Exploring implementation of Islamic equity contracts in India

Two-Tier Mudarabah model is the basic theoretical model used by Islamic banks to structure Venture Capital (Iqbal and Molyneux; 2005). It is an equity-based structure used to create asset and liabilities where the Islamic bank is placed between investors and depositors who provide money and borrowers and beneficiaries who require money. On the liability side, ...

Estimating market size for an innovation with data from Primary and Secondary Research

How do we estimate market size for an innovation? Here’s how we did it for one of our innovations – first, using data from secondary research and later, primary research (Survey). The innovation is an IT solution that addresses the IT needs of SMEs (Small and Medium Enterprises) who use Microsoft Excel to capture their ...

Changing the jugad mindset of innovators in India – Need for attitudinal change to build differentiated products

I start with a story about the journey taken by an innovator, Mr.Bheem (name changed). Bheem is a Senior faculty member in a reputed engineering college and Director of the college’s technology lab (with industry interaction). He is an innovator with a jugad mindset. He comes out with locally built solutions for the need he ...