking for feedback in the planning process?
To refine the plan with suggestions
What is the primary function of intellectual property rights?
To protect the creator's exclusive rights
What is the process of creating an object by building it one layer at a time?
Additive manufacturing
What is the primary difference between additive and subtractive manufacturing?
The method of creation
What is a characteristic of companies with a reactive innovation strategy?
They take a wait-and-see approach
What is the primary goal of Project Planning?
To manage project resources
What is the last phase of the project management process?
Project Closing
What is the main benefit of dividing a project into manageable stages?
To control project outcome
What is the first step in turning an idea into reality?
Writing down ideas
What is the purpose of planning backward in the idea-to-reality process?
To move forward with the idea
What is a characteristic of companies with a passive innovation strategy?
They wait for customer demands
What is the purpose of categorizing and prioritizing ideas in the idea-to-reality process?
To focus on the most important ideas
What is the primary focus of Intellectual Property Management (IP)?
Patents, copyrights, and trademarks
What is one of the benefits of Intellectual Property Rights (IPRs)?
Enhancing business' market value
What is the first step in the IPR registration process?
Preparation of Application
What can be done in the Intellectual Property Right Management System at any point of time?
Close an IPR application without getting registration
What is captured in the system during the preparation of the IPR application?
Basic information and related documents
What is given for your IP after the IPR application is filled?
Patent Application number
What can be configured in the IPR registration process flow?
The system has in-built IPR process flow which can be configured to suit requirements of the clients
What can be accessed using IPRs?
Raise finances
Test your knowledge of innovation and design thinking strategies, project management, and intellectual property in this B.Sc.I course quiz.
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